Asset Acquisitions and Disposals::AWARD OF TENDER FOR RESIDENTIAL SITE (WITH COMMERCIAL USE) AT SILAT AVENUE BY URA
Issuer & Securities
UOL GROUP LIMITED
UOL GROUP LIMITED - SG1S83002349 - U14
Asset Acquisitions and Disposals
Date &Time of Broadcast
Announcement Sub Title
AWARD OF TENDER FOR RESIDENTIAL SITE (WITH COMMERCIAL USE) AT SILAT AVENUE BY URA
Submitted By (Co./ Ind. Name)
Yeong Sien Seu
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of UOL Group Limited wishes to announce that the Urban Redevelopment Authority ("URA") 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.
Please see attached detailed announcement.
Total size =155K