Speak about local property firms and the likes of Capitaland Limited, City Development Limited, and Frasers Property Limited come to mind. These are major real estate players which own many prominent shopping malls and office buildings scattered across town.
There are other lesser-known but equally established property companies in Singapore worth looking at as well. GuocoLand Limited (SGX: F17) is one such company.
We will take a closer look at GuocoLand’s business profile, earnings, balance sheet strength, and growth prospects in this article.
Business Overview
GuocoLand has been listed on Singapore Exchange since 1978. Its principal business activities are developing properties for sale, holding real estate as investment properties, operating hotels, and managing real estate assets. The group’s portfolio comprises residential, hospitality, retail, and integrated developments worth $10 billion across Singapore, Malaysia, China, and Vietnam.
In Singapore, GuocoLand owns Guoco Tower, a major integrated development that is also Singapore’s tallest building. Guoco Tower recently made
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