{"id":67062,"date":"2017-09-21T12:24:13","date_gmt":"2017-09-21T05:24:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-ride-on-housing-market-rebound\/"},"modified":"2017-09-21T13:02:54","modified_gmt":"2017-09-21T06:02:54","slug":"uol-to-ride-on-housing-market-rebound","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-ride-on-housing-market-rebound\/","title":{"rendered":"UOL to ride on housing market rebound"},"content":{"rendered":"


\nThe Raintree Gardens site was purchased in a UOL-led joint venture for $334.2 million. (Photo: JLL)
\nUOL 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.
\nIn particular, KGI believes that the property firm\u2019s two upcoming project launches in 2018 have favourable prospects given the anticipated upswing in the residential sector.
\nFor instance, UOL recently purchased a site at 45 Amber Road for $156 million, or $1,117 psf. This is \u201ca relatively good deal\u201d as it\u2019s 15 percent cheaper than the possible collective sale of nearby Amber Park condo for about $768 million ($1,284 psf).
\nSEE ALSO: UOL to acquire freehold site at 45 Amber Road for S$156mil
\nFor the Amber Road project, the developer could achieve a profit before tax (PBT) margin of around 15 percent to 20 percent if it manages to sell the units there for $1,830 to $1,920 psf.
\nKGI is also optimistic on the project located at the Raintree Gardens site, which was bought by UOL via a joint venture last year for $334.2 million, or $797 psf per plot ratio (psf ppr).
\n\u201cWith (the) nearby land parcel in Woodleigh sold at $1,110 psf ppr and resale transactions in the vicinity, we think the group could easily target to earn PBT margin from mid-teens (forecast: $1,410 to $1,500 psf).\u201d
\nUOL currently has four other housing projects in Singapore that have been already unveiled, namely Botanique at Bartley, Riverbank@Fernvale, The Clement Canopy and Principal Garden. The first two are nearly sold out, while the third and fourth are 59 percent and 72 percent taken-up as of Q2 2017.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…UOL to ride on housing market rebound<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Raintree Gardens site was purchased in a UOL-led joint venture for $334.2 million. (Photo:...<\/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-67062","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-hrE","jetpack-related-posts":[{"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":67062,"position":0},"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":41662,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-acquire-freehold-site-at-45-amber-road-for-s156mil\/","url_meta":{"origin":67062,"position":1},"title":"UOL to acquire freehold site at 45 Amber Road for S$156mil","date":"January 24, 2017","format":false,"excerpt":"\r Amber Road (Photo: Christopher Chitty) UOL Group has been granted by Sin Lian Huat Co an option to purchase a freehold site at 45 Amber Road for S$156 million. Located in District 10, the 69,858 sq ft site has a plot ratio of 2.10 and is within walking distance\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":67062,"position":2},"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":93351,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-groups-gwee-lian-kheng-to-retire-as-ceo\/","url_meta":{"origin":67062,"position":3},"title":"UOL Group\u2019s Gwee Lian Kheng to retire as CEO","date":"July 7, 2018","format":false,"excerpt":"\r UOL Group\u2019s total assets have grown to about $20 billion as at 31 March.\u00a0 UOL Group\u2019s board of directors is on the lookout for a new group chief executive as its current chief Gwee Lian Kheng is set to retire on 31 January 2019, after 45 years of service.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91370,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-launch-new-condo-after-good-sales-at-amber45\/","url_meta":{"origin":67062,"position":4},"title":"UOL to launch new condo after good sales at Amber45","date":"June 14, 2018","format":false,"excerpt":"\r Artist\u2019s impression of The Tre Ver, an upcoming condominium project in Potong Pasir. (Photo: UOL Group) UOL Group\u2019s freehold Amber45 condominium in District 15 continues to draw buyers, with about 65 percent of the 139 units already sold, up from 55 to 60 percent during the launch in mid-May,\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":67062,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/67062"}],"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=67062"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/67062\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=67062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=67062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=67062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}