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UOL Group-led consortium submits highest bid of $524.3 million for Dorset road

Nicole Lim
Nicole Lim • 1 min read
UOL Group-led consortium submits highest bid of $524.3 million for Dorset road
“If awarded, it will be a very timely replenishment for our residential stock. The development will comprise two 27-storey towers accommodating 428 residential units,” says Shirley Ng, UOL chief investment and asset officer. Photo: UOL Group
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A consortium made up of UOL Group Limited, Singapore Land Group (SingLand) and Kheng Leong, have submitted the highest bid for a URA sale site at Dorset road.

The tendered sale price submitted by the consortium is $524.3 million, according to a release by URA. That amounts to $14,405.06 per square metre of gross floor area.

The project is a 60:20:20 joint venture between UOL, SingLand and Kheng Leong respectively.

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