GuocoLand

The site is can be used to build around 400 residential units

GuocoLand’s approach to tenant leasing ensures diversification across industries and business sizes.

GuocoLand has helped transform the Beach Road and Bugis area

On Aug 7, the group submitted a tender with Intrepid and Hong Realty for a land parcel at Margaret Drive, which was accepted at a bid price of $497 million.

"We have the best of both worlds: investment assets that provide us with a stable income base while we develop and sell residential properties that bring in higher profit", says GuocoLand's Cheng.

The potential conversion into a “stapled security” could be a significant share price catalyst.

GuocoLand’s board has proposed a first and final one-tier tax exempt ordinary dividend of 6 cents per share, unchanged y-o-y.

The Green Mark Platinum-certified Guoco Midtown will achieve more than 55% in energy savings, among other standards.

Guocoland trades at just half its book value

This stake was carried on GuocoLand's books at $50 million