GuocoLand Limited

GuocoLand Limited

GuocoLand Limited is a highly-acclaimed developer with developments depicting high quality and innovative designs and modern concepts. GuocoLand is a member of the Hong Leong Group with its main office based in Singapore. Nevertheless, even if the company’s headquarters is in Singapore, it has penetrated other countries, such as China, Vietnam, and Malaysia, as well.

History

GuocoLand was incorporated in Singapore on March 31, 1976. In September 30,1978, the incorporation was converted into a public company with its shares included on the SGX-ST. Its principal asset back then was the Hyatt Regency in Singapore but the company sold it and since then, GuocoLand has become an investment company with operating name First Capital Corporation, Ltd.

It was the late 90s when the company ventured into the development and investment business and pioneered the 99-year leasehold developments in Singapore.

It was on November 18, 2002 that the company made GuocoLand Limited its operational name to make in line to its Hong Kong-based parent company, Guoco Group Limited.

Accomplishments

Being a major property developer in Singapore, GuocoLand has made a rather wide land bank with high quality developments that are located in choice districts in the country. For instance, GuocoLand developments include the Goodwood residences along the orchard-Scotts area, the Leedon residences, which is located next to the Leedon Park Good Class Bungalows; the Sophia Residences at Mount Sophia, and many others.

GuocoLand ensures to hire only the most highly-acclaimed architects and designers to guarantee sophisticated, modern buildings that are not lacking in taste. Still,the company does not overlook the importance of environmental sustainability. Therefore, despite its aim to keep up with the times, it still makes sure that the buildings they develop are friendly to the environment as possible. Because of its commitment to environmental sustainability, the company has won several Green Mark Awards from the Building and Construction Authority for projects like the Goodwood Residences, Leedon Residences, Sophia Residences, The Waterline, The Quartz, and Elliot at the East Coast.

One of GuocoLand’s most recent projects include the acquisition of a land parcel costing S$1.71 billion. The land parcel is located within the CBD or Central Business District and is within near proximity to the Tanjong Pagar MRT Station. The company proposed the site to become a development with mixed units and many are anticipating the initiation of this 1.5-hectare project.

Social Responsibilities

Apart from being a highly-acclaimed and reputable development company, GuocoLand also maintained its humble relationship with the rest of the community. The company always make sure to reach out, especially to the less fortunate, and keeps on conducting fund-raising events that might help those who are in need.

In October 2007, for instance, GuocoLand Singapore conducted the SGX Bull Run, the record-breaking event that raised $3.5 million that is donated to 14 charities all over Singapore. In April 2009, in addition, the same Singapore office participated in a fund-raising dragon boat event. Many other charities are supported by GuocoLand and the company has since then helped thousands of less fortunate, most of them children.