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UOL-CapitaLand consortium wins URA tender for New Upper Changi Road residential site at S$1.43 billion

PUBT·09/04/2026 09:30:45
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UOL-CapitaLand consortium wins URA tender for New Upper Changi Road residential site at S$1.43 billion
  • URA awarded a S$ 1.43 billion tender for a 99-year leasehold residential site at New Upper Changi Road to a UOL-led consortium.
  • Deal structured as a 50:50 joint venture between UOL’s indirect unit United Venture Development (Daisy) and CapitaLand Development.
  • Site spans 30,769 sq m with a 2.8 gross plot ratio, earmarked for residential development to replenish UOL’s Singapore land bank.
  • Funding to come mainly from bank borrowings, supported by proportionate shareholders’ loans.
  • Payment terms include a 5% deposit paid, 25% due within 28 days, remaining balance payable within 90 days.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UOL Group Limited published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: UF4131MMVF25H2ZT) on September 04, 2026, and is solely responsible for the information contained therein.