Singapore's Keppel looks to India amid China's property woes

Temasek-owned asset manager eyes South Asia as Chinese rout continues

20231027 Keppel India La Vie Residence

Singapore asset manager Keppel and Indian real estate developer Rustomjee Group have stakes in a Mumbai residential project named Lavie. (Nikkei montage/Source photos by screenshot from Keppel's website and courtesy of Keppel) 

DYLAN LOH, Nikkei staff writer

SINGAPORE -- Singapore asset manager Keppel is looking deeper into emerging markets like India to drive investments even as China, long a source of business, struggles with a property crisis that threatens to dampen growth for the country.

Keppel, which counts Singapore state investor Temasek as a major shareholder, will send a management team to India in November to "examine the market more closely" in order to establish a foothold.

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