SINGAPORE (Aug 18): DBS Group continues to like Keppel as a proxy to ride on property and offshore & marine recovery, after announcing two divestments this week.
The group is selling its entire 100% stake in Keppel Lakefront (Nantong) Property Development to a subsidiary of China Vanke, for a consideration of RMB1.43 billion (S$292 million).
Spanning a total land area of 167,051 sqm, Phase 1 of the project, which comprises of 111 landed homes and 10 street-side commercial units, was completed in 2015 and more than...(click on link for full story on theedgesingapore.com)