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Wee Cho Yaw UOB

UOL Chairman Wee Cho Yaw Dies at 95

2024/02/03 by Michael Cole Leave a Comment

UOL Group announced on Saturday that its chairman, Wee Cho Yaw, passed away at the age of 95. Wee, who also served as chairman emeritus of Singapore financial giant UOB, had run UOL since 1973 and helmed the bank controlled… Read More>>

UOL Group chairman Wee Cho Yaw

UOL Places $319M Top Bid for Luxury Residential Site Near Singapore’s Orchard Road

2024/02/01 by Beatrice Laforga Leave a Comment

A UOL Group joint venture has submitted the S$428.3 million ($319.3 million) top bid for a residential site in Singapore’s Orchard area, with the price per square foot of the future luxury project falling nearly a third short of the… Read More>>

PGIM Keen on Australian Rental Housing and More Asia Real Estate Headlines

2023/11/20 by Ponrath Sopannarath Leave a Comment

PGIM leads today’s collection of real estate headlines as the asset management giant talks up plans to boost its investments in Australian rental housing. Also in the news, a UOL-SingLand joint venture sells out over half of a posh new… Read More>>

Residential properties in Hong Kong (Image: Winson Wong)

Hong Kong Banks Struggle to Sell Foreclosed Homes and More Asia Real Estate Headlines

2023/10/04 by Ponrath Sopannarath Leave a Comment

Hong Kong’s sliding residential market leads today’s collection of real estate headlines, with banks in Asia’s most expensive housing market struggling to find buyers for foreclosed properties. Also making the list is a UOL residential project in Singapore and an… Read More>>

Vietnam Says Van Thinh Phat Committed $1.2B Fraud and More Asia Real Estate Headlines

2023/10/03 by Ponrath Sopannarath Leave a Comment

The scam that brought down Vietnam’s real estate market leads today’s collection of headlines from around the region, with police in Southeast Asia’s fastest-growing economy giving an update on the Van Thinh Phat saga. Also in the news, Evergrande resumes… Read More>>

Kwek Leng Beng

CDL, UOL Report First-Half Profit Drops as Investment Gains Dry Up

2023/08/13 by Christopher Caillavet Leave a Comment

City Developments Ltd and UOL Group posted first-half profit declines as a lack of large investment gains hit the bottom line at the Singapore-listed builders.

At CDL, net profit after tax and non-controlling interest plunged to S$66.5 million ($49 million)… Read More>>

UOL Group chairman Wee Cho Yaw

CapitaLand JV With UOL, SingLand Wins Tampines Mixed-Use Site for $900M

2023/07/13 by Christopher Caillavet Leave a Comment

CapitaLand has teamed up with UOL and its Singapore Land unit to win a mixed-use plot in northeastern Singapore’s Tampines area with a winning bid of S$1.2 billion ($900 million), the Housing and Development Board announced Tuesday.

The 50:50 JV… Read More>>

ParkRoyal on Kitchener

Pan Pacific Selling Little India Hotel to Worldwide for $389M in Singapore Record Deal

2023/07/05 by Beatrice Laforga Leave a Comment

Pan Pacific Hotels Group is selling the Parkroyal on Kitchener Road hotel in Singapore’s Little India neighbourhood for S$525 million ($389 million) in the city-state’s largest hospitality deal ever.

The hospitality arm of Singapore property conglomerate UOL Group said in… Read More>>

Stephen Schwarzman Blackstone

Blackstone Continues to Curb BREIT Redemptions and More Asia Real Estate Headlines

2023/03/02 by Christopher Caillavet Leave a Comment

In today’s roundup of regional news headlines, fund management giant Blackstone says redemption requests for its private REIT slowed in February, and Allianz Real Estate rebrands under the PIMCO banner.

Blackstone Blocked Investor Withdrawals From $71B REIT… Read More>>

UOL Group chairman Wee Cho Yaw

Singapore’s UOL Saw Profits Jump 60% in 2022, Ho Bee Notches 25% Improvement

2023/02/27 by Christopher Caillavet Leave a Comment

Strong home sales at development projects delivered a boost to the full-year results of Singapore-based builders UOL Group and Ho Bee Land as the city-state’s housing market soared in 2022.

UOL, the developer controlled by the Wee family behind United… Read More>>

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