UDA Holdings Berhad (formerly Urban Development Authority of Malaysia) is a Malaysian holding company. It served to launch and oversee urban development projects related to business, industry, and housing. It was also tasked with developing urban infrastructure.Abdullah, Mustaza & Hj. Yahya, MatMarjani (1991). ''Kemahiran Hidup Bersepadu TERAS'', p. 109. Dewan Bahasa dan Pustaka. After undergoing a couple of status changes, it now exists as UDA Holdings Berhad, a publicly listed company.

History

Urban Development Authority of Malaysia (UDA) was established on 12 November 1971 under the Ministry of Public Enterprise. In 1996, it was incorporated and changed its full name to UDA Holdings Sendirian Berhad (UDA Holdings Private Limited). Later in 1999, it changed its status to a public limited company and changed its name to UDA Holdings Berhad. It was subsequently publicly listed on the Main Board of the

Kuala Lumpur Stock Exchange The Kuala Lumpur Stock Exchange (KLSE; ms, Bursa Saham Kuala Lumpur) dates back to 1930 when the Singapore Stockbrokers' Association was set up as a formal organisation dealing in securities in Malaya. In 1937, it was re-registered as the Malayan ...

(KLSE).

Real estate and property

Development

UDA develops and reappropriates urban structures as it sees fit. Although this is mainly confined to redeveloping "dilapidated buildings", UDA is also responsible for conservation of historic urban buildings. Several new towns have been developed by UDA, including the

Bandar Tun Hussein Onn Bandar Tun Hussein Onn is a township in 11th-Mile Cheras (Batu 11 Cheras) in Bangi constituency, Selangor, Malaysia. It was named after the third Malaysian Prime Minister, Tun Hussein Onn (in office 1976–1981). It is primarily a residential ar ...

in Cheras; Bandar UDA Utama in

Pulai Pulai is a suburban area in the city of Iskandar Puteri, Mukim Pulai, district Johor Bahru, state of Johor, Malaysia Name Pulai was named after Pulai River.http://jpbd.johor.gov.my/images/jpbd_DokumenTerbitan/Handbook.pdf Pulai is a species ...

; Bandar Pauh Jaya in

Permatang Pauh Permatang Pauh is a town in Central Seberang Perai District, Penang, Malaysia. There are two institutions of higher learning located in Permatang Pauh, namely a campus of Universiti Teknologi MARA (UiTM) and Politeknik Seberang Perai at Bandar P ...

;

Tanjung Tokong Tanjung Tokong is a suburb of George Town in Penang, Malaysia. It is located along the northeastern coast of Penang Island, next to Pulau Tikus and northwest of the city centre. Over the recent decades, the former fishing village has been transfo ...

Penang Penang ( ms, Pulau Pinang, is a Malaysian state located on the northwest coast of Peninsular Malaysia, by the Malacca Strait. It has two parts: Penang Island, where the capital city, George Town, is located, and Seberang Perai on the Malay ...

;

Bandar Baru UDA Bandar Baru UDA is a suburb in Johor Bahru, Johor, Malaysia. It mainly consists of four phases where this townships has developed well and strategically located in the middle of Johor Bahru Town and transportation. The main population of this tow ...

Johor Bahru Johor Bahru (), colloquially referred to as JB, is the capital city of the state of Johor, Malaysia. It is located at the southern end of Peninsular Malaysia,along the north bank of the Straits of Johor, opposite of the city-state Singapore. T ...

; Pusat Bandar Tampoi in

; and Skudai Kanan in

. The development projects of UDA are implemented by its subsidiaries, PNS Development, UDA-Murni Development, UDAPEC, SBBU, and PERUDA Development."BUSINESS ACTIVITIES"
Retrieved 17 February 2006. A joint venture development between UDA, EPF and EcoWorld was announced in 2016 to develop the Bukit Bintang City Centre (BBCC), a fully integrated development located at the former site of

Pudu Jail The Pudu Prison ( ms, Penjara Pudu, ), also known as Pudu Jail, was a prison in Kuala Lumpur, Malaysia. Built in phases by the British colonial government between 1891 and 1895, it stood on Jalan Shaw (now Jalan Hang Tuah). The construction began ...

, with the project 40% owned by UDA, 40% owned by Eco World Development Group Berhad and 20% owned by EPF.

Maintenance

Properties belonging to or managed by UDA are maintained by its subsidiary companies. These properties include

shopping complex A shopping center (American English) or shopping centre (Commonwealth English), also called a shopping complex, shopping arcade, shopping plaza or galleria, is a group of shops built together, sometimes under one roof. The first known collec ...

es and

apartment building An apartment (American English), or flat (British English, Indian English, South African English), is a self-contained housing unit (a type of residential real estate) that occupies part of a building, generally on a single story. There are ...

s. UBSB is the subsidiary that handles rental collection, carpark management, building maintenance, security, and other assorted services. City Guards is the subsidiary handling most of the security work, with 212 security personnel and 10 branches guarding 22 premises in the states of

Selangor Selangor (; ), also known by its Arabic language, Arabic honorific Darul Ehsan, or "Abode of Sincerity", is one of the 13 Malaysian states. It is on the west coast of Peninsular Malaysia and is bordered by Perak to the north, Pahang to the east ...

Terengganu Terengganu (; Terengganu Malay: ''Tranung'', Jawi: ), formerly spelled Trengganu or Tringganu, is a sultanate and constitutive state of federal Malaysia. The state is also known by its Arabic honorific, ''Dāru l- Īmān'' ("Abode of Faith"). ...

Perak Perak () is a state of Malaysia on the west coast of the Malay Peninsula. Perak has land borders with the Malaysian states of Kedah to the north, Penang to the northwest, Kelantan and Pahang to the east, and Selangor to the south. Thailand's ...

Johor Johor (; ), also spelled as Johore, is a States and federal territories of Malaysia, state of Malaysia in the south of the Malay Peninsula. Johor has land borders with the Malaysian states of Pahang to the north and Malacca and Negeri Sembilan ...

and

Negri Sembilan Negeri Sembilan (, Negeri Sembilan Malay: ''Nogoghi Sombilan'', ''Nismilan'') is a state in Malaysia which lies on the western coast of Peninsular Malaysia. It borders Selangor on the north, Pahang in the east, and Malacca and Johor to the ...

, as well as the Federal Territory of

Kuala Lumpur , anthem = '' Maju dan Sejahtera'' , image_map = , map_caption = , pushpin_map = Malaysia#Southeast Asia#Asia , pushpin_map_caption = , coordinates = , su ...

. Other subsidiaries dealing with maintenance are Daya Urus and Pertama Buildings Management.

Tourism and retailing

UDA has recently expanded into the hospitality industry, operating a

hotel A hotel is an establishment that provides paid lodging on a short-term basis. Facilities provided inside a hotel room may range from a modest-quality mattress in a small room to large suites with bigger, higher-quality beds, a dresser, a ref ...

and three

resort A resort (North American English) is a self-contained commercial establishment that tries to provide most of a vacationer's wants, such as food, drink, swimming, lodging, sports, entertainment, and shopping, on the premises. The term ''resort ...

s in Kuala Lumpur,

Port Dickson Port Dickson (Negeri Sembilan Malay: ''Podeksen'', Jawi: ) is a beach resort in Port Dickson District, Negeri Sembilan, Malaysia. It is the second largest urban area in Negeri Sembilan after Seremban, its state capital. The town's adminis ...

Kuala Terengganu , image_seal = Seal of Kuala Terengganu City Council.png , image_flag = Flag of Kuala Terengganu, Terengganu.svg , image_skyline = , image_caption = From top, left to right:The Crystal Mosq ...

, and Seberang Prai. These lodgings are run by subsidiaries of UDA as well. UDA has established a chain of retail outlets through a joint venture subsidiary, UDA Ocean. UDA has also ventured into

franchising Franchising is based on a marketing concept which can be adopted by an organization as a strategy for business expansion. Where implemented, a franchisor licenses some or all of its know-how, procedures, intellectual property, use of its busine ...

, and has a fashion line named "Bonia".

Business performance

As of February 2006, the most recent full fiscal year for which statistics are available is 2004. In 2004, after-tax profit for UDA was RM17,665,000. Basic earnings per share was 5.61 sen, and shareholders' funds totaled RM1,159,454,000.

Notes and references

External links

UDA Holdings Bhd
Official website

bursamalaysia.com
Company Overview of UDA Holdings Berhad
bloomberg.com {{authority control 1999 establishments in Malaysia Economy of Malaysia Urban development Urban planning in Malaysia Housing in Malaysia Holding companies established in 1999 Malaysian companies established in 1999 Companies formerly listed on Bursa Malaysia Government-owned companies of Malaysia Minister of Finance (Incorporated) (Malaysia) Privately held companies of Malaysia