The panel comprised (from left) UOL Chief Corporate and Development Officer Yvonne Tan, PPHG Chief Executive Officer Choe Peng Sum, UOL Chief Financial Officer Ng Tiang Poh Eric, UOL Group Chief Executive Liam Wee Sin, Singapore Land Group Limited Chief Executive Officer Jonathan Eu, UOL Chief Operating Officer Neo Soon Hup and UOL Chief Investment and Asset Officer Shirley Ng.
UOL reported a 45% increase in attributable profit before fair value and other gains (operating PATMI) to $206.6 million for 1H25, due mainly to strong performance from most business segments.
Net attributable profit (PATMI) increased 58% to $205.5 million as compared with 1H24. The increase was due to strong performance from property development and property investments, and other gains from the disposal of PARKROYAL Yangon.
Group pre-tax profit before fair value and other gains/losses totalled $319.2 million, up 30% from $245.3 million in 1H24 owing to higher operating profits from property development and property investments, as well as lower net finance expenses.
On 13 August 2025, the panel comprising UOL Group Chief Executive Liam Wee Sin, Singapore Land Group Limited Chief Executive Officer Jonathan Eu, Pan Pacific Hotels Group Limited Chief Executive Officer Choe Peng Sum, UOL Chief Financial Officer Ng Tiang Poh Eric, UOL Chief Operating Officer Neo Soon Hup, UOL Chief Investment and Asset Officer Shirley Ng and UOL Chief Corporate and Development Officer Yvonne Tan held virtual briefings with over 20 journalists and analysts on the results.
UOL Group Chief Executive Liam Wee Sin said: “Our strong results reflect the resilience of our diversified portfolio and the continued confidence in Singapore as a stable and trusted market, even in times of heightened uncertainty.”
He highlighted the strong performance of PARKTOWN Residence and UPPERHOUSE at Orchard Boulevard. To date, the Group has sold 192 out of 301 units (64%) in UPPERHOUSE at Orchard Boulevard and 1,092 out of 1,193 units (92%) in PARKTOWN Residence. “Given the strong interest, we will preview Skye at Holland in September 2025,” added Mr Liam.
“In a world adjusting to a new trade order, we will continue to be disciplined in our approach to portfolio management, project execution and capital deployment. We will adapt to changing market conditions and navigate through these uncertain times,” he said.
Analyst reports show that UOL’s strong results exceeded both research houses’ and the market’s expectations, supported by the successful execution of residential launches. As a result, six out of seven research houses are maintaining their “Buy” recommendations, with some, notably UBS, JP Morgan and Goldman Sachs, also raising their target prices for UOL.