UOA Development Bhd 3rd Quarter 2013 Results Media Release
http://www.bursamalaysia.com/market/listed...cements/1466453

Quarterly rpt on consolidated results for the financial period ended 30/9/2013
http://www.bursamalaysia.com/market/listed...cements/1466433

PROPOSED ACQUISITION OF SEVEN PARCELS OF FREEHOLD LAND AT MUKIM SETAPAK DAERAH KUALA LUMPUR FOR A TOTAL CONSIDERATION OF RM130,323,137.00 (“PROPOSED ACQUISITION”)
http://www.bursamalaysia.com/market/listed...cements/1467665

Midf recommend Neutral with FV @ 0.96

UOA sells Bangsar South property for RM72.5m

UOA Development Bhd announced today that one of its units, Paramount Properties Sdn Bhd, has entered into an agreement with Marak Moden Sdn Bhd to sell a 12-storey office building for RM 72.54 million.

The current book value of the property is RM22.89 million and the sale is expected to generate an estimated gain of RM48.21 million.

The property is located at Avenue 3, Bangsar South, Kuala Lumpur.

In its statement to Bursa Malaysia, the company said, “Due to the rapid expansion of UOA Group, the property is no longer sufficient to meet the group’s requirements,”.

“The proposed disposal is expected to contribute to the earnings of the company,” it adds.

why this counter got so big chunk of investment properties one????

UOA’s Jalan Ipoh development is being planned to emulate the success of Bangsar South

Temporarily called the Jalan Ipoh Land Development, UOA is planning a RM3bil gross development value (GDV) integrated city development sporting surrounding open spaces and expansive greenery, its general manager Eugene Lee said.

The Jalan Ipoh Land Development is intended to provide the community components similar to that of Bangsar South, such as residences, office suits, a retail mall and a hotel.

“The existing development around Jalan Ipoh is a mature one. When we purchased the land, we saw the potential of what it could be in the future,” Lee says.

UOA intends to build residential towers towards the back of the development where it is quieter than facing the highway.

Construction may begin in the final quarter next year or the first quarter of 2016, Lee says, adding that the project may take seven years to complete.

UOA is also planning for a retail mall of about 300,000 sq ft.

UOA intends to construct an access road from the Jalan Ipoh Land Development that will connect to either side of the DUKE as well as Jalan Ipoh.

This would allow traffic from Jalan Ampang or Mont’Kiara to get in.

The proposal for mass rapid transit to Batu Kentonmen, a residential suburb in Kuala Lumpur, would add to the area’s accessibility, on top of an existing commuter station in the neighbourhood.