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.
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama