UOL forms 50-50 joint venture with Kheng Leong to develop Secure Venture Development (Geranium)
Reuters2026/08/12 10:23- UOL formed new Singapore property-development joint ventures with Singapore Land, Kheng Leong, CapitaLand Singapore, Mitsubishi Estate during 1H 2026.
- Key venture: Dandelion Development, a 50:50 JV between Secure Venture Development (Dandelion) and CapitaLand-Mitsubishi-backed Comet One.
- Effective stake in Dandelion Development: UOL 30%; Singapore Land 10%; Kheng Leong 10%; CapitaLand 30%; Mitsubishi Estate 20%.
- Also set up Secure Venture Development (Geranium), a 50:50 real estate development venture between UOL and Kheng Leong.
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