United Overseas Australia Ltd (UOA Group) is a

property development Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re- lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to oth ...

and

investment Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

company whose operations are based mainly in Malaysia. The group's parent company is incorporated in Australia and listed on the

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

and the

Singapore Exchange Singapore Exchange Limited (SGX Group) is a Singapore-based exchange conglomerate, operating Equity (finance), equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and ...

. It has developed and constructed various commercial and residential projects in the

Klang Valley Klang Valley () is an urban agglomeration in Malaysia that is centered in the federal territories of Kuala Lumpur and Putrajaya, and including their adjoining cities and towns in the state of Selangor. It is the urban area of the much larger Ku ...

, most notably the mixed-use

Bangsar South Bangsar South ( Malay: ''Bangsar Selatan'') is an integrated property development project which sits on the former Kampung Kerinchi site in Kuala Lumpur, Malaysia. It is renamed of Kampung Kerinchi from the developer to upscale the value of land ...

district within

Kuala Lumpur Kuala Lumpur (KL), officially the Federal Territory of Kuala Lumpur, is the capital city and a Federal Territories of Malaysia, federal territory of Malaysia. It is the largest city in the country, covering an area of with a census population ...

. UOA was founded in 1987 by Malaysian engineers Kong Chong Soon and Kong Pak Lim. Prior to starting UOA, Chong Soon and Pak Lim were involved in the construction industry in Singapore and Australia respectively. The group moved its headquarters to Kuala Lumpur in 1989 and has focused its operations in Malaysia since. Up to the late 2000s, it had completed projects with an aggregate gross development value of over RM3 billion, comprising mainly small to medium-sized commercial and residential developments. In 2005, the group transferred several of its investment properties into UOA Real Estate Investment Trust (UOA REIT) and listed the

REIT A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

Bursa Malaysia Bursa Malaysia (English: Malaysian Bourses or Malaysia Exchange) is the stock exchange in Malaysia. It is one of the largest bourses in ASEAN. It is based in Kuala Lumpur and was previously known as the Kuala Lumpur Stock Exchange (KLSE). It p ...

. UOA REIT's portfolio comprises parcels of UOA Damansara in

Bukit Damansara Damansara Heights () is an upscale suburb in western side of Kuala Lumpur, Malaysia, located five kilometres away from the city centre. The suburb falls under the Segambut district and its parliamentary constituency. It is a sought-after residen ...

, UOA Center in

Kuala Lumpur City Centre Kuala Lumpur City Centre (KLCC) is a multipurpose development area in Kuala Lumpur, Malaysia. KLCC refers to the area within and surrounding the KLCC Park but the term has also been widely used by buildings nearby to the vicinity. Designed to ...

, and UOA Pantai in

Lembah Pantai Lembah Pantai is a sub-district and parliamentary constituency in south-western Kuala Lumpur, Malaysia. Constituencies adjacent to Lembah Pantai are Seputeh, Segambut and Bukit Bintang. The total number of population is 148,094 as of 2020 census ...

. Tower B of Menara UOA Bangsar, which was completed by the group in 2008, was subsequently added to the REIT. The group remains the majority unitholder of the REIT and manages the trust via UOA Asset Management Sdn Bhd. Work commenced on Bangsar South, the group's flagship development, in 2007. The 60-acre site was formerly a

squatter Squatting is the action of occupying an abandoned or unoccupied area of land or a building (usually residential) that the squatter does not Land ownership and tenure, own, rent or otherwise have lawful permission to use. The United Nations estima ...

colony in the Kerinchi area. The first phase was completed in 2011, and the district now contains residential and commercial buildings, hotels and a conference centre. The group's main Malaysian property development arm, UOA Development Bhd, was listed on Bursa Malaysia in 2011. In 2017, the group made its first foray into Australia by investing in development sites in

East Perth East is one of the four cardinal directions or points of the compass. It is the opposite direction from west and is the direction from which the Sun rises on the Earth. Etymology As in other languages, the word is formed from the fact that eas ...

and

Leederville, Western Australia Leederville is a suburb within the City of Vincent in the Perth metropolitan region of Western Australia. It is home to Aranmore Catholic College, the School of Isolated and Distance Education, North Metropolitan TAFE, Trinity Theological Colle ...

References

External links

* {{Finance links , name=UOA Development Bhd , symbol=UOAD.KL 1987 establishments in Malaysia Property companies of Malaysia Companies based in Kuala Lumpur Real estate companies established in 1987 Companies listed on Bursa Malaysia Companies listed on the Australian Securities Exchange Companies listed on the Singapore Exchange