Staff Reporter
,
Singapore
Bulk of asset value in development properties.
Commenting after Keppel Land released its 3Q13 results, Barclays Research said that the company has increased its risk profile with 68% of its asset value now in development properties.
Company data and Barclays Research show that property trading currently makes up 68% of assets, followed by property investment (29%), others (2%) and hotels & resorts (1%).
"While the eventual monetisation of MBFC Tower 3 to KREIT could mean higher special dividends, any reinvestment into China or Singapore residential would raise its volatile trading exposure further," warns the research firm.
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