Is That Tender Still Open For Avenue South Residence Of Singapore?

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asked Mar 18, 2019 in Do it yourself by MichaelGran (400 points)

1 Answer

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answered Mar 18, 2019 by MelissaSerpa (460 points)

No, the tender has been closed for Avenue South Residences, after fixing the tender with UOL Group and other two companies, Kheng Leong Company and United Industrial Corporation. The companies are expected to undertake joint development of Avenue South Residence through a co-owned company. UOL will hold 50% of the property while the remaining half is shared between its sister companies with UIC taking 30% and KLC taking 20%.

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