Singapore Land Group Limited (SingLand) announced on Oct, 16 2025 that its indirect joint venture, United Venture Development (2022) Pte. Ltd., has secured the Urban Redevelopment Authority’s residential site at Dorset Road with a winning bid of 524.3 million Singapore dollars.

The joint venture is owned 60% by UOL Venture Investments Pte. Ltd., 20% by SingLand’s wholly owned subsidiary Singland Residential Development Pte. Ltd., and 20% by Kheng Leong Company (Private) Limited.

The 99-year leasehold plot spans 10,399 square metres, carries a gross plot ratio of 3.5 and is designated for residential development. An initial 5% deposit has been paid, with 25% of the tender price due within 28 days and the balance due within 90 days of the award.

SingLand said the purchase will replenish its Singapore residential land bank and will be funded mainly through bank borrowings and proportionate shareholders’ loans. As UOL owns 50.36% of SingLand, the deal constitutes an interested person transaction; the Audit & Risk Committee concluded the terms are arm’s-length and not prejudicial to minority shareholders.

The acquisition is classified as a non-discloseable transaction under SGX Listing Manual rules and is not expected to have a material effect on SingLand’s net tangible asset per share or earnings per share for the year ending Dec, 31 2025.