This follows on the successful launches of UOL’s UpperHouse project at Orchard Boulevard in July, with 212 caveats lodged out of 301 units; and ParkTown Residence in Tampines North in February, with 1,109 caveats lodged out of 1,193 units.
OCBC Investment Research analysts have raised their target price on property giant UOL Group by more than 16%, citing “brisk sales momentum” amid “resilient home prices and stronger-than-expected volume growth” in Urban Redevelopment Authority data released Nov 17.
UOL’s Skye at Holland project (jointly developed with CapitaLand Development and Singapore Land Group) saw sales of 98.8% on its Oct 11 launch, or 658 of 666 available units. The average selling price (ASP) was $2,953 psf.
