- UOL Group (SGX:U14)’s Singapore residential portfolio has proven to be resilient notwithstanding the pandemic and several rounds of property cooling measures by the Singapore government. Management is well known for its prudent land banking strategy.
- - Read this at SGinvestors.io -
Sizing up UOL’s upcoming 1H24 results
- We expect flat to slight positive core earnings growth for UOL’s upcoming 1H24 results.
- For its property development segment, several of its residential projects had already achieved decent take-up rates and high percentage of completion, which means that there would be a lower proportion of revenue left to be recognised (based on percentage of completion method).
- - Read this at SGinvestors.io -
- Meanwhile, rentals of retail space in the Singapore market were flat q-o-q in 2Q24 after a slight decline of 0.4% in 1Q24, while that of office space rose 3.1% q-o-q in 2Q24 after seeing a dip of 1.7% in 1Q24, based on Urban Redevelopment Authority (URA) statistics.
Resilient but moderating private residential property price growth
- Read more at SGinvestors.io.
