The UOL group is Asia’s largest real estate company and also Singapore’s single largest company. The chain was established in 1963 in Singapore by the name of United Overseas Land Limited but it changed its name to the present label UOL group. The group specializes in providing cutting-edge and state-of-the-art real estate properties ranging from commercial buildings, hospitality, and residential housing. There are five key business models that UOL engages in – property investment, property design and development, hotel chain operations, real estate management services as this is most important ever.
UOL Group Real Estate Properties in Singapore
The UOL group offers residential properties only in Singapore at the moment but would like to expand its horizon to different countries in the future. Some notable residential and housing properties in Singapore include – Clement Canopy, Amber 45, Tre Ver, Archipelago, Spottiswoode Residences, Thompson Three and Katong Residency. The Hotel Operations arm of the group owns and runs 19 hotels across countries like Vietnam, Singapore, Australia, Myanmar, Malaysia, and China, like the magnificent Parkroyal at Kuala Lumpur. The group has designed and constructed office buildings to multinational corporations, establishments and embassies.
UOL Group Chairman De Wee Cho Yaw
The group is chaired by Dr. Wee Cho Yaw. His father was the founder of the United Overseas Bank, which is Singapore’s leading bank in terms of market capitalization. Dr. Yaw now also chairs the bank set up by his father and also acts as the Pro-chancellor of the renowned Nanyang Tech University. Over the years, UOL has amassed global recognition and critical acclaim in the form of many international awards and accolades like the Silver Award which was awarded to the Duchess Residences in 2012 at the Asia Awards. Nassim Park was given the honor of the Honorable Mentions section at the Singapore architectural awards.
UOL Group in Commercial and Residential Properties in Singapore
UOL group is a visionary in real estate and retail market spawning multipurpose malls and retail stores like United Square shopping mall, Onekm, Velocity@Novena. These malls are new age shopping spaces endowed with sports facilities and kids’ arenas and specialize in wellness services. These are places of fostering community bonding and organize many unique events to give the shoppers truly novel experience. Some of the office buildings include Novena Square at Thompson Road, United Square and Odeon Towers.
The group is looking towards future expansion. It has come up with a new condominium at Thompson Three. In May 2013, the group announced the acquisition of Pan Pacific Company in which it owned a stake of 81%.