The Business Times
business-time-50
THE STRATEGY ROOM

GuocoLand CEO has his sights set on creating a multi-platform real estate company

google-preferred-sourceAdd BT as a preferred source
Nisha Ramchandani

Nisha Ramchandani

Published Mon, Jul 25, 2022 · 05:50 AM
    • GuocoLand chief executive Cheng Hsing Yao says the group is keen to beef up its investment portfolio, which will set the stage for the growth of its asset management business.
    • GuocoLand chief executive Cheng Hsing Yao says the group is keen to beef up its investment portfolio, which will set the stage for the growth of its asset management business. KUA CHEE SIONG, ST

    WHILE GuocoLand might be best known as a developer, chief executive Cheng Hsing Yao harbours ambitions to create a premium real estate brand in Asia as GuocoLand builds up its end-to-end capabilities.

    Cheng, who assumed the role of CEO in July last year, told The Business Times in a recent interview: “To do so, we will continue to build on our end-to-end capabilities to create a multi-platform real estate company. End-to-end means from land acquisition and conceptualisation, to the development and management of our assets.”

    Over the years, GuocoLand has evolved and today, its investment assets account for more than half of its total assets - making them an important contributor to the top and bottom line.

    The Strategy RoomGuocolandSingapore property

    TRENDING NOW

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    Singapore continues to be an important market for big luxury houses, such as Hermes and Chanel.

    As luxury retail goes big, can Singapore’s Orchard Road keep up? 

    From left: Acting Minister for Transport Jeffrey Siow, Deputy Prime Minister Gan Kim Yong, and Acting Minister for Culture, Community and Youth David Neo at a press briefing on the Economic Strategy Review's midterm update in January.

    Singapore releases Economic Strategy Review Final Report, with more detailed proposals

    Altitude Xperience argued that the rooftop space in contention was not considered an unused space.

    Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More