Consortium comprising UOL Group awarded tender for Hougang Central at tender price of $1.5 bil

Nicole Lim

01/14

The consortium, which includes the company’s JV company Horizon Residential, and a wholly-owned sub-trust of CICT, submitted the bid last Dec.A consortium comprising UOL Group has been awarded the ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConsortium comprising UOL Group awarded tender for Hougang Central at tender price of $1.5 bil\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-01-14 10:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/cityandcountry/property/consortium-comprising-uol-group-awarded-tender-hougang-central-tender-price?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Nicole Lim</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The consortium, which includes the company’s JV company Horizon Residential, and a wholly-owned sub-trust of CICT, submitted the bid last Dec.A consortium comprising UOL Group has been awarded the ...</p>\n\n<a href=\"https://www.theedgesingapore.com/cityandcountry/property/consortium-comprising-uol-group-awarded-tender-hougang-central-tender-price?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999016042.SGD","symbol_name":"Schroder Singapore Trust A Acc SGD","start_time":0,"source_url":"https://www.theedgesingapore.com/cityandcountry/property/consortium-comprising-uol-group-awarded-tender-hougang-central-tender-price?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2603603287","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/cityandcountry/property/consortium-comprising-uol-group-awarded-tender-hougang-central-tender-price?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2603603287","pubTimestamp":1768356968,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The consortium, which includes the company’s JV company Horizon Residential, and a wholly-owned sub-trust of CICT, submitted the bid last Dec.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","C38U.SI":"凯德商用新加坡信托","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","BK6011":"零售业房地产投资信托","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","BK6512":"房地产股","U14.SI":"华业集团","BK6072":"多样化房地产投资信托v","BK6137":"零售房地产信托","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","IE00BSPPW651.USD":"NEUBERGER BERMAN GLOBAL REAL ESTATE SECURITIES \"A\" (USD) ACC","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","BK6098":"多样化房地产活动","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD"},"translate_title":"UOL集团组成的财团以15亿美元的投标价格中标后港中心","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C38U.SI":0.62,"U14.SI":1.5},"content_text":"The consortium, which includes the company’s JV company Horizon Residential, and a wholly-owned sub-trust of CICT, submitted the bid last Dec.A consortium comprising UOL Group has been awarded the tender for the integrated residential and commercial site at Hougang at a tender price of $1.5 billion. \nThe consortium, which includes the company’s JV company Horizon Residential (Residential SPV), and a wholly-owned sub-trust of CICT, submitted the bid last Dec. \nThe site is a leasehold of 99 years, with a land area of 46,899.4 square metres. It is a mixed use development comprising a residential and commercial development integrated with an MRT station, a bus interchange and town plaza. \nResidential SPV is a 50-50 JV company between Secure Venture Development and CL Emerald, an indirect wholly-owned subsidiary of CapitaLand Group. Secure Venture Development is a 20-60-20 JV company between Singland Residential Develoipment, a wholly-owned subsidiary of the company, and UOL Venture Investments, a wholly-owned subsidiary of UOL Group, and Kheng Leong Company (Private) Limited.\nThe effective shareholding proportion in Residential SPV is SingLand at 10%, UOL at 30%, KLC at 10% and CapitaLand Development at 50%. Residential SPV will develop at its own cost the residential component of the site for sale, while CICT Sub-Trust will develop at its own cost and retain full ownership of the commercial component of the site.\nThe award of this tender marks a significant milestone for CICT as it reinforces its foothold in its core market of Singapore, while expanding its retail footprint into Singapore’s northeast region, the group notes. CICT adds that the project draws on CapitaLand Group’s established expertise in delivering large-scale integrated mixed-use developments, supported by CapitaLand Investment’s \"best-in-class\" commercial management capabilities that have consistently driven strong operational performance.\nThe acquisition and development of the site will be financed principally from bank borrowings and proportionate shareholders’ loans.\nThe consortium has paid or caused to be paid a tender deposit of about 5% of the tender price to HDB. A sum equivalent to 25% of the tender price will be paid within 28 days of the award of the tender, and the balance is payable within 90 days of the award of the tender. \nShares in UOL Group closed 9 cents higher or 0.935% up at $9.72 on Jan 14.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}