Guocoland wants more land

Kong: We have been lying low for a long time. So it is appropriate to buck up and move up to the next level

KUALA LUMPUR: Guocoland (M) Bhd, the property arm of Hong Leong Group, wants to beef up its landbank in Greater Kuala Lumpur in order to become a renowned property company and brand in the next five years.

In an interview, group managing director Datuk Edmund Kong said since Guocoland is backed with strong cash reserves from its parent company, acquiring landbank is essential in the property business if it were to expand competitively.