The REIT is likely to see continued business growth over the long run, especially with the COVID-19 pandemic accelerating technology adoption. Keppel Club cuts monthly fee to $1 An aerial view of Keppel Club's golf course. Keppel DC REITâs high occupancy rate of 97.8% and long weighted average lease expiry (WALE) of 6.8 years provides investors with a stable and predictable income stream. Keppel Club said on Thurs that it will be managing the SICCâs Sime Public Course from 2022, and that it was excited to be given the opportunity. These two attributes provide good income visibility for the REIT. Orchid Country Club's lease expires in 2021 but will be renewed for another nine years to 2030 after which there will be no further extension. Mon, Jan 25, 2021 â 6:19 PM KEPPEL real estate investment trust (Reit) reported a distribution per unit (DPU) of 2.93 Singapore cents for the second half of the fiscal year ended December, up 4.6 per cent from its DPU of 2.80 cents in the year-ago period. Keppel DC performance has been impressive, from $0.93 at IPO, it has gone up to around $2.9 in 5 years, with 1 rights issue (2016) and 1 preferential offering (2019) ⦠The plan is to redevelop the site into a housing precinct with a mix of 9,000 private and public housing units, interlaced with waterfront promenades, greenery and open spaces. Keppel Club, whose lease for its Bukit Chermin site expires on Dec 31 next year, has been offered the opportunity to operate the public course with ⦠30 June 2019 committed occupancy, was 100% and weighted average lease expiry (WALE) was long at 6.2 years. For FY 2020, Keppel Reit said it had a tenant retention rate of 72 per cent due mainly to non-renewals at One Raffles Quay and Marina Bay Financial Centre. Keppel Club has accepted the offer to manage one of SICC 18-hole golf courses, after NTUC had turned down the opportunity due to âfinancial considerationsâ. See 12 photos and 1 tip from 152 visitors to Keppel Driving Range. About 9,000 housing units, including private residences and BTO flats (yay), will be built on this land. It has as much as 65.5% of its leases, by leased area, which would expire only after financial year (FY) 2023. Japanese Club: 4k: Keppel 14K: Laguna lease till 2021 Laguna lease till 2040: 24k 140k: OCC lease till 2023 OCC lease 2030 One Degree Marina : 15.5k 31.5k 11k: Polo: 5K : RTC Raffles Marina RSYC: 7.5k 2.5k 7k: SICC Local SICC Foreign SICC local corp SICC Foreign corp Seletar / Social Sentosa Foreign Sentosa Local Ind Sentosa (L) Corp Visitors welcome on weekdays and weekends. Judging from its result, this stock is not affected by the pandemic in terms of business revenue. Keppel DC REIT has reported a distribution per unit (DPU) of 4.795 cents for H2 2020, 27.5% higher YoY ⦠With Keppel DC REIT's 2H 2020 Results just out, I thought I'd take the chance to do a company review instead of just the results summary! The club's lease expires in December 2021. The amount of land allocated to golfing will be reduced to make way for more essential uses. The government said yesterday that it would not be renewing the leases for both Keppel Club and Marina Bay Golf Course when they end in 2021 and 2024 respectively. TODAY FILE PHOTO. Course usually closed for maintenance on Mondays. One of the first new developments on the GSW announced by PM Lee is the existing Keppel Club site, where the lease will expire in two years. post-2021 closure: coincident with the expiry of its lease on Dec 31, 2021, the golf course at Keppel Club will close to make way for a housing development. Keppel Corp, via Keppel T&T, has also put up its Southeast Asia and Australia logistics business for sale ... (2020: 14.8% y-o-y), portfolio weighted average lease to expiry (WALE) was a healthy 6.7 years (top 10 tenants was 11.8 years), portfolio occupancy still high at 97.9%, and rental collection was a healthy 98% in 4Q20. This was also in the Draft Master Plan 2013 (Nov 2013). Lease Expirations Every golf club in Singapore is built on land leased from the government. They added that it is also one of the most defensive REITs, given its long portfolio weighted average lease to expiry of approximately 6.8 years. 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