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UOL Group And UIC Awarded Residential Site Tender By URA
Daily Bulletin | 14 December 2015
Related stocks:
U14
U06
By:

UOL Group has announced that the Urban Redevelopment Authority (URA) has awarded the tender submitted by its wholly-owned subsidiary UOL Venture Investments and Singland Home, a subsidiary of United Industrial Corporation (UIC) for the residential site at Clementi Ave 1 at a tender price of $302.1 million.

A joint venture company will be incorporated by the group and UIC on a 50:50 basis respectively to undertake the proposed development of the site. The acquisition and development of the site would enable the group to replenish its land bank for residential development in Singapore.

UOL Group  8.400 +0.03 +0.36%   
Business: Co engages in property development, property investments, and hotel businesses. [FY17 Turnover] Ppty devt (52.2%), hotel ops (23.6%), ppty invs (14.9%), invs & others (9.3%).

Insight: May-18, 1Q18 revenue surged 88.5% to $661m owing t... Read More
United Industrial Corp  3.230 -0.02 -0.62%   
Business: Core business in property development & investment. [FY17 Turnover] Property trading (58.8%), property investment (21.8%), hotel ops (11.5%), tech (7.7%), others (0.2%).

Insight: Apr-18, 1Q18 revenue declined 37% to $165.7m mainl... Read More


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