FB : Sunway Property
Thanks for the wonderful invitation, I recently went to the Sunway Property business ppdate and media briefing event at Sunway GEOLake’s Sales Gallery, where Sunway Berhad Property Division Managing Director Sarena Cheah shared the group’s vision for 2020.
Sunway Property is targeting RM2 billion in sales this year. In tandem, they will also launch RM3.5 billion worth of properties in 2020, where RM1 billion of the properties will be in Malaysia and RM2.4 billion (70%) of the properties will be in Singapore. This is in line with its plans for geographical diversification.
“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 RM1.1 billion of investment properties currently being built,” said Sarena Cheah, Sunway Berhad Property Division Managing Director.
As of December 2019, Sunway Property has 3,362 acres in landbank with the gross development value (GDV) 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.
RM691 million of properties to be launched, RM573 million in investment properties being built.
* Sunway Avila Retail (retail shops with GDV RM31 million).
* Sunway Velocity TWO Tower C (serviced apartments with GDV RM300 million).
* Sunway Belfield Tower A (serviced apartments with GDV RM360 million).
* An office tower (GDC RM350 million) and the expansion of its student accommodation (GDC RM223 million) are currently being built in Sunway City Kuala Lumpur.
RM250 million of properties to be launched, RM301 million in investment properties are being built.
* Sunway Valley City, a 25-acre integrated development with a GDV of RM2.4 billion at Paya Terubong, Ayer Itam.
* Sunway Medical Centre Seberang Jaya (GDC RM301 million) is being constructed.
RM100 million of properties to be launched, RM182 million in investment properties under construction.
* Sunway Maple (townhouses with GDV RM100 million) in Sunway Iskandar.
* The 288-room Sunway Big Box Hotel (GDC RM167 million) in Sunway Iskandar will be completed this year. * SJK (C) Cheah Fah (GDC RM15 million) will open for registration end of this year for students enrolling for 2021.
Sunway Property also launched the “Yours, 2020” campaign, putting its purchasers at the front and centre of its operations. Purchasers can look forward to own 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,” added Cheah.
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.
More photos at FOOD Malaysia facebook page, a Malaysian food and lifestyle blogger since 2010