Company Overview and News

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Singapore's packed property showrooms not indicative of real demand

2018-07-24 malaymail
SINGAPORE, July 24 — Lured by discounts offered by developers, thousands of prospective home buyers flocked to the preview of two private property projects over the weekend, in spite of the latest round of property cooling measures introduced barely two weeks ago.
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UOL acquires 180 apartments in Jakarta for S$76.3m; inks agreement to operate PARKROYAL Jakarta

2018-07-17 theedgemarkets
SINGAPORE (July 16): UOL Group announced that its indirect wholly-owned subsidiary in Indonesia, PT Success Venture Serviced Suited Investments, is acquiring 180 apartments and ancillary facilities at Thamrin Nine’s Tower 2 in Jakarta, Indonesia for US$56.2 million from Putragaya Wahana.
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Singapore developers attack cooling measures, Straits Times says

2018-07-07 malaymail
SINGAPORE, July 7 — A leading developers’ group in Singapore has challenged the government’s latest round of property-cooling measures, saying that there’s no rationale for the steps as the market is only in the early stages of a recovery, the Straits Times reported, citing a statement from the group.
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Singapore announces surprise property curbs to cool market

2018-07-06 malaymail
SINGAPORE, July 6 — Singapore’s renewed clampdown on speculative property demand sent real estate stocks reeling today, as analysts predicted the end of a nascent home price rebound and the deflation of a buoyant market for collective sales.
5UX CDEVY WTHEF D05 C09 DBSDF UOLGF UOVEF DBSDY U14 C UOLGY O39 U11 CGBBW UOVEY CDEVF KPPLF

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Fall ahead of U.S. tariffs; Singapore sinks to 14-month low

2018-07-06 theedgemarkets
(July 6): Southeast Asian stock markets fell on Friday, as investors closed positions and waited anxiously for the impending tariffs on Chinese imports by U.S. President Donald Trump, with Singapore falling more than 2% to a 14-month low.
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Singapore's Decisive Property Crackdown Set to Damp `Euphoria'

2018-07-06 theedgemarkets - 1
(July 6): Singapore’s surprise crackdown to drive out speculative investments from the property market will probably hit collective sales that had become popular with developers of late, sending stocks reeling.
UOVEF 5UX DBSDY U14 5H0 UOLGY CDEVY U11 O39 WTHEF D05 C09 DBSDF UOLGF UOVEY CDEVF KPPLF

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Singapore’s decisive property crackdown set to damp ‘euphoria’

2018-07-06 thestar.com.my
SINGAPORE: Singapore’s surprise crackdown to drive out speculative investments from the property market will probably hit collective sales that had become popular with developers of late, sending stocks reeling. The tightened rules, rolled out a day after the central bank noted “euphoria” in the property market, sharply increase buyers’ stamp duties for entities such as developers. Singapore’s benchmark Straits Times Index dropped as much as 2.
UOVEF 5UX DBSDY U14 5H0 UOLGY CDEVY U11 O39 WTHEF D05 C09 DBSDF UOLGF UOVEY CDEVF KPPLF

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Singapore’s decisive property crackdown set to damp 'euphoria’

2018-07-06 malaymail
SINGAPORE, July 6 — Singapore’s surprise crackdown to drive out speculative investments from the property market will probably hit collective sales that had become popular with developers of late, sending stocks reeling.
UOVEF 5UX DBSDY U14 5H0 UOLGY CDEVY U11 O39 WTHEF D05 C09 DBSDF UOLGF UOVEY CDEVF KPPLF

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Singapore Developer Stocks Fall After Surprise Property Curbs

2018-07-06 theedgemarkets
(July 6): Singapore property and bank stocks led declines on the benchmark stock index Friday after the government unexpectedly tightened property curbs to cool a market the central bank described as euphoric. City Developments Ltd. and UOL Group Ltd. fell more than 14 percent each.
UOVEF 5UX DBSDY U14 5H0 UOLGY CDEVY U11 O39 WTHEF D05 C09 DBSDF UOLGF UOVEY CDEVF KPPLF

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Property stocks slump after announcement of new cooling measures

2018-07-06 channelnewsasia
SINGAPORE: Property stocks in Singapore came under heavy selling in early trade on Friday (Jul 6), as investors reacted to surprise news of fresh cooling measures announced a day earlier.
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Philippines sheds over 1%; others wary before U.S. tariff deadline

2018-07-05 theedgemarkets
(July 5): Philippine shares fell more than 1% on Thursday, after the country's June inflation hit an over five-year high, while other markets in the region were subdued on caution ahead of Friday's deadline for further U.S. tariffs on Chinese goods.
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Commentary: Higher buyer’s stamp duty a wealth tax with mixed impact on the property market - Channel NewsAsia

2018-03-24 channelnewsasia - 2
The higher buyer’s stamp duty may jolt property prices, says director of the Institute of Real Estate Studies at the National University of Singapore.
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