Following its tenth Annual General Meeting, today, UEM Sunrise Berhad announced its achievements for 2017 and continues to be committed to enhance its business via its strategic approaches by focusing on meeting the current market demands; monetisation of assets and rebalancing of portfolio; increase presence in the central region; create vibrancy in Iskandar Puteri; and build and differentiate the brand through customer-centric experience.
Moving forward, the Company aims to push the boundaries further to bring even more unique and community-driven lifestyle offerings to the market.
More: UEM Sunrise Existing Projects
In the Central region, the Company launched its Kondominium Kiara Kasih in Segambut – its first RUMAWIP in the Federal Territory of Kuala Lumpur. In addition to affordable products, UEM Sunrise also focuses on mid-market developments, namely those priced from RM500,000 to RM1 million per unit in both the Southern and
Central regions.
A conducive business environment is expected in 2018 as it will be a transformational year for UEM Sunrise. The Company is determined to push the boundaries to bring even more unique lifestyle offerings to the market as well as remain steadfast and more customer-centric.
UEM Sunrise Chairman, Tan Sri Dato’ Sri Zamzamzairani Mohd Isa said, “UEM Sunrise remains committed to discharge its responsibility entrusted unto us and we will strive to contribute our level best on the Company’s growth while supporting the government.
The Company has grown close to 50 years now and with combined years of experience, it has built strong and sustainable communities and grown from strength to strength, which has helped to position us as one of the leading property developers in the country and we are ready to deliver another decade of excellence ahead”, he said.
UEM Sunrise Managing Director/Chief Executive Officer, Anwar Syahrin Abdul Ajib added, “Despite the challenging property environment in 2017, UEM Sunrise managed to pull together a remarkable set of results recording the Company’s highest revenue of RM2.9 billion since listing in 2008, almost doubling profit after tax and non-controlling interest (“PATANCI”) from RM147.3 million to RM280.1 million and exceeded its sales target of RM1.2 billion by 24% nearly hitting RM1.5 billion.
As at to-date, sales stood at RM538.6 million which implies that we are on track to achieve our target of RM1.2 billion for 2018.
“We are pleased with the performance of our new project launches. In February this year, we launched Serimbun in Iskandar Puteri – a double storey landed residential development with total GDV of RM139.3 million with starting price of RM630,000 per unit and to-date, sales inclusive of bookings has already touched RM104.9 million.
Kondominium Kiara Kasih is also doing reasonably well since its launch in March 2018 and sales inclusive of bookings to-date has reached close to RM82 million.
Other ongoing developments are also progressing well and this includes Almas and Estuari Gardens, both in Puteri Harbour, Denai Nusantara, Sefina Residences and Residensi Solaris Parq in Mont’Kiara as well as Serene Heights Bangi in Selangor,” he said.
As part of the Company’s CSR initiatives, UEM Sunrise worked with Denia Development Sdn Bhd in Iskandar Puteri to build affordable homes, namely Taman Nusantara and Nusantara Prima since early 2000. The Company also developed and completed the double storey landed Bayu Nusantara and is currently completing the Denai Nusantara in Iskandar Puteri.
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