Guocoland limited was incorporated in Singapore on 31 March 1976. On September 1978 it was converted to a public company and its shares listed on Singapore stock exchange. It became an investment holding company which operated under First Capital Corporation Limited. In late 1990, the group ventured into property investment, hotel operations, property development, and property management. Its portfolio comprises of retail, residential, commercial, hospitality and integrated developments. It was the pioneer of 99-year leasehold condos in Singapore. Over 35 residential developments yielding more than 10,000 homes have been developed and sold by the group. Among them are the 5-star business hotel Sofitel Singapore City Centre, Tanjong Pagar Centre, luxurious apartments at Wallich Residence, a dynamic lifestyle and F&B retail space, and a landscaped urban park.
Guocoland Real Estate Developer
The key senior management include:
Mr. Raymond Choong who is the group president and chief executive officer. He has over 30 years of experience in banking holding various senior positions.
Mr. Michael Lim, group chief financial officer who joined in August 2018. He is in charge of financial operations, investor operations, and financial analysis.
Ms. Mary Goh is a group secretary with more than two decades of corporate secretarial experience.
Mr. Cheng Hsing Yao is the director of Eco World International Berhad and Managing Director of Guocoland Singapore.
Mr. Hoon Tect Ming is the country head director of Guocoland China.
Mr. Datuk Edmund Kong is the managing director of Guocoland Malaysia.
Guocoland Expanding in the Region
Besides Singapore, the group has ventured in China, Malaysia, United Kingdom, Australia, and Asia. In 2004 the group entered Malaysia through the acquisition of the major stake in Guocoland Berhad. In September 2006 the group was awarded the tender of fully developing a 17.5-hectare site in Binh Duong Province. It marked a significant milestone in its expansion in 2017 by partnering with Eco World Development Group Berhad. This allowed four development projects in Sydney and London.
Awards Won by Guocoland
Guocoland has been honored with numerous awards both internationally and locally. The awards include Construction Authority Green Mark Awards, environmental sustainability awards in Energy and Environmental Design Pre-Certification, FIABCI Property Awards, South East Asia Property Awards, and BCI Asia Awards. Today, it’s one of the major companies listed in Singapore Exchange Securities Trading Limited with a revenue of around S$ 1.16 billion. As of 30 June 2015, the group had total assets of S9.51 billion dollars. The mission of the group is to conduct business with high standards of integrity and corporate governance. In line with this commitment, it has adapted to provide avenues for employees.