UOL Group Limited is one of Singapore's leading property developers. UOL was founded in 1963 as Faber Union. In 1975, it received its current name after being purchased by United Overseas Bank Limited in 1973. UOL's business includes developing and managing residential properties, shopping malls, office buildings and hotels, primarily in Singapore.
In 2007, UOL Group Limited acquired a 100% stake in global hotel chain Pan Pacific Hotels Group. The company then merged its existing hotel chain, operated under the Parkroyal brand, with Pan Pacific. UOL now operates over 30 hotels in Asia, Oceania, and North America under the two brands.
UOL's registered office is located at 101 Thomson Road #33-00 United Square Singapore 307591.
UOL Group Limited is listed on the Singapore Exchange (SGX) under the code U14.
Property development - Undertakes the development of properties for sale. The property development activities of the UOL Group are concentrated in Singapore, China and the United Kingdom. In the year end 31 December 2019, the property development segment accounted for 37.10% (SGD 847.1 million) of total revenue.
Hotel operations - Undertakes the operation of hotels owned by the company. The hotel operations of UOL Group are located in Singapore, Australia, Vietnam, Malaysia, China and Myanmar and key asset and profit contributions are from the hotels in Singapore and Australia. In the year end 31 December 2019, the hotel operations segment accounted for 28.63% (SGD 653.7 million) of total revenue.
Property investments - Undertakes the leasing of commercial properties and serviced suites, with activities concentrated in Singapore. In the year end 31 December 2019, the property investments segment accounted for 24.16% (SGD 551.7 million) of total revenue.
Management services & technologies - The management services and technologies segment undertakes the provision of hotel management services under the Pan Pacific and PARKROYAL brands. It also undertakes project management and related services and the distribution of computers and related products including the provision of systems integration and networking infrastructure services. In the year end 31 December 2019, the management services and technologies segment accounted for 7.69% (SGD 175.6 million) of total revenue.
Investments - The investment segment of UOL Group's quoted and unquoted financial assets, at fair value through other comprehensive income (FVOCI) and available-for-sale, relates to equity shares with country exposures in Singapore, China and United Arab Emirates. In the year end 31 December 2019, the investments segment accounted for 2.42% (SGD 55.2 million) of total revenue.
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