Can't help but noticing the land parcel each time I drive pass at the junction of Bedok North Rd and Bedok Reservoir Rd, which has been aquired by UOL land.
According to the website, they are launching in Nov this year.
http://www.ocbcresearch.com/Article....12143218_38998
Bedok Reservoir development to launch in November. Management indicated that it would launch its Bedok Reservoir site in Nov 11. Despite global uncertainties and possible softening of the private residential market, we think UOL would achieve decent margins given a estimated breakeven of S$825 psf and recent transactions at around S$1,000 psf in the vicinity. If economic headwinds worsen, however, the pace of sales may be somewhat slower but we believe the likelihood of this is already priced into the stock at this juncture.