Sporting the Green Label
In the past decade, we have seen more Singaporean developers committing efforts to creating a sustainably built environment. There is a paradigm shift on green labelling among companies and consumers, from a “good-to-have” to a “must-have”. Green labelling becomes more critical to consumers as they are more aware of the challenges of climate change. The green labelling guides consumers in their purchases because they want to play an active role in protecting the environment.
Over the years, property buyers have an increased affinity to residential homes with green labels. Studies have shown that homebuyers are willing to pay a premium for green homes, as highlighted in our previous article. According to PropertyGuru’s Consumer Sentiment Survey H12020, about 58% of Singaporeans surveyed say they are willing to pay a premium for an environmentally sustainable home. Using data from 2000 to 2010 in Singapore, researchers have found that the premium for green buildings at the resale stage is about 10% in Singapore.. The findings also showed that solar panels (73%), smart cooling features (68%) and water recycling system (36%) are the top three sustainability features that Singaporeans want. Meanwhile, the study found that middle- and high-income Singaporeans have greater interest in rainwater harvesting.
Buyers rely on the Green Mark Certification and energy efficiency standards of buildings to identify green buildings. But as the Green Mark Certification is the minimum standard for most buildings, buyers are likely to seek out properties that go beyond the standards needed in the future. This includes relying more on the green branding and the developer’s consistent commitment to sustainability to guide their purchases.
GuocoLand is one of the leaders in developing sustainable developments in Singapore. The company is committed to sustainable growth and publishes its sustainability report annually to disclose the selected measures of its significant assets in Singapore and China. In recognition of their commitment towards corporate social responsibility and achieving a substantial number of Green Mark Buildings at Gold level or higher, the Building and Construction Authority of Singapore conferred GuocoLand the Green Mark Champion award in 2020. (maybe we can add a statement about how Goodwood Residence got Green Mark Platinum – the highest attainable award for Green Mark – way back in 2008?)
GuocoLand has a ell-defined strategy in managing and engaging its contractors and suppliers in its supply chain to deliver developments that meet environmental and health and safety standards. At each stage of development, they ensure the energy consumption of buildings is kept to a minimum. For instance, they appointed contractors that are ISO 14001-certified, which is an environmental management system that enables contractors to control the impact of their activities in the environment
In the development of 18T in Chongqing, China, GuocoLand adopted smart construction solutions and technology, including environment monitoring measures and programmes to monitor air pollution and noise levels.
In managing the properties, the developer also seeks to reduce energy consumption and ensure compliance with all relevant environmental laws and regulations. Not only do they monitor the environmental performance of each property and use energy-saving equipment, employees also undergo training on energy conservation.
Additionally, they play an essential role in helping their business partners to evolve and contribute to a sustainable building environment. They encourage business partners in the construction sector to adopt environmentally friendly construction processes and sustainable sourcing of materials. Besides helping the firms in their supply chain to go green, they also engage tenants to adopt energy conservation practices.
Sustainability is in GuocoLand’s DNA. For instance, the total energy consumption of their corporate office in Singapore in FY 2020 was 148,500 kWh compared to 168,757 kWh in the prior reporting period. In FY 2020, even though they had targeted to reduce their electrical energy consumption by 1%, they bettered their target set and achieved a 4.7% reduction instead.
Through their holistic strategy, GuocoLand has become a bearer of the gold standard in sustainable developments in Singapore. GuocoLand’s flagship integrated mixed-use development, Guoco Tower, sets the bar for other mixed-use developments. Guoco Tower is Leadership in Energy and Environmental Design (LEED) Platinum certified. Developed by the U.S. Green Building Council, LEED certification is a globally recognised symbol of sustainability achievement and leadership. Guoco Tower is designed as a green building with nature and sustainability in mind. Its energy-efficient building services contribute to around 30% energy saving compared with similar buildings. The development captures and recycles 75% of rainwater, reducing water consumption by 35%. Sofitel Singapore City Centre, which located in Guoco Tower and managed by Accor, has achieved Platinum status for Accor’s in-house Planet 21 sustainable Program
In 2020, GuocoLand clinched the biggest haul of 11 awards, including Best Developer, Best Condo Development (Singapore) and Real Estate Personality of the Year, at the 10th Asia Property Awards (Singapore) 2020 organised by PropertyGuru. They also won Special Recognition in sustainable design. Its track record in sustainable development is further bolstered by its securing of a S$730 million green loan for the development of new residual cum commercial development at Tan Quee Lan Street. The green loan secured is the largest in the real estate industry for a development project to date. The proceeds of the loan will go towards financing the project, including efforts in sustainable development, water and energy conservation and adoption of immersive urban greenery and landscaping.
With its commitment to sustainability at every level, not only has GuocoLand been able to distinguish itself from others as a luxury brand but the strong branding has helped generate greater demand for GuocoLand projects as well.
Despite the challenging market situation due to COVID-19, GuocoLand reported healthy residential sales in Singapore in H2 FY 2020. It has sold 387 units (86%) from its 450-unit Martin Modern project and about 20% of the 200-unit Meyer Mansion and 219-unit Midtown Bay. The ultra-luxury Wallich Residence was also 54% sold and the development continues to register sales, with prices remaining firm.
With the heightened awareness of the environment, the demand for sustainable developments is expected to grow as more consumers will want to associate themselves with a leading green brand. Developments by GuocoLand will always be in demand due to its top billing as one of the premium green brands in the real estate sector.
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- Wallich Residence
- Martin Modern
- Meyer Mansion
- Midtown Bay
- Midtown Modern
SINGAPORE’S TALLEST ADDRESS
181 LUXURIOUS HOMES WITH UNPARALLELED VIEWS
Project Name:
Wallich Residence
Project Type:
Condominium
Project Address:
3 Wallich Street, Singapore (078882) / District 01.
Tenure:
Leasehold up to 99 years
Completion Year:
2017
KEY FEATURES
- Guoco Tower is a unique 5-in-1 integrated landmark development located in the heart of Singapore’s Central Business District, linked to and atop Tanjong Pagar MRT station.
- It integrates Grade A office space, 181 prestigious homes at Wallich Residence, dedicated retail and F&B space, a five-star business hotel designed for privileged experiences, and Singapore’s first double storey urban park.
- Inspired by Mr. Nathaniel Wallich, whose passion for botany led to the creation of Singapore’s first-ever Botanical and Experimental Garden at Fort Canning
- Wallich Residence is situated at the top of Singapore’s tallest building, starting from level 39 / 180m above sea level to level 64 / 290m above sea level
- Four levels of generous recreational facilities – including glass observation AirDecks at the Apex located on level 62 which offer a sweeping view from the city’s highest point
- Unit ranges from 1, 2, 3, 4 Bedroom, penthouses and one and only Super Penthouse
- Concierge services designed for privileged luxury
- A 150,000 sq ft Urban Park and a unique 30,000 sq ft City Room A vibrant hub for events and activities
LUXE BOTANICAL GARDEN HOME IN DISTRICT 9
Project Name:
Martin Modern
Project Type:
Condominium
Project Address:
8 Martin Place, Singapore (237992) / District 09 Junction Of Martin Place And River Valley Close, Orchard / River Valley,
Tenure:
Leasehold up to 99 years
Completion Year:
2022
KEY FEATURES
- 99 Years, District 9, A Home within a Botanical Garden
- Sprawling 1.6-ha land
- Luxurious amenities including a Secret Garden
- Walking Distance to Great World, Somerset and Fort Canning MRT
- Within close proximity to lifestyle amenities such as Robertson Quay, Orchard Road and Clarke Quay
- Within close proximity to established schools such as River Valley Primary School, School of the Arts and Singapore Management University
- Attractively priced 2, 3 and 4 bedroom units
THE FUTURE OF CITY LIVING
A collection of luxury homes at Guoco Midtown
Project Name:
Midtown Bay
Project Type:
Condominium
Project Address:
122 Beach Road, Singapore (189768) / District 07
Tenure:
Leasehold up to 99 years
Completion Year:
2022
KEY FEATURES
- Part of a mixed-use development Guoco Midtown that comprises premium Grade A office space, exclusive residences, public and retail spaces and the former Beach Road Police Station, a conserved building.
- Located within Central Business District, at the intersection of two key development corridors along Beach Road and Ophir-Rochor Road.
- Served by four MRT lines and Nicoll Highway, as well as the North-South Expressway in the future.
- It will rejuvenate the Beach Road by being the final critical piece of jigsaw that completes the transformation of the precinct.
- It will introduce a new way of luxury city living in response to the growing trend of live, work and socializing.
- Residents will have direct access to Midtown Hub -an exclusive urban social club that incorporates the best of business and leisure, it is a place to connect like-minded people to create opportunities for collaboration, and ideas to thrive.
THE SEASIDE ADDRESS FOR THE DISCERNING
Project Name:
Meyer Mansion
Project Type:
Condominium
Project Address:
79 Meyer Rd, Singapore (437906) / District 15
Tenure:
Freehold
Completion Year:
2024
KEY FEATURES
- The esteemed name of Meyer Road carries the prestige of a prime seafront residential district, where many affluent businessmen once built their holiday mansions along the coast in the 1800s. Today the Meyer Road address represents the most prime and coveted estate in the East Coast of Singapore and new freehold projects here are extremely rare.
- Inspired by the seafront mansions, 80% of the entire development will be devoted to landscaping and amenities.
- Through deliberate and careful design, Meyer Mansion’s vantage is elevated with floor to ceiling windows to maximise the stunning unblocked views of the sea and the surrounding landed enclave.
- There are 8 unique layout types, designed to capture the best views and to suit different demographic and lifestyle needs. Each layout has only 25 units.
- All units are thoughtfully designed to be efficient, functional and provide flexibility for adapting one of the bedrooms into multiple functions.
- About 80% of the entire development will be devoted to landscaping and amenities.
- Its strategic location gives you quick and easy access to major expressways such as ECP and MCE, which can get you to the city or the airport in less than 10 minutes.
- When the Thomson-East Coast MRT line’s target completion in 2023, the Katong Park MRT station will be just 6 minutes’ walk away, which will be directly connected to the Gardens By The Bay, Marina Bay and Orchard MRT stations.
NATURE IN THE CITY
Project Name:
Midtown Modern
Project Type:
Condominium
Project Address:
16, 18 and 20 Tan Quee Lan Street
Tenure:
Leasehold up to 99 years
Completion Year:
2026
KEY FEATURES
- A luxury residential project at the mega integrated development Guoco Midtown, a world class integrated development in the heart of CBD.
- Located directly above the Bugis MRT interchange station, Midtown Modern offers residents super-connectivity at their doorstep. They will enjoy the convenience of having direct access to both the East-West and Downtown Lines.
- Through Guoco Midtown’s network of underpasses and sheltered walkways, residents can have uninterrupted access to many shopping malls, offices, and two other MRT lines, namely the North-South and Circle Lines.
- Midtown Modern's twin towers are strategically orientated to maximise the views towards the magnificent scenery all around, including Marina Bay, Raffles Place, Orchard Road and Kallang Basin.
- With 558 units, full condo facilities amidst a lush natural setting, as well as concierge and networking amenities, Midtown Modern is perfect for family living in the city.
- Crafted by the same team that created Martin Modern, including four-time President's Design Award winner master architect Yip Yuen Hong of ipli Architects and project architect ADDP Architects; and landscape architect Chia Jui Siang, now a Partner of Ortus Design.
SINGAPORE’S TALLEST ADDRESS
181 LUXURIOUS HOMES WITH UNPARALLELED VIEWS
Project Name:
Wallich Residence
Project Type:
Condominium
Project Address:
3 Wallich Street, Singapore (078882) / District 01.
Tenure:
Leasehold up to 99 years
Completion Year:
2017
KEY FEATURES
- Located at the heart of Tanjong Pagar district and close proximity to the future Greater Southern Waterfront
- Within minutes to prominent cultural and lifestyle areas
- Inspired by Mr. Nathaniel Wallich, whose passion for botany led to the creation of Singapore’s first-ever Botanical and Experimental Garden at Fort Canning
- Wallich Residence sits at the pinnacle of Singapore tallest building, Tanjong Pagar Centre which is designed by world-renowned architects - Skidmore, Owings & Merrill
- Located from 39th to 64th floor, Wallich Residence is Singapore’s tallest residential development
- 181 exclusive residences consisting of 1 – 4 bedroom, units, four Penthouses and one Super Penthouse
- Four levels of generous recreational facilities – including a stunning infinity pool at level 39 / 180m and a glass observation AirDeck at Apex which offers a sweeping view from the city’s highest point
- Signature Wallich Concierge Service catered to the needs of residents
- A 150,000 sq ft Urban Park and a unique 32,000 sq ft City Room, a vibrant hub for events and activities
LUXE BOTANICAL GARDEN HOME IN DISTRICT 9
Project Name:
Martin Modern
Project Type:
Condominium
Project Address:
8 Martin Place, Singapore (237992) / District 09 Junction Of Martin Place And River Valley Close, Orchard / River Valley,
Tenure:
Leasehold up to 99 years
Completion Year:
2022
KEY FEATURES
- 99 Years, District 9, A Home within a Botanical Garden
- Sprawling 1.6-ha land
- Luxurious amenities including a Secret Garden
- Walking Distance to Great World, Somerset and Fort Canning MRT
- Within close proximity to lifestyle amenities such as Robertson Quay, Orchard Road and Clarke Quay
- Within close proximity to established schools such as River Valley Primary School, School of the Arts and Singapore Management University
- Attractively priced 2, 3 and 4 bedroom units
THE SEASIDE ADDRESS FOR THE DISCERNING
Project Name:
Meyer Mansion
Project Type:
Condominium
Project Address:
79 Meyer Rd, Singapore (437906) / District 15
Tenure:
Freehold
Completion Year:
2024
KEY FEATURES
- The esteemed name of Meyer Road carries the prestige of a prime seafront residential district, where many affluent businessmen once built their holiday mansions along the coast in the 1800s. Today the Meyer Road address represents the most prime and coveted estate in the East Coast of Singapore and new freehold projects here are extremely rare.
- Inspired by the seafront mansions, 80% of the entire development will be devoted to landscaping and amenities.
- Through deliberate and careful design, Meyer Mansion’s vantage is elevated with floor to ceiling windows to maximise the stunning unblocked views of the sea and the surrounding landed enclave.
- There are 8 unique layout types, designed to capture the best views and to suit different demographic and lifestyle needs. Each layout has only 25 units.
- All units are thoughtfully designed to be efficient, functional and provide flexibility for adapting one of the bedrooms into multiple functions.
- About 80% of the entire development will be devoted to landscaping and amenities.
- Its strategic location gives you quick and easy access to major expressways such as ECP and MCE, which can get you to the city or the airport in less than 10 minutes.
- When the Thomson-East Coast MRT line’s target completion in 2023, the Katong Park MRT station will be just 6 minutes’ walk away, which will be directly connected to the Gardens By The Bay, Marina Bay and Orchard MRT stations.
THE FUTURE OF CITY LIVING
A collection of luxury homes at Guoco Midtown
Project Name:
Midtown Bay
Project Type:
Condominium
Project Address:
122 Beach Road, Singapore (189768) / District 07
Tenure:
Leasehold up to 99 years
Completion Year:
2022
KEY FEATURES
- Part of a mixed-use development Guoco Midtown that comprises premium Grade A office space, exclusive residences, public and retail spaces and the former Beach Road Police Station, a conserved building.
- Located within Central Business District, at the intersection of two key development corridors along Beach Road and Ophir-Rochor Road.
- Served by four MRT lines and Nicoll Highway, as well as the North-South Expressway in the future.
- It will rejuvenate the Beach Road by being the final critical piece of jigsaw that completes the transformation of the precinct.
- It will introduce a new way of luxury city living in response to the growing trend of live, work and socializing.
- Residents will have direct access to Midtown Hub -an exclusive urban social club that incorporates the best of business and leisure, it is a place to connect like-minded people to create opportunities for collaboration, and ideas to thrive.
NATURE IN THE CITY
Project Name:
Midtown Modern
Project Type:
Condominium
Project Address:
16, 18 and 20 Tan Quee Lan Street
Tenure:
Leasehold up to 99 years
Completion Year:
2026
KEY FEATURES
- A luxury residential project at the mega integrated development Guoco Midtown, a world class integrated development in the heart of CBD.
- Located directly above the Bugis MRT interchange station, Midtown Modern offers residents super-connectivity at their doorstep. They will enjoy the convenience of having direct access to both the East-West and Downtown Lines.
- Through Guoco Midtown’s network of underpasses and sheltered walkways, residents can have uninterrupted access to many shopping malls, offices, and two other MRT lines, namely the North-South and Circle Lines.
- Midtown Modern's twin towers are strategically orientated to maximise the views towards the magnificent scenery all around, including Marina Bay, Raffles Place, Orchard Road and Kallang Basin.
- With 558 units, full condo facilities amidst a lush natural setting, as well as concierge and networking amenities, Midtown Modern is perfect for family living in the city.
- Crafted by the same team that created Martin Modern, including four-time President's Design Award winner master architect Yip Yuen Hong of ipli Architects and project architect ADDP Architects; and landscape architect Chia Jui Siang, now a Partner of Ortus Design.
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