The Business Times
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HOCK LOCK SIEW

GuocoLand should shrink its geographical footprint and focus purely on Singapore

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Leslie Yee

Leslie Yee

Published Wed, Oct 25, 2023 · 05:00 AM
    • GuocoLand is a leading developer in Singapore whose projects include Guoco Tower located along Wallich Street.
    • GuocoLand is a leading developer in Singapore whose projects include Guoco Tower located along Wallich Street. PHOTO: ST FILE

    GUOCOLAND has built a substantial footprint overseas, but with very little return to show for it. At the company’s upcoming annual general meeting on Friday (Oct 27), shareholders may want to push the company on its strategy overseas.

    Unless the company can come up with a way to improve the profitability of its overseas operations, it may be better off focusing on Singapore.

    Undoubtedly, the Singapore property market has waned in attractiveness over the years.

    GuocolandSingapore propertyProperty developersHock Lock Siew

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