Strong presales for these projects will add to the almost $1.5 billion in presales locked in 2022, note the analysts in their July 4 note.
Rachel Tan and Derek Tan of DBS Group Research have kept their "buy" call and $8.40 target price on UOL Group, as they believe that strong sell-through of its residential projects could be a catalyst for the share price to move.
The 520-unit Pinetree Hill, the former Watten Estate Condominium, is the latest project by UOL this year, which is a joint venture with SingLand.
