Pinetree Hill

Project Name	PineTree Hill
Location	Pine Grove (Parcel A)
District	D21 – Upper Bukit Timah, Ulu Pandan, Clementi Park
Developer	UOL and SingLand
Tenure	99 Years Leasehold
Expected TOP	2027
Total no. of Units	520
Site area	242,561 sq ft

Pinetree Hill is a brand new condominium development jointly developed by UOL and Singland. This 99-year leasehold site is 242,561 sq ft.

In June 2022, UOL and Singland entered into a 80:20 joint venture and submitted a bid of $671,500,800, which translates to a land rate of $1,318 psf per plot ratio (psf ppr).With the land rate of $1,318 psf ppr, the new condo project at the Pine Grove residential site could be launched at $2,490 to $2,580 psf.

The Pinetree Hill is sits on an excellent location. It is linked to major roads and expressways such as Ayer Rajah Expressway (AYE), Clementi Road and Ulu Pandan Road for easy access to various parts of Singapore. Clementi and Dover MRT stations on the East West Line are about 1km away. The future residences of Pinetree Hill will be able to enjoy the marvelous convenience.

The Pine Grove area hasn’t seen a launch in more than 10 years. This plot of land has to be the closest fight in GLS tenders ever, as the top and second-highest bids only have a difference of just $800 or 0.0001%. The close bids reflect developers’ need to quickly replenish their landbank with attractive sites, and the high interest we are expecting at the Pinetree Hill.

According to UOL Group’s chief investment and asset officer, the site at Pine Grove will be developed into a 520-unit residential project. UOL anticipates healthy demand given its location in the established private residential enclave of Mount Sinai Rise. Popular primary schools in the vicinity include Henry Park and Pei Tong. Retail and lifestyle amenities nearby include Holland Village, The Clementi Mall and the Star Vista.

Future Developments

Jurong Innovation District (JID) is a 600-hectare District covering the Nanyang Technological University, JTC’s CleanTech Park, as well as the Bulim, Bahar and Tengah areas. It will be the home to a manufacturing ecosystem of R&D centres, technology partners, training providers and Factories of the Future. Singapore took another step in its dream of becoming Asia’s Silicon Valley with JID creating new opportunities in new opportunities in Industry 4.0

The 360-hectare Jurong Lake District (JLD) will be the largest mixed-use business district outside the city centre, with quality offices, housing, amenities and abundant green spaces around Jurong Lake. With 4 MRT lines serving the district by 2035, residents, workers and visitors will have enhanced accessibility to the rest of the island residences.

The Jurong Region Line (JRL) is Singapore’s seventh MRT line with 24 stations, fully underground and targeted for full completion in 2029. It will serve both existing and future development in the western part of Singapore. It will significantly improve connectivity of the region and support the development of the Jurong area, which is set to be the largest commercial hub outside the Central Business District.

Singapore’s eighth MRT line, the Cross Island Line (CRL) will be our longest fully underground line at more than 50 kilometres long, serving roughly about 27 stations. It will serve existing and future developments in the eastern, western, and north-eastern corridors, connecting major hubs such as Jurong Lake District, Punggol Digital District and Changi region.

Developer - UOL and Singland

UOL Group Limited (UOL) is one of Singapore’s leading public-listed property companies, with a track record of over 50 years. The Company has a diversified portfolio of residential, commercial developments and investment properties, hotels and serviced suites in Asia, Oceania, Europe and North America. Some of the notable residential projects by UOL includes AMO Residences, Avenue South Residence, The Watergardens at Canberra, Clavon and Meyer House.

Singapore Land Group Limited (SingLand), formerly known as United Industrial Corporation Limited (UIC), is a premier real estate company listed since 1971. Working across a diverse portfolio of real estate including commercial offices, residential and retail properties and hotels, SingLand Singapore currently include 2.5 million square feet of office space and 1 million square feet of retail space. SingLand has been working with UOL on a few joint ventures, some of the notable residential projects by SingLand includes Mon Jervois, V on Shenton, The Trever, The Clement Canopy and Archipelago.