OUE junks idea of expanding into Australia, Europe for now

It's looking at tier-3 China cities.

According to Maybank Kim Eng, OUE sees limited growth opportunities in Singapore in the next 2-3 years, especially with existing high property prices.

Following the attempted acquisition, OUE has been receiving many acquisition offers from overseas.

It cited that land costs in some US cities are one-tenth in Singapore, and value of properties could double or triple in the coming years as the economy pick ups.

Here's more from Maybank Kim Eng:

OUE is also looking at assets in tier-3 cities in China for its next engine of growth. Australia and Europe are citied as countries that OUE probably will not be venturing into in the near term.

The company also revealed that there is possibility of the Meritus brand expanding into Chonqing and Mandarin gallery venturing into Beijing.

It remains cautious on the Iskander development, opining that there will be winners and losers in the properties build-up, as not all landparcels are equally favorable.

Those land tracts facing the water-front are more attractive, but their prices have since also escalated.

Also Read

One Sophia sells 30% of units at weekend launch

SLA launches tender to revitalise Tanjong Katong Complex

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit