The Raintree Gardens at Potong Pasir. Right off the bat from its £229.6 million (S$388 million) acquisition of 120 Holborn in London UK, UOL announced that it has, through a joint venture with United Industrial Corporation Ltd (UIC), acquired the Raintree Gardens residential development at Potong Pasir Ave 1 for S$334.2 million through an en-bloc tender.
Manulife US Reit | Buy
Oct 11 close: US$0.835
Target price: US$0.93
DBS Group Research, Oct 10
Play on exposure to the US property market which is in the early stages of recovery.