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UOL-UIC joint venture buys Potong Pasir site for S$334m

Latest deal catapults year-to-date en bloc sales to over S$1b, as analysts anticipate market upturn

The Raintree Gardens site was launched for collective sale in September with a reserve price of S$315 million.


THE en bloc purchase of Raintree Gardens in Potong Pasir by a joint venture (JV) of UOL Group and United Industrial Corporation (UIC) brings the total value of successful en bloc deals in Singapore so far this year to over S$1 billion. The latest deal follows similar successful...

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