DBS, 14 April 2026
Excerpt from DBS report.

Report Summary

• Stock Focus: GuocoLand Ltd (GUOL_SP_Equity)
• Action: BUY (Maintain)
• Target Price: SGD 3.30
• Key Highlights:
  • DBS maintains a BUY call on GuocoLand with a target price of SGD 3.30, representing a 35% discount to RNAV.
  • Main catalyst: Launch of Tengah Garden Residences, the first private condominium in Tengah, with competitive pricing, direct MRT connectivity, and a first-mover advantage.
  • Healthy take-up rate is expected at launch (25 April), with an estimated uplift of 6 Scts or 2% to GuocoLand’s RNAV.
  • Indicative unit prices: SGD 980,000 (1-bedroom), SGD 1.11mn (2-bedroom), SGD 1.588mn (3-bedroom), SGD 2.288mn (4-bedroom).
  • GuocoLand is expected to actively replenish its landbank this year, with one remaining site in Lentor.
  • Key investment idea: GuocoLand’s track record in new residential precincts and the strategic attributes of Tengah Garden Residences position the company for strong sales and earnings uplift.

above is an excerpt from a report by DBS. Clients of DBS can be the first to access the full report from the DBS website : https://www.dbs.com