UOL eyes snapping up Amber Road site for $156m

The site has a land area of approximately 69,858 sq ft.

Singapore property developer UOL Group Limited has been granted the option to acquire site known as 45 Amber Road.

The deal was made between UOL's wholly-owned subsidiary, UOL Ventures Pte. Ltd. and the owner of the property, Sin Lian Huat Co. (Pte.) Ltd.

The total consideration for the purchase of the site sits at $156m

UOL said the acquisition will be financed by internal resources and external borrowings.

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