UOA Group

{{Short description|Malaysian property development company}}

{{Infobox company

| name = United Overseas Australia Ltd

| logo = UOA Group logo.jpg

| type = Public limited company

| traded_as = {{ubl|{{ASX|UOS}} |{{SGX|EH5}} }}

| ISIN =

| foundation = {{Start date and age|df=yes|1987}}

| location_city = UOA Corporate Tower
Bangsar South, Kuala Lumpur

| location_country = Malaysia

| key_people = {{plainlist |

• Kong Chong Soon (Founder, Chairman & CEO)
• Kong Pak Lim (Founder, Executive Director)

}}

| industry = {{plainlist|

• Property development
• Property investment

}}

| revenue = {{nowrap|{{decrease}} A${{0|0,}}324 million (2016){{citation |title=Annual Report 2016 |url=http://uoa.com.my/sites/default/files/uoa-ltd-annual-report-2016.pdf |archive-url=https://web.archive.org/web/20240719034147/http://uoa.com.my/sites/default/files/uoa-ltd-annual-report-2016.pdf |url-status=dead |archive-date=July 19, 2024 |publisher=United Overseas Australia Ltd |date=2016-12-31 |access-date=2017-07-11 }}}}

| net_income = {{nowrap|{{increase}} A${{0|0,}}250 million (2016)}}

| assets = {{nowrap|{{increase}} A$2,109 million (2016)}}

| equity = {{nowrap|{{increase}} A$1,649 million (2016)}}

| subsid = {{plainlist |

• UOA Development Bhd (69.11%)
• UOA Real Estate Investment Trust (46%)

}}

| homepage = {{url|http://uoa.com.my}}

}}

United Overseas Australia Ltd (UOA Group) is a property development and investment company whose operations are based mainly in Malaysia. The group's parent company is incorporated in Australia and listed on the Australian Securities Exchange and the Singapore Exchange. It has developed and constructed various commercial and residential projects in the Klang Valley, most notably the mixed-use Bangsar South district within Kuala Lumpur.

UOA was founded in 1987 by Malaysian engineers Kong Chong Soon and Kong Pak Lim.{{cite news |title=Top 40 richest in Malaysia: 26-30 |url=http://www.thestar.com.my/business/business-news/2017/02/04/top-40-richest-in-malaysia-26-30/ |newspaper=The Star |date=2017-02-04 |accessdate=2017-07-11}}{{Citation |chapter=Profile of Board of Directors |chapter-url=http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=180221&name=EA_DS_ATTACHMENTS |title=Annual Report 2016 |publisher=UOA Development Bhd |date=2016-12-31 |accessdate=2017-07-10 |chapter-format=pdf}} Prior to starting UOA, Chong Soon and Pak Lim were involved in the construction industry in Singapore and Australia respectively.{{Cite news |title=Klang Valley a haven for UOA Dev |url=http://www.thestar.com.my/business/business-news/2013/05/25/klang-valley-a-haven-for-uoa-dev-developer-prefers-the-area-to-other-states-for-its-best-returns/#yZT98Hod5gQG6rUb.99 |newspaper=The Star |date=2013-05-25 |accessdate=2017-07-10 |last=Loh |first=John}} The group moved its headquarters to Kuala Lumpur in 1989 and has focused its operations in Malaysia since.{{cite news |title=Bangsar South City |url=http://www.property-report.com/bangsar-south-city/ |magazine=Property Report |date=2010-11-25 |accessdate=2017-07-10}} 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.{{cite news |title=Right timing seen for UOA Development listing |url=http://www.thestar.com.my/business/business-news/2011/05/21/right-timing-seen-for-uoa-development-listing/#a1t7vYl8CMfZXiSv.99 |newspaper=The Star |date=2011-05-21 |accessdate=2017-07-10 |last=Huong |first=Thomas}}

In 2005, the group transferred several of its investment properties into UOA Real Estate Investment Trust (UOA REIT) and listed the REIT on Bursa Malaysia. UOA REIT's portfolio comprises parcels of UOA Damansara in Bukit Damansara, UOA Center in Kuala Lumpur City Centre, and UOA Pantai in Lembah Pantai.{{cite web |title=Property Portfolio |url=http://www.uoareit.com.my/property.php |publisher=UOA Real Estate Investment Trust |accessdate=2017-07-10}} Tower B of Menara UOA Bangsar, which was completed by the group in 2008, was subsequently added to the REIT.{{cite news |title=UOA REIT may buy 2 buildings for RM500m |url=http://www.theedgemarkets.com/article/uoa-reit-may-buy-2-buildings-rm500m |date=2010-03-09 |newspaper=The Edge |accessdate=2017-07-10}} The group remains the majority unitholder of the REIT and manages the trust via UOA Asset Management Sdn Bhd.{{cite web |title=Group Profile |publisher=UOA Group |url=http://uoa.com.my/about-us/group-profile |accessdate=2017-07-10}}{{cite web |title=The Manager |url=http://www.uoareit.com.my/manager.php |publisher=UOA Real Estate Investment Trust |accessdate=2017-07-11}}

Work commenced on Bangsar South, the group's flagship development, in 2007.{{cite news |title=UOA Development holds middle course |url=http://www.thesundaily.my/news/1060614 |newspaper=The Sun |last=Singh |first=Rupinder |date=2014-05-28 |accessdate=2017-07-11}} The 60-acre site was formerly a squatter colony in the Kerinchi area.{{cite news |title=Integrated mixed development for Bangsar South |url=http://www.thestar.com.my/business/business-news/2009/07/25/integrated-mixed-development-for-bangsar-south/ |newspaper=The Star |date=2009-07-25 |accessdate=2017-07-11}} 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.{{cite news |title=UOA gears up for IPO |url=http://www.thestar.com.my/business/business-news/2011/05/12/uoa-gears-up-for-ipo/ |newspaper=The Star |date=2011-05-12 |accessdate=2017-07-11 }}

In 2017, the group made its first foray into Australia by investing in development sites in East Perth and Leederville, Western Australia.{{cite news |title=Malaysian developer acquires second Perth site |url=https://www.businessnews.com.au/article/Malaysian-developer-acquires-second-Perth-site |newspaper=Business News Western Australia |date=2017-04-17 |accessdate=2017-07-11 |last=Wilkie |first=Dan}}