UOL-UIC tie-up in top bid for Clementi Ave 1 site


The Clementi Avenue 1 GLS site was awarded to both UOL Group Limited and United Industrial Corporation Limited (UIC) with a winning bid of $491.3 million. Liam Wee Sin, Chief Executive of UOL Group has foreseen that Clavon condominium will not be a attraction to home owners and upgraders with close proximity to educational centres such as Nan Hua High School, National University of Singapore (NUS), it will also attract investors looking into rental yields with tenant profiles working in Science Park, One-North and National University Hospital (NUH).



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