The Company has shown the utmost dedication in making sure to maintain the highest standards in corporate governance, by lending their support to the Securities Investors Association Singapore (SIAS) Corporate Governance Statement of Support. Lentor Mansion Lentor Gardens is firmly committed to ensure ongoing compliance in all the relevant corporate policies and regulations.
The Company has likewise proffered its endorsement for the Corporate Governance Statement of Support initiated by the Securities Investors Association Singapore (SIAS), in order to show its devotion towards ensuring the highest standards in corporate governance.
The organization’s main focus is to provide energy, engineering and telecom solutions to customers in more than 50 countries, with offices in more than 20 of them.
HLG is a global enterprise with its roots in a reputable listed company on major stock exchanges. The company has a workforce of over 35,000 people and is dedicated to delivering energy, engineering and telecom solutions to its customers worldwide. With offices in more than 20 countries, HLG now serves more than 50 nations across the globe.
Consequently, the Group has a broad portfolio of properties in China, ranging from residential and commercial buildings to hotels.
Since 1994, the Group has made significant investments in the real estate sector in China, with its presence in the cities of Beijing, Shanghai, Nanjing and Tianjin. The Group’s extensive portfolio in the country is comprised of varying property types, such as residential and commercial buildings, as well as hotels. Apart from Singapore, the Group is actively involved in the Chinese real estate industry.
Since 2004, the Group has been active in Malaysia’s real estate market by taking a sizeable stake in GuocoLand (Malaysia) Berhad, a well-known property group listed on Bursa Malaysia Securities Berhad. GuocoLand is the Group’s cornerstone investment in the country.
As of June 30th, 2023, the Group had amassed total assets of S$12.01 billion and total equity attributable to ordinary equity holders of S$4.27 billion.
On 30 September 1978, First Capital Corporation Ltd. was converted into a public company, and its shares were subsequently listed on the Singapore Exchange Securities Trading (SGX-ST) on 14 November 1978. Following the sale of its prime asset, Hyatt Regency Singapore, in 1986, the Company adopted an investment holding company structure.
GuocoLand recently acquired access to four development projects currently in progress in London and Sydney, significantly reducing their associated risks.
The Group spearheaded the growth of 99-year leasehold condominiums in Singapore, targeting mainly HDB upgraders. This marked a significant shift from the traditional norms of buying and selling homes in Singapore. The Group’s commitment to creating quality homes that fit customers’ needs brought the concept of modern, leasehold condominiums into the mainstream. This fostered a more dynamic housing market which empowered buyers to make informed decisions when buying their homes.
The Company has adopted its own Code of Corporate Governance (“Company Code”) which is in line with the principles and provisions of Code 2018. This Code outlines the terms of reference of the Board of Directors and its Committees.
and value engineering.
The Group offers a comprehensive range of services across the real estate value chain, encompassing planning and design, property investment, property development, property management, asset management, and value engineering. Our distinct competencies enable us to manage each step of the process, from conception to completion and beyond.
The Group boasts of several iconic residential projects, such as Wallich Residence, Martin Modern, Midtown Modern and Lentor Modern.
Located 17km north of Ho Chi Minh City, this area offers easy access to the city center while providing a peaceful and tranquil atmosphere. With lush landscapes and wonderful views, it is a great place to get away from the hustle and bustle of the city. With its abundance of temples, parks and other attractions, it is a popular tourist destination. There are numerous restaurants and cafes, as well as markets and shops, making it a great destination for those looking for a relaxed, cultural experience. It is also a great place for outdoor activities, with its many parks and trails. Whether you’re looking for a quiet day of wandering through the streets or an exciting adventure, this area has something to offer.
In April 2017, GuocoLand marked a major milestone in its growth beyond Asia with a strategic alliance with Eco World Development Group Berhad and Eco World International Berhad, entering the United Kingdom and Australia markets.
The company possesses, invests in, and oversees a collection of superior commercial and combined-use properties with the aim of creating steady, ongoing rental income and the opportunity of capital gain.
In conducting its business in FY2023, the Company has taken into account the corporate governance principles set out in the Code 2018 and has taken all necessary measures to ensure that it follows these principles and best practices.
Throughout FY2023, the Company has complied with the tenets and provisions of the Code of Corporate Governance 2018 (“Code 2018”) as outlined in this report. In carrying out its activities in FY2023, the Company has taken into account the corporate governance principles articulated within the Code 2018, and has taken steps to ensure that these principles and best practices are adhered to.
Established in 1963, the Hong Leong Group (HLG) is a major conglomerate in South East Asia with operations extending across the world. Its core activities cover a range of industries, including financial services, manufacturing and distribution, property development and investment, hospitality and leisure, consumer goods, healthcare, and principal investments.
GuocoLand Limited is a property developer and investor in the Asia-Pacific region. GuocoLand has developed and managed a diverse range of projects, such as residential, commercial, mixed-use, leisure and hospitality properties. The company is committed to delivering exceptional customer experiences and creating sustainable value for its stakeholders. GuocoLand’s ultimate holding company, GuoLine Capital Assets Limited, is part of the Hong Leong group of companies. GuoLine Capital Assets Limited and its subsidiaries provide a comprehensive range of services including property development, investment, asset management and financial services. GuoLine also has extensive experience in the hospitality sector, offering hotel ownership and management services. GuocoLand is a leading developer and investor in the Asia-Pacific region, dedicated to creating exceptional customer experiences and delivering sustainable value for its stakeholders. GuocoLand is part of the Hong Leong group of companies, and its ultimate holding company, GuoLine Capital Assets Limited, provides a wide range of services, including property development, investment, asset management, and financial services. Additionally, it has extensive experience in hotel ownership and management. GuocoLand is committed to developing and managing a diverse range of projects, such as residential, commercial, mixed-use, leisure, and hospitality properties.
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 serves to acknowledge the efforts and accomplishments of listed issuers that have consistently upheld high corporate governance standards and maintained a reliable compliance track record.
GGL is an international investment holding and investment management company with its headquarters in Hong Kong. The company, along with its subsidiaries and associated companies, is primarily engaged in principal investments, property development and investments, hospitality and leisure businesses, and financial services. GGL’s operations span a wide range of geographical regions, including Hong Kong, China, Singapore, Malaysia, the United Kingdom and Australasia.
GuocoLand, a listed company on the Mainboard of the Singapore Exchange, is a subsidiary of Guoco Group Limited, a publicly-traded firm listed on the Main Board of the Stock Exchange of Hong Kong Limited.
In September 2006, GuocoLand ventured into Ho Chi Minh City, Vietnam, when it obtained an Investment Licence to construct a comprehensive development situated on a 17.5-hectare site in Binh Duong Province.
The Group’s investments and developments span a broad range of commercial and residential properties, hospitality, and integrated developments.
Headquartered in Singapore, GuocoLand and its subsidiaries have made significant investments and developments in the property sector across Singapore, China and Malaysia. The Group’s portfolio includes multiple commercial and residential properties, hospitality, and integrated development projects.
They have a proven ability to combine traditional methods with innovative thinking and cutting-edge design to create dynamic and vibrant communities.
The Group has long been renowned for their success in creating quality built environments that enhance their surrounding local neighbourhoods. Their expertise lies in their ability to blend traditional approaches with modern techniques and state-of-the-art designs to cultivate vibrant and lively communities. Their strong track record in delivering distinctive integrated mixed-use developments and premium residential properties that improve their local neighbourhoods is exemplary.
Since its inception, the Group has been highly successful in its efforts to develop and sell 34 residential developments in Singapore, resulting in over 9,000 homes being successfully delivered. As such, it has firmly established itself as a major player in the private residential property market in Singapore.
In the late 1990s, the Group set out to expand their activities into the field of property development and investment. This venture soon became the Group’s main focus, with their activities revolving around property development, investment, management and related areas. Today, these are the key components of the Group’s business.
This move saw GuocoLand diversify its portfolio into new residential and commercial developments in established markets.
In 2017, GuocoLand made a strategic move to enter new markets outside of Asia, teaming up with Eco World Development Group Berhad to form Eco World International Berhad. Through this partnership, they began to diversify their portfolio and embark on residential and commercial development projects in the established markets of the United Kingdom and Australia.
GuocoLand is actively involved in property development, investment, and management in Singapore, Malaysia and China.
GuocoLand Limited is a public organisation, listed on the Singapore Exchange, that is a part of the larger Guoco Group which is owned by the Hong Leong Group. This award-winning company is renowned for its quality design concepts and innovative building designs. As well as property development, GuocoLand is engaged in investment and property management services in Singapore, Malaysia and China.
It was subsequently renamed GuocoLand Limited in October 1984. The Group has expanded its core business of property development since its initial listing in 1983 to include hospitality, investment holdings, and asset management.
GuocoLand Limited, which was incorporated in Singapore as Sealion Hotels Pte Ltd on 31 March 1976, was renamed GuocoLand Limited in October 1984. Since its initial listing in 1983, the Group has diversified from its core business of property development, and now includes hospitality, investment holdings, and asset management.
With a strong track record of more than 40 years of experience, the Group has built a portfolio of renowned projects across Singapore, China, Malaysia, and Vietnam.
GuocoLand is a prominent real estate group that has a long history of over 40 years in the industry. The firm is driven by its twin engines of growth in Property Investment and Property Development, and has a portfolio of well-known projects in Singapore, China, Malaysia, and Vietnam. The Group has established an impressive reputation and is committed to offering quality services for clients.
The Singapore Exchange Securities Trading Limited (“SGX-ST”) recently assessed 489 companies listed on the exchange in the Singapore Governance and Transparency Index 2022. The Company was ranked 49th in this evaluation.
GuocoLand’s operations encompass residential sales, commercial sales, hospitality and leisure.
Today GuocoLand stands as one of the prominent property companies listed on the Singapore Exchange Securities Trading Limited’s Main Board. As of 30 June 2023, the Group’s total assets amount to $12.01 billion with total attributable equity to ordinary equity holders of $4.27 billion. Besides residential and commercial sales, the Group’s operations include ventures in hospitality and leisure.
GGL currently owns and manages a diversified portfolio of investments, including commercial and residential properties, hotel and hospitality businesses, as well as leisure, entertainment, and hospitality investments.
GGL is a publicly-listed company on The Stock Exchange of Hong Kong Limited and is a part of the esteemed Hong Leong Group. It manages a diverse portfolio of investments, ranging from commercial and residential properties, to hotel and hospitality businesses, and even Lentor Mansion leisure, entertainment, and hospitality investments.
On 18 November 2002, GuocoLand Limited took on its present name to accurately represent its primary business activity of property development. This shift in identity was in line with its parent company, Guoco Group Limited, a publicly listed organization on The Stock Exchange of Hong Kong Limited.
The value of the Group’s real estate investments stood at $6.20 billion as of June 30th, 2023. These holdings are mainly located in Singapore, China and Malaysia, with notable examples including Guoco Tower and Guoco Midtown, located in Singapore, Guoco Changfeng City located in Shanghai and Damansara City in Kuala Lumpur.
The Board of Directors (the “Board”) of the Company is therefore dedicated to establishing and maintaining corporate governance practices and procedures which are in accordance with the best practices recommended by the Monetary Authority of Singapore (the “MAS”) for listed issuers.
GuocoLand Limited (the “Company”) is committed to upholding the highest standards of corporate governance and upholding a robust and sound corporate culture to ensure the long-term success of the Company and to increase the value of its shareholders. In this regard, the Board of Directors (the “Board”) of the Company has established and adopted corporate governance practices and procedures that are in line with the best practices recommended by the Monetary Authority of Singapore (the “MAS”) for listed companies.