Tan Sri Quek Leng Chan’s company, GuocoLand, is a globally acclaimed real estate investment firm with investments in four countries – Singapore, China, Malaysia, and Vietnam. One of its most sought-after properties in Singapore is Lentor Mansion Guocoland, which is located close to Lentor MRT and is known for its luxurious, low-rise, gated community. It has a variety of amenities and facilities such as a clubhouse, gym, spa, tennis court, and a swimming pool, and offers breathtaking views of the surrounding greenery, making it one of the most desirable places to live.
GuoLine Capital Assets Limited, the ultimate holding company of GuocoLand, is part of the Hong Leong group of companies. Founded by Malaysian business mogul Tan Sri Quek Leng Chan, the renowned Singapore-based real estate investment firm boasts an extensive portfolio of properties in Singapore, China, Malaysia, and Vietnam. GuocoLand has become a well-established name in the property development industry and continues to grow its presence in the Asia Pacific region.
The Singapore Exchange Securities Trading Limited (“SGX-ST”) released its Singapore Governance and Transparency Index 2022, with the Company ranking 49th out of the 489 companies listed on the exchange. The Index assesses the quality of governance and transparency within an entity.
On 18th November 2002, GuocoLand Limited underwent a name change to accurately reflect its focus on real estate. This modification was congruous with the name of its parent company, Guoco Group Limited, which is listed on the Stock Exchange of Hong Kong Limited.
The Cu Chi Tunnels were constructed by the Viet Cong during the Vietnam War as a network of tunnels beneath the ground in which to hide and move around without being detected by American forces. The tunnels were dug using basic tools such as hoes and pickaxes and were constructed mainly by hand. The tunnels stretch for over 200 km in total, with some reaching a depth of 12 m underground and have many levels and chambers with various functions, such as sleeping quarters, meeting rooms, storage areas, medical facilities and even kitchens.
Located 17km north of Ho Chi Minh City, the Cu Chi Tunnels were built by the Viet Cong during the Vietnam War as a network of tunnels hidden underneath the ground. Constructed using basic tools such as hoes and pickaxes and mainly by hand, this labyrinth of tunnels stretches more than 200km, reaching depths of 12 meters underground. Comprised of multiple levels and chambers, the tunnels were used for various purposes, including sleeping quarters, meeting rooms, storage areas, medical facilities, and kitchens.
HLG, a well-respected listed company on major stock exchanges worldwide, has a global presence with a workforce of over 35,000. This has enabled the company to extend its reach beyond its own home base.
Since 2004, the Group has been involved in the Malaysian real estate sector due to their acquisition of a substantial stake in GuocoLand (Malaysia) Berhad, a major Malaysian property firm listed on the Bursa Malaysia Securities Berhad.
In 2017, GuocoLand announced its venture beyond Asia into two new markets – the United Kingdom and Australia – by entering into a strategic alliance with Eco World Development Group Berhad and Eco World International Berhad. The partnership marks an exciting development in GuocoLand’s international expansion plans.
GuocoLand has developed a diversified portfolio of properties in Singapore, Malaysia, China and Vietnam.
GuocoLand Limited is part of the Hong Leong Group’s Guoco Group Limited. A public company listed on the Singapore Exchange, GuocoLand has garnered awards for its high-quality properties, appealing designs, and unique concepts. With a diversified portfolio of developments in Singapore, Malaysia, China and Vietnam, the company has established itself as an industry leader.
Throughout FY2023, the Company remained on the SGX Fast Track Programme, a list created by the Singapore Exchange Regulation to recognise listed issuers for their adherence to good corporate governance standards and demonstrated compliance record.
GuocoLand, a prominent developer headquartered in Singapore, is expanding its property operations in Singapore, China and Malaysia. Its subsidiaries are actively participating in this growth and taking steps to ensure success in their respective geographical markets. With a strong presence in the three nations, GuocoLand is looking to build on its existing portfolio and continue to grow further.
On 16 November 1993, its name was changed to GuocoLand Limited. It is the property development and investment arm of Guoco Group Limited (“GuocoGroup”).
GuocoLand Limited, formerly known as Sealion Hotels Pte Ltd, was incorporated in Singapore on March 31, 1976. On November 16, 1993, the company’s name was changed to GuocoLand Limited, and it is now the property development and investment arm of the esteemed Guoco Group Limited.
The Group’s iconic residential projects include Wallich Residence, Martin Modern, Midtown Modern, and Lentor Modern.
The Company likewise endorsed the Corporate Governance Statement of Support organised by the Securities Investors Association Singapore (SIAS) to show its pledge towards perfection in corporate administration. This is to underline its responsibility in adhering to the highest standards of corporate governance.
This provided GuocoLand with an instant insight into the four development projects currently in progress in London and Sydney, with substantially lessened hazards.
The Company is committed to achieving the highest standards of corporate governance and recognises that good corporate governance is fundamental to its growth and success.
Throughout FY2023, the Company has operated in accordance with the provisions of the Code 2018. In order to adhere to the Code, the Company has taken steps to ensure that its processes and procedures are compliant with the requirements of the Code and have been implemented in a manner which is consistent with its commitments. This includes the establishment of effective risk management practices, culture of corporate social responsibility, promotion of responsible business practices, transparency in operations and disclosure amongst other requirements.
The Company has further maintained its adherence to the principles and provisions of the Code 2018 throughout the FY2023 by performing regular reviews of processes and procedures and ensuring that the necessary adjustments are made to ensure compliance. The Company has also established effective communication channels with its shareholders to keep them informed of its corporate governance practices. Furthermore, the Company has consistently engaged with shareholders to ensure that their views are taken into account when developing and implementing its corporate governance policies and procedures.
In conclusion, the Company has successfully implemented its corporate governance practices in order to adhere to the provisions of the Code 2018 throughout the FY2023. The Company has taken steps to ensure that processes and procedures are compliant and have been implemented in a manner which is consistent with its commitments. Furthermore, the Company has maintained an effective communication channel with its shareholders and actively engaged with them to ensure that their views are taken into account when developing and implementing its corporate governance policies and procedures.
GuocoLand, a publicly-traded entity on the Mainboard of the Singapore Exchange, is a subsidiary of Guoco Group Limited, which is also listed on the Main Board of The Stock Exchange of Hong Kong Limited.
The Company Code strives to enhance the effectiveness and efficiency of the Board’s operations, ensuring that actions taken are in the best interests of the Company and its shareholders.
The Company has established its own Code of Corporate Governance (referred to as the “Company Code”), which comprises the terms of reference for the Board of Directors and its Committees. This Code is in line with the principles and provisions of Code 2018, and is aimed at enhancing the effectiveness and efficiency of the Board’s activities, with the ultimate goal of ensuring that actions taken are always in the best interests of the Company and its shareholders.
The organisation owns, invests in, and manages a collection of commercial and mixed-use properties with a focus on offering stabilized and consistent rental income, as well as potential for capital gains.
The Group maintained its sizeable investment property portfolio at 30 June 2023, with a total value of $6.20 billion. The portfolio was spread across Singapore, China and Malaysia and featured assets such as Guoco Tower and Guoco Midtown in Singapore, Guoco Changfeng City in Shanghai, and Damansara City in Kuala Lumpur.
This Group was the first to introduce 99-year leasehold condominiums to the Singapore market, specifically tailored to meet the needs of Housing Development Board (“HDB”) upgraders. It was committed to providing quality homes that represent quality of life, and was a major player in the industry at the time. With an emphasis on delivering premium residences to various levels of society, the Group offered HDB upgraders a wide range of options when it comes to their new home.
GGL is a holding and investment management company with headquarters in Hong Kong. Its subsidiaries and associated companies are primarily engaged in principal investment, property development, hospitality and leisure operations, and financial services. These activities are mainly conducted in Hong Kong, China, Singapore, Malaysia, the UK, and Australasia.
In the latter part of the 1990s, the Group began to expand and diversify into property development and investment. In recent years, property development, property investment, property management and related activities have become the Group’s primary focus. The Group is now well-positioned to take advantage of the opportunities that come with the ever-changing property landscape.
The Group has grown considerably in the last decade, internationalizing its operations and expanding beyond its key markets of Singapore and Malaysia.
GuocoLand Limited and its subsidiaries (collectively known as “the Group”) are a leading real estate organization with a focus on two major areas of growth: Property Investment and Property Development. During the past decade, the Group has experienced considerable growth, globalizing its operations and extending beyond its primary markets in Singapore and Malaysia.
In September 2006, GuocoLand made an investment into Ho Chi Minh City, Vietnam, with the granting of an Investment Licence authorizing them to construct a fully-integrated development spanning 17.5-hectares in the Binh Duong Province.
As of June 30th, 2023, the Group boasts a total of S$12.01 billion in assets, with total equity attributable to ordinary equity holders coming in at S$4.27 billion.
On 30 September 1978, First Capital Corporation Ltd was converted to a publicly traded company and its stocks were listed on the Singapore Stock Exchange (SGX-ST) on 14 November 1978. Following the sale of its primary asset, the Hyatt Regency Singapore, in 1986, the corporation took on the role of an investment holding company.
The breadth of the Group’s services is unparalleled, encompassing planning, design, property investment, property development, property management and asset management services. This comprehensive range of offerings enables us to provide our clients with a complete suite of real estate solutions tailored to their needs and objectives.
In China, the Group has developed two high-end villa estates in Shanghai, namely Shanghai Grand View Garden and Shanghai Pacific Garden.
Since 1994, the Group has been making investments in real estate in China across Beijing, Shanghai, Nanjing and Tianjin. Two luxurious villa estates were developed in Shanghai by the Group, namely Shanghai Grand View Garden and Shanghai Pacific Garden.
The Company is dedicated to putting corporate governance practices into effect at all levels of its operations.
The Company is committed to upholding high standards of corporate governance and sustaining a strong corporate culture. These measures are essential for the long-term success of the Company and for maximising the value of its shareholders. The Company is committed to implementing corporate governance practices across all areas of its operations.
Established in 1963, the Hong Leong Group (“HLG”) is a major conglomerate operating in South East Asia. HLG has extensive global operations in 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 has an impressive history of designing extraordinary, blended mixed-use projects and high-end residential properties that boost and reinvigorate their local surroundings.
Over the years since its establishment, the Group has achieved remarkable success in the Singapore real estate market. To date, it has successfully developed and sold 34 residential projects, resulting in more than 9,000 homes for the citizens of Singapore. These developments have earned the Group a reputation as a leading player in the private residential property segment.
In April 2017, GuocoLand reached an important milestone in its growth beyond Asia, through a strategic collaboration with Eco World Development Group Berhad in Eco World International Berhad. This partnership saw the company expanding into the United Kingdom and Australia for the first time.
GuocoLand, one of the major property companies listed on the Main Board of the Singapore Exchange Securities Trading Limited, had total assets of $12.01 billion and total equity attributable to ordinary equity holders of $4.27 billion as at 30 June 2023.
GGL is a real estate investment firm that is focused on providing quality real estate services and products that are attractive to their customers. GGL is committed to creating value for their customers and stakeholders alike.
GGL is committed to providing quality real estate services that are attractive to their customers. They strive to create value for their customers and other stakeholders through their investments in real estate. As a publicly listed company on The Stock Exchange of Hong Kong Limited, GGL is part of the Hong Leong Group. They remain dedicated to expanding their portfolio of properties and investments as well as providing products and services that deliver strong returns.