Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
27-10-2016, 09:05 AM.
Post: #21
RE: GuocoLand
Request for Trading Halt : Pending release of an announcement.
Specuvestor: Asset - Business - Structure.
Website Find Reply
04-10-2017, 12:46 AM.
Post: #22
RE: GuocoLand
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 :
Specuvestor: Asset - Business - Structure.
Website Find Reply
19-03-2018, 07:02 PM.
Post: #23
RE: GuocoLand
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
Specuvestor: Asset - Business - Structure.
Website Find Reply
10-07-2018, 11:20 PM.
Post: #24
RE: GuocoLand
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
Specuvestor: Asset - Business - Structure.
Website Find Reply

Forum Jump:

Users browsing this thread: 1 Guest(s) | Return to Top | Lite (Archive) Mode | RSS Syndication | CONTACT US: | | Share Buy-Back | Disclosure of Interest