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August 30, 2015 8:20 AM ET

Real Estate Management and Development

Company Overview of UDA Holdings Berhad

Company Overview

UDA Holdings Berhad is engaged in real estate development business. The company focuses on the development of towns and the management of shopping complexes. It is engaged in the redevelopment of new townships, public housing, recreation, hotels, commercial centers, and industrial premises; and operating hotels, resorts, cafés, and recreational projects. The company was formerly known as UDA Holdings Sdn Bhd and changed its name to UDA Holdings Berhad in July 1999. UDA Holdings Berhad was founded in 1971 and is based in Kuala Lumpur, Malaysia.

Bukit Bintang Plaza, Lott 111

Jalan Bukit Bintang

Kuala Lumpur,  55100

Malaysia

Founded in 1971

Phone:

60 3 2730 8500

Fax:

60 3 2731 8500

Key Executives for UDA Holdings Berhad

Managing Director and Director
Age: 61
Senior Vice President of Finance Division and Corporate Services Division
Group Chief Operating Officer
Senior Vice President of UDA Property Management
Senior Vice President of Development Planning & Strategic Division
Compensation as of Fiscal Year 2015.

UDA Holdings Berhad Key Developments

UDA Holdings Berhad Plans to Launch MYR 2 Billion Projects in Penang in 2015

UDA Holdings Berhad announced that it plans to launch three projects in Penang this year with a Gross Development Value (GDV) close to MYR 2 billion. The company said the projects were an integrated commercial and residential development with a GDV of MYR 1.2 billion, lifestyle project in Bertam worth MYR 600 million and two blocks of apartments, on wakaf land, with a GDV of MYR 23 million. The company would also launch a 300 unit apartment project, priced between MYR 390,000 and MYR 450,000 per unit. The company said the 68-unit apartment project on wakaf land would be a collaboration with the Penang State Religious Council and would be launched in the month of August 2015. The company also planned to launch shop offices and serviced apartment, a project in collaboration with Perak State Religious Council in Ipoh, Perak, early next year with a GDV of MYR 32 million. The company would also partner the Perlis State Economic Development Corporation this year to develop an integrated project in Kangar consisting of a 12-storey office building, shopping mall and shop offices with a GDV of MYR 106 million.

UDA Holdings Seeks Acquisitions

UDA Holdings Berhad is currently exploring the possibilities of acquiring more land. "We are in the midst of identifying strategic parcels that can give us good returns. However, we prefer to set up joint ventures with reputable developers," says Managing Director Datuk Ahmad Abu Bakar.

UDA Holdings To Consider Buying Penang Development's Shares In Tropical Island Resort

UDA Holdings Berhad will consider acquiring the shares of Penang Development Corporation in Tropical Island Resort Sdn Bhd if the state government agrees to lower the selling price, said UDA's Managing Director Datuk Ahmad Abu Bakar.

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To contact UDA Holdings Berhad, please visit www.uda.com.my. Company data is provided by Capital IQ. Please use this form to report any data issues.

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