Developers For The Clement Canopy

The Clement Canopy is being developed in a joint venture by UOL and Singapore Land. The 1.3 hectare site located in Clementi Avenue 1 is one of the prime areas of Singapore. With a number of amenities and recreational facilities located nearby, the residents of The Clement Canopy will surely be the most pampered among the inhabitants of Singapore.

The Clement Canopy By UOL

About UOL Group

Clement-canopy-developersThe UOL Group is one of the largest property companies in Singapore. It has one of the best portfolios in the field of development and investment properties, serviced suites and hotels. The UOL Group delivers product excellence and the best service in all their business ventures. Their list of development projects includes office towers, residential units, shopping malls, serviced suites, and hotels. UOL owns and manages over 30 hotels across Asia and North America, through their hotel subsidiary Pan Pacific Hotels Group Limited (PPHG). The UOL Group has been the recipient of various prestigious awards such as the Aga Khan Award for Architecture, the FIABCI Prix d’Excellence Award, Urban Land Institute Awards for Excellence and the President’s Design Award. The UOL Group stays true to its core values and continues building on innovation, passion, corporate social responsibility, enterprise and people. Click here to read more

About Singapore Land Limited

singlandThe Singapore Land Limited (SingLand) was the first ever public listed property company. SingLand is one of Singapore’s largest property developers and has been associated with various prime and suburban property developments. SingLand owns one of the largest retails spaces in Singapore – over 1 million square feet and over 2 million square feet of office space. Some of these spaces include Clifford Center, The Singapore Land Tower, SGX Center, ABACUS Plaza, Tampines Plaza, Marina Square and West Mall. Although SingLand was incorporated in 1963, it was taken over by UIC Limited in 1990. Today, Singapore Land and its parent company UIC Limited form one of Singapore’s biggest property groups. Singapore Land has always played an important part in shaping and developing Singapore’s landscape. As of today, it was delisted in 2014 from the Singapore Stock Exchange making it a non-listed public company.

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Clement Canopy: A Joint Venture

The alliance of SingLand Homes Private Limited and UOL Venture Investments Private Limited were awarded the tender for developing the residential site at Clementi Avenue 1. The tender was awarded by the Urban Redevelopment Authority (URA). The bid was awarded for $302.1 million. The group was offered the land on a 99-year lease term. The board of directors of the United Industrial Corporation Limited recently announced that SingLand Homes Private Limited and UOL Venture Investments Private Limited have formed a joint venture company called the United Venture Development (Clementi) Private Limited. This joint venture company was incorporated on December 24, 2015. The Urban Development Authority awarded the tender to this endeavour. The group had paid 25% of the bid amount to the URA and had to pay the remaining amount within 90 days of being awarded the tender. The price of the tender was financed from internal resources and bank borrowings.

Long story short, the two companies are big names in the real-estate field and together they are launching better projects. You can rely on those big names and expect an ultimate living experience in their apartments.

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