UOA Development to launch two projects worth RM2.7b by June
The combined GDV of these two projects is about RM1 billion, with both slated for completion in 2026.
The combined GDV of these two projects is about RM1 billion, with both slated for completion in 2026.
Spanning about 10 acres, the freehold Bamboo Hills Residences will have three residential blocks on top of a retail podium, which will serve as a hub to provide convenient access to daily necessities and services.
For FY2023, UOA Development’s net profit rose 27.
UOA Development said new property sales during the year totalled RM827.
Revenue declined by 34.
UOA Development posted a net profit of RM109.
RHB’s Loong Kok Wen said she expects its investment properties to drive earnings slightly in the coming quarters, premised on higher occupancy rates.
UOA said its units Armada Hartasegar Sdn Bhd and Regenta Development Sdn Bhd had on June 14 entered into a term sheet agreement with Hokkien Peng Restaurant Group Sdn Bhd and Hoteland Sdn Bhd.
The property developer said that its net profit and revenue were mainly derived from its ongoing development projects, namely Laurel Residence and Aster Hill, and the sales of stocks from The Goodwood Residence and United Point Residence, according to its filing.
UOA said total new property sales last year amounted to approximately RM638.