GuocoLand

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Request for Trading Halt : Pending release of an announcement.

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GuocoLand Secures Rare Prime Commercial Site in Beach Road Singapore

GuocoLand Limited (“GuocoLand” or the “Company”) announced that the Company’s wholly-owned subsidiary, GuocoLand (Singapore) Pte. Ltd., and GuocoLand Assets Pte. Ltd. which is the Company’s immediate holding company and a wholly-owned subsidiary of Guoco Group Limited, hold 70% and 30% respectively in each of GLL Prosper Pte. Ltd. (“GLL Prosper”) and GLL Thrive Pte. Ltd. (“GLL Thrive”).

GLL Prosper and GLL Thrive have today been awarded the tender for the site at Beach Road (“Land Parcel”), by the Urban Redevelopment Authority of Singapore. The 99-year leasehold Land Parcel is a sizable and attractive plot of land with a gross plot ratio of 4.2. Comprising a land area of 21,026.9 square metres, the Land Parcel will be developed into an integrated mixed-use development.

Based on the acquisition consideration of the Land Parcel of S$1,622 million and the related expenses and costs, GuocoLand Group’s initial investment of its 70% shareholding is approximately S$1,170 million which is/will be contributed to the aforesaid joint venture in the form of equity participation and loans, which will be financed by internal resources and bank borrowings.

The site is a sizeable land plot with a maximum permissible gross floor area of 88,313 sqm. Situated amidst the established Bras Basah, Bugis, Marina Centre enclaves and the Civic District, the attractive site is surrounded by many Grade A offices, distinctive hotels, signature F&B outlets, private hospitals and MICE facilities.

More details in :
1. http://infopub.sgx.com/FileOpen/SGXNet-A...eID=472889
2. http://infopub.sgx.com/FileOpen/Media%20...eID=472890

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Singapore Residential Site Sells to Billionaire Quek for S$980 Million

By Klaus Wille
March 19, 2018, 11:27 AM GMT+8

Billionaire Quek Leng Chan’s GuocoLand Ltd. and its joint venture partners are buying Pacific Mansion near Singapore’s business district for S$980 million ($743 million), the biggest purchase of a residential site for redevelopment in more than a decade.

The price is also the highest in the current so-called en-bloc cycle, and only surpassed by the S$1.3 billion sale of Farrer Court, according to CBRE, which brokered the transaction. The price for the 290-unit development works out to $1,987 per square foot, based on the amount of space the the buyer is able to rebuild.

The transaction signals demand from developers for older residential sites for redevelopment even as Singapore increased the buyer’s tax on homes exceeding S$1 million last month. Collective apartment sales for redevelopment in the first two months of 2018 totaled more than S$3.1 billion, almost double the S$1.66 billion seen in same period during the last en-bloc market peak in 2007, Nomura analyst Min Chow Sai wrote in a note dated Feb. 19.

More details in https://www.bloomberg.com/news/articles/...80-million

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Enbloc Acquisition of Casa Meyfort Condominium, Singapore

GuocoLand Limited announced that its indirect wholly-owned subsidiary, First Meyer Development Pte Ltd, has successfully tendered for the enbloc acquisition of the development known as Casa Meyfort Condominium and exercised its option to purchase at a purchase consideration of S$319.88 million.

Details of the Property are as follows:
(a) Address : 79 Meyer Road, Casa Meyfort, Singapore 437906
(b) Tenure : Freehold
© Land Area : 7,919.9 sqm (85,249 sqf)
(d) Maximum Gross Floor Area : 22,175.72 sqm (238,697 sqf)
(e) Plot Ratio : 2.8
(f) Allowable Development : Residential

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Guoco Midtown Set to be a Game changer in Beach Road

GuocoLand Limited ("GuocoLand") today unveiled the concept and design of Guoco Midtown. The approximately 950,600 square feet ("sq ft") mixed-use development will be a game changer on multiple fronts. It will rejuvenate the Beach Road district, redefine public spaces and enhance street life, introduce a new experience of working in Grade A offices and a new concept of luxury city living.

More details in https://links.sgx.com/FileOpen/PR_Guoco%...eID=554997

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GuocoLand launches Meyer Mansion, a freehold holiday mansion with a view to behold

GuocoLand Limited (“GuocoLand”) announced today the concept and design of Meyer Mansion. The sales gallery will open on 7 September 2019 for preview, and the development will launch for sale on 13 September 2019. The 25-storey residential tower comprises 200 units – offering a range of 1-bedroom to 4-bedroom premium units, with sizes spanning 484 square feet (“sq ft”) to 2,142 sq ft. The freehold seafront development of approximately 85,200 sq ft is targeted for completion in 2024.

Meyer Mansion will be the latest edition of GuocoLand’s collection of luxury residential properties in prime districts, following such highly regarded and successful projects like Goodwood Residence, Leedon Residence, Wallich Residence and Martin Modern. While all projects carry the signature features of GuocoLand luxury properties, each is also conceptualised and crafted according to each site’s unique character.

A Prime Address, A Rare Freehold Opportunity
The esteemed name of Meyer Road carries the prestige of a prime seafront residential district, where many affluent businessmen once built their holiday mansions along the coast in the 1800s. Today, the Meyer Road address represents the most prime and coveted estate in the East Coast of Singapore. New projects here are extremely rare.

More details in https://links.sgx.com/FileOpen/Meyer%20M...eID=577319

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Joint Venture with Interested Persons in Relation to the Land Parcel at Tan Quee Lan Street

GuocoLand Limited ("GuocoLand') announced that its indirect wholly-owned subsidiary, GLL D Pte. Ltd. (“GLL D”), together with Intrepid Investments Pte. Ltd. (“Intrepid”) and Hong Realty (Private) Limited (“HR”), have today been awarded the tender for the land parcel at Tan Quee Lan Street by the Urban Redevelopment Authority of Singapore, for the bid price of S$800,190,000.

Details of the Property are as follows:
(a) Address : Tan Quee Lan Street
(b) Tenure : 99 years
© Site Area : 11,530.8 sqm
(d) Land Use Zoning : Residential with Commercial at 1st Storey

The Property is a prime site in District 7 that can be developed into a luxury condominium with commercial at the first storey. It is next to the Bugis MRT interchange station which offers 2 different lines, namely the East-West Line and the Downtown Line. The underground pedestrian links allow the Property to be well connected to nearby shopping mall and GuocoLand’s new project, Guoco Midtown located along Beach Road. The Property is also in close proximity to the Raffles Hospital as well as educational institutions such as the Singapore Management University and LaSalle College of The Arts.

The interest holdings of GLL D, Intrepid and HR in the Property are 60%, 30% and 10% respectively.

More details in https://links.sgx.com/FileOpen/Ann-JV%20...eID=578276

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GuocoLand breaks ground for Chongqing 18 Steps project
* GuocoLand’s first project in Chongqing and largest mixed-use development in China

GuocoLand Limited ("GuocoLand") has broken ground today for the first phase of its large-scale mixed-use development, Chongqing 18 Steps project, located in the Yuzhong District of Chongqing, China. Jointly invested with Hong Leong Holdings (China) Pte. Ltd., the Chongqing 18 Steps project comprises residential and commercial components with a total gross floor area (“GFA”) of approximately 341, 000 square metres (“sqm”). GuocoLand owns a 75% equity stake in the development while Hong Leong Holdings (China) Pte. Ltd. owns the remaining 25%. The total development cost of the project is expected to be about RMB 7.5 billion, including land cost.

The groundbreaking ceremony of Chongqing 18 Steps project was graced by Mr Huang Yulin, Chongqing Yuzhong District Committee Secretary. Also present were officials from the Yuzhong District government, GuocoLand’s Board of Directors, as well as GuocoLand senior management.

More details in https://links.sgx.com/FileOpen/CQ%20PR%2...eID=579468

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The mixed-use master development will comprise a 30-storey office tower with 770,000 sq ft of premium Grade A office space, three concept retail clusters, two condominiums – Midtown Bay and Midtown Modern – with more than 700 luxury apartments, and a fivestorey Network Hub building, which is a first-of-its-kind purpose-built business and social networking club. The development is also built around biophilia and emphasises wellness, and will come with around 3.8 ha (or the equivalent of five soccer fields) of landscape areas in the form of more than 20 concept gardens and public spaces. It is the largest development in the CBD currently under development.

Mr Cheng Hsing Yao, Group Managing Director of GuocoLand Singapore, said: “Guoco Midtown was conceived with a vision of how people will work, live and play in the future. Part of that future has arrived much sooner. Guoco Midtown will serve as a demonstration of how cities of the future can be liveable and sustainable while engaging its occupants and the community.”

https://links.sgx.com/FileOpen/SGX-Media...eID=628568

Stay home and stay healthy, everyone.

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2H2020 Result as at 30 Jun 2020
Rev $369m (vs 616m)
GP  $121m (vs 201m)
NP   $20m (vs 250m)

FY2020 Result as at 30 Jun 2020
Rev $941m (vs 926m)
GP  $300m (vs 295m)
NP   $90m (vs 287m)
Div  6cts (vs 7)

The Group is paying close attention to the COVID-19 situation and its impact on the Group’s property development and investment activities. Construction of the Group’s ongoing development projects in Singapore, China and Malaysia have resumed. We will proactively manage our business to build a resilient and sustainable business for the long term. This includes provision of a safe business and work environment for our clients, business partners and employees, greater use of technology to ensure business continuity and diversification of our supply chains. Additional measures adopted include active containment of costs, management of cashflow, further streamlining of processes and reconfiguring our sales and marketing approach.
https://links.sgx.com/FileOpen/SGX-Jun20...eID=629034

Stay home and stay safe, everyone