GuocoLand Group

The Lentor Central land parcel has a 99-year tenure and is zoned for residential use.

The JV plans to build a residential development of about 530 units. It is expected to be ready for launch in 2H2024.

The integrated mixed development’s office portion spans some 709,000 sq ft over 30 storeys.

There will not be a reset of the distribution rate of the securities on Jan 23, 2023, which will remain at 4.60% p.a.

Shares in GuocoLand closed 2 cents higher or 1.35% up at $1.50 on Jan 26.

A deep and liquid capital market could narrow the discount between stock price and net asset value

The transaction is not expected to have any material impact on the consolidated NTA and EPS of the GuocoLand Group.

SINGAPORE (Nov 26): GuocoLand Group has named its upcoming Beach Road development Guoco Midtown, and says it will be positioned to “provide a new epicenter for this side of Singapore’s central business district (CBD)”.

SINGAPORE (Mar 19): Subsidiaries of GuocoLand and the Hong Leong Group have submitted the winning bid of $980 mil to acquire Pacific Mansion.

SINGAPORE (July 24): GuocoLand Group says its development, Martin Modern, which was launched last weekend, saw "overwhelming interest" from buyers.