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Real Estate

Singapore's UOL eager to bulk up overseas property portfolio

London and other mature markets on the radar

UOL deputy CEO Liam Wee Sin says the company is well positioned for property acquisitions.

SINGAPORE -- Local real estate developer UOL Group is keen to buy more properties overseas, especially in London, as part of an effort to slowly diversify its portfolio.

"We are Singapore-centric, but moving forward, we want to move a little bit of our asset allocation overseas," Liam Wee Sin, deputy CEO of UOL, said at an earnings briefing Tuesday. He did not provide a target for overseas assets' share of the company's overall portfolio. 

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