{"id":41662,"date":"2017-01-24T12:37:21","date_gmt":"2017-01-24T05:37:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-acquire-freehold-site-at-45-amber-road-for-s156mil\/"},"modified":"2017-01-24T12:49:48","modified_gmt":"2017-01-24T05:49:48","slug":"uol-to-acquire-freehold-site-at-45-amber-road-for-s156mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-acquire-freehold-site-at-45-amber-road-for-s156mil\/","title":{"rendered":"UOL to acquire freehold site at 45 Amber Road for S$156mil"},"content":{"rendered":"


\nAmber Road (Photo: Christopher Chitty)
\nUOL Group has been granted by Sin Lian Huat Co an option to purchase a freehold site at 45 Amber Road for S$156 million.
\nLocated in District 10, the 69,858 sq ft site has a plot ratio of 2.10 and is within walking distance to the upcoming Tanjong Katong and Marine Parade MRT stations, both of which are\u00a0expected to be completed in 2023.
\nUOL has two weeks to exercise the option, during which it will pay S$6.24 million. Thereafter, it will have 12 weeks to complete the sale and purchase of the property.
\nIn an SGX filing, UOL revealed that the \u201cproposed acquisition are in the ordinary course of the group\u2019s business, and would enable the group to replenish its land bank for residential developments in Singapore\u201d.
\nIt noted that the acquisition will be financed via external borrowings and internal resources.
\nUOL does not expect the acquisition to materially affect the net tangible assets or earnings per share of the group for the financial year ending 31 December 2017.
\n\u201cThe company will make further announcements in relation to the option and proposed acquisition, as and when there are material developments,\u201d it added.
\n\u00a0
\nChristopher Chitty, Senior\u00a0Content Specialist\u00a0at PropertyGuru, edited this story. To contact him about this or other stories, email christopher@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…UOL to acquire freehold site at 45 Amber Road for S6mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Amber Road (Photo: Christopher Chitty) UOL Group has been granted by Sin Lian Huat Co...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-41662","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-aPY","jetpack-related-posts":[{"id":67062,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-ride-on-housing-market-rebound\/","url_meta":{"origin":41662,"position":0},"title":"UOL to ride on housing market rebound","date":"September 21, 2017","format":false,"excerpt":"\r The Raintree Gardens site was purchased in a UOL-led joint venture for $334.2 million. (Photo: JLL) UOL Group is expected to benefit from the recovery in Singapore\u2019s housing market as it had managed to acquire development sites at good prices, reported the Singapore Business Review. In particular, KGI believes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86601,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/amber-45-to-be-launched-at-average-price-of-over-2000-psf\/","url_meta":{"origin":41662,"position":1},"title":"Amber 45 to be launched at average price of over $2,000 psf","date":"April 27, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the Amber 45 condominium at Amber Road. (Photo: UOL Group) Property developer UOL Group will open the Amber 45 showflat for preview this Saturday (28 Apr). The freehold condominium will comprise one 21-storey block of 139 units. Located at 45 Amber Road in District 15, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":67724,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-associate-acquires-nanak-mansion-for-201-1mil\/","url_meta":{"origin":41662,"position":2},"title":"UOL associate acquires Nanak Mansion for $201.1mil","date":"September 29, 2017","format":false,"excerpt":"\r A view of Nanak Mansion located at 92A Meyer Road, a medium rise building with garden spaces.(Photo: JLL) In the latest en bloc sale, UOL Group associate, Secure Venture Development (No.1) Pte. Ltd. (SVD1), acquired the freehold Nanak Mansion at 92-128 Meyer Road for $201.1 million. SVD1 will develop\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":46019,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-net-profit-down-27-to-287m\/","url_meta":{"origin":41662,"position":3},"title":"UOL net profit down 27% to $287m","date":"February 27, 2017","format":false,"excerpt":"\r Artist\u2019s impression of The Clement Canopy, a new condominium being jointly developed by UOL Group.\u00a0 UOL Group\u2019s net profit for the financial year ended 31 December 2016 fell 27 percent to $287 million from $391 million during the previous year, mainly due to valuation losses on investment properties. Revenue\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88067,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/80-of-units-released-at-amber45-sold-at-average-of-2200-psf\/","url_meta":{"origin":41662,"position":4},"title":"80% of units released at Amber45 sold at average of $2,200 psf","date":"May 14, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the Amber 45 condominium at Amber Road. (Photo: UOL Group) UOL Group\u2019s Amber45 condominium at Amber Road was well-received by buyers, selling 80 percent or 80 of the 100 units released at an average price of about $2,200 psf at its launch last weekend (12-13 May).\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122881,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-singland-jv-to-acquire-watten-estate-condominium-for-550-8mil\/","url_meta":{"origin":41662,"position":5},"title":"UOL-SingLand JV to acquire Watten Estate Condominium for $550.8mil","date":"October 29, 2021","format":false,"excerpt":"\r Located along 36 to 44 Shelford Road, Watten Estate Condominium\u00a0sits on a 220,241 sq ft freehold site. Source:\u00a0JLL The tender for the collective sale of Watten Estate Condominium has been awarded to an 80:20 joint venture (JV) between United Venture Investments (UVI) and Singland Residential Development (SRD). UVI is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/watten-estate-condominium.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/41662"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=41662"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/41662\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=41662"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=41662"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=41662"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}