An architect's rendering of one of UOA's residential developments in Malaysia, the $130 million Desa Centre.

Malaysian developer acquires second Perth site

A major Malaysian property developer is eyeing Perth as a launchpad for an entry into the Australian market, off the back of a $14 million acquisition of a development site in Leederville.

ASX- and SGX-listed United Overseas Australia today announced it had purchased a 4,000 square metre plot of land on Newcastle Street in Leederville, in a deal worth $14 million.

UOA has a long track record of project delivery in Malaysia, while it reported a net profit of $162 million in 2016.


(existing subscribers)

The password field is case sensitive.
Request new password

Register for free

Sign up here for free access to 7 articles per month + twice daily business email alerts.

Thanks! This question prevents spammers...
Enter the characters shown in the image.

Add your comment

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
89thNRW Holdings92%-6%
94thMacmahon Holdings87%-4%
290thUnited Overseas Australia12%15%
639thPremiere Eastern Energy-41%0%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$16.6m Bought
$21k Bought
$4k Bought
Total value as at the date of the transaction
Source: Morningstar


15th↓Premiere Eastern Energy$457.0m
16th↓United Overseas Australia$425.5m
17th↓NRW Holdings$370.3m
18th↓Macmahon Holdings$366.5m
232 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from United Overseas Australia

19thChong Soon Kong$2.025m
20thPak Lim Kong$2.024m
1123rdAlan Winduss$63k
Ranked by total remuneration from all listed WA companies

BNiQ Disclaimer