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UOL - United Overseas Land
04-11-2015, 04:59 PM.
Post: #71
RE: UOL - United Overseas Land
            Mr Wee is increasing his stake in UIC. It is a matter of time UIC will be privatise. The same thing happened to Singapore Land in 2014. Before the delisting, UIC was buying Singapore Land shares in market and off market. Now, Wee is doing the same to UIC shares. I have been tracking his purchases. See my tracking list. Based on 3Q results, UIC NTA is $4.19. How much will Wee pay for UIC?

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04-11-2015, 07:57 PM.
Post: #72
RE: UOL - United Overseas Land
Dr Wee has been at this game since 1990... there is nothing new... in fact as per Singland's case, he did not pay full value for Singland... there is no need to speculate as UIC is a listed pte entity...

Its not IF but WHEN.

Odd Lots Vested
GG

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09-12-2015, 09:56 PM. (This post was last modified: 09-12-2015, 09:58 PM by Art or Science.)
Post: #73
RE: UOL - United Overseas Land
Looking at historical prices, the bid price is not too high ?

Residential site at Clementi Avenue 1 attracts 6 bids


SINGAPORE: A residential site at Clementi Avenue 1 has attracted six bids, said Urban Redevelopment Authority (URA) said on Wednesday (Dec 9).

The top bid came from a consortium comprising UOL Venture Investments and Singland Homes, which offered S$302.1 million. This translates to about S$6,620.21 per sqm. Oxley-Lian Beng Ventures was the second-highest bidder, at S$276.201 million.

The 140,339 sq ft site can yield a maximum Gross Floor Area of 491,185 sq ft, or an estimated 460 to 500 housing units.

Mr Desmond Sim, head of CBRE Research (Singapore and South East Asia) said the number of bids reflects the need for developers to beef up their land bank.

SLP's executive director and head of research and consultancy, Nicholas Mak said: "We expected more than 10 bids because this site is located within the popular Clementi town and there is an absence of competition from other new launches in the neighbourhood."

He added: "Some developers may be reserving their resources to bid for the residential sites that would be announced in the new GLS (Government Land Sales) programme for H1 2016. As a result, the participation rate in today’s tender is moderately low."

Analysts estimate the breakeven prices for the residential space in the new condominium to be developed on the site to range from S$1,100 psf to S$1,150 psf.

http://www.ura.gov.sg/uol/land-sales.asp...rical-data
http://www.hdb.gov.sg/cs/infoweb/busines...esidential
=========== Signature ===========
Winston Churchill:-
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
"The farther backward you can look, the farther forward you are likely to see."

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09-12-2015, 10:52 PM.
Post: #74
RE: UOL - United Overseas Land
monies is banana papers actually not real sustainable assets due to inflation

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17-05-2018, 04:58 PM.
Post: #75
RE: UOL - United Overseas Land
Award of Tender for Residential Site (with Commercial Use) at Silat Avenue by The Urban Redevelopment Authority

UOL Group Limited announced that the Urban Redevelopment Authority has awarded the tender jointly submitted by
(i) its wholly-owned subsidiary UOL Venture Investments Pte. Ltd.,
(ii) UIC Homes Pte. Ltd., a wholly-owned subsidiary of United Industrial Corporation Limited and
(iii) Kheng Leong Company (Private) Limited,
for the residential site at Silat Avenue (with commercial use) at a tender price of S$1,035,300,000, subject to the conditions of tender as set out in the tender documents.

Details of the Site are as follows:
(1) Tenure of Land : Leasehold of 99 years
(2) Total Site Area : 245,972 square feet
(3) Gross Plot Ratio : 3.7
(4) Allowable Development : Residential with commercial use and with conservation of 5 existing buildings

More details in http://infopub.sgx.com/FileOpen/UOL_Awar...eID=506235
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Specuvestor: Asset - Business - Structure.

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03-08-2018, 07:08 PM.
Post: #76
RE: UOL - United Overseas Land
Financial Results for the Quarter and Half-Year Ended 30 June 2018

Highlights :
1. For the second quarter ended 30 June 2018 ("2Q18"), Group revenue up 59% YoY to $635.4 million mainly from UIC consolidation
2. Higher fair value gains on investment properties boost bottom line
3. Net attributable profit rose 21% to $132.7 million for 2Q18 
4. For the six months ended 30 June 2018, net attributable profit stood at $206.5 million, up 9% from the previous corresponding period
5. Group gearing ratio increased slightly to 0.23 from 0.21 mainly due to higher borrowings for the Silat Avenue site
6. As at 30 June 2018, shareholders’ funds increased to $9.55 billion from $9.45 billion at the end of 2017
7. As at 30 June 2018, net tangible asset per ordinary share rose to $11.14 from $11.01.

More details in :
1. http://infopub.sgx.com/FileOpen/UOL2Q201...eID=519043
2. http://infopub.sgx.com/FileOpen/2Q2018Me...eID=519044
3. http://infopub.sgx.com/FileOpen/2Q2018Pr...eID=519045

UOL today closed at S$7.000 (-0.040).
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Specuvestor: Asset - Business - Structure.

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07-09-2018, 05:37 PM.
Post: #77
RE: UOL - United Overseas Land
Announcement of Appointment

UOL Group Limited announced the appointment of Mr Liam Wee Sin as the Group Chief Executive of the Company, with effect from 2 January 2019.

Mr Liam, who is currently the Deputy Group Chief Executive Officer, has been with the Group for the last 25 years, and has held several appointments within the Group.
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Specuvestor: Asset - Business - Structure.

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09-07-2019, 08:54 PM.
Post: #78
RE: UOL - United Overseas Land
Award of Tender for Residential Site at Clementi Avenue 1 by the Urban Redevelopment Authority

UOL Group Limited announced that the Urban Redevelopment Authority ("URA") had awarded the tender jointly submitted by the Company’s wholly-owned subsidiary UOL Venture Investments Pte. Ltd. ("UVI"), and UIC Homes Pte. Ltd., a wholly-owned subsidiary of United Industrial Corporation Limited ("UIC") (collectively, the "Parties"), for the residential site at Clementi Avenue 1 at a tender price of S$491,300,000, subject to the conditions of tender as set out in the tender documents.

The joint venture company ("JV Co") will be incorporated by the Parties to undertake the proposed acquisition and development of the Site in the following proportions:
UVI - 80%
UIC - 20%

Details of the Site are as follows:
(1) Tenure of Land : Leasehold of 99 years
(2) Total Site Area : 178,064 square feet
(3) Gross Plot Ratio : 3.5
(4) Allowable Development : Residential (with a Child Care Centre component)

More details in https://links.sgx.com/FileOpen/award%20o...eID=569607
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Specuvestor: Asset - Business - Structure.

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