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Singapore Land Group (SingLand)
Property
UOL and CapitaLand to acquire Thomson View condo for $810 mil
UOL’s indirect subsidiary, United Venture Development and CL Onyx, an indirect wholly-owned subsidiary of CapitaLand Singapore will undertake the acquisition on a 50:50 basis.
October 26, 2024
Property
UOL Group and Singapore Land Group acquire 50% stake in 388 George Street for A$460 mil
The transaction is expected to be completed within the first half of 2025.
October 11, 2024
Broker's Calls
Citi keeps ‘buy’ on UOL after Stamford Court divestment
Based on Citi Research analyst Brandon Lee's estimates, the sale should add around 0.1% to UOL's RNAV.
August 13, 2024
Property
UOL and SingLand JV awarded tender for residential site at Orchard Boulevard for $428.3 mil
United Venture Development, a JVCo of SingLand's and UOL's subsidiaries, has its tender for an Orchard Boulevard site approved.
February 21, 2024
Company in the news
SingLand approves sale of residential unit to CEO Jonathan Eu's wife for $7.7 mil
According to SingLand, no discounts were given for the proposed sale.
December 01, 2023
Broker's Calls
Proposed rezoning of Marina Square could have 'significant upsides' to NAVs, says DBS
SingLand is currently trading at a P/B of 0.4x while UOL Group is trading at a P/B of 0.5x.
September 18, 2023
Property
UOL Group, CapitaLand JVs win tender for Tampines Ave 11 site for $1.21 bil
The transaction will be mainly financed from bank borrowings and proportionate shareholders’ loans.
July 11, 2023
Global Economy
Briefs: Wee Cho Yaw relinquishes board roles, China's factory activity tops decade high
"Evolve or die. That’s what’s happening here." - Bridgewater Associates CEO Nir Bar Dea.
March 02, 2023
New appointments
Wee Cho Yaw retires as chairman and director of Singapore Land Group; Wee Ee Lim to become next chairman
Upon his retirement, the older Wee will be appointed as chairman emeritus and honorary adviser of the group.
February 24, 2023
Results
Singapore Land Group reports 60% lower earnings of $95.3 mil for the 2HFY2022
A first and final dividend of 3.5 cents per share has been declared, unchanged from the year before.
February 24, 2023