UOL Set to launch 2 Projects in 2017

The Clement Canopy in Clementi is set to be launch in early 2017.

The Clement Canopy, a 505-unit condominium in Clementi in which UOL possesses a 50 percent stake, is anticipated to start in the first quarter of 2017.

UOL has seen strong sales at its Singapore projects that were formerly established. The 797-unit Botanique at Bartley recorded a take up rate of 96 percent, while Riverbank @ Fernvale and Principal Garden are 43 percent and 78 percent sold, respectively.

With this, the group’s sales for the quarter increased 11 percent year-on-year to $393 million, on the rear of higher topline contributions across its resort, property development and property investment sections.

Property development sales, for example, soared 19 percent year-on-year to Principal Garden, Riverbank @ Fernvale and $207 million due to higher progressive acknowledgement from Botanique at Bartley, said OCBC.

2017 will see many interesting launches, like CEL Grandeur Park Residences too!



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