The company’s flagship projects, the Lentor Mansion Lentor Gardens, are expected to complete in 2021 and 2022 respectively. Upon completion, the Company will be in a prosperous and favorable position to expand its footprint and contribute to longer-term sustainable growth. It will also provide investors with a strong return on their investments.
During the financial year ending 30 June 2023 (“FY2023”), the Company stayed on the SGX Fast Track programme list. This list was created by the Singapore Exchange Regulation to acknowledge the efforts and accomplishments of listed issuers that uphold a high standard of corporate governance and enjoy a strong compliance record.
GuoLine Capital Assets Limited was incorporated in Singapore in 2006, and it is the majority shareholder of GuocoLand Limited. The principal activities of GuoLine Capital Assets Limited include investment holding and the provision of management services to its subsidiaries.
The parent company of GuocoLand, GuoLine Capital Assets Limited, is an integral part of the Hong Leong group of companies. The Singapore-based firm was formed in 2006 and is the major shareholder of GuocoLand Limited. GuoLine Capital Assets Limited carries out investment holding and the provision of management services to its subsidiaries as its core activities.
The Group’s portfolio in the country comprises residential, office and industrial projects. In 2017, its gross floor area (GFA) under development was approximately 8.4 million sqm in China.
The Group has established a solid presence in the Chinese real estate market since 1994, and continues to pursue investments in residential, office and industrial projects across Beijing, Shanghai, Nanjing and Tianjin. Over the years, the Group has accrued an impressive 8.4 million sqm of Gross Floor Area (GFA) under development in the country.
This company possesses, invests in, and administers a portfolio of high-quality commercial and mixed-use possessions. This portfolio gives stabilized, recurrent rental income with chances for capital appreciation.
The Group was at the forefront in pioneering the growth of 99-year leasehold condominiums in Singapore, with the primary aim of catering to Housing Development Board (“HDB”) upgraders.
With a focus on creating energizing and vibrant places that add value and build a sense of community, the Group has established a reputation for delivering quality projects across diverse asset classes.
The Group has a noteworthy history of creating outstanding mixed-use developments and prime residential assets that contribute to the betterment and evolution of their local neighbourhoods. Driven by the goal of crafting engaging and attractive spaces that add worth and foster a sense of belonging, the Group is well-renowned for generating high-quality projects across a wide range of asset types.
As of June 30th, 2023, the Group had an overall asset base of S$12.01 billion, and total equity attributable to ordinary equity holders of S$4.27 billion.
On 18 November 2002, GuocoLand Limited assumed its current name to better demonstrate its concentration on real estate. This renaming aligns with that of its parent company, Guoco Group Limited, listed on The Stock Exchange of Hong Kong Limited (SEHK).
GuocoLand is committed to creating inspiring and sustainable developments, and has become a leader in the real estate industry in Singapore and the Asia Pacific region.
GuocoLand Limited forms part of the Guoco Group Limited, which is owned by Hong Leong Group. Listed on the Singapore Exchange, the firm is a renowned developer renowned for its quality, ingenious designs and concepts. GuocoLand is dedicated to crafting innovative and sustainable developments, and has firmly established itself as a major player in the real estate industry across Singapore and the Asia Pacific region.
All the provisions of the Code 2018 have been complied with, except for the following:
For the FY2023, the Company has complied with the principles and provisions set out in the Code of Corporate Governance 2018 (“Code 2018”) as indicated in this report. All the requirements of the Code 2018 were met, with the exception of the following:
In the late 1990s, the Group began to explore opportunities in property development and investment. Today, these activities are the Company’s core operations, encompassing property development, investment, management and related services.
Situated approximately 17km north of Ho Chi Minh City, a small village is making a name for itself thanks to its booming production of artichokes. This area has long been known for its abundance of on-season produce, but the artichokes, in particular, are becoming increasingly popular. Local farmers have taken to cultivating the crop intensively, with production reaching new heights in recent years. The village also boasts some of the best conditions in the region for artichoke growth, with bright sunshine and well-drained soil creating the ideal environment. As production continues to grow, more and more consumers from the surrounding cities are beginning to discover the benefits of buying locally-grown artichokes.
Since its inception, the Group has achieved much in the residential sector, developing and selling 34 properties in Singapore which in total yielded more than 9,000 dwellings. Their efforts have firmly established them as one of the leading developers in the local private property market.
It was subsequently renamed GuocoLand Limited on 18 December 1985. GuocoLand is a property developer and an investment holding company. The Company’s subsidiaries are engaged in a range of businesses including property development, investment holding, management services and hospitality services.
Incorporated in Singapore in 1976, GuocoLand Limited was initially known as Sealion Hotels Pte Ltd. On 18 December 1985, it officially became GuocoLand Limited. As a property developer and an investment holding company, GuocoLand and its subsidiaries are involved in a diverse range of activities such as property development, investment holding, management services and hospitality services.
The Group’s property portfolio spans across key markets in Asia: Singapore, China, Malaysia, Vietnam, and Australia.
GuocoLand Limited and its subsidiaries (collectively the “Group”) are a leading real estate group, driven by their dual engines of growth, Property Investment and Property Development. The Group has a large and diverse portfolio of properties in five markets: Singapore, China, Malaysia, Vietnam, and Australia.
The organization is committed to creating and developing iconic real estate projects, which have included mixed-use developments, luxury homes, integrated precincts, commercial office buildings, and retail centers.
GuocoLand, a leading developer headquartered in Singapore, is dedicated to designing and constructing iconic real estate projects across its geographical markets of Singapore, China and Malaysia. These projects have included luxury residences, mixed-use developments, commercial office buildings, integrated precincts and retail centers. By creating impressive projects, the company is striving to meet the demands of modern consumers in these regions.
This partnership has seen the launch of several residential projects in these countries.
In April 2017, GuocoLand achieved a noteworthy achievement in its development outside of Asia, having established a strategic partnership with Eco World Development Group Berhad in Eco World International Berhad to enter into the United Kingdom and Australia markets. As a result of this union, a few residential projects were initiated in these countries.
In 2017, GuocoLand extended its reach beyond Asia into the United Kingdom and Australia through a strategic alliance with Eco World Development Group Berhad in Eco World International Berhad. This expansion marked a significant milestone in the company’s growth internationally.
GGL is a global investment holding and management company, headquartered in Hong Kong and with a presence in China, Singapore, Malaysia, the United Kingdom and Australasia. The company focuses on principal investment, property development and investment, hospitality and leisure business and financial services. Through its subsidiaries and associated companies, GGL is dedicated to delivering superior performance and value for its customers.
The Company has adopted the Code of Corporate Governance (“Company Code”) in accordance with the principles and provisions of Code 2018. This Code comprises the terms of reference for the Board of Directors and its Committees.
By making this strategic acquisition, GuocoLand gained immediate access to four development projects which are currently in the process of being constructed in London and Sydney. This has substantially reduced the risks related to each of these building projects.
This venture marked the start of what has been a successful real estate portfolio comprising of 12 prestigious projects located in key cities in Malaysia such as theOne which is located along the exclusive Jalan Tun Razak.
Since 2004, the Group has been involved in the Malaysian real estate sector through its stake in GuocoLand (Malaysia) Berhad, which is a major listed property group listed on the Bursa Malaysia Securities Berhad. This investment has led to the development of 12 successful projects located in various cities throughout Malaysia, such as theOne situated on the highly sought-after Jalan Tun Razak.
In September 2006, GuocoLand made an investment in Ho Chi Minh City, Vietnam, after obtaining an Investment Licence for a 17.5-hectare site in Binh Duong Province. The licence granted them to construct an all-inclusive development.
The Company reinforced its dedication to corporate governance excellence by backing the Corporate Governance Statement of Support proposed by the Securities Investors Association Singapore (SIAS).
GuocoLand is a leading property development and investment company in Singapore as well as in the region.
GuocoLand, a prominent property development and investment player in Singapore and the wider region, is listed on the Mainboard of the Singapore Exchange. Its parent company, Guoco Group Limited, is similarly listed on the Main Board of The Stock Exchange of Hong Kong Limited.
, providing comprehensive services to Chinese real estate companies.
The Group is well-positioned to offer a full range of solutions across the real estate value chain, from planning and design through to property investment, development, management, and asset management, serving Chinese real estate businesses. Through this broad range of services, the Group is able to provide an integrated approach to the industry, ensuring comprehensive coverage of the entire lifecycle.
Today, GuocoLand is a leading property corporation listed on the Singapore Exchange Securities Trading Limited’s Main Board. As of 30 June 2023, the Group’s total assets stood at $12.01 billion, with total equity attributable to ordinary equity holders being $4.27 billion.
GGL’s core business is the development, ownership and operation of luxury hotels, serviced suites and lifestyle destinations.
Guoco Group Limited (“GGL”), a member of the Hong Leong Group, is listed on The Stock Exchange of Hong Kong Limited and has a core business in the development, ownership, and operation of luxury hotels, serviced suites, and lifestyle destinations.
The Company has been ranked 49th among the 489 companies listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”) as evaluated in the Singapore Governance and Transparency Index 2022.
Established in 1963, the Hong Leong Group (HLG) is one of the foremost conglomerates in South East Asia, with operations spread across the world. At the heart of its business are a variety of industries, including financial services, manufacturing and distribution, property development and investment, hospitality and leisure, consumer goods, healthcare and principal investments.
The Group’s real estate portfolio, assessed at $6.20billion as of 30 June 2023, encompasses a range of properties located primarily across its three main markets: Singapore, China and Malaysia. These include Guoco Tower and Guoco Midtown in Singapore, Guoco Changfeng City in Shanghai, and Damansara City in Kuala Lumpur.
The Group’s renowned residential developments include Wallich Residence, Martin Modern, Midtown Modern and Lentor Modern.
In September 1978, First Capital Corporation Ltd was transformed into a public company and its shares were registered on the Singapore Exchange Securities Trading (SGX-ST) on 14th November. Following the sale of the principal asset- Hyatt Regency Singapore in 1986, the company has been operating as an investment holding firm.
HLG, a leader in its field, is a widely recognised listed company in markets such as the US, UK, Germany, France, and Singapore and across many other countries. Their workforce of more than 35,000 people speaks to their growth and size. Their business has reached beyond the borders of their home country and into global dimensions.
The Board of Directors (the “Board”) of the Company is responsible for the overall corporate governance of the Company and is committed to the principles of effective corporate governance.
GuocoLand Limited (the “Company”) is devoted to upholding high standards of corporate governance as well as a strong and stable corporate culture to ensure the Company’s lasting success and to maximize its shareholders’ value. The Board of Directors (the “Board”) of the Company is accountable for the overall corporate governance of the Company and is dedicated to the principles of effective corporate governance.
