# UOL readies mega Thomson Reserve condo launch in 4Q2026, and luxury NoMad Hilton hotel debut

- **Source:** EdgeProp Singapore
- **Published:** 2026-08-12T12:56:33.000Z
- **Author:** Fiona Lam
- **Original:** https://www.edgeprop.sg/property-news/uol-readies-mega-thomson-reserve-condo-launch-4q2026-and-luxury-nomad-hilton-hotel-debut
- **Topics:** HDB & Public Housing, Private Residential, New Launches

## Featured rationale

Strong existing sales and healthy demand-supply dynamics signal developer confidence, while the mega launch could materially expand new-home supply around Upper Thomson MRT Station.

## AI summary

UOL and CapitaLand Development will launch the 1,268-unit Thomson Reserve in 4Q2026, following UOL projects that were 79% to 100% sold by Aug 9.

## Original article

The 1,268-unit Thomson Reserve residential development — a joint venture (JV) between UOL Group and CapitaLand Development — will be launched for sale in the fourth quarter of 2026.

Following which, the debuts of the Dorset Gardens condo and the Hougang Central landmark mixed-use development are both slated for 2027.

UOL's solid launch pipeline follows recent strong sales momentum from property development, across Singapore projects such as Watten House, Pinetree Hill, Meyer Blue, Skye at Holland, UpperHouse at Orchard Boulevard, and ParkTown Residence.

Read also: Aspiring HDB upgraders plan to buy private homes below $2.5 mil, prefer RCR and OCR condos: survey

Those projects, in which UOL has a 90% effective stake, are between 79% and 100% sold as at Aug 9, the property and hospitality group said in its 1H2026 financial results announcement on Aug 12.

Higher operating profits from property development and property investments drove a 16% y-o-y increase in UOL’s attributable profit before fair value and other gains (operating Patmi) to $239.8 million for the first half of this year.

UOL noted that its projects' resilient sales performance comes as Singapore's residential market has been supported by healthy demand-supply dynamics and strong household balance sheets. The company expects new home sales to remain stable.

"Demand for quality homes in good locations has remained healthy, with buyers continuing to gravitate towards new launches that offer strong connectivity and comprehensive amenities," said Liam Wee Sin, UOL group CEO.

"This gives us confidence as we prepare for the launch of Thomson Reserve, our next residential development," he added.

Upcoming residential launches

Thomson Reserve, a high-profile mega development that will rise on the site of the former Thomson View condo along Bright Hill Drive, is set to launch in 4Q2026.

Read also: Frasers Property logs $1 bil in pre-sold residential revenues; shareholders to vote on hospitality portfolio optimisation on Aug 28

It is a 50:50 JV between UOL Group and CapitaLand Development.

Sitting on a 51,567 sq m (555,063 sq ft) leasehold site, it will comprise 1,268 residences, ranging from two-bedroom to five-bedroom units.

UOL and CapitaLand's $810 million en bloc purchase of Thomson View, first announced in October 2024, was completed in October 2025.

Located next to Upper Thomson MRT Station and within 1km of Ai Tong School, the new condo is expected to offer panoramic views of MacRitchie Reservoir, Windsor Nature Park, and the Lower and Upper Peirce Reservoirs.

Also in the pipeline is the Dorset Gardens project, which will feature two 28-storey residential towers with about 428 units and is targeted for launch in the first half of 2027.

An 80:20 JV between UOL Group and Kheng Leong, the project will sit on a 10,399 sq m leasehold government land sale (GLS) site. The consortium was awarded the site after having submitted the top bid of $1,338 psf per plot ratio (ppr) or $524.3 million, out of nine bids, last October.

The upcoming Dorset Gardens condo will be located along Dorset Road in District 8 in the city fringe, next to Farrer Park MRT Station and popular schools such as St Joseph’s Institution.

Read also: Co-living sets the stage for Ngee Koon, Zenco Casa's ambitions in hospitality interiors

Meanwhile, in the second half of 2027, the Hougang Central project is expected to launch.

Situated on a 46,899 sq m leasehold site, the mixed-use development will have more than 800 residential units with about 28,000 sq m of commercial space.

It will also be integrated with Hougang MRT Station and the new bus interchange and town plaza.

The residential component is a 40:10:50 JV between UOL Group, Kheng Leong and CapitaLand Development. The commercial component is fully owned by CapitaLand Integrated Commercial Trust.

The consortium clinched the GLS site this January for about $1.5 billion or a land rate of $1,179 psf ppr.

Marina Square revamp and The Clifford redevelopment

As for its property investments, UOL is looking to partially redevelop the Marina Square complex, which comprises Marina Square shopping mall, Pan Pacific Singapore, Parkroyal Collection Marina Bay, and Mandarin Oriental, Singapore.

In its Aug 12 bourse filing, UOL said it will likely provide updates on the timeline by the third quarter of 2026. That is when it expects to obtain the Written Permission for the Strategic Development Incentive (SDI) Scheme.

The company had submitted the revised proposal in 2H2025 to URA to transform the Marina Square complex, with the addition of three buildings — a residential tower, a serviced apartment block, and a mixed-use tower with hospitality, office, and performing arts spaces.

Meanwhile, The Clifford at Raffles Place is slated for completion in 2028.

It is a redevelopment of the former Clifford Centre into a new 35-storey commercial office tower with net lettable area spanning more than 405,000 sq ft of premium Grade A office space, retail and lifestyle amenities.

Steady hospitality performance

In the hospitality sector, UOL reported resilient operating performance for the first half of 2026.

Occupancy for owned hotels was stable at 77% in Singapore (unchanged from 1H2025), up slightly to 74% in Oceania (from 72% previously), and also edging up to 68% in other markets such as China, Vietnam, Malaysia, Myanmar, Indonesia and the UK (from 66% previously).

Revenue per available room (RevPAR) also went up on a y-o-y basis in each market: $293 in Singapore (from $291), $170 in Oceania (from $160), and $122 in other markets (from $115).

UOL expects Singapore's hospitality sector to be supported by stable visitor arrivals and a pipeline of MICE and high-profile entertainment events.

"However, the operating environment remains challenging amid global uncertainties, manpower constraints and rising costs," the company said.

Against this backdrop, it is scheduled to open the first NoMad hotel in the Asia Pacific region, along Orchard Road in Singapore, in late 2026.

The hotel has obtained its temporary occupation permit, UOL said on Aug 12.

The 19-storey luxury lifestyle hotel will comprise 173 rooms as well as curated commercial and retail offerings. It is situated at the former Faber House, which was an eight-storey commercial building sitting across the road from 313@somerset.

Liam had said earlier that NoMad Hilton Singapore is a key part of UOL’s placemaking vision for Orchard Road, alongside its luxury residential project UpperHouse at Orchard Boulevard and the Pan Pacific Orchard hotel.

Greater share of profit from JVs, higher revenue from property investments

Group revenue for the first half of the year fell 7% y-o-y to $1.44 billion on lower revenue from property development.

However, UOL clarified that this was because the group entered into more development projects through JVs — such as those for ParkTown Residence and Skye at Holland, which were launched in February and October 2025 respectively.

In fact, those joint venture development projects resulted in a significant y-o-y increase of $83.7 million in the group’s share of profit from JV companies in the half-year period.

That in turn contributed to a $53.8 million increase in pre-tax profit before fair value and other gains as compared to a year ago.

Revenue from property investments increased 4% to $316.7 million. It was driven by higher contributions from Singapore Land Tower and West Mall — both of which completed asset enhancement initiatives in 2025 — and from Varley Park in Brighton, UK, which was acquired in August 2025.

This was partly offset by the disposal of KINEX mall in Singapore last October.

Check out the latest listings for Thomson Reserve properties

## Chinese translation

> Translation model: openai_codex_cli

### UOL 准备于 2026 年第四季度推出大型公寓项目 Thomson Reserve，并迎来豪华 NoMad Hilton 酒店首秀

筹备中的项目还包括 2027 年上半年的 428 个单位 Dorset Gardens 公寓，以及 2027 年下半年拥有超过 800 套住宅的 Hougang Central 综合枢纽

由 UOL Group 与 CapitaLand Development 组成的合资企业（JV）开发的 1,268 个单位 Thomson Reserve 住宅项目，将于 2026 年第四季度推出销售。

随后，Dorset Gardens 公寓和 Hougang Central 地标性综合用途发展项目均计划于 2027 年亮相。

UOL 稳健的推出项目管线，紧随其房地产开发近期强劲的销售势头，包括新加坡项目 Watten House、Pinetree Hill、Meyer Blue、Skye at Holland、UpperHouse at Orchard Boulevard 和 ParkTown Residence。

延伸阅读：Aspiring HDB upgraders plan to buy private homes below $2.5 mil, prefer RCR and OCR condos: survey

UOL 在这些项目中拥有 90% 的实际权益；该房地产与酒店集团在 8 月 12 日发布的 2026 年上半年财务业绩公告中表示，截至 8 月 9 日，这些项目已售出 79% 至 100%。

房地产开发和房地产投资带来的更高营运利润，推动 UOL 今年上半年扣除公允价值及其他收益前归属利润（operating Patmi）同比增长 16%，至 2.398 亿新元。

UOL 指出，其项目具韧性的销售表现，得益于新加坡住宅市场受到健康供需动态和强劲家庭资产负债表的支撑。公司预计新房销售将保持稳定。

“优质地段优质住宅的需求保持健康，买家继续倾向于提供强大连通性和完善配套的新推出项目，”UOL 集团首席执行官 Liam Wee Sin 表示。

“这让我们在筹备推出 Thomson Reserve，即我们的下一个住宅项目时充满信心，”他补充说。

即将推出的住宅项目

Thomson Reserve 是一个备受瞩目的大型发展项目，将建于 Bright Hill Drive 沿线前 Thomson View 公寓地段，预计于 2026 年第四季度推出。

延伸阅读：Frasers Property logs $1 bil in pre-sold residential revenues; shareholders to vote on hospitality portfolio optimisation on Aug 28

它是 UOL Group 与 CapitaLand Development 各持 50:50 的合资项目。

项目坐落于 51,567 平方米（555,063 平方英尺）的租赁地契地段，将包括 1,268 套住宅，户型从两房到五房单位不等。

UOL 与 CapitaLand 以 8.10 亿新元集体出售/en bloc 购入 Thomson View 的交易，最早于 2024 年 10 月公布，并于 2025 年 10 月完成。

该新公寓毗邻 Upper Thomson MRT Station，并位于 Ai Tong School 1 公里范围内，预计可享有 MacRitchie Reservoir、Windsor Nature Park 以及 Lower and Upper Peirce Reservoirs 的全景景观。

筹备中的项目还包括 Dorset Gardens，该项目将设有两栋 28 层住宅楼，约 428 个单位，目标于 2027 年上半年推出。

该项目由 UOL Group 与 Kheng Leong 以 80:20 组成合资企业开发，将坐落于 10,399 平方米的租赁地契政府售地（GLS）地段。该财团去年 10 月在九份标书中提交最高标价，以每平方英尺地积比 1,338 新元（psf ppr）或 5.243 亿新元中标该地段。

即将推出的 Dorset Gardens 公寓将位于第 8 区城市边缘 Dorset Road 沿线，毗邻 Farrer Park MRT Station 及 St Joseph’s Institution 等热门学校。

延伸阅读：Co-living sets the stage for Ngee Koon, Zenco Casa's ambitions in hospitality interiors

与此同时，Hougang Central 项目预计于 2027 年下半年推出。

该综合用途发展项目坐落于 46,899 平方米的租赁地契地段，将拥有超过 800 个住宅单位，以及约 28,000 平方米的商业空间。

项目还将与 Hougang MRT Station、新巴士转换站和市镇广场整合。

住宅部分由 UOL Group、Kheng Leong 和 CapitaLand Development 以 40:10:50 组成合资企业开发。商业部分由 CapitaLand Integrated Commercial Trust 全资拥有。

该财团于今年 1 月以约 15 亿新元或每平方英尺地积比 1,179 新元的地价取得该 GLS 地段。

Marina Square 翻新与 The Clifford 重建

至于房地产投资方面，UOL 正考虑部分重建 Marina Square 综合体，该综合体包括 Marina Square 购物商场、Pan Pacific Singapore、Parkroyal Collection Marina Bay 和 Mandarin Oriental, Singapore。

UOL 在 8 月 12 日提交给交易所的公告中表示，其很可能会在 2026 年第三季度前后提供时间表更新。公司预计届时将取得 Strategic Development Incentive (SDI) Scheme 的书面许可。

公司已于 2025 年下半年向 URA 提交修订提案，以改造 Marina Square 综合体，并新增三栋建筑，即一栋住宅楼、一栋服务式公寓楼，以及一栋包含酒店、办公和表演艺术空间的综合用途大楼。

与此同时，位于 Raffles Place 的 The Clifford 计划于 2028 年竣工。

该项目是将前 Clifford Centre 重建为一栋新的 35 层商业办公楼，净可出租面积超过 405,000 平方英尺，提供优质 Grade A 办公空间、零售和生活方式配套。

酒店业务表现稳定

在酒店业方面，UOL 报告称 2026 年上半年营运表现具韧性。

自有酒店入住率在新加坡稳定于 77%（与 2025 年上半年持平），在大洋洲小幅升至 74%（此前为 72%），在中国、越南、马来西亚、缅甸、印度尼西亚和英国等其他市场也微升至 68%（此前为 66%）。

每间可用客房收入（RevPAR）在各市场也同比上升：新加坡为 293 新元（此前为 291 新元），大洋洲为 170 新元（此前为 160 新元），其他市场为 122 新元（此前为 115 新元）。

UOL 预计，新加坡酒店业将受到稳定访客到访量，以及 MICE 和高知名度娱乐活动管线的支撑。

“然而，在全球不确定性、人力限制和成本上升的背景下，营运环境仍具挑战，”公司表示。

在此背景下，公司计划于 2026 年末在新加坡 Orchard Road 开设亚太地区首家 NoMad 酒店。

UOL 于 8 月 12 日表示，该酒店已取得临时入伙准证。

这栋 19 层豪华生活方式酒店将包括 173 间客房，以及精选商业和零售配套。它位于前 Faber House，该建筑曾是一栋八层商业楼，坐落在 313@somerset 对面。

Liam 早前曾表示，NoMad Hilton Singapore 是 UOL 对 Orchard Road 场所营造愿景的重要组成部分，与其豪华住宅项目 UpperHouse at Orchard Boulevard 和 Pan Pacific Orchard 酒店相辅相成。

合资企业利润份额增加，房地产投资收入提高

集团今年上半年收入因房地产开发收入下降而同比下跌 7%，至 14.4 亿新元。

不过，UOL 澄清，这是因为集团通过合资企业参与了更多开发项目，例如分别于 2025 年 2 月和 10 月推出的 ParkTown Residence 和 Skye at Holland。

事实上，这些合资开发项目使集团在半年期间来自合资公司的利润份额同比大幅增加 8,370 万新元。

这进而使扣除公允价值及其他收益前的税前利润较一年前增加 5,380 万新元。

房地产投资收入增长 4%，至 3.167 亿新元。增长由 Singapore Land Tower 和 West Mall 的更高贡献推动，二者均于 2025 年完成资产提升计划；以及来自英国 Brighton 的 Varley Park，该项目于 2025 年 8 月收购。

这部分被去年 10 月出售新加坡 KINEX mall 所抵消。

查看 Thomson Reserve 房地产的最新房源