UOL Group
Singapore-based real estate and hospitality group operating across the Asia-Pacific region.
Last updated August 26, 2026
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Overview
UOL Group is a Singapore-headquartered property and hospitality company whose activities span real estate development, property investment, hotel operations, hotel management, financial investments and technology distribution. The group developed from Faber Union Limited, a company established in 1963 as a subsidiary of Faber Union (HK) Limited. It became publicly traded in Singapore in 1964, providing the corporate platform through which its business later expanded. A major change in ownership and identity occurred in the 1970s. After Wee Cho Yaw and United Overseas Bank acquired a controlling interest in the company in 1973, the business was renamed United Overseas Land Limited in 1975. The new identity reflected its connection with the United Overseas Bank group and marked the beginning of its longer-term development as a Singapore property company. In 2006, the company adopted the UOL Group Limited name. UOL's property activities include the development of residential, commercial and mixed-use projects for sale, together with ownership and leasing of commercial properties and serviced suites. Its property portfolio has included or included in the past assets such as Marina Square, West Mall, Heron Plaza and The Plaza. The company has also been associated with prominent Singapore hospitality and commercial properties, including Mandarin Oriental, Singapore, Pan Pacific Singapore Hotel, PARKROYAL COLLECTION Marina Bay and PARKROYAL COLLECTION Pickering. Hospitality became a more substantial component of the group through a series of acquisitions. In 2002, UOL acquired Parkroyal, a hotel and property company. In 2007, it acquired Pan Pacific Hotels and Resorts from Tokyu Group and renamed the business Pan Pacific Hotels Group. Parkroyal was subsequently brought together with Pan Pacific within the group's hotel platform, allowing UOL to operate and manage hotels under both Pan Pacific and Parkroyal-related brands across the Asia-Pacific region. The hotel business includes owned hotel assets as well as management services for hotels. UOL also operates an investment business involving quoted and unquoted financial assets and has maintained a technology operation distributing computers and related products. These activities sit alongside its core property and hospitality businesses, giving the group a diversified structure rather than a single-property development model. The group has periodically reorganized its portfolio and corporate structure. In 2013, it decided to delist Pan Pacific Hotels and Resorts from the Singapore Exchange. In 2018, UOL acquired Singapore Land Group Limited, strengthening its position in Singapore property and broadening its development and investment base. The Wee family, which is also associated with significant shareholding interests in United Overseas Bank, remains the largest shareholder group. UOL is publicly listed in Singapore and is represented in the Straits Times Index.
History
UOL Group traces its corporate origins to Faber Union Limited, which was founded in 1963 as a subsidiary of Faber Union (HK) Limited. The company entered Singapore's public market in 1964. Its subsequent history was shaped by a change in control in 1973, when Wee Cho Yaw and United Overseas Bank acquired a controlling interest. In 1975, the company changed its name to United Overseas Land Limited, establishing the identity under which it became associated with Singapore's property sector. The company's business gradually expanded beyond a single property focus. Its activities came to include the development of properties for sale, investment and leasing of commercial properties and serviced suites, hotel ownership and operations, hotel management, financial investments, and distribution of computers and related products. This combination gave the business exposure to both recurring property income and development activity, while its hospitality arm provided a separate operating platform. Hospitality expansion was an important part of UOL's later development. The company acquired Parkroyal in 2002, adding an established hotel and property business. In 2006, it changed its name to UOL Group Limited. The following year, UOL acquired Pan Pacific Hotels and Resorts from Tokyu Group and renamed it Pan Pacific Hotels Group. Parkroyal and Pan Pacific were subsequently brought together within the group's hotel business, linking the two hospitality brands under a common corporate platform. UOL continued to adjust the structure of its listed and operating businesses. In 2013, it decided to delist Pan Pacific Hotels and Resorts from the Singapore Exchange. In 2018, it acquired Singapore Land Group Limited, a transaction that expanded UOL's Singapore real estate base and reinforced its position as a major property and investment group. The group's property and hospitality interests have included notable assets in Singapore and elsewhere in the Asia-Pacific region. Examples include Marina Square, West Mall, Heron Plaza, The Plaza, Mandarin Oriental, Singapore, Pan Pacific Singapore Hotel, Pan Pacific Sonargaon, Pan Pacific Suzhou, PARKROYAL COLLECTION Marina Bay and PARKROYAL COLLECTION Pickering. The portfolio has included both properties owned or previously owned by the group and hotel assets operated through its hospitality platform. UOL remains headquartered in Singapore and operates across the Asia-Pacific region. The Wee family is its largest shareholder group, and the company is publicly listed in Singapore and included in the Straits Times Index. Its corporate identity is therefore based on a combination of Singapore property ownership and development, regional hospitality operations, investment activity and supporting management services.
- 2018
Singapore Land Group acquisition
[1]UOL acquires Singapore Land Group Limited.
- 2013
Pan Pacific delisting decision
[1]UOL decides to delist Pan Pacific Hotels and Resorts from the Singapore Exchange.
- 2007
Pan Pacific Hotels and Resorts acquisition
[1]UOL acquires the Pan Pacific hotel business from Tokyu Group and renames it Pan Pacific Hotels Group.
- 2006
UOL Group name adopted
[1]United Overseas Land is renamed UOL Group Limited.
- 2002
Parkroyal acquisition
[1]UOL acquires Parkroyal, expanding its hotel and property operations.
- 1975
Renamed United Overseas Land
[1]The company changes its name from Faber Union Limited to United Overseas Land Limited.
- 1973
Change in controlling ownership
[1]Wee Cho Yaw and United Overseas Bank acquire a controlling interest.
- 1964
Public listing in Singapore
[1]Faber Union Limited becomes publicly traded on the Singapore Exchange.
- 1963
Faber Union Limited is founded
[1]The company is established as a subsidiary of Faber Union (HK) Limited.
Products and positioning
A Singapore-listed, diversified real estate and hospitality group combining property development, investment ownership, hotel operations and hotel management across Singapore and the wider Asia-Pacific region.
Real estate
Property development
UOL develops residential, commercial and mixed-use properties for sale. This business is one of the group's principal activities and complements its strategy of retaining selected assets for investment and recurring leasing income.
Real estate
Property investment
The group owns and manages commercial properties and serviced suites, generating income through leasing and related property operations. Its Singapore portfolio has included assets such as Marina Square, West Mall, Heron Plaza and The Plaza.
Hospitality · 2007
Pan Pacific Hotels and Resorts
Pan Pacific is UOL's international hospitality platform, acquired from Tokyu Group in 2007 and subsequently organized as Pan Pacific Hotels Group. The portfolio has included hotels such as Pan Pacific Singapore, Pan Pacific Sonargaon and Pan Pacific Suzhou.
Hospitality · 2002
PARKROYAL
PARKROYAL is the hotel business acquired by UOL in 2002 and later operated alongside the Pan Pacific platform. Notable Singapore properties associated with the group include PARKROYAL COLLECTION Marina Bay and PARKROYAL COLLECTION Pickering.
Hospitality services
Hotel management services
UOL provides management services for hotels in addition to operating hotels that it owns. This allows the hospitality business to participate in regional hotel operations through both owned assets and managed properties.
Technology distribution
Technology distribution
The group has a technology operation involved in distributing computers and related products. This is a supporting business segment alongside property, hospitality and investment activities.
Brand decisions
2018
Acquire Singapore Land GroupM&ABackground
UOL pursued greater scale in Singapore property development and investment.
Action taken
UOL acquired Singapore Land Group Limited.
Aftermath
The acquisition strengthened UOL's Singapore real estate platform.
2013
Delist Pan Pacific Hotels and ResortsStrategyBackground
UOL reviewed the structure of its hotel business after expanding the platform through Parkroyal and Pan Pacific.
Action taken
The company decided to delist Pan Pacific Hotels and Resorts from the Singapore Exchange.
Aftermath
The hotel business continued as part of UOL's broader hospitality operations.
2007
Acquire Pan Pacific Hotels and ResortsM&ABackground
UOL sought to expand its regional hotel platform after acquiring Parkroyal in 2002.
Action taken
The company acquired Pan Pacific Hotels and Resorts from Tokyu Group and renamed the business Pan Pacific Hotels Group.
Aftermath
Pan Pacific was combined with Parkroyal within UOL's hospitality operations.
Recent events
- 2018
UOL acquires Singapore Land Group[1]
M&A
UOL acquired Singapore Land Group Limited, strengthening its Singapore property portfolio and corporate real estate platform.
- 2013
Pan Pacific Hotels and Resorts delisting decision[1]
Other
UOL decided to delist Pan Pacific Hotels and Resorts from the Singapore Exchange as part of the group's corporate structure.
- 2007
UOL acquires Pan Pacific Hotels and Resorts[1]
M&A
UOL acquired Pan Pacific Hotels and Resorts from Tokyu Group and renamed the business Pan Pacific Hotels Group.
- 2006
United Overseas Land adopts UOL Group name[1]
Other
The company was renamed UOL Group Limited as it developed a broader property, investment and hospitality identity.
- 2002
UOL acquires Parkroyal[1]
M&A
UOL acquired Parkroyal, expanding its hotel and property activities.
- 1975
Company changes name to United Overseas Land[1]
Other
Following the change in control, Faber Union Limited adopted the United Overseas Land Limited name.
- 1973
Wee Cho Yaw and United Overseas Bank acquire control[1]
M&A
Wee Cho Yaw and United Overseas Bank acquired a controlling interest in the company, initiating its closer association with the Wee family and the bank group.
- 1964
Faber Union becomes publicly traded in Singapore[1]
Other
Faber Union Limited, the predecessor of UOL Group, became a publicly traded company on the Singapore Exchange.
Sources3 sources
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