GuocoLand opts for innovation

That's how it aims to overcome lack of legacy land; it's also keeping an eye on future trends, says CEO Cheng Hsing Yao.

Kalpana Rashiwala

Published Mon, Sep 20, 2021 · 05:50 AM

Topline

Singapore

FOR Singapore developers without a legacy landbank, the concept of buying land at a low price and selling the project on it at a high price is no longer relevant given the surfeit of liquidity fuelling competition for land.

In the absence of cheap land, the way for a real estate company to create value is through innovation and development of future-relevant products, says Cheng Hsing Yao, chief executive officer of GuocoLand.