GuocoLand to build 30-storey office tower and 200-unit living area in $1.6b Beach Road site

23 Apr 2019 - Singapore Business Review
Guoco Midtown will be a 960,000 sqft mixed-use development. GuocoLand unveiled the concept of Guoco Midtown, which will be a 960,000 sqft mixed-use development on the Beach Road site, which it won for $1.6b on September 2017. According to an announcement, GuocoLand will build Seawater Street which is ...
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GuocoLand to spend US$1.8b on mixed-use Singapore project

22 Apr 2019 - The Star Online
SINGAPORE: Singapore developer GuocoLand Ltd. plans to spend S$2.4 billion ($1.8 billion) on a new mixed-use development on the fringe of the central business district. An office tower will be the largest component of the Guoco Midtown project with 770,000 square feet spread across 30 floors. The residential ...
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Guocoland posts Q3 loss, sees lacklustre property market

17 Apr 2019 - The Star Online
KUALA LUMPUR: Guocoland (M) Bhd, the property firm controlled by billionaire Tan Sri Quek Leng Chan reported a loss in the third quarter ended March 31 on lower sales of completed units. The company expects the domestic property market to remain lacklustre in the subsequent period of year 2019 due to ...
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Proposed privatisation of HK's Guoco falls through

2 Nov 2018 - The Star Online
KUALA LUMPUR: The proposed privatisation of Hong Kong-listed Gouco Group Ltd by GuoLine Overseas Ltd has fallen through after failing to obtain the support of shareholders. In a joint filing with the Hong Kong Stock Exchange on Thursday, GuoLine and Guoco announced that the proposed scheme arrangement ...
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Quek resigns as Guocoland chairman

1 May 2018 - The Star Online
PETALING JAYA: Tan Sri Quek Leng Chan, 74, has resigned from the board of GuocoLand (M) Bhd. Choong Yee How, 61, will take over from Quek as GuocoLand’s next chairman. Choong was previously its non-executive director. The change is due to internal rationalisation and streamlining of the board, the group ...
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GuocoLand Q3 profits up 7% to $31.54m

27 Apr 2018 - Singapore Business Review
It cited “healthy” sales for its residential projects in Singapore. GuocoLand profits rose 7% YoY from $29.57m to $31.54m in Q3. According to its financial statement, revenue fell 15% YoY to $230.6m. The company said its completed residential projects, especially those in Singapore, have recorded healthy ...
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Guocoland wins bid to buy Singapore's Pacific Mansion for record RM2.91b

19 Mar 2018 - The Star Online
SINGAPORE: Guocoland and the Hong Leong Investment Holdings group have won a bid to buy the Pacific Mansion condominium development in River Valley for S$980 million (RM2.91 billion), setting a new high among recent en bloc deal amounts. The deal beats out the recent sales of Tampines Court, for S$970 ...
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GuocoLand joint venture buys Pacific Mansion for $980m

19 Mar 2018 - Singapore Business Review
The prime freehold site will be near GuocoLand’s other project Martin Modern. GuocoLand, together with Intrepid Investments Pte. Ltd. (Intrepid) and Hong Realty (Private) Limited (HR) won the tender for the Pacific Mansion condominium site with a bid of $980m. According to a statement, the residential ...
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GuocoLand relied on residential sales for profit growth

2 Feb 2018 - Singapore Business Review
46% of Martin Modern is already sold for an average price of $2,255 psf. GuocoLand Limited's (GuocoLand) profits for H1 in 2017 ballooned by 152% YoY to $208.53m, and it has its strong residential sales to thank, CIMB Research said. According to a report, two ongoing residential projects, Sims Urban ...
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Guocoland to raise $350m from perpetual bonds

17 Jan 2018 - Singapore Business Review
Distribution payments will be made at the rate of 4.6% per annum. GuocoLand Limited (GuocoLand) launched 4.6% subordinated perpetual bonds worth $350m for its $3b multicurrency medium term note programme. According to an announcement, the bonds will be issued in the denomination of $250,000. The distributions ...
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