ST: Wee Cho Yaw, family buy units in UOL project - 7 Jul 07

[Daniel Leong]

July 7, 2007
DUCHESS RESIDENCES
Wee Cho Yaw, family buy units in UOL project

UNITED Overseas Land (UOL) chairman Wee Cho Yaw and his family have
picked up six units in UOL's latest project, Duchess Residences, in
Bukit Timah.

Mr Wee bought a third-floor, 1,485 sq ft apartment for $2.31 million,
UOL said in a statement yesterday.

This works out to about $1,555 per sq ft (psf). UOL said earlier this
week that prices for the development went up to $2,100 psf.

Two of Mr Wee's children also bagged units. Daughter Wei Ling paid
$2.57 million for a 1,604 sq ft unit, while son Ee Cheong bought a
3,035 sq ft unit for $4.72 million. The in-laws of another son, Ee
Chao, picked up a fourth unit of 1,604 sq ft for $2.59 million.

The other two units were taken by Mr Wee Cho Yaw's nephew, Mr Wee Boo
Tee, and his sister-in-law, Madam Cheng Soh Chin.

Each bought a 1,485 sq ft unit. Mr Wee Boo Tee forked out $2.59
million for his unit, while Madam Cheng paid $2.46 million for hers.

Duchess Residences units were also bought by UOL director James Koh,
as well as Madam Low Rowee, the wife of UOL's president and chief
executive Gwee Lian Kheng. Mr Koh paid $2.37 million for a 1,485 sq
ft unit, while Madam Low paid $4.59 million for a 2,971 sq ft unit.

Mr Koh, Madam Low and Mr Wee Cho Yaw all enjoyed a 2 per cent
discount. The other buyers did not receive a discount.