UOL plans to launch 3 projects in Singapore, London next year
Private housing project in Potong Pasir Ave 1 slated to start sales in 2018
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Singapore
WEE Cho Yaw-controlled UOL Group (UOL) plans to launch three projects next year - two in Singapore and one in London - with a total of about 1,050 apartments.
The property and hospitality group, which posted a 4 per cent increase in first quarter net profit to S$80.3 million, is looking to begin sales in 2018 for a 99-year leasehold private housing project in Potong Pasir Avenue 1. It bought the plot on the Raintree Gardens site via a collective sale last year, through an equal joint venture with its listed associate United Industrial Corporation. The plan is to redevelop the 201,403 sq ft site into a project with about 750 units.
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