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Urban Development Authority




The Urban Development Authority (. It serves to launch and oversee urban development projects related to business, industry, and housing. It is also tasked with developing urban infrastructure.Abdullah, Mustaza & Hj. Yahya, MatMarjani (1991). ''Kemahiran Hidup Bersepadu TERAS'', p. 109. Dewan Bahasa dan Pustaka. ISBN 983-62-2316-9


HISTORY

UDA was established on November 12 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 was publicly listed on the Main Board of the Kuala Lumpur Stock Exchange (KLSE). "INTRODUCTION" . Retrieved Feb. 17, 2006.


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 Taman Tun Dr Ismail Suburb of Kuala Lumpur , Bandar Tun Hussein Onn Jaya in Selangor , and Bandar Baru UDA in Johor Bahru . "PROPERTY DEVELOPMENT" . Retrieved Feb. 17, 2006. The development projects of UDA are implemented by its subsidiaries, PNS Development, UDA-Murni Development, UDAPEC, SBBU, and PERUDA Development. "BUSINESS ACTIVITIES" . Retrieved Feb. 17, 2006.


Maintenance

Properties belonging to or managed by UDA are maintained by its subsidiary companies. These properties include , Terengganu , Perak , Johor and Negri Sembilan , as well as the Federal Territory of Kuala Lumpur . "PROFILE" . Retrieved Feb. 17, 2006. 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 and three Resort s in Kuala Lumpur, Port Dickson , Kuala Terengganu , and Seberang Prai . These lodings are run by subsidiaries of UDA as well. "LEISURE" . Retrieved Feb. 17, 2006.

UDA has established a chain of retail outlets through a joint venture subsidiary, UDA Ocean. UDA has also ventured into Franchising , and has a fashion line named "Bonia". "RETAIL" . Retrieved Feb. 17, 2006.


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 RM 17,665,000. Basic earnings per share was 5.61 Sen , and shareholders' funds totaled RM1,159,454,000. "UHB FINANCIAL RECORDS" . Retrieved Feb. 17, 2006.


NOTES AND REFERENCES



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