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China’s housing market is also expected to remain resilient in 2021 while Malaysia’s residential property market continues to struggle due to a large overhang of completed properties. “Even as the Covid-19 pandemic continues to cast a shadow on our business, we remain focused on delivering our current pipeline of residential and integrated developments and boosting sales. We will also proactively manage our investment properties to optimise operational efficiency,” says Guocoland group president and CEO Raymond Choong. “Despite the headwinds, we remain in a strong position to deploy our balance sheet towards strategic land acquisition opportunities. We will continue to leverage on our real estate expertise to develop properties that support future work and lifestyle trends while building our portfolio of recurring income for sustainable growth,” Choong adds. Shares in Guocoland closed 2 cents lower or 1.3% down at $1.56 on Feb 4.