Press Release – Sunway City among top smart city initiatives in Asia Pacific

Press Release – Sunway City named among top smart city initiatives in Asia Pacific

~Sunway City wins as Integrated Smart and Low-Carbon Township in the IDC Smart City Asia Pacific Awards (SCAPA) alongside Hong Kong~

Sunway City, 21 August 2017 –
Malaysia’s Sunway City has been recognised as Top Smart City Initiative in Asia Pacific excluding Japan (APeJ) under the Smart Buildings category by IDC Government Insights, a leading market intelligence and advisory firm for IT, telecommunications and consumer technology markets. Sunway City won as an Integrated Smart and Low-Carbon Township, alongside category winner Zero Carbon Building from Hong Kong.

The transformation from a wasteland made barren from tin-mining activities into the wonderland that it is today, has made Sunway City a model of sustainability for other township developments in the region. Sunway City is Malaysia’s first fully integrated green township as certified by Green Building Index in 2012, and was named a Low Carbon City by the Malaysian Institute of Planners in 2016.

Sunway City has come a long way in the last four decades and now hosts a thriving community of 200,000 who live, learn, work, play, be healthy and safe in a connected environment.

Its development is deeply intertwined with the rise of the Sunway Group, as it has organically spurred the growth of Sunway’s 12 diverse businesses, making it one of Malaysia’s leading conglomerates today.

“In all our endeavours, sustainability and social responsibility have been an integral part of our business framework as we expand our presence worldwide and work towards a sustainable future. Sunway is committed to the United Nations Sustainable Development Goals (SDGs) and I hope to continue creating positive impact on our cities and communities within Malaysia and beyond in line with the SDGs,” says Tan Sri Cheah.

Sunway is setting out to make its mark in advancing the SDGs in the region through the Jeffrey Sachs Center on Sustainable Development (JSC), which was launched at Sunway University in November 2016. The JSC was set up as part of a strategic partnership between the Jeffrey Cheah Foundation and the United Nations Sustainable Development Solutions Network, initiated and driven by Tan Sri Cheah, who has become a champion of sustainability in the region.

Sunway City’s sustainable integrated township model has been successfully adapted across the country evident in the 1,350-acre lush Sunway City Ipoh, and the upcoming 1,800-acre Sunway Iskandar developments. Sunway City is now intensifying efforts through various smart initiatives which will set the blueprint for future smart cities in Malaysia, ASEAN and beyond.

Now on its third year, SCAPA recognises the most outstanding smart city projects in APeJ across a total of 14 functional smart city award categories. However, 18 projects were named as the best in APeJ as IDC saw intensified competition in four categories and where a tie was declared this year. These categories are Administration, Education, Land Use and Environmental Management, and Smart Buildings.

Sunway Group’s smart city project, Sunway City, was among the 130 high-quality smart city initiatives submitted for this award by local governments, vendors and the public across the APeJ region, and was amongst the 46 shortlisted initiatives eligible to the final public voting phase.

“Among the strong contenders in the Smart Buildings category of the 3rd annual IDC Smart City Asia Pacific Awards (SCAPA) 2017, Sunway’s ‘Integrated Smart and Low-Carbon Township’ stood out a key mega-project that showcased the use of innovative technologies to better address the management of building ecosystem-wide infrastructures. We would like to take this opportunity to congratulate Sunway on its well-deserved win by securing votes from IDC analysts, the SCAPA adjunct council as well as public opinion polls,” says
Gerald Wang
, Head of IDC Government and Education Insights Asia Pacific.

IDC launched the Smart City Development Index to help establish the fundamental causes of birth, evolution, and survival of key cities in the region. Part of this research includes identifying the top smart city initiatives in Asia Pacific and recognising deserving countries and organisations through SCAPA.

IDC Government Insights went through a rigorous six-phased benchmarking exercise to determine the Top Smart City projects for 2016-17. These included identifying and cataloguing the key Smart City projects in Asia Pacific by IDC Analysts across APeJ (25%), online voting to determine public opinion (50%), and the assessment of an International Advisory Council (25%).

— end —

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Press Release: Sunway Among First In Malaysia To Support Climate-related Financial Disclosures

Sunway City Kuala Lumpur, 22 February 2021
– Sunway’s three public-listed companies namely Sunway Berhad, Sunway Construction Group Berhad and Sunway REIT – have become one of the first few Malaysian companies to join over 1,700 organisations from around the globe to support the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). These recommendations support the goals of the Paris Agreement to limit global warming to below two degrees Celsius, compared with pre-industrial levels and aims to achieve a carbon neutral world by 2050.

Sunway Group president Tan Sri Chew Chee Kin said, “We have aligned our material ESG issues to the United Nations Sustainable Development Goals as part of our strategy for Sunway Group’s long-term success and economic value. With the TCFD, we have a strategic tool for engagement between our companies and investors.

Our commitment to disclosure in accordance with the recommendation of TCFD will help our company identify and assess risks posed by climate change. Sunway will continue to accelerate its sustainability strategy towards our continued growth, and to attract capital for continuous low-carbon innovation while driving to deliver a sustainable future for all.”

The four areas of disclosure recommendations laid out by the taskforce are governance, strategy, risk management, as well as metrics and targets. In 2020, we have set up a Board Sustainability Committee to oversee, assess and manage material matters that are ESG-related. The Board oversees the Group’s sustainability strategy and integrates sustainability risks into our overall risk management. Data on greenhouse emissions from our operations are reported annually in our Sustainability Report.

Sunway actively embarks on initiatives that are in line with its commitment to advancing the 17 United Nations Sustainable Development Goals as well as its vision for Sunway City Kuala Lumpur to be a living laboratory where real-world solutions are generated for the betterment of the environment and humankind.

The investment in a water treatment plant in Sunway City Kuala Lumpur is one of Sunway’s key sustainability milestones. Using its existing mining lakes at Sunway South Quay and Sunway Lagoon as catchment areas, 8.5 million litres of water is processed every day and provided to selected commercial buildings within the township. The amount is sufficient to meet the water consumption needs of about 51,500 people. Rainwater is also harvested for purposes of cleaning and landscaping. The water system the Sunway City Kuala Lumpur looks into drainage, supply, recreational activities and the city’s environment.

Last year, Sunway joined forces with ENGIE Southeast Asia to boost the country’s environmental sustainability effort through the expansion of the district cooling technology. The partnership will accelerate the adoption of district cooling technology in Malaysia, which will contribute towards the nation’s environmental sustainability goals.

In 2020 the Group was able to generate 3% of electricity from solar panels, divert
4%
of waste from the landfill and reduce water intensity by
23%
 from baseline year of 2015.

— End of Press Release —

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Sunway Construction will share 35% net profits with YOU.

Yes, the YOU here would refer to anyone who has units of Sunway Construction Group Bhd which is in the process of listing on the Main Market of Bursa Malaysia. The plan is to pay out at least 35 percent of its net profit to investors as dividends and it will be a policy. Based on the number of shares and a retail price of RM1.20 per share, the total market capitalisation would be at around RM1.55 billion upon listing. Indeed, another RM1 billion company listed in Bursa Malaysia. The retail offer has opened on 29 June and will close on 6 July. Sunway Bhd will retain a 51 percent stake so as to have a controlling interest in the business direction.

If you are buying, you may be glad to know that the following cornerstone investors are buying as well. They are Great Eastern Takaful Bhd, Great Eastern Life Assurance (Malaysia) Bhd, UOB Asset Management (Malaysia) Bhd, Overseas Assurance Corp (Malaysia) Bhd, Maybank Asset Management Sdn Bhd, Hong Leong Asset Management Bhd, Affin Hwang Asset Management Bhd, Maybank Islamic Asset Management Sdn Bhd, RHB Asset Management Sdn Bhd and Asian Islamic Investment Management Sdn Bhd.

Companies which can guarantee a good dividend policy would be companies which are quite established. The higher the guaranteed dividend policy, the more stable the company is with regards to its performance. Note though that higher dividend policy does not necessary mean that the company is earning huge profits. It may even mean that the company does not need too much funds to expand. Thus huge growth may be limited. As for 35 percent as a dividend payout, it is considered above the usual but is not considered very high. This may mean Sunway Construction continue to need funds to reinvest its profits into its business to grow even larger and thus higher profits in future. I would personally rate a dividend policy of 50 percent or higher as high. So, higher potential growth versus a stable and high dividend payout, you just have to balance what you love more and invest accordingly. At this point in time, I have not taken any action with regards to this IPO. Happy investing.

written on 3 July 2015

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Press Release: Suncon records highest quarterly PBT since listing

This is a press release by Sunway Construction Group Berhad:

— start —

SUNCON RECORDS HIGHEST QUARTERLY PBT SINCE LISTING

Order book replenishment of RM 0.9 billion against targeted RM 2 billion

High visibility for future earnings from current outstanding order book of RM 4.6 billion

Construction margin improved to 8.1% from 4.4% from the immediate preceding quarter

whilst precast margin also improved at 23.0% from 20.0

The nation’s largest pure-play construction Group, Sunway Construction Group Berhad recorded a PBT of RM 44.2 million for the quarter ended March 31, 2017 which represents the highest quarterly PBT since its listing in July 28, 2015.

The construction group has also recorded an order book replenishment of RM 0.9 billion against its target of RM 2 billion with a high visibility for its future earnings from its current outstanding order book of RM 4.6 billion.

The construction margin has improved to 8.1% from 4.4% from the immediate preceding quarter whilst precast margin also improved at 23.0% from 20.0%. Sunway Construction Group has also been reinstated in Securities Commission Malaysia’s Shariah-compliant list.

“We are confident about our continued good performance backed by a strong order book and a steady flow of big ticket infrastructure projects riding on infrastructure boom. We look forward to new work orders in the likes of the LRT3 project which is expected to be awarded in the third quarter of 2017,” said Sunway Construction Group Managing Director, Chung Soo Kiong.

The reported revenue for the current quarter ended March 31, 2017, was RM419.5 million and profit before tax is of RM44.2 million for the current quarter compared to revenue of RM424.3 million and profit before tax of RM37.5 million in the corresponding quarter of the preceding financial year.
Download a full report here.

— end–

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3,714 sq ft (super huge) in Sunway Damansara and only RM946,000?

In case, you like to know where is this Sunway Damansara, google map image as below. There’s an auction unit from the Sunway Opal Damansara development. The price is also very attractive for the size. RM946,000 for 3,714 sq ft? To put this in context, typical build-up for a 20 x 70 double storey landed property may be around 1,600 sq ft to 1,800 sq ft.  If the property is a 24 x 70, then probably the build-up could be 2,300 – 2,400 sq ft. Note that this is just a general guide. Some homes may be bigger or smaller.

So, this 3,714 sq ft meant that it’s possibly 2 times the size of a double-storey landed terrace unit! Image as below. Opal Damansara Condominium. Tenure is leasehold. Auction date is 8th February 2021 and the deposit required to bid would be 10% of the auction price. If we use price per sq ft calculation, this is just RM255 per sq ft.  Okay, we must note that when the size of the unit is smaller, the price per sq ft is usually higher and bigger units tend to have a smaller price per sq ft. So, even for the same area, there’s no such thing as the same price per sq ft for a small unit versus a larger unit.

Ready to buy for your family?

3,714 sq ft is suitable for most family size… It’s suitable even for a family of 4 and the grandparents love visiting occasionally. There are 5 bedrooms and there are 5 bathrooms too. No need to share with anyone.  A couple can also buy of course but I am not someone who fancy staying in a super huge place where I occupy just one room while all the other 4 rooms are left empty. Erm… just not my personality. So, if you have been looking around for big-sized unit, it may not necessary be landed. This one’s way bigger than most of the landed you have viewed if they are terrace homes.

How to bid?

If you happened to be the only bidder, you will win this at RM946,000. The market price is said to be much higher. You can go to the actual website to register for this auction yeah. Cannot register through kopiandproperty.com.
The actual site is this one.
 All the best and hopefully there’s only one bidder who is you, the reader of this article. Perhaps can even tell me if you are the successful bidder. I can write a follow up article too.  Happy bidding!

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Sunway Dora Achieves 89% Take-Up Rate

Media Release:
Sunway Dora Achieves 89% Take-Up Rate

Sunway Property’s Signature Product Right in the Heart of High-Growth Bayan Baru, Penang Well-Received

Penang, Mar 27 ~ Master Community Developer, Sunway Property has launched the residential component of its latest freehold development, Sunway Dora in high-growth Bayan Baru, Penang, achieving an 89% take-up rate in total for the non-bumi condominiums alongside of its 100% take-up rate for its non-bumi commercial shop units which have been launched earlier.

Sunway Dora, the developer’s
Signature Product,
 is worth RM 128 million in gross development value and comprises 156 units of residential units and 22 units of commercial shops with generous parking spaces for residents and visitors.

“Homebuyers and investors see Sunway Dora’s strategic location and green living offering as a great investment that captures the best of Bayan Baru’s rise as Penang’s new economic hotspot with the proposed Bayan Lepas LRT track, Intel Corporation’s RM 30 billion expansion in the Bayan Lepas Industrial Park, as well as the rise of business services and outsourcing activities within the area as exemplified by the nearby Mayang Global Business Service Centre and Mahsuri Global Business Service Centre,” said Sunway Property Penang General Manager Fong Choon Fuoi.

He added that Bayan Baru is anticipated to accelerate its growth into a vibrant township as it is Penang’s industrial hotbed which will create jobs and bring in further FDIs.

Progressive Lifestyle Founded on the Sunway Design and Development Architecture

Designed according to the Sunway Design and Development Architecture (SDDA) which encourages the Sunway community to live healthier, more sustainable, and holistic lifestyles, Sunway Dora integrates elements of Sustainability, Innovation, Health, and Wellness, as well as Lifestyle and New Experiences.

The GreenRE certified development incorporates high-performance considerations in energy efficiency, water efficiency, carbon emission, environmental protection, and indoor environmental quality, protecting both the environment and residents’ well-being in its design and build while effectively achieving cost savings for occupants during operations. One of these considerations is the express ramps in the five-level parking zone that grants a shorter traveling distance to the residents’ allocated carpark easily.

Access ramps are provided in all units to ensure that the home is elderly and wheelchair friendly. All bedrooms are externally facing to allow natural lighting. There are also units with dual-key designs ready for homebuyers who are considering the homes for multi-generational living or a semi-investor unit where the private unit can be rented out for additional income.

Some green features in Sunway Dora include a recycling room, rainwater harvesting, a heat-insulated rooftop, energy-saving lifts, and balconies with water taps to encourage urban farming.

Residents are well-equipped with a variety of facilities to encourage the pursuit of health and social activities at the facilities level of the development which has ample amenities including a swimming pool, wading pool, gymnasium, half basketball court, children’s play area, outdoor fitness station, BBQ area, herb garden, community hall, reading room, outdoor reading enclave, and multipurpose lawn.

As for lifestyle and new experiences, Sunway Dora’s residents will be located in the very heart of urban conveniences, surrounded by the vibrant commercial hotspots in Bayan Baru. Residents at Sunway Dora will be able to easily access F&B outlets as well as living necessities within the retail shops in the development as well as the surrounding areas.

Healthcare institutions such as Pantai Hospital (600m) are within close vicinity while retail and entertainment hubs including the largest shopping mall in Penang, Queensbay Mall (4km), Giant Bayan Baru Hypermarket (800m), Sunshine Square (1km), Bukit Jambul Complex (3km) and the Bayan Baru Wet Market (800m) are just a short walk or ride away with a new Mitsui Outlet Mall planned near the Penang International Airport.

The world’s first hybrid solar-powered MICE and sports venue, SPICE Arena (800m), and the Bukit Jambul Golf and Country Club (3km) offer a multitude of recreational facilities while education institutions such as SKJC Min Sin (2km), SJKC Chong Cheng (2km), SJKC Kwang Hwa (3km), and INTI International College (3km) are close by.

As for connectivity, Sunway Dora is located 2km away from the Bayan Lepas Industrial Zone, 3km from the Tun Dr Lim Chong Eu Expressway, 5km from Penang International Airport, 6km from the Second Penang Bridge and 7km from the Penang Bridge.

— end of media release —

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Press Release:
Sunway Flora Residences Opens Sales Gallery for first GreenRE Platinum Residential Development in Bukit Jalil

Bukit Jalil, Feb 23, 2022 ~ Master Community Developer, Sunway Property is bringing its
Signature Product
to Bukit Jalil for the first time in its history.

The craftmanship of Sunway Flora Residences is based on the Sunway Design & Development Architecture (SDDA) and it will be the first GreenRE Platinum residential development in Bukit Jalil.

The developer will be hosting the grand opening of Sunway Flora’s Sales Gallery in Bukit Jalil on the last weekend of February, and visitors can view the show units and obtain exclusive pre-launch vouchers.

The latest freehold residential development, worth RM 723 million in gross development value, is strategically located in the fast-growing vicinity of Bukit Jalil just 700 meters away from the Muhibbah LRT station and a mere three kilometers from Pavilion Bukit Jalil.

“We are excited by the unveiling of Sunway Flora Residences as this is our first entry into the burgeoning township of Bukit Jalil. We had earmarked Bukit Jalil as a location suited for a top-notch integrated development, as it is one of the most highly sought after addresses with its 80-acre recreational park within the vicinity and its proximity to a world-class sports complex. Bukit Jalil is anticipating even more growth with the MRT Putrajaya line being completed,” said Sunway Property Central Region Senior Executive Director, Chong Sau Min about the development.

“Sunway Flora will deliver a spectacular integrated biophilic living environment, a design concept that increases occupant connectivity to the natural environment through the use of nature, space and place. The residents will enjoy 4.3 acres of nature-inspired facilities including a 1.3-acre private linear park. We look forward at Sunway Flora delivering great livability for owner-occupiers as well as definite capital growth for investors,” he added.

A Holistic Lifestyle Founded on the Sunway Design and Development Architecture

Designed according to SDDA which encourages the Sunway Community to live healthier, more sustainable, and holistic lifestyles, Sunway Flora Residences integrates elements of Sustainability, Innovation, Health and Wellness, as well as Lifestyle and New Experiences.

Focused on sustainability, Sunway Flora is a GreenRE Platinum development designed with energy and water efficiency in mind. Alongside the indoor air quality, the building’s thermal performance, natural ventilation, and renewable energy were some of the considerations that were involved. This allows reduced carbon emissions when in operation and considers the environmental protection and ample green features to be included during the design and construction stage.

To reduce the inconveniences that residents face in a high-rise development, Sunway has built an in-and-out express ramp in Sunway Flora’s six-level parking zone allowing residents to directly access straight to their parking floors easily without having to go in circles just to reach their allocated parking lots. Additionally, residents are also able to charge their electric vehicles right at home as EV charging bays have been incorporated within the multi-level parking zones.

Each of the units are thoughtfully-designed, with ample natural lighting and ventilation, which promotes energy savings as well as better indoor air quality for the occupants of the building. With an emphasis on multi-generational living, the development incorporates designs to cater to the elderly, children, and differently-abled. Ramps are available in the foyer and bathrooms areas, with spacious layouts for all units that range from 1,055 sq.ft to 1,507 sq.ft. All of the bedrooms are designed to be generous enough to fit in a study or workspace. Each unit comes with both a wet and dry kitchen.

A digital lockset for keyless home entries is also provided for enhanced security, alongside the 24-hour multi-tier security system for the overall development. For easy convenience, a dedicated parcel and food delivery space is made readily available for the residents.

To support the residents’ health and wellness goals, Sunway Property has designed 4.3 acres of facilities which span three levels, enveloped in a lush natural environment, providing a 1.3-acre linear park, a mini jungle trail, skate park, sensory garden, a 1km jogging cum cycling track, a 50m infinity pool, jacuzzi, badminton cum multipurpose court, basketball court, gym room, yoga deck, and a rooftop garden promoting healthy living.

A great lifestyle and new experiences are abundant as residents are located only three kilometers away from the brand-new Pavilion Bukit Jalil – the largest of its kind within the southern corridor, offering some two million square feet (net lettable area) of lifestyle and retail experiences. In addition to Pavilion Bukit Jalil, residents will have ample access to vibrant retail and F&B options within Giant Kinrara, Pearl Point Shopping Mall, IOI Mall Puchong, Sunway Pyramid within a 10 km radius.

Sunway Property has also invested in building a covered walkway to connect the development to the Muhibbah LRT station. With the secured walkway built with a perimeter fencing, residents will be able to access the LRT station within 700m safely.

Amenities which are within a five-kilometer radius include educational institutions such as the International Medical University, SJK (C) Lai Meng, and Tzu Chi International School. Recreational facilities such as the Bukit Jalil recreational park, the Bukit Jalil Golf and Country Resort, and the Bukit Jalil National Stadium is also close by.

Buyers of Sunway Flora Residences will also be automatically become a member of Sunway Property Pals+ (SPP+); an after-care service that Sunway Property provides to homeowners, sub-sale owners, and tenants that ensures they are taken care of past the point of transaction. SPP+ provides rental support in terms of rent credits, homecare and management services, as well as exclusives rewards and privileges for the convenience of the Sunway community.

Sunway Flora’s grand sales gallery will be opening on February 25 and 26, and will include a ribbon-cutting ceremony, an acrobatic lion dance, and other fun-filled activities. Everyone will be able to take part and be a winner in the Spin & Win contest for prizes up to RM5,000*.

For more information on Sunway Flora, please log on to
https://sunwayflora.com
 or call : 1700-81-1155

*T&Cs Apply

– End-

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Sunway Geolake: 65% bookings and 90% signing the S&P on the same day.

Press Release by Sunway Property

SUNWAY GEOLAKE RESIDENCES 65% BOOKED AT EXCLUSIVE PREVIEW

Low density development with 420 units of condominium and 44 units of townhouse on 6.5 acres of land (70 units per acre)

Landscape designed by award-winning landscape architect – Seksan Design

Safe and secure environment, opposite Sunway’s healthcare and education facilities with access to Sunway City’s world-class amenities

Senior and disabled-friendly

Sunway City, 5 July 2018 –
 The exclusive preview for Sunway Property’s latest masterpiece, Sunway GEOLake Residences achieved overwhelming response with 65% bookings and 90% of the registrants signing the sales and purchase agreement on the same day.

Held at the Property Sales Gallery in Menara Sunway, the by invitation-only event was well-attended by Sunway PALS members and priority registrants.

Sunway GEOLake Residences is a low-density residential development, and the final gem in the RM2billion Gross Development Value (GDV) Sunway GEO series located in Sunway South Quay – a 178 acres of international neighbourhood comprising a variety of residential and commercial components.

Sunway GEOLake’s recent success follows the track-record set by the previously launched developments within the Sunway GEO Series including Sunway GEO Tower (fully-tenanted), Sunway GEO Residences (100% sold), Sunway GEO Residences 2 (100% sold), Sunway GEO Retail Shops (99% sold), and Sunway GEO Flexi Suites (99% sold).

Overlooking the azure 28 acres of Sunway South Quay Lake, the development is landscaped by the award-winning landscape architect Seksan Design and features the first urban farming community garden and longest maze garden in a residential development.

With an approximate GDV of RM650 million, Sunway GEOLake Residences comprises 420 units of condominium and 44 townhouses spreading across 6.49 acres of land located in Sunway City. The sizes of the condominium units range from 883 sq. ft to 1,776 sq. ft. with price per sq ft averaging at RM900 sq. ft. The condominium units are housed within a single 44 storey tower block in the low density development of 70 units per acre.

Sunway GEOLake Residences also includes have senior and disabled-friendly access within the units’ layout, facilities and common areas. The doors in the units are designed to be wider with ample space in the rooms while the common areas have ramps that allow for better accessibility and mobility.

Mr. Chong Sau Min, Executive Director, Property Development Division, Central Region, Sunway Berhad, attributed Sunway GEOLake Residences’ favourable start to a combination of factors.

“We are pleased with the positive feedback received from the buyers who are supportive of the integrated concept of the development. With its strategic location, the Sunway GEO series adds value for buyers through its proximity to Sunway City which has unparalleled amenities such as healthcare and education services; which paired which with extensive landscaping, consistent with our commitment to green living in a safe environment within the development itself.”

“We are humbled and thankful for the support and confidence from our buyers in our delivery of the past Sunway GEOLake series. We look forward to welcome more interests once the final phase of Sunway GEOLake Residences is officially launched to the public,” he added.

Sunway GEOLake Residences is directly connected to the best of Sunway City through an elevated canopy walkway. The development is located right opposite the award-winning Sunway Medical Centre, close to Sunway University and Monash University, and a short stroll to Sunway Pyramid Mall. Homeowners will also be directly connected to the elevated Bus Rapid Transit station via Sunway GEO Avenue which joins to the LRT and KTM stations.

Sunway City’s free shuttle bus service provides the community absolute convenience within Sunway City, a safe city with 24 hours CCTV surveillance supported by security personnel including auxiliary police. Residents of Sunway GEOLake Residences will also be able to access free unlimited wi-fi provided by the developer in Sunway City.

Purchasers of Sunway GEOLake are eligible for the “Make it Possible” campaign which offers rewards up to RM150,000 ranging from smart investment plans, fully-furnished home packages, attractive incentives, and guaranteed loans which will vary depending on projects.

Sunway Property is set to launch RM2 billion GDV worth of properties this year, and is on track in meeting sales target of RM1.3 billion.

For more information, please log on to
http://www.sunwaygeolake.com

— end of press release —

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Press Release: Sunway GEOLake Residences Buyers Welcomed into Luxurious Sustainable Community within A World Class City

New homebuyers receive keys nine months ahead of targeted delivery with digital experience

Master Community Developer Sunway Property this month has started to hand over 417 units of the Sunway GEOLake Residences lakeside condominiums and 39 units of the townhouses to its new homebuyers at its flagship future-forward city, Sunway City Kuala Lumpur close to nine months ahead of its targeted delivery despite the various MCO phases, a feat that one would describe as almost impossible during these tough times, especially during the pandemic, thanks to the help of its contractors and vendors.

As the nation slowly resumes to normalcy, Sunway Property also acknowledges the importance and the need to uphold the safety and wellness of its community. Hence,
as part of Sunway Property’s effort to minimise contact and keep its community safe without compromising customer experience, the new homebuyers have an option to be welcomed to the development through a digital experience.

Each homeowner was also presented with a healthy gift box from Wise Crafters, a start-up under the Sunway iLabs accelerator programme that produces healthy meals. This collaboration is in line with Sunway’s effort to innovate and foster new ideas into the ecosystem through the seamless collaboration and partnership of Sunway’s 13 business units with the start-up community.

Homebuyers and their families who had chosen to view their units virtually were personally introduced to the development via ZOOM by Sunway Property’s dedicated customer service personnel, as well as presented with a set of video tutorials to help them understand better. The video tutorials included a vacant possession briefing, an introduction to Sunway Property Online and a walkthrough of the common facilities and their unit.

Sunway Property Online, available as apps for download on Apple App Store and Google Play Store, is part of Sunway Property’s digitalisation efforts that were initiated during the pandemic to provide an online platform that offers end-to-end service for Sunway Property homebuyers.

Through the apps, each homebuyer’s experience will be customised to their needs with the homebuyers being able to access community events, retrieve important documents related to their property, track billing statements and payment, view monthly construction progress, and arrange for their VP appointment, among others. Through this initiative, homebuyers can also enjoy everyday-life convenience as the online platform will also enable the homebuyers to book facilities, log in service requests, and manage visitor arrival and departure.

Sunway Property Managing Director, Sarena Cheah said, “We are excited to welcome our new community into Sunway GEO, our integrated development within the ever-evolving Sunway City Kuala Lumpur as a future-forward city. They are now a part of our growing Sunway community and we look forward to the community’s growth alongside us.”

The entire Sunway GEOLake Residences development consists of 420 units of condominiums and 44 units of townhouses overlooking the Sunway South Quay lake which has its own community private yacht. A low-density development on an almost seven-acre plot of land, the development is the epitome of green luxury. Currently, the development is 100% sold.

The community within the award-winning development will be living within a spacious compound with extensive facilities that espouses wellbeing. Residents will be immersed in a lush landscape with the longest maze garden designed by award-winning architect, Sek San who is aligned to Sunway City Kuala Lumpur’s low-carbon city focus.

Within the development, there are close to 20 resort-style facilities for the community to enjoy, including a dragon walk playground, a well-manicured central park, a community pavilion, a recreational fitness park, a family pool, a lifestyle pool deck, a rock jacuzzi, an infinity pool, a splash pool and a community urban farm.

The development is connected to the larger Sunway GEO development including the Sunway GEO Avenue retail development. Residents will be able to access the retail offerings through a linked walkway which is safeguarded by Sunway’s own private security team, which includes auxiliary police trained by the Royal Malaysian Police. The Sunway GEO Avenue development offers residents a host of conveniences including a fitness centre, Sunway’s very own TCM facility, a collection of stellar F&B options, a Jaya Grocer and an events space where community activities are hosted regularly.

Sunway GEO Avenue connects directly to the Sunway BRT that links to the Setia Jaya KTM and USJ 7 LRT stations. Through the same elevated walkway which traverses the city, residents will be able to connect directly to the world-class facilities of Sunway City Kuala Lumpur, including Sunway Medical Centre with an upcoming Senior Living facility, Sunway XFarms, Sunway University, Monash University, Sunway International School, Sunway Pyramid and Sunway Lagoon Theme Park, offering unparalleled convenience for all.

Upcoming developments within the vicinity includes an integrated development worth RM 1,519 million in total development value spread across 8.62 acres located next to the Sunway South Quay Lake. Comprising office, education and retail components, the integrated waterfront lifestyle hub will include Sunway University’s performing arts centre, and a cultural & arts street by the lake complete with al fresco dining and other outdoor activities, giving its surrounding communities a new experience like no other. The development will be fully accessible via an elevated covered canopy walkway.

For details of Sunway Property’s newest developments, please log on the
www.sunwayproperty.com.my
 .

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Press Release:  SUNWAY GROUP COMMITS RM34 MILLION TO COMBAT COVID-19

SUNWAY GROUP COMMITS RM34 MILLION TO COMBAT COVID-19

RM 1 million donation to national COVID-19 fund and RM 300,000 contribution to Yayasan Kebajikan Negara to aid B40 beneficiaries nationwide
Sunway Healthcare to take in non-COVID-19 cases from MOH and UMMC hospitals; up to RM12 million to cover the cost of subsidising treatment for public patients; invests in equipment and apparatus
RM 20 million worth of rent-free days to Sunway Malls’ non-essential retailers

Sunway City Kuala Lumpur, 26 March –

Sunway Group today announced a total commitment of more than RM 34 million to help Malaysia combat COVID-19. The commitment is expected to support at least 40,000 beneficiaries in total.

Malaysians are currently under a Movement Control Order (MCO), which came to force on 18 March, and was extended to 14 April by Prime Minister Muhyiddin Yassin yesterday to curb the spread of the highly-contagious respiratory disease.

Sunway Group founder and chairman Tan Sri Dr Jeffrey Cheah said that the aid is to help Malaysians who need it the most to tide over the difficult times.

“The impact of Covid-19 on larger businesses is universal. However, it is now important for us to pay attention to those who need it the most – Covid-19 patients who have lost their jobs because of the disease, the non-essential retailers who have had to shut down their businesses temporarily, our own employees who have been affected, and also our front-line healthcare staff comprising doctors and nurses as well as other employees within the Sunway healthcare division who are at risk while serving national interests.

“And not forgetting the B40 communities. As we always have done, we stand alongside Malaysians in these trying times. We are all in this together and we can overcome this crisis as a nation,” he said.

Tan Sri Dr Jeffrey Cheah has also been appointed by the Prime Minister of Malaysia to serve on the Economic Action Council (EAC) which is a special task force to find ways to stimulate the economy; and to come up with short and medium term plans to ensure economic growth. The EAC is also instrumental in taking additional necessary actions for the delivery of the nation’s Economic Stimulus Package in light of the COVID-19 outbreak.

RM 1.3 million To Ensure Security of Livelihoods For COVID-19 Patients and B40 Communitie
s

Sunway Group has donated RM 1 million to the government’s COVID-19 fund to minimise the burden of those who are directly affected by the COVID-19 outbreak, specifically unemployed COVID-19 patients and those under quarantine.

Alongside Yayasan Kebajikan Negara (YKN) among other collaborations, Sunway has also pledged RM300,000 to help the B40 communities whose livelihoods are at stake around Sunway townships throughout the nation.

More than RM 12 million To Support Government Healthcare Institutions and Professionals

Sunway Healthcare Group has been in close contact with the Ministry of Health (MOH) and University Malaya Medical Centre (UMMC) to help decant their Non-COVID-19 cases so that the government facilities can focus on managing confirmed COVID-19 cases.

Sunway Healthcare Group will also be setting aside 100 beds across both Sunway Medical Centre and Sunway Medical Centre Velocity as well as a budget of up to RM12 million to cover the cost of subsidising treatment for these public patients from MOH and UMMC hospitals. This initiative is expected to benefit around 4,000 public patients. The working group discussion has now reached its final phase and both Sunway Medical Centre and Sunway Medical Centre Velocity will soon start to receive these public patients at existing government rates.

In addition to the Public-Private Partnership with MOH and UMMC, Sunway Healthcare division has also invested heavily in essential equipment and apparatus to safeguard the health and safety of our staff and patients by ensuring a COVID-19 free environment within the hospitals. New additions to the hospitals include the extensive respiratory screening tents for identifying patients or visitors with COVID-19 symptoms, new thermal scanners, Powered Air Purifying Respirators (PAPR) and Negative Pressure Cabins. Such investments weighed heavily on the hospitals’ resources but were deemed critical to ensure the welfare of our doctors, nurses, patients and our communities.

RM 20 million To Support Non-Essential Retailers

Earlier, Sunway’s retail division had moved to grant non-essential retailers who had to cease operations during the duration of the MCO rent-free days amounting to RM20 million. The malls are Sunway Pyramid, Sunway Velocity, Sunway Carnival, Sunway Putra, Sunway Big Box Retail Park, Sunway Giza and Sunway Citrine.

Sunway Pyramid, Sunway Carnival and Sunway Putra are owned by Sunway REIT, while the rest of the malls are owned and operated by Sunway Berhad.

— end of press release —

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Press Release – Sunway Group registers 33.2pct jump in profits

Press Release – SUNWAY GROUP REGISTERS 33.2% JUMP IN PROFITS

Pre-tax profit increases 33.2% to RM271.4 million

Stronger performance across most segments year on year and higher fair value gains from Sunway REIT

Strong construction outstanding order book of RM4.3 billion and property unbilled sales of RM1.2 billion

Sunway City, 29 August 2017
 – Malaysia’s sustainability-focused conglomerate, Sunway Berhad, recorded a second quarter ended 30 June 2017 pre-tax profit of RM271.4 million and a net profit of RM233.3 million, a jump of 33.2% and 29.7% respectively from the same quarter last year due to better performance from most business segments. Profits were also boosted by the share of higher fair value gains from the annual revaluation exercise done on Sunway REIT properties of RM56.8 million in the current quarter, compared to RM23.7 million in the corresponding quarter of the previous financial year.

Commenting on the overall performance of the Group, Chief Financial Officer of Sunway Berhad, Chong Chang Choong, said, “Given the commendable operational performance across most business segments, and barring any unforeseen circumstances, we are confident that we will continue to deliver a satisfactory performance for the rest of 2017 underpinned by the unbilled property sales of RM1.2 billion and outstanding construction order book of RM4.3 billion as at 30 June 2017.”

The Board is pleased to declare an interim dividend of 7 sen per share which is higher than the interim dividend of 5 sen declared last year. To recap, on 14 June 2017, Sunway proposed to undertake a bonus issue of shares on the basis of four (4) bonus shares for every three (3) existing Sunway shares held and a bonus issue of free warrants on the basis of three (3) warrants for every ten (10) existing Sunway shares held. In the event the entitlement date for the proposed bonus issue of shares and warrants is prior to the entitlement date for the first interim cash dividend, the aforesaid dividend of 7 sen per share will be adjusted accordingly to 3 sen per share to take into consideration of the enlarged number of shares of the Company following the proposed bonus issue of shares.

STEADY INCOME FROM OTHER BUSINESS SEGMENTS DRIVE EARNINGS

For the quarter, the property development segment recorded a higher pre-tax profit of RM75.2 million, up 24.1% from RM60.6 million a year ago due to higher profit recognition from both the local and overseas projects. Revenue for the quarter registered lower at RM271.1 million from RM315.1 million due to lower sales and progress billings from local development projects.

The Group’s strong balance sheet and the current soft property market have enabled Sunway to acquire a total of 5 strategically-located land banks in 2017 with a total GDV of approximately RM5.5 billion. All land banks will be transit-oriented developments as they are in close proximity to MRT, LRT, BRT and/or monorail stations. The Group’s total land bank currently stands at 3,330 acres, with a total of GDV of approximately RM54.0 billion.

The property investment segment registered a higher pre-tax profit of RM84.4 million, a 104.5% increase from RM41.3 million in the corresponding quarter of the previous financial year. The higher pre-tax profit was boosted by the share of higher fair value gains from revaluation of Sunway REIT properties. Revenue is recorded at RM207.4 million, an increase of 29.5% due to additional contribution from the new Sunway Velocity Mall, which was opened in December 2016, higher visitorship to the Group’s theme parks, and higher revenue from Sunway Pyramid Hotel which was re-opened progressively in 2017 following a refurbishment exercise in 2016.

The construction segment recorded a higher pre-tax profit of RM42.3 million in the current quarter, an increase of 22.8% from RM34.5 million last year, with revenue up 24.7% to RM310.9 million from RM249.3 million due to stronger progress billings and lower intra-group eliminations.

In June 2017, Sunway was reclassified from the Properties sector to the Trading/Services sector on the Main Market of Bursa Securities to better reflect the Group’s long-term strategic ambition to grow its diverse businesses to become market leaders in their respective sectors. The Group’s strength as a conglomerate with diverse yet complementary businesses will help the Group to sustain its competitive edge.

Sunway Berhad was recently acknowledged by The Edge-Billion Ringgit Club, for delivering the ‘Highest Returns To Shareholders Over Three Years’ and one of the ‘Highest Return On Equity Over Three Years’ under corporations with interests in the property segment with market capitalisation of RM3 billion and above. Its flagship township, Sunway City has also been recently selected as a Top Smart City Initiative in Asia Pacific under the Smart Building category for its achievement as an Integrated Smart and Low-Carbon Township, amongst the 130 high-quality smart city initiatives submitted for this award by local governments, vendors and the public across Asia-Pacific ex-Japan.

–end of press release —

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Sunway can give you home loan, up to 88 percent.

If a property developer has enough surplus cash, could it offer home loans to its buyers? Some would argue that the question should be should it do so and not whether could it do so. I think it’s best to look back at the fundamental question, does it help them to sell more properties? Any developer would want to secure buyers, preferably of a certain quality so that these buyers can then qualify for the home loans that they apply for.

A few months ago, one developer friend told me that he had to sell his 180 units of low cost apartments nearly 500 times because the banks kept rejecting the loan applications! Just weeks ago, a good friend who’s a senior manager for an affordable apartment project told me that she has already sold nearly 500 times for her 300 plus units and the selling is still continuing. Haha. Perhaps this is more applicable for the lower end segment? Well, whether lower-end or higher-end, the fundamental question is always, ‘do we have enough interested buyers who can qualify when they apply for a home loan.’

Sunway’s property development division recently announced something which was quickly shared by many people when it was published in the media. It’s a very interesting proposition indeed. Sunway is offering its buyers financing options of up to 88 percent under its Sunway Property Certainty Campaign, which included a guaranteed loan upon project completion, deferred payment and a voluntary exit plan. It’s managing director for property development division for Malaysia and Singapore, Sarena Cheah said, “We are definitely not trying to be a bank because we are not in the business. We are lending you a helping hand rather than giving you a scheme. ”

This scheme would end on 30th September 2016 and their buyers could apply to commercial banks or Sunway for the loans. It is offered on a limited, first-come-first-serve basis for Sunway’s new residential launches. The interest rate is fixed and the tenure is only 15 years. A friend called Sunway’s office and told me that the sales person told her that the interest rate would be higher than what’s offered by the commercial banks. Sarena explained further, “We are not giving it to everybody. It serves as a safety net if you can’t get a loan for whatever reason. At that point in time, when you can’t get a loan, that’s where we will come in.”

Based on the current market situation, I think many more creative methods would be introduced into the market. Developers do not just sit and wait. They need to keep their people and to keep their people, they need to sell properties. Well, at least now if you must own a place and you are not allergic to Sunway’s properties, it’s time to view and decide. Banks are no longer your last resort in this case. Still, a word of caution. Buy within affordability. No one knows exactly how long the current slowdown would continue and how bad the job market may actually become. Happy applying.

written on 31 Mar 2016

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Press Release: Sunway Hotel Big Box Celebrates Festive Season With 50% Discount

The newly-opened Sunway Hotel Big Box in Sunway City Iskandar Puteri Johor,has announced that it is celebrating the Chinese New Year festive holiday season with an exclusive 50% discount for all its rooms.

The “Roaring Lunar New Year” promotion is valid from now till February 15
th
 2022.

Sunway Hotel Big Box is poised to welcome even more travelers into Johor for the upcoming Chinese New Year season as well as the long school break in February.

As one of Johor’s newest hotels, the RM 160 million, 284-room, Sunway Hotel Big Box is located within the integrated Sunway Big Box development within the green township of Sunway City Iskandar Puteri.

The Hotel is connected to one of the largest adventure parks in Johor, X Park, and Malaysia’s first hybrid retail park, Sunway Big Box Retail Park – all which are within the Sunway Big Box development whilst other key attractions like Legoland is 10 minutes’ and Johor Premium Outlet, 30 minutes’ drive away.

The integrated Hotel promises activity-packed times for thrill seekers, and a chance to be enveloped in nature.

Special one-off deals are offered for the upcoming Lunar New Year Eve Dinner and Lunar Hi-Tea for the first and second day of Chinese New Year, as add on for all room bookings made through the hotel website, at
https://www.sunwayhotels.com/sunway-bigbox
.

For walk-in diners; the Lunar New Year Eve Dinner on 31
st
 January 2022 is priced at RM 128.00 nett (adults) and RM 68.00 nett (children) with over fifty varieties of festive favorites including yee sang, fish maw and crab meat soup, cereal jumbo prawns, dried Chinese oysters with black moss, live cooking stations and much more.

Lunar New Year Hi Tea on 01
st
 and 2
nd
 February 2022, is a great time for family and friends to gather, eat and be merry whilst ushering the lunar year of the Tiger, priced at RM 68.00 nett (adult) and RM 38.00 nett (children). A Lunar Yee Sang Set Course Menu is also available with advanced booking, at RM 138 nett per person for a table of six. For reservations, please call 07 – 5336688 or e-mail sbbh.enquiry@sunwayhotels.com.

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SUNWAY ACQUIRES NEW FREEHOLD LAND IN CHERAS TO DEVELOP EXCLUSIVE LIFESTYLE RESIDENCES

Press Release:
SUNWAY ACQUIRES NEW FREEHOLD LAND IN CHERAS TO DEVELOP EXCLUSIVE LIFESTYLE RESIDEN
CES

Plans for exclusive townhouse and condominium development with consideration of new norm lifestyles targeted at first-time homebuyers, young families, upgraders and seniors

Sunway City Kuala Lumpur,
1 February
, 2021 ~ Sunway Berhad’s (Sunway) wholly-owned subsidiary, Sunway Kinrara Sdn Bhd, has signed a sale and purchase agreement to acquire a 3.34-acre parcel of prime freehold land from CTM Development Sdn Bhd in the matured neighbourhood of Taman Mutiara, Kuala Lumpur at a purchase consideration of RM 42 million for the development of exclusive homes with consideration of new norm lifestyles.

The land is strategically located for a bespoke residential development comprising townhouses and condominiums. Located 400 metres away from EkoCheras Mall that offers direct connectivity to the Taman Mutiara MRT station, the land is surrounded by a host of amenities within a five-kilometre radius including Sunway Velocity, Taman Tasik Permaisuri Park, Pantai Hospital Cheras, UKM Medical Center and UCSI University with easy access to multiple highways such as the Cheras Kajang Expressway, the Kuala Lumpur Middle Ring Road 2 and the Salak Expressway.

The 122-acre Taman Permaisuri Park, which is one of the largest green lung in Kuala Lumpur, is located less than 5 km away, offering opportunities for recreational outdoor activities.

Sunway acquired the land with an approved development order secured, which will accelerate the development’s speed to market. The development is expected to be ready for launch by the first half of 2022 with the expected completion in 2026, contributing positively to Sunway’s earnings from 2022.

Commenting on the acquisition, Sunway Property’s Managing Director, Sarena Cheah said, “The proposed freehold, close-to-transit development will cater to the pent-up demand for larger living spaces with more activities done at home as part of the new normal including working from home. In addition, we are planning for spacious and functional outdoor areas within the development with health and wellbeing a top priority in the minds of everyone.”

“We plan to develop an exclusive residential development comprising just 255 units of townhouses and condominiums with slightly larger built-up area to accommodate new normal lifestyles. First time homebuyers, young families, upgraders and seniors who have long called Cheras their home and want to move to a more secure community with lifestyle facilities will find the development attractive as it will be designed with elements of connectivity, healthy lifestyle, convenience, community and security in place. We expect prices to start from approximately RM650 per square foot which would be competitive given the low density, freehold tenure and strategic location in the heart of Cheras,” she added.

The acquisition is Master Community Developer, Sunway Property’s, first landbank acquisition for the year and reflects its confidence that the property market will recover in 2021 after a slower 2020 as a result of the pandemic.

Sunway Property Managing Director, Sarena Cheah

Cheah adds, “Sunway Property will be actively looking for more strategic opportunities in 2021 given the soft property market. We want to be prepared for any turnaround of the property market in the coming years.”

According to Bank Negara Malaysia, housing loan approval rates for the first 9 months of 2020 remained fairly robust at 72.2% to the benefit of some 214,000 borrowers with Kuala Lumpur and Selangor accounting for half of those figures. First-time home buyers form 52% of these successful applicants during the same period, higher than its 6-year average of 41%, indicating availability of end-financing for this target market despite the uncertainty from the pandemic.

Taman Mutiara is located about 10 km from the Kuala Lumpur city center and is a well-established residential area that has benefitted from infrastructure investments in the MRT Sungai Buloh-Kajang line. Residents are able to commute to the upcoming financial center at the Tun Razak Exchange and Bukit Bintang in just 5 to 6 stops respectively from the nearby Taman Mutiara MRT station.

In addition, the development is further anticipated to provide additional spillover in patronage to Sunway Property’s nearby integrated development, Sunway Velocity, which is just 3 stops away from the Taman Mutiara MRT station. Sunway Velocity includes the 1,000,000 sq ft shopping mall – Sunway Velocity Mall, Sunway Medical Center Velocity and Sunway College @ Velocity.

Currently Sunway’s total landbank stands at 3,326 acres amounting to RM 51.6 billion in GDV with a total development period of 15 years.

— end of press release —

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Sunway’s GDV of RM1.15 billion with 6.59 acres land in Jalan Cochcrane

Press Release: SUNWAY STRENGTHENS PRESENCE IN COCHRANE WITH ACQUISITION OF 6.59 ACRES

FREEHOLD LAND OPPOSITE MRT STATION

? Sunway acquires prime landbank for proposed mixed development comprising serviced
apartments and retail with gross development value of at least RM1.15 billion.
? The freehold site measuring 6.59 acres with commercial zoning is directly across from
Cochrane MRT station and just 1 station from Tun Razak Exchange.
? Acquisition will solidify Sunway’s presence in the vicinity, which already includes the over
RM4.0 billion Sunway Velocity integrated development and ongoing Sunway Velocity
TWO.

Sunway City Kuala Lumpur, 19 th April, 2021 ~ Sunway Berhad’s (Sunway) wholly-owned
subsidiary, Sunway Rahman Putra Sdn Bhd, has today signed a Sale and Purchase Agreement
to acquire a 6.59-acre parcel of prime freehold land at Jalan Cochrane, Kuala Lumpur from
Mutiara Rini Sdn Bhd, a wholly-owned subsidiary of Boustead Properties Berhad, for a purchase
consideration of RM233.4 million.

The land is strategically located for a transit-oriented mixed development comprising serviced
apartments with a retail podium and is located directly opposite the Cochrane MRT station and
just a stone’s throw away from MyTOWN Shopping Centre. The station is part of the Sungai
Buloh-Kajang Line and brings commuters directly to the heart of Kuala Lumpur and other major
suburbs like Cheras and Damansara.

Most significantly, the station is just one stop away from the Tun Razak Exchange (“TRX”), the
future International Financial District of Kuala Lumpur, which has now reached its inflection point, with the recent completions of Exchange 106, Menara Prudential and HSBC TRX. TRX is
expected to house more than 45,000 employees in the near future.

Commenting on the acquisition, Sunway Property’s Managing Director, Sarena Cheah said, “We
are extremely excited with this acquisition as it will strengthen our presence in this vicinity where we have already developed and invested substantially in the very successful Sunway Velocity and Sunway Velocity TWO, both of which are MSC Cybercentre status developments.

We believe the future is even more exciting with the upcoming completions in TRX, which will bring in a substantial population of high income, professional workers. We can imagine them wanting to stay at our proposed development here which is just one station away from TRX, with all the amenities at its doorstep and at a much better value.”

Located at the fringe of the Golden Triangle, Cochrane has gentrified substantially over the years with Sunway playing a key role in the process. Sunway Velocity, with a GDV of over RM4.0
billion, is just 200 meters away from the site and is a highly successful integrated development
with over 23 acres of freehold land. The development encompasses Sunway Velocity Mall, a 1-
million square feet net lettable area shopping mall, Sunway Velocity Hotel, a 350-room hotel,
Sunway Medical Centre Velocity, a 240-bed medical centre, Sunway College @ Velocity, two
office towers with a total floor area of 375,000 square feet and residential units.

The developer’s latest development, Sunway Velocity TWO, with a GDV of RM2 billion, is located on another 8.5-acre site right opposite Sunway Velocity and is linked to 3 MRT and 2 LRT stations. The vendor, Boustead Group, has also developed significant landmarks in the vicinity, with MyTOWN Shopping Centre located just diagonally across this site and One Cochrane
Residences further up the road.

With the upcoming completion of The Exchange TRX Mall, residents at the proposed development on this site will be spoilt for choice when it comes to retail options.
Parents with school-going children will undoubtedly appreciate the selection of reputable schools that this neighbourhood has to offer, such as Tsun Jin Primary School, Taylor’s International School and Sunway College @ Velocity, all within a 1-km radius.

Connectivity of the site via major roads is also enviable with Jalan Cochrane feeding traffic to
major highways such as the Maju Expressway (MEX), the SMART tunnel and the Sungai Besi
Expressway.

Touching on the proposed development on the site, Sarena said, “The proposed gross
development value will be at least RM1.15 billion. The development will comprise serviced
apartments that sit on top of a retail podium, which will benefit from road frontages on all four
sides of the site.”

This acquisition is Master Community Developer, Sunway Property’s, second landbank
acquisition for the year and reflects its confidence in the recovery of the property market in the
coming years.

Cheah adds, “The property market in Malaysia has experienced several challenging years but we have faith that with economic recovery post-Covid, the demand will return, especially in a strong location such as Cochrane where there is a convergence of convenience and affordability – a combination that has become scarce in strong city locations. This exciting mixed-development will be highly desirable amongst our multiple customer segments.”

Currently, Sunway’s total landbank stands at 3,339 acres with a potential gross development
value of RM52.1 billion over a total development period of more than 15 years, paving the way
for resilient growth.

-ENDS-

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Buy property and stand to win Mini. Not bad at all.

Honestly, I would not buy a property even if it comes free with a nice car. The reason is simple. I am going to be the one actually paying for it anyway because the price of the car would have been included into the property price. This is especially the case when every house bought comes with one free car. Great. Come on, be objective about it. However, what if a developer offers ONE (1) unit of Mini Cooper as a lucky draw for any buyer of their properties all over the country with the condition that the buyer would need to sign the SPA within 30 days of their booking? Suddenly, my answer to this would be, let me take a look at some of their properties and we will decide from there.

The developer is Sunway Property. It recently launched a BIG MINI campaign for its buyers to win one Mini Cooper as well as cash prizes when the buyers purchase a Sunway property between the periods of January 1 2015 till June 30 2015. The only condition would be that the buyers would need to sign their SPA within 30 days of booking. Eligible buyers get to do a lucky draw where RM500 is given immediately or the buyer gets an invite to draw for second time for a chance to take home the Mini Cooper. The higher the property price, the more draws. RM400,000 gets you one draw and RM1,000,000 gets you two draws. The participating developments around Klang Valley include Sunway Velocity at Kuala Lumpur; Sunway Geo at Bandar Sunway, Sunway Montana at Desa Melawati, Sunway Eastwood at Puchong South and more.

Too bad I am already staying in a nice condo and have no intention to move, or else that Mini Cooper may just be mine. Actually this type of promotion is okay and it does not really add into your purchase price, not directly anyway. The reason is because every project would already have its own marketing and promotions budget. Just take a look at the projects stated and you would realize that it’s easily covered under the usual marketing expenses. The cheapest Mini Cooper version starts from RM180,000. All the projects of Sunway may only need to reduce one (1) day colour advertisement in national newspaper during the weekend and the cost of the car has been covered. This is also how the banks sometimes does their marketing. They may run a contest where every RM100 that you spend entitles you to one lucky draw entry. They have millions of customers who are spending this RM100 to win something serious, like a Mini Cooper. If I have 3 credit cards, of course I would try my luck by using the card with the contest first.

Seriously, maybe another developer may offer an even more attractive car in the near future as grand lucky draw prize? Happy driving the Mini Cooper, to the eventual winner.

written on 25 Mar 2015

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Sunway Berhad’s Q3: Higher net profit and low-gearing of 0.38 times

I do not own any Sunway Berhad shares. Do read the below, compare it versus all the other stocks that you wishes to buy and decide by yourself for yourself yeah. In terms of the numbers, I think Sunway Bhd has shown some healthy numbers especially with the current slowdown. Yes, they are also the company which has been awarded and is currently busy with the construction work for the Damansara Damai MRT (Line 2). They have also invited kopiandproperty.com to their media event for the soon to be opened Sunway Velocity. Will report about that later.

— Start of Press Release by Sunway Berhad. —

SUNWAY BERHAD RECORDS HIGHER PROFITS IN PROPERTY AND CONSTRUCTION SEGMENTS

— Higher year-on-year profits in the property and construction segments

— Higher year-to-date property sales of RM 864 million year-on-year

— Strong balance sheet and low gearing of 0.38 times

Bandar Sunway, 25 November 2016 – Sunway Berhad, one of Malaysia’s largest conglomerates with

core interests in real estate and construction, today reported a 19.6% increase in revenue to RM1,137.5 million and a higher net profit of RM143.6 million for the current quarter ended 30 September 2016 compared to revenue of RM951.0 million and net profit of RM133.3 million in the corresponding quarter of the previous financial year.

“Given the improved third quarter results, we expect the Group’s performance to remain satisfactory for

the remainder of the year as our last quarter performance tends to be our strongest seasonally. While we will proceed with caution in our business strategy due to the current unpredictability of the global economy, we are confident to meet the challenges ahead as we have the advantage of a diversified business portfolio,” said Chong Chang Choong, CFO of Sunway Berhad.

Sunway Berhad continues to maintain a strong balance sheet and low-gearing of 0.38 times.

STRONGER PERFORMANCE OVERALL

The property development segment reported a commendable 61.6% increase in profit before tax to RM62.2

million in the current quarter from RM 38.5 million in the corresponding quarter of the previous financial year despite lower revenue at RM 247.6 million compared to RM 270.9 million in the corresponding quarter of the previous financial year.

The higher profit before tax was contributed mainly by higher progress billings from local projects and

other property projects in Singapore. Lower revenue was due to lower contributions from the Group’s

wholly-owned Avant Parc project in Singapore which commenced revenue recognition in the corresponding

quarter of the previous financial year, and was fully sold in the second quarter of this year.

Property sales year to date stands at RM 864 million compared to property sales year-to-date of

RM 734 million in the previous year. Unbilled property sales remains healthy at RM1.8 billion, providing

good earnings visibility for the property division.

The property investment segment also reported higher profit before tax of RM45.9 million compared to

RM37.3 million in the corresponding quarter of the previous financial year. Third quarter revenue is also

higher at RM189.9 million compared to revenue of RM172.2 million in the previous year. The better

performance is due to better occupancy from Sunway’s portfolio of investment properties and an increase

in the number of visitors to Sunway Lagoon and Lost World of Tambun following the opening of several

new attractions, which include the Nickelodeon Lost Lagoon opened in February 2016.

The construction segment recorded revenue of RM287.9 million and profit before tax of RM32.2 million

in the current quarter compared to revenue of RM196.8 million and profit before tax of RM24.1 million in

the corresponding quarter of the previous financial year. Revenue in the current quarter was higher due to

lower intra-group eliminations. Current profit before tax was also higher due to higher progress billings

from local construction projects.

The construction order book remains healthy at RM 4.8 billion with a year-to-date order book

replenishment of RM 2.6 billion.

— End of Press Release —

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Press Release:
Sunway Property’s 8 Signature Developments Receive Overwhelming Response

~  RM 800 mil in Total Bookings Received

Sunway City Kuala Lumpur, October 3
 ~ Master Community Developer, Sunway Property announced that it has recorded RM 800 million in total bookings for its eight Signature developments from the recent Signature Series 2022 Campaign.

Achieving a whopping 1,131 unit bookings, the success of the campaign was attributed to its enhanced design philosophy, the Sunway Design and Development Architecture (SDDA) with all projects in the campaign featuring elements of Sustainability, Innovation, Health and Wellness as well as Lifestyle and New Experiences.

The campaign which ended last month featured eight of Sunway Property’s Signature projects – Sunway Alishan, Sunway Flora, Jernih Residence, Sunway Artessa, Sunway d’hill, Sunway Serene, Sunway Velocity TWO and Sunway Belfield which are all located in prime locations around the Klang Valley.

Artist’s impression of Jernih Residence in Kajang

An actual photo of Sunway Serene taken on site, which provides a unique premium lakefront living experience, surrounded by lush greenery

Sunway Property Central Region Senior Executive Director Chong Sau Min attributed the success of the campaign to the increasing interest in integrated, holistic, and sustainable homes in strategic locations with great access and connectivity.

“Post-pandemic, families are looking for homes that can accommodate their new normal lifestyles. Each of our developments is aligned to Sunway Property’s enhanced Sunway Design and Development Architecture, which ensures that Sustainability, Innovation, Health and Wellness, as well as Lifestyle and New Experience features are integrated into the homes for our homebuyers,” he said.

Design features that the new homebuyers can enjoy include electric vehicle charging facilities at the residents’ car park bays, innovative multigenerational design with child-friendly and elder-friendly designs, covered walkways to nearby public transportation systems, co-working spaces within their developments, Nanoe
TM
 air quality control appliances, herb gardens, PopBoxes (parcel collection lockers), dedicated parcel and food delivery spaces, multi-level car parks with express ramps, and keyless home access through digital locksets.

Under the Signature Series 2022 Campaign, buyers were also automatically registered as Sunway Property Pals+ members, enjoying new curated convenience and privileges comprising Rent+, Care+ and Rewards+.

Artist’s impression of Sunway Velocity TWO (Tower C&D), an expansion of the successful integrated development, Sunway Velocity whereby conveniences are within reach.

Sunway Property is currently running the Spin & Win campaign for its signature products from now until October 31. During the campaign period, purchasers will stand a chance to win guaranteed prizes worth up to RM 500,000 including an Ogawa Massage Chair, Thermomix, Discount Vouchers up to RM5,888, RM5,000 worth of Touch ‘n Go credits and many more when they book a unit with Sunway Property. The participating projects of the campaign are Sunway Serene, Sunway Velocity TWO, Sunway Belfield, Sunway Artessa, Sunway d’hill, Jernih Residence and Sunway Alishan.

-ENDS-

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Sunway Property launching RM3.5 billion worth of properties for 2020. “Yours, 2020.”

I think it takes lots of diligent planning as well as confidence to announce to a big room of media people that for 2020, total launches will hit RM3.5 billion. Sales target is RM2 billion. Please do read on for the full press release for Sunway Property’s “Yours, 2020.” I think they are sending all buyers a sign. One of the launched unit may be be ours in 2020. Do view and do your own due diligence yeah.

Press Release by Sunway Property

SUNWAY TARGETS RM 2 BILLION IN SALES

Unbilled sales of RM 2.8 billion
Continues to focus on delivering lifelong value to purchasers
Pursues international growth
Launches campaign for the year, “Yours, 2020”

Sunway City, Jan 7
 ~ Sunway Property announced today that it will target RM 2 billion in sales this year.

Sunway Berhad Property Division Managing Director Sarena Cheah said, “We will be increasing our sales target to RM 2 billion in sales. In tandem, we will also launch RM 3.5 billion worth of properties this year.”

Last year, Sunway Property surpassed its sales targets of RM 1.3 billion to reach RM 1.55 billion in sales.

Of the close to RM 3.5 billion worth of properties in gross development value (GDV) to be launched, RM 1.0 billion of the properties will be in Malaysia and  RM 2.4 billion (70%) of the properties will be in Singapore. This is in line with its plans for geographical diversification.

“Sunway’s recurring income from our portfolio of invested properties currently strengthens our financial sustainability. Geographical diversification will further deepen sustainability for us,” Cheah said.

She added, “In line with our Master Community Developer brand promise, powered by our build-own-operate model, we will continue to invest in our integrated townships and developments to ensure growth for our communities with about RM 1.1 billion of investment properties currently being built”.

As of December 2019, Sunway Property has 3,362 acres in landbank with the gross development value of RM59 billion and a total development period of up to 15 years. Currently, strong unbilled sales stands at RM2.8 billion which provides for earnings visibility.

FOCUSED ON DELIVERING LIFELONG VALUE FOR PURCHASERS

Cheah said that delivering lifelong value for purchasers continue to be Sunway Property’s key focus for the Malaysian market.

“100% of our launches this year will be within integrated developments or are transit-linked, in-line with the continued resilient demand that we are seeing from purchasers for properties which are connected and offers great convenience. Our new landbanking efforts will also be in tandem,” she said.

“We will continue to deliver lifelong value to homebuyers by developing quality liveable urban homes which are connected, and strategically-located, and price the homes within the range of RM 600,000 – RM 800,000. Our commercial launches which constitute 30% of our total launches this year will be within integrated developments with immediate catchment in populous areas to ensure the success of our business community,” she added.

“With this, homebuyers can be assured of lifelong value, and attain ideal urban lifestyles where they can live, learn, work, stay and play in safe and secure havens while be future-proofed with the inherent potential capital appreciation of the properties,” said Cheah.

Last year, purchasers had snapped up 80% of Sunway Property’s launches which were transit-linked or integrated, constituting 90% of its launches.

Klang Valley : RM 691 million of properties to be launched, RM 573 million in investment properties being built

Launches planned for this year includes Sunway Avila Retail (retail shops: GDV RM 31 million), Sunway Velocity TWO Tower C (serviced apartments : GDV RM 300 million), Sunway Belfield Tower A (serviced apartments : GDV RM 360 million).

Sunway Avila Retail is three kilometres away from the city centre and is connected to the Sri Rampai station. The development is situated in Wangsa Maju, one of the largest townships in the Klang Valley.

Sunway Velocity TWO is linked to the highly-successful Sunway Velocity integrated development, and is connected to two MRT stations, and is located 3.8 kilometres away from the city centre. Last year’s launch in Sunway Velocity TWO had clinched a 100% take-up rate.

Sunway Belfield is located 500 meters from the Maharajalela monorail and 3 kilometres from the city centre.

An office tower (GDC RM 350 million) and the expansion of its student accommodation (GDC RM 223 million) are currently being built in Sunway City Kuala Lumpur.

Penang : RM 250 million of properties to be launched, RM 301 million in investment properties are being built

In Penang, the developer will kick-off its much-awaited integrated development in Penang, Sunway Valley City. A replicate of its successful Sunway Velocity development in Klang Valley, Sunway Valley City is a 25-acre development with a gross development value of RM 2.4 billion which will be located in Paya Terubong, Ayer Itam, one of the matured neighbourhoods in Penang and will integrate six components, including commercial, serviced residences, shopping mall, education, hotel and healthcare components within a well-connected township. The first of its launches will be its shops and linear offices (GDV RM250 million).

Currently Sunway Medical Centre Seberang Jaya (GDC RM 301 million) is being constructed.

Johor : RM 100 million of properties to be launched, RM 182 million in investment properties under construction

In Johor, the developer will be launching Sunway Maple (townhouses : GDV RM 100 million) in Sunway Iskandar.

The 288-room Sunway Big Box Hotel (GDC 167 million) in Sunway Iskandar will be completed this year. SJK (C) Cheah Fah (GDC RM 15 million) will open for registration end of this year for students enrolling for 2021.

INTERNATIONAL GROWTH

On track with its plans for geographical diversification, the developer continues to make headway in Singapore, China, UK and Australia.

In Singapore, where Sunway Property has ventured into since 2007, and delivered RM 14.98 billion worth of properties, the developer’s launches will comprise 70% of the total launches for this year.

Upcoming launches in Singapore will total RM 2.44 billion worth of residential properties including Parc Canberra, Canberra Link (executive condominiums : GDV RM 560 million), Ki Residence, Clementi (private condominiums : RM 1.0 billion) and Park Avenue Residences, Tampines (executive condominiums : GDV RM 880 million).

In China, where the developer has ventured into since 2010, it has acquired another 6.85 acres of land in Sino-Singapore Tianjin Eco-City in 2019. To date, the developer has delivered RM 990 million worth of properties within the integrated 110-acre development which is a collaborative agreement between the governments of China and Singapore to jointly develop a socially-harmonious, environmentally-friendly and resource-conserving city in China.

Last year, Sunway Property had established a private trust in Singapore with an initial £38 million (est RM202 million) of assets under management (AUM) that focuses on purpose-built student accommodations in the UK. It has since acquired three completed student accommodation blocks in Bristol and Sheffield. Britain’s education sector remains one of its most lucrative international sectors with the government targeting to reach revenues of £35 billion by 2030.

The property developer is also pursuing opportunities in student accommodation and developments in Australia. Education is the third-largest export sector at AUD$32 billion annually. Australia’s property market is currently rising, with Sydney and Melbourne as some of the cities that lead gains in prices nationally.

100% CUSTOMER-CENTRIC

Sunway Property today also unveiled its campaign for the year, “Yours, 2020,” putting its purchasers at the front and centre of its operations.

Cheah said that purchasers can look forward to getting their dream home, at the right price, at strategic locations, coupled with the right financing support from the property developer this year.

“This year will be all about making it easy for those who are looking to purchase a home to start a new decade with their very own Sunway homes and be part of our growing communities,” she added.

Besides enhanced customer engagement and experience, improved service and an even more dynamic customer service portal, purchasers this year can look forward to fully-customised home packages that centres on well-being with personalised financing options.

— end of press release —

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Press Release: Sunway Property Announces RM2.8 Billion In Launches For 2021 (47% higher than 2020), Driven By International Launches

Sunway City Kuala Lumpur,
March 4
 ~ Master community developer, Sunway Property today announced that it will be launching RM 2.8 billion worth of properties in Malaysia, Singapore and China in anticipation of economic recovery as vaccines roll-out across the world in 2021.

Of the new launches, 40% or RM 1.1 billion worth of properties will be launched in Klang Valley where the economy is expected to rebound strongest in tandem with the vaccine roll-out. The remaining 60% of launches will be international projects comprising an Executive Condominium in Singapore, Parc Central Residences  (GDV: RM910 million) and Phase 3 of Sunway Gardens Condominiums in Tianjin, China (GDV: RM780 mil).

Parc Central Residences-Artist Impression

Sunway Gardens, Tianjin, China.

In conjunction with the higher launches for 2021, the property developer is setting a sales target of RM1.6 billion for 2021, 23% higher than the achievement in 2020 of RM1.3 billion.

Besides new launches, the master community developer will also be looking to complete its portfolio of investment properties under construction in its various integrated townships. Currently, the Group’s pipeline of investment properties include Sunway Hotel Big Box, Johor (GDV: RM160 mil), Sunway Carnival Mall expansion, Penang (GDV: RM350 mil), Sunway International School (GDV: RM200 mil) and Sunway Medical Centre expansion (GDV: RM600 mil) in Sunway City Kuala Lumpur. In total, Sunway Property currently has more than RM11.0 billion of assets under its management as of 31 December 2020.

The continued development of new investment properties in its integrated townships are consistent with Sunway’s philosophy as a Master Community Developer and a co-investor with all its property buyers. Sunway has maintained ownership of up to 50% of the properties within its townships through its build-own-operate business model which has generated substantial value for the community.

As of 31 December 2020, Sunway Property has 3,324 acres of landbank with potential gross development value of RM51.3 billion and over a total development period of up to 15 years. The developer also has unbilled sales which stands at RM2.2 billion, providing clear earnings visibility for the immediate 2-3 years.

FOCUSING ON NEW NORM URBAN HOMES

Sunway Property Managing Director, Sarena Cheah

Sunway Property Managing Director, Sarena Cheah said that the property developer is excited to launch RM1.1 billion worth of developments in 2021 in Malaysia, all of which are designed for new norm urban living, under its ‘Beauty of City Living’ campaign.

In Malaysia, the new launches comprise:

·       Sunway Belfield in Kuala Lumpur (GDV: RM 320 million)

·       D’Hill @ Sunway Damansara in Kota Damansara (GDV: RM 220 million)

·       Sunway Artessa in Wangsa Maju (GDV: RM 300 million); and

·       Jernih Residence in Kajang (GDV: RM 270 million).

Sarena said, “All of our launches this year will focus on the vibrancy of city living and focuses on connectivity, being located near transit stations; support chic and modern lifestyles, being close to amenities like cafes and retail; and promotes healthy and active lifestyle, being located near green lungs.”

“Over the period of the pandemic, I believe many people have experienced a reset of priorities. Many have developed greater appreciation of their families and their health and wellbeing. The strength of the location of all our new launches which are within matured neighbourhoods will reduce time spent by our residents on commuting for work, school or even grocery shopping and allow the time to be spent more meaningfully with the family or working out at our development’s various facilities.”

“Our products this year will also have new norms in mind like Work from Home. Generally, all projects will look at providing more living space, whether within the unit or in common areas, have better Internet connectivity and incorporate design which promotes better air ventilation. Certain projects will also include common areas which are furnished to be like co-working offices and have meeting rooms that can be booked for business meetings”, she said.

LINE UP OF LAUNCHES TO MEET EVERY NEED

The developer’s first launch for the year will be Sunway Belfield. The development is in central Kuala Lumpur and located a mere 400 meters away from the Maharajalela Monorail Station, close to the iconic Petaling Street where food, culture and architectural heritage are abundant.  To top it all off, the residence is adjacent to the up and coming tallest building in Southeast Asia – Merdeka 118, where upon completion, will offer one million square feet of shopping and entertainment amenities for the residents to enjoy. To accommodate new norm lifestyles, the developer will be integrating a co-working space as a facility to accommodate those who are looking to work from home.

To meet the renewed interest in health and well-being, the developer will launch D’Hill @ Sunway Damansara for those who appreciate green living and fitness. Residents will be facing a green view of the 857-acre Kota Damansara Forest Reserve located just 100m away, complete with 14km of hiking trails.

For homebuyers who are looking for value, they can consider the freehold transit-oriented Jernih Residence in Kajang. With an average indicative price from  RM300,000, most buyers will benefit from stamp duty exemptions granted by the government for the next 5 years. The development has a MRT station at its doorstep and integrates modern lifestyle facilities with a wide array of conveniences nearby in Kajang town including KPJ Kajang Specialist Hospital, Tesco Extra Kajang, Metro Point Kajang, Kajang Market and the New Era University College.

For eligible first-time homebuyers and young families, the developer will have a selection of units for D’Hill and Jernih Residence, priced from RM270,000.

For those who are looking for larger residential units especially in the new norm where many are seeking more space so that they can work from home more comfortably, the developer will launch Sunway Artessa in Wangsa Maju. Typical units have a size of more than 1,300 square feet. The development is connected by a covered walkway to Sri Rampai LRT station located just 500m away. In response to rising concerns about food scarcity and the movement towards a healthier plant-based diet, Sunway Artessa will have a community urban farm plot to provide residents with the opportunity to grow fresh vegetables besides having more than 20 other health and fitness facilities within the development.

TACKLING AFFORDABILITY WITH CO-LIVING AND RENT-TO-BUY

In addition to developing new norm homes, Sunway Property is also seeking to address an emerging trend with property buyers, affordability, with its latest initiative.

Last year, Sunway Property launched its first co-living development, Co-living @ Sunway House Waterfront Residence located in Sunway City Kuala Lumpur.

Specifically designed for the rental market, Co-living @ Sunway House Waterfront Residence provides co-living opportunities for young adults and working professionals by offering fully furnished units with access to amenities like swimming pool, gym and meeting lounges. Rents start from RM1,200 per month and are all inclusive including community events and utilities like WIFI and electricity.

“What truly differentiates our co-living scheme with others is Sunway Property’s  Rent-To-Buy credits, which allows our co-living residents to convert 25% of their rental into down payment when they purchase any property of their choice that is developed by Sunway Property in the future. In a way, our tenants are saving towards their downpayment by staying with us,” Cheah commented on its latest innovative product.

Being within the Group’s iconic Sunway City Kuala Lumpur township, Sunway House Waterfront Residence strategic location offers access to an array of world-class conveniences and amenities including Malaysia’s first Elevated Electric Bus Rapid Transit (BRT), Sunway University, Monash University, Sunway Medical Centre, Sunway Pyramid Shopping Mall and Sunway Lagoon.

ACCELERATING INNOVATION FOR FUTURE-PROOF RESILIENT URBAN COMMUNITIES

In line with its Master Community Developer branding and enabled by its unique build-own-operate model, Sunway Property will continue to invest and innovate with a purpose to ensure growth and resilience for its communities.

Towards creating future-proof, resilient urban communities, Cheah said that the developer will accelerate innovation with the integration of 5G technology.

“We will be transforming Sunway City Kuala Lumpur into a living lab where we will bring together expertise in academia, government and corporations to develop new generation urban solutions leveraging on 5G technology.”

“With the development of smart townships and homes, we will be able to cut greenhouse gas emissions while delivering better lifestyles and a better future for everyone. We aim for all our developments to be green buildings with urban farms as a climate change adaptation and mitigation strategy.”

“We are also currently harnessing the power of big data to understand our customers better. By understanding their needs, we can create better products, design and services.”

“We have integrated the adoption of 3D cameras and virtual tour software that enables customers to view our products from the comfort of their homes. We will also be launching post-sales features on the Sunway Property app by the end of this month,” she added.

All of Sunway Group’s companies had recently committed to disclose climate risks and opportunities in alignment with the recommendations on the Taskforce for Climate-related Financial Disclosures to drive internal and external urgency on climate change, ensure better management of potentially material risks and facilitate more informed strategic planning.

In 2020, the group generated 3% of electricity from solar panels, diverted 4% of waste from the landfill and reduced water intensity by 23% from our baseline year of 2015.

As a living lab, Sunway City Kuala Lumpur will look to develop new solutions for resilient urban communities by focusing on the development of smart cities, digital health tech, edutech, agrifood tech, and e-commerce.

The developer’s latest office tower in Sunway Velocity TWO was recently awarded the GreenRE Platinum, the highest recognition under the GreenRE assessment system.

Sunway Property has also collaborated with Sunway iLabs to launch Malaysia’s first smart farm in Sunway City Kuala Lumpur, the Sunway FutureX Farm.

Sunway FutureX Farm is now 100% operational and uses a hydroponic system to grow up to 18 different types of vegetables, catering to the surrounding community and also F&B businesses around Sunway City Kuala Lumpur. The 50,000 square-feet innovation hub includes a research and development centre, training and collaborative spaces as well as a café.

With its pilot urban farming project launched in Sunway City Kuala Lumpur, the developer is also planning to implement the same this year in its other regions such as Sunway Penang and Sunway City Iskandar Puteri in Johor.

— End of Press Release —

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