- We view UOL Group (SGX:U14) as a key beneficiary of Singapore’s resilient housing market amid the material decline in interest rates.
Resilient home prices and stronger than expected volume growth.
- - Read this at SGinvestors.io -
- Meanwhile, transaction volumes have been robust, with developers selling 10,299 private residential property units for 10M25, representing y-o-y growth of 171%. This has already exceeded our full year volume forecast of 7,000-8,000 units, although there are unlikely any new launches for the rest of the year.
Brisk sales momentum for UOL’s recent new launches.
- - Read this at SGinvestors.io -
- Given the healthy sales momentum, UOL has sought to replenish its landbank with the successful award of a government land sales (GLS) site at Dorset Road for S$524.3m (S$1,338 psf per plot ratio (ppr)), and also completed the S$810m en bloc acquisition of Thomson View Condominium which translates to an attractive acquisition cost of S$1,178 psf ppr. This is expected to be redeveloped into a sizeable 1,240- unit project with slated launch in 2Q26.
Raise our revenue forecast and fair value estimate.
- Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2025-11-18
Read also OCBC's most recent report:
2026-02-27 UOL Group - Portfolio Rejuvenation Plans In Sight.
Price targets by other brokers at UOL Target Prices.
Listing of research reports at UOL Analyst Reports.
Relevant links:
UOL Share Price History,
UOL Announcements,
UOL Dividend Payout Dates & Corporate Actions,
UOL News
