{"id":93351,"date":"2018-07-07T07:15:01","date_gmt":"2018-07-07T00:15:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-groups-gwee-lian-kheng-to-retire-as-ceo\/"},"modified":"2018-07-07T08:03:11","modified_gmt":"2018-07-07T01:03:11","slug":"uol-groups-gwee-lian-kheng-to-retire-as-ceo","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-groups-gwee-lian-kheng-to-retire-as-ceo\/","title":{"rendered":"UOL Group\u2019s Gwee Lian Kheng to retire as CEO"},"content":{"rendered":"


\nUOL Group\u2019s total assets have grown to about $20 billion as at 31 March.\u00a0
\nUOL 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.
\nHe will, however, remain as director on the board.
\nMore: UOL To Launch New Condo After Good Sales At Amber45
\nGwee joined the company as group financial controller and company secretary in 1973 and was promoted to be the executive director and general manager in 1987.
\nSince then, UOL Group\u2019s total assets have grown from about $749 million to $20 billion as at 31 March 2018. In fact, the company now has a diversified business portfolio comprising property development, property investment and hospitality, across 12 countries.
\n\u201cI consider it a privilege to have the opportunity to serve so many years, indeed almost my entire career, in a company that has become a leading property player in Singapore,\u201d said Gwee.
\n\u201cFor this, I am very grateful to the board of UOL, in particular Chairman Dr Wee Cho Yaw, for his guidance, support and trust over the years, which enabled me and my management team to build the company to what it is today and to create value for our shareholders.\u201d
\nGwee also thanked the management staff at UOL for their support.
\nThe board is currently identifying and reviewing internal and external candidates in its search for Gwee\u2019s successor.
\nMeanwhile, UOL plans to launch another condominium known as The Tre Ver soon at an estimated average selling price of $1,400 psf.
\nThe 99-year leasehold project is located on the former Raintree Gardens HUDC site in Potong Pasir, which was built in the 1980s and subsequently sold via collective sale in 2016 to UOL Group and United Industrial Corporation for $334.2 million ($797 psf ppr).
\nThis follow\u2019s the developer\u2019s recent launch of the freehold Amber45\u00a0condominium in District 15, which continues to draw buyers. About 65 percent of the 139 units have already been sold, up from 55 to 60 percent during the launch in mid-May, according to brokerage CGS-CIMB.
\nBuyers were mostly Singaporeans, with prices averaging at around $2,200 psf.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\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 Group\u2019s Gwee Lian Kheng to retire as CEO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

UOL Group\u2019s total assets have grown to about $20 billion as at 31 March.\u00a0 UOL...<\/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-93351","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-ohF","jetpack-related-posts":[{"id":97546,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-names-successor-to-group-ceo\/","url_meta":{"origin":93351,"position":0},"title":"UOL names successor to Group CEO","date":"September 10, 2018","format":false,"excerpt":"\r UOL will appoint Liam Wee Sin as its Group Chief Executive with effect from January next year. UOL has revealed the successor who will assume the role of current Group CEO Gwee Lian Kheng, 77, who is set to retire next year, revealed an SGX filing on Friday (7\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104451,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-group-to-launch-two-condo-projects-in-second-quarter\/","url_meta":{"origin":93351,"position":1},"title":"UOL Group to launch two condo projects in second quarter","date":"February 27, 2019","format":false,"excerpt":"\r The upcoming Avenue South Residence near the 24km-long Rail Corridor is touted as one of Singapore\u2019s tallest condominiums. Developer UOL Group is preparing to launch two residential projects in Singapore during the second quarter of 2019, according to an SGX filing on Tuesday (26 Feb). One of them is\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":93351,"position":2},"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":120509,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-to-preview-the-watergardens-at-canberra-on-saturday\/","url_meta":{"origin":93351,"position":3},"title":"UOL to preview The Watergardens at Canberra on Saturday","date":"July 16, 2021","format":false,"excerpt":"\r Prices for The Watergardens at Canberra start at\u00a0under $920,000, $1.3 million and $1.8 million for a two-, three- and four-bedroom apartment respectively. The Watergardens at Canberra, UOL Group\u2019s latest residential project, is set to open for preview this Saturday (17 July), with prices starting from under $1,400 per sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/the-watergardens-at-canberra-facilities-overview-singapore-1.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":121729,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/60-of-the-watergardens-at-canberra-sold-at-launch\/","url_meta":{"origin":93351,"position":4},"title":"60% of The Watergardens at Canberra sold at launch","date":"August 30, 2021","format":false,"excerpt":"\r 60% of The Watergardens at Canberra sold at launchThe 99-year leasehold project by UOL, Kheng Leong Company and Singapore Land Group sold 60% of its 448 units during its weekend launch.\u00a0Photo: UOL The Watergardens at Canberra received robust interest during its launch weekend, with 60% of its 448 units\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/Artists-impression-of-The-Watergardens-at-Canberra-crop-1.jpg?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":112328,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-net-profit-down-7-in-q3\/","url_meta":{"origin":93351,"position":5},"title":"UOL net profit down 7% in Q3","date":"November 13, 2019","format":false,"excerpt":"\r The drop in revenue was partially offset by higher progressive recognition of revenue from The Tre Ver and Amber45, as well as higher sales from the group\u2019s management services and technology segment. Photo: UOL UOL Group saw its net profit for the third quarter ended 30 September 2019 drop\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\/93351"}],"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=93351"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/93351\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=93351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=93351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=93351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}