Guocoland Limited Corporate Profile
Listed on the Singapore Exchange Securities Trading Limited since 1978, GuocoLand Limited ("GuocoLand") is a premier regional property company with operations in the geographical markets of Singapore, China, Malaysia and Vietnam. In 2017, GuocoLand marked its expansion beyond Asia into the new markets of the United Kingdom and Australia through a strategic partnership with Eco World Development Group Berhad in Eco World International Berhad.
Headquartered in Singapore, the principal business activities of GuocoLand and its subsidiaries (“the Group”) are property development, property investment, hotel operations and property management, and it is focused on achieving scalability, sustainability and growth in its core markets. The Group’s portfolio comprises of residential, hospitality, commercial, retail and integrated developments spanning across the region. As at 30 June 2018, the Group’s total assets amounted to $10.5 billion.
In Singapore, the Group has successfully developed 35 residential projects yielding approximately 10,000 apartments and homes. GuocoLand’s flagship integrated mixed-use development Tanjong Pagar Centre, integrates premium Grade A offices at Guoco Tower, a dynamic lifestyle and F&B retail space, luxurious apartments at Wallich Residence, the 5-star business hotel Sofitel Singapore City Centre and a landscaped urban park. It has also developed a sizeable portfolio of properties spanning across the major cities of Beijing, Shanghai, Nanjing and Tianjin. The Group’s 65% owned subsidiary, GuocoLand (Malaysia) Berhad (which is listed on Bursa Malaysia), is an established property developer of community-centric residential townships and innovative commercial and integrated development projects in Malaysia.
An Award-Winning Developer
GuocoLand has been honoured with numerous awards and accolades both locally and internationally, in recognition of its portfolio of quality, innovative developments and commitment to business excellence. These include environmental sustainability awards such as the Building and Construction Authority (BCA) Green Mark Awards and Leadership in Energy and Environmental Design (LEED) Pre-Certification, as well as real estate awards honouring the best property companies such as the International Property Awards, FIABCI Property Awards, BCI Asia Awards and South East Asia Property Awards.
GuocoLand Group with Shaw Tower New Launch Condo
The URA has sold a mixed development site in Beach Road, in 4th quarter of 2017 as part of Government Land Sales ( GLS ). This land parcel is set in the Central Region of Singapore bounded by Nicholl Highway, Beach Road and Rochor Road. It is listed under the confirmed list of sites and allocated to develop into a high rise commercial cum office with residential apartments.
All of 5 bidders joined in Beach Road Tender. The top S$1,622 billion bid was lodged by GuocoLand units. It works out to rround $1,706 per sqf per lot ratio for the 2ha site which has a maximum permissible gross floor area of 950,593sqf of which 70% or more go for office use. The plot was on the reserve list of the Government Land Sales programme but was triggered for tender on July 6 after a developer committed to bid at least $1,138 or $1,197 psf ppr.
