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.
Going forward, UOA REIT said economic conditions remain as the key factor influencing the occupancy and rental rates of its properties.
UOA REIT invests in office buildings across Klang Valley.
UOA said total new property sales last year amounted to approximately RM638.
KUALA LUMPUR (Aug 23): UOA Development Bhd’s net profit slipped 16.
KUALA LUMPUR (May 13): UOA Group has officially launched Komune Living & Wellness, an integrated co-living and wellness facility located in Bandar Tun Razak, Cheras.
Read also: DONE DEAL: Office at UOA Business Park, Selangor DONE DEAL: Two-storey shoplot at Taman Lestari Putra, Selangor Located in Shah Alam, UOA Business Park comprises of nine blocks of Grade A offices with a row of retail shops.
Read also: DONE DEAL: Office at Boulevard Signature, Kuala Lumpur DONE DEAL: Condominium at TriTower Residence, Johor UOA Business Park is an MSC Malaysia Cybercentre certified office building comprising nine blocks of Grade A offices and a row of retail shops fronting the Federal Highway.
KUALA LUMPUR (Feb 25): UOA Development Bhd's fourth quarter net profit more than doubled to RM98.
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