F17.SI - GuocoLand Limited
| Previous close | 1.5600 |
| Open | 1.5500 |
| Bid | 1.5600 x 0 |
| Ask | 1.5700 x 0 |
| Day's range | 1.5500 - 1.5700 |
| 52-week range | 1.5000 - 1.8100 |
| Volume | |
| Avg. volume | 62,321 |
| Market cap | 1.858B |
| Beta (5Y monthly) | 0.47 |
| PE ratio (TTM) | 4.49 |
| EPS (TTM) | 0.3500 |
| Earnings date | 19 Jan 2023 |
| Forward dividend & yield | 0.06 (3.82%) |
| Ex-dividend date | 25 Oct 2022 |
| 1y target est | N/A |
EdgePropGuocoLand-Hong Leong Holdings JV awarded Lentor Gardens GLS site
Location plan for the Lentor Gardens site (Picture: URA)SINGAPORE (EDGEPROP) - GuocoLand and Intrepid Investments (a wholly-owned subsidiary of Hong Leong Holdings), have been awarded the Lentor Gardens Government Land Sale (GLS) parcel. The tender for the 235,371 sq ft residential site closed on April 4, with the joint venture submitting the sole bid of $486.8 million, or $985 psf per plot ratio (psf ppr).Read also: GuocoLand-Hong Leong Holdings JV emerge as sole bidder for Lentor Gardens GLS s
EdgePropLentor Central GLS site launched for sale; Lentor Gardens site released
Location plan for the Lentor Central site (Picture: URA)SINGAPORE (EDGEPROP) - A residential Government Land Sale (GLS) site at Lentor Central has been launched for sale via tender, according to a media release by URA on April 12. The site is under the Confirmed List for the 1H2023 GLS Programme. URA also released a residential site at Lentor Gardens, which is available for application under the Reserve List. Both sites have a leasehold tenure of 99 years.The Lentor Central site measures 14,703.
EdgeProp[UPDATE] GuocoLand-Hong Leong Holdings JV emerge as sole bidder for Lentor Gardens GLS site at $985 psf ppr
Location plan for the Lentor Gardens site (Picture: URA)SINGAPORE (EDGEPROP) - The tender for a residential government land sale (GLS) site at Lentor Gardens closed today. The 99-year leasehold site drew just one bid from GuocoLand and Intrepid Investments (a subsidiary of Hong Leong Group). The joint venture partners submitted a bid of $486.8 million, which translates to a land rate of $985 psf per plot ratio (psf ppr).“For the Lentor Gardens site, we are envisioning a new high-end residential
EdgePropGuoco Midtown’s office tower obtains TOP, achieves 80% take-up rate
The 30-storey Grade A office tower at Guoco Midtown will inject more than 709,000 sq ft of office space in the Beach Road area. (Picture: GuocoLand)SINGAPORE (EDGEPROP) - GuocoLand’s Guoco Midtown, the integrated development along Beach Road, has received its temporary occupation permit (TOP). This milestone in the construction process signals that the 30-storey Grade A office tower is close to completion.Read also: GuocoLand reports 1HFY2023 earnings of $59 millionThe entire Guoco Midtown proje
EdgePropGuocoLand reports 1HFY2023 earnings of $59 million
GuocoLand's able to achieve positive rental reversions at Guoco Tower, further adding to its recurring income stream (Picture: GuocoLand)SINGAPORE (EDGEPROP) - GuocoLand has reported a 46% y-o-y increase in revenue for 1HFY2023 ended Dec 2022, thanks to higher across the board contributions from its development, investment and hotel businesses.Read also: GuocoLand promotes Valerie Wong to managing directorEarnings for the same period was down 12% y-o-y to $59 million. If the one-off disposal gai
EdgePropGuocoLand promotes Valerie Wong to managing director
Valerie Wong, new managing director, asset management, at GuocoLand (Photo: GuocoLand)SINGAPORE (EDGEPROP) - GuocoLand Limited announced the promotion of Valerie Wong to managing director of asset management, with effect from January 1, 2023. Wong will oversee the Group’s strategy to further expand its property asset management business.Read also: GuocoLand appoints Peter Lee as new country managing director for China portfolioWith more than 28 years of experience in asset management, Wong was i
EdgePropProjects that are set to premiere in 2023
SINGAPORE (EDGEPROP) - The first 11 months of 2022 saw 6,981 new homes sold, based on URA data as of Dec 15. Most consultants are projecting new home sales to end the year in the range of 7,250 to 7,500 units. “It’s at the lower end of our forecast of 7,500 to 8,000 units sold for 2022,” says Ismail Gafoor, CEO of PropNex.Compared to the 13,027 new homes sold in 2021, it represents a 42% to 44% y-o-y contraction in private home sales volume.The tally of new launches in 2022 is 17 private residen
EdgePropSports car brand Porsche to open Singapore studio in 1H2023 at Guoco Midtown
Porsche Studio Singapore aims to be a premiere brand destination (Photo: Porsche Singapore)SINGAPORE (EDGEPROP) - Porsche Singapore, the new venture formed by Eurokars Group and Porsche Asia Pacific, announced a new partnership with leading real estate developer GuocoLand, which will see the upcoming Porsche Studio Singapore opening at Guoco Midtown in 1H2023.Read also: GuocoLand aims to uplift neighbourhoods through its projectsDeveloped by GuocoLand, Guoco Midtown is an integrated mixed-use de
EdgePropGuocoLand aims to uplift neighbourhoods through its projects
Cheng Hsing Yao, CEO of the group, GuocoLand, receiving the Top Developer award from Bernard Tong, CEO of EdgeProp Singapore (Photo: Albert Chua/EdgeProp Singapore)EDGEPROP (SINGAPORE) - The 30-storey towers of Martin Modern stand out like a beacon against the skyline in prime District 9. Developed by GuocoLand, the 450-unit Martin Modern has been winning accoladesfrom the moment it was launched five years ago. In 2018, Martin Modern walked away with four awards at the EdgeProp Excellence Awards
EdgePropMartin Modern impresses with bold design and verdant landscapes
Dora Chng, general manager, residential, GuocoLand, receiving the Top Development award for Martin Modern from Simon Wong, managing director of Geberit (Picture: Albert Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - Located just a stone’s throw away from Robertson Quay in prime District 9, Martin Modern, GuocoLand’s 450-unit luxury condominium along Martin Place, received its temporary occupation permit last year.The two 30-storey, high-rise towers that make up the 99-year leasehold development
EdgePropADDP’s Tang Kok Thye: Rethinking condo design, post-Covid-19
Tang: It is important to accommodate to homeowners’ changing needs in designing projects (Picture: Samuel Isaac Chua/The Edge Singapore)SINGAPORE (EDGEPROP) - Over its 36-year history, ADDP Architects has amassed an extensive track record, working with different developers across many condominium projects — including three of the most notable launches this year, starting with Piccadilly Grand, the 407-unit development by City Developments and MCL Land in Farrer Park. Launched in early May, the p
Reuters SGUPDATE 5-Singapore tightens housing loan limits as rates rise
Singapore has unveiled a package of measures for the property market, including tightening lending limits for housing loans in response to a rise in interest rates, as well as new steps to moderate demand. The move would ensure "prudent borrowing" and "avoid future difficulties" in servicing home loans, said Singapore's central bank, the Ministry of National Development and the Housing & Development Board in a joint statement late on Thursday. The measures - including lowering the amount of government loans available to buy public housing by 5 percentage points - were announced late on Thursday and came into effect from Friday.
EdgePropGuocoLand sells 84% of units at Lentor Modern on launch day
The model of the 605-unit Lentor Modern across three 25-storey residential blocks (Photo: Samuel Isaac Chua/EdgeProp Singapore)SINGAPORE (EDGEPROP) - Singapore-listed property group GuocoLand announced that it sold 508 out of a total of 605 at Lentor Modern on the first day of the project’s launch on Sept 17. The sales translates to a take-up rate of 84%.According to GuocoLand, Singaporeans made up 92% of the total buyers, with permanent residents and foreigners accounting for the remaining 8%.
EdgePropGuocoLand to set new benchmark with launch of Lentor Modern, ‘the only integrated development’ in Lentor area
Lentor Modern has three 25-storey towers, a 96,000 sq ft retail mall and is linked underground to the Lentor MRT station (Photo: Samuel Isaac Chua/EdgeProp Singapore)SINGAPORE (EDGEPROP) - GuocoLand’s Lentor Modern, the first project and the only integrated development in the up-and-coming Lentor Hills estate, will preview on Sept 2. The development will have 605 residential units across three 25-storey residential towers as well as a retail mall. The entire development will be linked undergroun
EdgePropLentor Modern to open for preview on Sept 2, prices to start from $1,880 psf
SINGAPORE (EDGEPROP) - Lentor Modern, GuocoLand’s integrated development in the Lentor precinct, will open for preview on Sept 2. According to the developer, it is the first private residential condominium launch in the Lentor neighbourhood in over two decades, as well as the only integrated mixed-use development in the area.Read also: GuocoLand sees FY2022 earnings more than double to $392.7 mil on higher net fair value gainAs such, Lentor Modern is targeted to transform the neighbourhood. “We
EdgePropGuocoLand sees FY2022 earnings more than double to $392.7 mil on higher net fair value gain
GuocoLand's Guoco Tower. Picture: GuocoLandSINGAPORE (EDGEPROP) - GuocoLand Limited has reported earnings of $392.7 million for the FY2022 ended June, over 2.3 times higher than the $169.1 million reported in the year before.For the 2HFY2022, earnings surged over 2.2 times to $325.2 million from $146.2 million in the 2HFY2021.The earnings surge for the FY2022 was mainly due to the 155% y-o-y increase in other income of $354.6 million, which stemmed from the higher value gain from the group’s inv
EdgePropWhy integrated developments command a price premium
SINGAPORE (EDGEPROP) - More people are willing to pay a premium for mixed-use developments integrated with an MRT station. What is the appeal of integrated developments? According to Alice Tan, head of consultancy at Knight Frank Singapore, an integrated development is a mixed-use development with a residential component and significant commercial component, seamlessly connected to a transport node and public spaces.“Generally, when integrated developments are launched, developers will build a 2
EdgePropLentor Modern — the only integrated development in Lentor
Artist's impression of the 605-unit Lentor Modern (Picture: GuocoLand) SINGAPORE (EDGEPROP) - When the government announced the release of a large tranche of development land under the 1H2021 Government Land Sales (GLS) programme, the list of confirmed sites included a 185,932 sq ft plot beside Lentor MRT Station.At the time, the government had already signalled its intention to enhance the overall liveability of the Lentor neighbourhood and to increase the housing supply in that area. Its urban
EdgePropHeartland living in Lentor — where the familiar meets the future
The upcoming Lentor Hills Estate will see the launch of the Lentor Modern integrated development, which will be the anchor for the other residential development projects to follow (Photo: Samuel Isaac Chua/EdgeProp Singapore)SINGAPORE (EDGEPROP) - Nestled in a tranquil corner of the Ang Mo Kio Planning Area, the locale commonly referred to as the Lentor neighbourhood was marked out as a developing residential town in the 2019 Master Plan.Read also: AMO Residence to open for preview on July 9; pr
EdgePropMore willing to pay for connectivity and convenience: Survey
Lentor Modern, the next eagerly anticipated integrated mixed-use development. (Picture: GuocoLand)Key findings from the surveyThe majority of people surveyed are willing to increase their housing budget for a home with good connectivity and convenience. This was one of the main findings from the recently concluded EdgeProp survey on this increasingly relevant subject. The result is not surprising, given the rising cost of car ownership with recent COE (Certificate of Entitlement) exceeding $100,
EdgePropGuocoLand launches Sky-Bungalow Collection at Midtown Modern with prices from $15.5 mil
The Sky-Bungalow Collection at Midtown Modern features six duplex residences, each measuring 3,616 sq ft (Picture: GuocoLand)SINGAPORE (EDGEPROP) - Mainboard-listed developer GuocoLand has unveiled a new collection of duplex residences at luxury development Midtown Modern. Dubbed the Sky-Bungalow Collection, there are six units available, including a penthouse unit located on levels 29 and 30 of the South Tower.Read also: Wallich Residence at Guoco Tower wins FIABCI World Prix d’Excellence Award
EdgePropWallich Residence at Guoco Tower wins FIABCI World Prix d’Excellence Award
Wallich Residence is located in integrated development Guoco Tower (Photo: GuocoLand)SINGAPORE (EDGEPROP) - GuocoLand’s ultra-luxury residences Wallich Residence was named World Silver Winner in the Residential (High Rise) category at the 2022 FIABCI World Prix d’Excellence Awards. The award marks GuocoLand’s fourth win at the annual awards event. FIABCI is the French acronym for the International Real Estate Federation, which recognises excellence in real estate worldwide.See also: GuocoLand ap