Singapore Land Group's Subsidiary to Purchase Thomson View Condo for SG$810 Million

MT Newswires

2024-10-28

Singapore Land Group (SGX:U06), through its subsidiary, SingLand Residential Development, has entered into a put and call option agreement for the purchase of Thomson View Condo, in a joint venture with United Venture Development and CL Onyx, for SG$810 million.

United Venture Development (UVL) is an indirect subsidiary of UOL (SGX:U14), CL Onyx is an indirect wholly owned subsidiary of CapitaLand Development (SGX:9CI), according to a filing with the Singapore Exchange on Saturday.

UVL is 80:20 held by UOL Venture Investments and SingLand Residential Development.

UOL will pay SG$4.6 billion for the acquisition based on its stake.

Price (SGD): S$1.79, Change: S$+0.030, Percent Change: +1.70%

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