In this review, we will discuss the various developments from UOL Group. Some of the developments include the Tengah Executive Condominium, Avenue South Residence, Clavon and Pan Pacific as well as the newest project in Ang Mo Kio. Each project has its pros and cons. We will also talk about the developer’s approach to land costs, which is one of the most important elements for healthy sales take up rates. This is important because land cost directly translates into the selling price to end consumers.
Tengah Executive Condominium
If you are looking for a new home in Singapore, consider one of the newly launched executive condominiums, Tengah. Located in Tengah Town, the development will be surrounded by a picturesque green valley. The area is home to several successful economic development projects, and was recently rated among the world’s twenty fastest growing communities. The executive condos in Tengah Garden Walk will offer amazing recreational facilities, modern flats with top-of-the-line amenities, and great shopping centres.
The development of Tengah Executive Condominium is part of the UOL Group’s larger portfolio of business interests. The developer is also developing Avenue South Residence, which will feature two high-rise towers with 56-storeys. It is also located in a prime location that offers quick access to the business district. This project will also be built next to a portion of the Rail Corridor, which the government plans to convert into a community space.
Avenue South Residence
This 56-storey luxury condominium project from the UOL Group will rise above Silat Avenue, overlooking the Greater Southern Waterfront. It will also be located near Sentosa. The new luxury condo project will be a luxurious retreat, but there’s one drawback – it won’t be ready until 2022. That said, it’s still early days to make your purchase. Here are the facts about Avenue South Residence.
The Avenue South Residence site plan reveals a lot of amenities and facilities. It includes a full-size swimming pool, eight commercial shops and retail spaces, a kids’ playground, and more. The building’s layout depicts two 56-storey towers with a total of 18 Sky Gardens. The Avenue South Residence will be part of the UOL Group’s ambitious strategy to develop a community space in Kampong Bahru.
Clavon
As a 99-year leasehold development in the heart of Clementi Town, Clavon offers unrivaled cityscape views. Designed to be family-friendly, the development offers convenient access to the town’s popular places. The development comprises two 37-storey residential towers, and all its facilities are modernized at various levels. The development is a collaboration between the UOL Group and the renowned Clement Canopy developer. As a result, Clavon has earned many positive reviews from residents who have occupied units there.
This property developer’s track record speaks for itself. While it has been known for its excellent residential developments, its portfolio also includes office towers, shopping malls, and resorts. UOL manages 30 resorts in Asia, North America, and Oceania, all under three distinct brands. Besides these, the company also develops homes and residential developments in Singapore. The developer is known for its masterpieces, including Tre Ver, Amber45, and Nassim Park Residences.
Pan Pacific
The recent announcement of UOL’s new property launch in Ang Mo Kio, northern Singapore, is an indication of the company’s plans to expand its property portfolio in the coming months. The group plans to launch 2 residential projects in the next two years and has a healthy pipeline of upcoming property launches. UOL plans to expand its presence in the region by launching new projects in the Ang Mo Kio area and Bukit Timah.
UOL Group is a Singapore property developer controlled by billionaire Wee Cho Yaw. Pan Pacific is its largest tenant and landlord in the city-state’s central business district. UOL’s takeover plan would make it the second Singapore property company to be privatized in the last five months. However, analysts warn that the offer to acquire the company may come at the expense of the company’s profitability. For the time being, however, investors should wait until after the announcement to see how it plays out.
ParkRoyal
The UOL Group Limited (UOL) is a public listed company with extensive business interests in property development, hotels, and serviced suites. With over $200 billion in assets, UOL has a diverse portfolio of commercial and residential properties across Asia, Oceania, Europe, and North America. The company also owns several renowned brands, including Pan Pacific Hotel Group Limited, the ParkRoyal hotel chain, and a number of prime commercial assets in Singapore.
The economic outlook for Singapore is not good. A slowing economy may affect UOL property launches. The country faces geopolitical risks and increased domestic unemployment. Meanwhile, technology-driven disruption is affecting traditional economic sectors. The government has already warned that the journey toward restructuring will be arduous. Additionally, slowing economic growth may affect UOL’s hotel operations, and thus the earnings of ParkRoyal.