Oxley-led JV to buy former Serangoon North HUDC estate for $499 mil

SINGAPORE (July 26): Oxley Serangoon, a joint venture company led by Oxley Holdings, announced Wednesday that its bid for the purchase of Serangoon Ville at a price of $499 million has been accepted by the owners of the property.

Spanning some 27,584 sqm at Serangoon North Avenue 1, the Serangoon Ville property is a former HUDC estate which has been privatised.

Oxley Serangoon says it intends to apply for the grant of a fresh lease of at least 99 years for the land, and redevelop the property.

UOL-UIC JV acquires Raintree Gardens with $334.2 mil winning bid in en-bloc sale

SINGAPORE (Oct 6): A JV between the subsidiaries of UOL and UIC has submitted the winning tender for the en-bloc purchase of Raintree Gardens residential development with a bid of $334.2 million has been accepted by members of the sale committee.

UVD (Projects) is a 50:50 joint venture between UOL subsidiary UOL Venture Investments and Singland Homes, a subsidiary of UIC.

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