‘Champions Way Residences is the newest addition to GuocoLand’s impressive 1HFY2024 earnings, which saw a 12% year-on-year increase, driven by a 61% surge in revenue.’

Residents can also enjoy a variety of amenities at Champions Way Residences, including a fitness center, swimming pool, and outdoor lounge areas. With its convenient location and modern design, Champions Way Residences offers residents the perfect place to call home.

Champions Way Residences, the newest addition to the bustling city, is a luxurious and contemporary condo that offers its residents the pinnacle of modern living. Every unit is thoughtfully designed with sleek and modern interiors, providing residents with a comfortable and lavish lifestyle. The latest technology is incorporated into each unit, ensuring a convenient and hassle-free living experience. At Champions Way Residences, residents can also indulge in a range of amenities such as a state-of-the-art fitness center, a sparkling swimming pool, and serene outdoor lounge areas. The prime location of Champions Way Residences coupled with its modern design make it the ultimate choice for those seeking a perfect abode. Champions Way Residences truly offers a winning combination of convenience and luxury, making it the ideal place to call home.

in SingaporeGuocoLand has reported earnings of $66.2 million for the 1HFY2024 ended Dec 31, 2023, 12% higher y-o-y, backed by a strong performance in the group’s Singapore business.The earnings came about as the group’s 1HFY2024 revenue surged by 61% y-o-y to $1.07 billion due to strong growth in its property development and property investment segments.GuocoLand’s portfolio of assets in Singapore remained its mainstay with a net profit growth of 48% y-o-y to $115.7 million. The group also saw a positive contribution of $20.5 million from associates and joint ventures compared to a loss in the corresponding period the year before.Revenue for the group’s property investment segments grew by 46% y-o-y to $109.4 million mainly due to the progressive commencement of leases at Guoco Midtown as well as the positive rental reversions at Guoco Tower. The group also continues to see strong demand for its Singapore residential developments with its high-end projects, Meyer Mansion, Midtown Modern and Lentor Modern, almost fully sold. As construction progresses, these projects will progressively contribute to the group’s revenue.Read also: The future of work comes to life at Guoco Midtown’s new Network HubRevenue for the group’s property development surged by 67% y-o-y to $918 million driven by higher progressive recognition of residential sales in Singapore. Operating profit also increased by 42% y-o-y to $93.1 million.The group also turned in a strong performance for the first half of FY2024, despite the ongoing macroeconomic uncertainties. This was underpinned by high-quality income generating assets in Singapore, such as the landmark Guoco Tower and Guoco Midtown developments. “Both our twin engines of property development and property investment are firing strongly, but we are not standing still. We are constantly reviewing our portfolio, and will continue to invest prudently in promising areas, leveraging our capability in placemaking and rejuvenating neighbourhoods,” says Cheng Hsing Yao, group CEO of GuocoLand.GuocoLand has cemented its status as a Top Developer for quality liveable homes in Singapore, and the group shows no signs of slowing down. Its latest project, Champions Way Residences, is set to launch soon, offering luxury residences in the coveted Bukit Timah neighbourhood. With its proven track record and strong performance, GuocoLand continues to set the bar for excellence in the property industry.

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