Singapore, Jan 23, 2026, 15:35 SGT — Regular session
UOL Group Ltd shares slipped on Friday, trailing the overall gains in Singapore equities as investors weighed new signals from the housing market. By 2:34 p.m. SGT, the stock dipped 0.3% to S$10.36, having fluctuated between S$10.31 and S$10.54. Around 1.27 million shares traded hands. (UOL Group Limited)
The Urban Redevelopment Authority’s latest data showed private residential prices nudged up 0.6% in Q4 2025, a slowdown from the previous quarter. Meanwhile, rents dipped 0.5%. The URA flagged a hefty supply pipeline, with about 33,100 units expected to hit the market over the next one to two years, including those from the government land sales programme slated for the first half of 2026. (Urban Redevelopment Authority)
For developers, these numbers come at a tricky time. They directly influence expectations around selling prices and the speed of new launches, which in turn can alter how aggressively firms pursue land acquisitions. Add financing costs to the mix, and shifts in rate forecasts can sway the sector even when there’s little company news to go on.
Mohan Sandrasegeran, head of research and data analytics at SRI, pointed out the recent slowdown “stems from structural supply factors, not a drop in core housing demand.” Some analysts predict a steadier 2026, with increased completions and a launch portfolio leaning toward suburban developments, which usually feature more affordable prices. (EdgeProp)
UOL slipped even as the Straits Times Index climbed to a fresh record, powered by major banks. The benchmark surged 1.4% to a high of 4,895.15 points, boosted by UOB and OCBC reaching new peaks in early afternoon trading. (The Business Times)
UOL, a property and hospitality group listed in Singapore, manages roughly $23 billion in assets, covering development projects, investment properties, and hotel operations. Its hotel division, Pan Pacific Hotels Group, runs brands like Pan Pacific and PARKROYAL. Meanwhile, its listed arm, Singapore Land Group, controls commercial properties and hotels across Singapore. (UOL Group Limited)
Supply remains the key variable. Should buyers grow wary and developers encounter stiffer pricing battles, the residential business’s earnings leverage could shrink fast. The sector might then rely more on cheaper borrowing to sustain transaction volumes.
Investors kept an eye on the newest inflation data, as Singapore’s core inflation—which excludes accommodation and private road transport—stood at 1.2% year-on-year in December. The Monetary Authority of Singapore plans to revise its 2026 inflation forecast ranges in the upcoming monetary policy statement on Jan 29. (Reuters)
