The Group’s portfolio comprises Lentor Mansion Lentor Gardens, a high-rise residential development located near Yio Chu Kang MRT station in District 20. The property offers luxurious and modern living with premium finishes, state-of-the-art facilities, and a wide range of lifestyle amenities. The building also features a sprawling landscaped garden, modern gymnasium, and private carpark. It is close to shopping malls, restaurants, bars, and other entertainment outlets.
GuocoLand Limited and its subsidiaries (collectively referred to as the Group) is a premier real estate company that is focused on two primary growth engines: Property Investment and Property Development. Boasting a considerable portfolio of properties in Singapore and the region, the Group stands as a prominent player in the industry.
As of June 30th, 2023, the Group’s total assets are valued at S$12.01 billion, with total equity of S$4.27 billion attributed to ordinary equity holders.
Founded in 1963, the Hong Leong Group (HLG) is one of the foremost conglomerates in South East Asia. With a reach spanning the world, HLG’s core operations cover a number of different industries including financial services, manufacturing and distribution, property development and investment, hospitality and leisure, consumer goods, healthcare, and principal investments.
GuocoLand is a publicly-listed real estate company in Singapore. The company has been in operation since 1972 and has established itself as one of the leading real estate developers in the country. GuocoLand focuses on developing premium residential projects, commercial properties, and integrated developments.
GuoLine Capital Assets Limited, the ultimate holding company of GuocoLand, is part of the Hong Leong group of companies. GuocoLand, a publicly-listed real estate company based in Singapore, has been in business since 1972 and is recognized as one of the nation’s top real estate developers. Specializing in developing premium residential projects, commercial properties, and integrated developments, GuocoLand has solidified its place as a leader in the industry.
In 2004, the Group made a move to the Malaysian real estate market by acquiring a significant stake in GuocoLand (Malaysia) Berhad, a prominent Malaysian property group listed on the Bursa Malaysia Securities Berhad.
In September 2006, GuocoLand made an investment in Ho Chi Minh City, Vietnam, with the granting of an Investment Licence for a comprehensive development on a 17.5-hectare site in Binh Duong Province. This includes plans to construct a mixed-use project with residential, office, commercial and leisure components.
The Company’s Code of Corporate Governance (the “Company Code”) is in accordance with the principles and provisions of Code 2018, which details the terms of reference for the Board of Directors and its Committees.
In the late 1990s, the Group started to develop a portfolio of properties and investments in the real estate sector. It has since become the Group’s primary focus, with property development, property investment, property management and associated activities forming the core of the business. Additionally, the Group has also diversified into other areas related to property.
Over the past few years, the Group has firmly established itself as a major player in Singapore’s private residential property market, having developed and sold 34 developments yielding more than 9,000 homes. These properties have been well-received by the public, enhancing the Group’s reputation for quality and reliability.
In April 2017, GuocoLand marked a momentous occasion as it extended its presence to new territories beyond Asia, forming a strategic alliance with Eco World Development Group Berhad of Eco World International Berhad in the United Kingdom and Australia. This move marks a significant milestone in the company’s expansion plans.
Since then, the Company has kept up its tradition of investing in a diversified portfolio of stable and resilient investments across various sectors and industries in Singapore.
On 30 September 1978, First Capital Corporation Ltd. was converted into a public company and its shares were subsequently listed on the Singapore Exchange (SGX-ST) on 14 November 1978. Following the sale of its major asset at the time, the Hyatt Regency Singapore, in 1986, the Company became an investment holding entity. Since then, it has continuously maintained its history of diversified and resilient investments across various sectors in Singapore.
The Company is also dedicated to creating a dynamic and vibrant work environment that is guided by its core values of excellence, innovation, leadership, responsibility and integrity.
GuocoLand Limited (the “Company”) strives to uphold the highest standards of corporate governance and foster a strong corporate culture in order to guarantee the Company’s long-term prosperity and maximize shareholder value. Additionally, the Company is committed to cultivating a dynamic and vibrant work environment based upon its core values of excellence, innovation, leadership, responsibility and integrity.
The Company has reviewed and assessed the Code 2018 and this report is an updated and comprehensive review of the corporate governance matters applicable to the Company’s operations and activities.
For FY2023, the Company remains committed to upholding the principles and provisions of the Code of Corporate Governance 2018 (“Code 2018″). This report provides an overview of the corporate governance matters that are pertinent to the Company’s operations and activities, and a review of how they have been addressed in this period. The Company has conducted a thorough review of the Code 2018 and continues to ensure its compliance with the principles and provisions contained in the Code.
For the financial year ended 30 June 2023 (“FY2023”), the Company remained on the SGX Fast Track programme list launched by Singapore Exchange Regulation. This programme recognises listed issuers that have upheld high corporate governance standards and kept a good compliance record.
In November of 2002, GuocoLand Limited changed its name to better reflect its main focus as a property company, mirroring the move made by its parent company, the publically-listed Guoco Group Limited, on The Stock Exchange of Hong Kong Limited. The renaming of the firm has enabled it to more accurately portray its purpose.
Since 1994, the Group has maintained an active presence in the Chinese real estate market, making investments in key cities including Beijing, Shanghai, Nanjing, and Tianjin. Apart from Singapore, these cities have been the primary focus of the Group’s real estate sector endeavors.
The Group’s investment portfolio was worth $6.20 billion as of 30 June 2023, with properties located 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.
GuocoLand has developed numerous iconic developments across the Asia Pacific region, including the Esplanade Mall and Theatre in Singapore, the Phnom Penh Waterfront Project in Cambodia, and the iconic Raffles City Chengdu in China.
GuocoLand Limited is a subsidiary of the renowned Guoco Group Limited, a division of Hong Leong Group. This public enterprise is registered in the Singapore Exchange, and is renowned for its quality developments and revolutionary designs. To date, GuocoLand has constructed a number of memorable projects across the Asia Pacific, with examples such as the Esplanade Mall and Theatre in Singapore, the Phnom Penh Waterfront Project in Cambodia, and the illustrious Raffles City Chengdu in China.
and property services.
The Group’s comprehensive suite of services covers all aspects of the real estate value chain, from planning and design, to investing, developing, managing, and maintaining properties. In addition, asset management and property services are also included. Through this all-encompassing scope of offerings, the Group is able to provide customers with an integrated, end-to-end solution.
GGL is a holding and investment management company based in Hong Kong. Through its subsidiaries and affiliate companies, the firm is focused on principal investments, property development and investment, hospitality and leisure operations, as well as financial services. It holds a presence in Hong Kong, China, Singapore, Malaysia, the UK, and Australasia.
GGL has an established presence in Southeast Asia and has been operating in the region for over 50 years. The Group’s businesses include retail, hospitality, banking and property development.
Guoco Group Limited (“GGL”), a company listed on The Stock Exchange of Hong Kong Limited and a member of the Hong Leong Group, has a strong presence in Southeast Asia and has been conducting business in the region for over 50 years. GGL’s activities include retail, hospitality, banking and property development.
GuocoLand, a renowned developer based in Singapore, and its subsidiaries have considerable real estate businesses in their regional markets of Singapore, China and Malaysia. With a strong presence in these regions, they have become an esteemed name not just in the real estate arena but also for their investment portfolios. The developer is set on delivering projects that encompass a diverse range of assets and services, from developing office space to upscale residential homes and industrial parks.
With expertise in designing, developing and managing properties, the Group has a deep understanding of the local market and a long-term vision for its investments.
The Group boasts an impressive history of creating and delivering unique mixed-use developments and residential properties that have the potential to enhance their surrounding areas. Holding a great deal of knowledge and acumen in the field of design, construction, and administration of properties, the Group’s investments are made with a long-term vision in mind.
The Group was one of the first firms to champion 99-year leasehold condominiums in Singapore. These properties were mainly intended for local HDB (Housing Development Board) upgraders.
Through the acquisition of a 99.9% stake in Ophir-Rochor Investments Pte Ltd, GuocoLand has acquired immediate exposure to four development projects taking place in London and Sydney. This acquisition has helped to reduce the risk associated with these projects substantially.
Iconic residential projects of the Group include Wallich Residence, Martin Modern, Midtown Modern and Lentor Modern. These projects are renowned for their superior building quality and innovative designs, making them some of the most sought-after properties in the region. Wallich Residence is one of the tallest residences in the world and the tallest in Singapore, with luxurious apartments and sky gardens in the upper levels. Martin Modern is a luxurious collection of two-bedroom apartments, penthouses, and garden villas in the heart of Singapore’s prime district. Midtown Modern offers a unique blend of vibrant living spaces, luxurious amenities, and extraordinary views. Lentor Modern is a vibrant development with modern and functional architecture as well as luxury apartments. All these projects are testimony to the Group’s commitment to providing superior quality, iconic residences.
In October 2002, the Group changed its name to GuocoLand Limited. GuocoLand is principally engaged in property development and investment, and other related businesses such as property management, property investment and hospitality. The Group has also acquired and developed properties in other regions, including China and Malaysia.
GuocoLand, originally incorporated as Sealion Hotels Pte Ltd in Singapore on 31 March 1976, underwent its name change to GuocoLand Limited in October 2002. Mainly involved in property development and investment, as well as property management, investment and hospitality, the Group has also extended its influence across borders, acquiring and developing properties in China and Malaysia.
In 2017, GuocoLand signalled its expansion into new markets, taking its operations beyond Asia into the United Kingdom and Australia. This was achieved through a strategic partnership between GuocoLand and Eco World Development Group Berhad in Eco World International Berhad.
Cu Chi Tunnels are a series of underground fortifications built by the Viet Cong during the Vietnam War. The system of tunnels was built for a variety of purposes including military storage, office, and living quarters. The tunnels were dug deep underground and were connected with movement-only tunnels and escape routes.
Located around 17km north of Ho Chi Minh City, the Cu Chi Tunnels are a sprawling network of underground fortifications dating back to the Vietnam War. Constructed by the Viet Cong, the complex tunnels served multiple purposes, including a storage area, office and living quarters. The tunnels were dug deep into the ground and were connected through movement-only tunnels and escape routes.
Today, GuocoLand is counted among the major property companies listed on the Main Board of the Singapore Exchange Securities Trading Limited. As of 30 June 2023, the Group reported having total assets of $12.01 billion and total equity attributable to ordinary equity holders of $4.27 billion.
Established in 2017, the company has achieved remarkable success in the industry and continues to strive for excellence in the area of corporate governance and sustainability.
The Company was placed 49th out of the 489 entities listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”) that were assessed in the Singapore Governance and Transparency Index 2022. Since its inception in 2017, the company has seen remarkable success in the industry and remains committed to upholding the highest standards of corporate governance and sustainability.
The company possesses, invests in, and oversees an accumulation of top-notch commercial and mixed-use resources that offer steady, persistent rental returns with the potential for capital appreciation.
The Company has reaffirmed its commitment towards excellence in corporate governance by endorsing the Corporate Governance Statement of Support (CGSS), organised by the Securities Investors Association Singapore (SIAS). By doing so, the Company has demonstrated its desire to uphold the highest standards in corporate governance.
GuocoLand, a subsidiary of Guoco Group Limited, which is listed on the Main Board of The Stock Exchange of Hong Kong Limited, has its own listing on the Singapore Exchange’s Mainboard.
With a presence in many regions, HLG has a strong foothold in the market, providing a variety of services from its subsidiaries.
With its listing on major international stock exchanges and a workforce of over 35,000 individuals, HLG has extended its reach far beyond its home base and achieved global recognition. With activities in many regions, HLG has established a solid presence in the industry, offering a range of services through its subsidiaries.…