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Billionaire Wee Cho Yaw's UOL Group and its unit Singapore Land submitted the top bid of $320 million for a prime residential plot in the Orchard Road shopping belt.
The Orchard Boulevard site drew decent interest, but bid prices were below expectations. Read more at straitstimes.com.
UOL Group and its unit Singapore Land sold more than half of its residential project during a private preview on Saturday in the upscale Bukit Timah enclave in the western central region of the city-state, adding to signs of resilient housing demand in the country.
It is up 306 per cent from $91.3 million in the year-ago period. Read more at straitstimes.com.