UOL Group, consortium lands $1.17 billion tender for Singapore integrated site
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A consortium led by UOL Group has secured a S$1.50 billion ($1.17 billion) tender for a major integrated residential and commercial site in Singapore. The consortium includes Singapore Land’s Horizon Residential and CapitaLand Integrated Commercial Trust. The site will feature a mixed-use project with residential and commercial spaces, a metro station, bus interchange, and town plaza. Horizon Residential will handle the residential development, while CapitaLand will manage the commercial aspect. The acquisition will be financed through bank borrowings and shareholder loans, aiding UOL in replenishing its land bank.
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