Sunway Property targets RM2.2bil sales in 2022

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PETALING JAYA: Sunway Property is focusing on RM2.2 billion in sales and RM2.3 billion in launches this yr, with nearly 70 per cent of its new launches in Malaysia.

Sunway Property managing director Sarena Cheah mentioned in 2022, the property developer will proceed to speculate in townships whereas launching community-centric inexperienced developments that are strategically positioned in excessive progress areas.

“Cautiously we’re optimistic that the demand is there however there are uncontrollable occasions that we now have to watch out of however having survived two years of various sorts of uncertainties, we’re much more ready,” she mentioned throughout her speech on the Sunway Property Business Update and Media Briefing 2022 right here right now.

“We are seeing, throughout our enterprise items, be it the theme park, retail malls, and even hospitality, a pick-up in financial actions and demand that augurs very effectively and provides us a greater really feel of how persons are feeling,” she continued. “I feel by finish of the yr, each resort or vacation vacation spot (might be) totally booked. It can be a chance for builders of life and houses to cater to the brand new calls for.”

Sunway Property posted a document RM2.55 billion in sales final yr regardless of the pandemic, attributed to good sales in Singapore.

The sales achievement is the developer’s highest in its historical past, surpassing its revised sales goal of RM2.2 billion from its preliminary sales goal of RM1.6 billion.

In addition, Cheah mentioned “the pandemic has put sustainability and wellness on high of everybody’s agenda” and {that a} key initiative “is to develop built-in wellness hubs anchored by Sunway Medical Centre throughout Malaysia’s excessive progress areas to supply holistic medical and wellness providers to enhance the general wellbeing.”

She added that the developer will proceed to help the nation’s transition to a low-carbon, climate-resilient economic system by remodeling its townships into sensible and sustainable cities.

The developer will intention to proceed to have all of its belongings – accomplished from 2025 – be green-building licensed, and perform power, water and waste administration throughout its developments.

Sunway Property is at the moment grasp planning eight built-in wellness hubs throughout Malaysia’s highest progress areas the place it has built-in townships and developments -Klang Valley (Sunway City Kuala Lumpur, Sunway Velocity in Kuala Lumpur, and Sunway Damansara), Penang (Sunway Seberang Jaya and Sunway Valley City), Ipoh (Sunway City Ipoh), and Johor (Sunway City Iskandar Puteri), in addition to Kota Bharu the place it is going to be constructing its newest wellness hub.

The hubs might be anchored by Sunway Medical Centre with Singapore’s sovereign wealth fund GIC Pte Ltd an funding and strategic associate. Sunway will make investments RM2 billion in capex in the subsequent 4 to 5 years to construct the medical centres.

In phrases of residential launches, Sunway Property will launch the primary tower of serviced residences in Jernih Residence in Kajang with a gross growth worth (GDV) of RM281 million, condominium and superlink items in Sunway Alishan in Kuala Lumpur (GDV RM261 million), and the primary tower of serviced residences in Bukit Jalil (GDV RM275 million).

In Penang, the developer will launch townhouses in Sunway Wellesley (GDV RM120 million), and condominium items in Sunway Dora (GDV RM71 million).

It can be planning property launches in Ipoh and Johor. – Bernama



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