Posts Tagged ‘uem sunrise bhd’

  1. Raising the bar for homes

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    September 11, 2017 by iskandarinsider

    mets_dz_2106_p5_jbkemerald_dz_2

    ISKANDAR PUTERI: A project featuring waterfront villas in a Caribbean tropical setting, with private berth (dock) and swimming pool to boot, has taken property development sector in the country up a notch.

    Spanning 44.92ha, the Emerald Bay project comprises freehold bungalows, semi-detached and courtyard homes as well as medium-rise condominiums, ideally located along the shore of the Johor Straits.

    The first-of-its-kind project in the country is developed by Haute Property Sdn Bhd, a joint venture between BRDB Developments Sdn Bhd and UEM Sunrise Bhd.

    Haute Property chief executive officer Teh Ku Yong said the project was intricately planned to deliver a premium waterfront living in a nature-inspired sanctuary surrounded by open space, water, sea breeze and lush tropical green landscaping.

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  2. $100 Billion Chinese-Made City Near Singapore ‘Scares the Hell Out of Everybody’

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    November 22, 2016 by iskandarinsider

    Project model on display at the Country Garden Forest City Sales Gallery in Johor Malaysia, on Tuesday, Nov. 02, 2016. Photographer: Ore Huiying/Bloomberg

    The landscaped lawns and flowering shrubs of Country Garden Holdings Co.’s huge property showroom in southern Malaysia end abruptly at a small wire fence. Beyond, a desert of dirt stretches into the distance, filled with cranes and piling towers that the Chinese developer is using to build a $100 billion city in the sea.

    While Chinese home buyers have sent prices soaring from Vancouver to Sydney, in this corner of Southeast Asia it’s China’s developers that are swamping the market, pushing prices lower with a glut of hundreds of thousands of new homes. They’re betting that the city of Johor Bahru, bordering Singapore, will eventually become the next Shenzhen.

    “These Chinese players build by the thousands at one go, and they scare the hell out of everybody,” said Siva Shanker, head of investments at Axis-REIT Managers Bhd. and a former president of the Malaysian Institute of Estate Agents. “God only knows who is going to buy all these units, and when it’s completed, the bigger question is, who is going to stay in them?”

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  3. UEM in talks to sell Iskandar sites to investors

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    November 3, 2016 by iskandarinsider

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    SINGAPORE (BLOOMBERG) – UEM Sunrise Bhd, the biggest landowner in Malaysia’s southern Iskandar region, is in talks to sell sites to overseas manufacturers to boost economic activity in the area.

    Companies from South Korea, Japan and Taiwan are in discussions about investment in the Iskandar zone, said Mr Izzaddin Idris, chief executive officer at the developer’s parent, UEM Group Bhd.

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  4. Korea’s Amorepacific to invest RM691m in Iskandar Puteri

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    July 11, 2016 by iskandarinsider

    UEM Sunrise Korea

    KUALA LUMPUR: South Korea’s cosmetic firm Amorepacific Corporation plans to invest about US$170mil or RM691mil in Malaysia by setting up an integrated centre for research and development and manufacturing in Iskandar Puteri, Johor.

    UEM Sunrise Bhd said on Wednesday its unit UEM Land Bhd had signed a sale and purchase agreement with Amorepacific for the sale of the 25.37-acre land within Southern Industrial and Logistics Clusters (SiLC) in Iskandar Puteri.

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  5. UEM Sunrise launches Melia Residences Phase 3

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    June 13, 2016 by iskandarinsider

    MELIA RESIDENCE

    JOHOR, UEM Sunrise Bhd officially launched Phase 3 of its Melia Residences yesterday, backed by the full take-up of Phase 1 and 2.

    According to the group’s chief operating officer of commercial Raymond Cheah, the group was surprised by the encouraging response.

    “The speed of sales of Melia Residences has been phenomenal with a total of 206 Phase 1 and Phase 2 units completely taken up with[in] the first two days of its launch, surpassing our original target of three to six months,” he said at a media preview yesterday.

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  6. UEM Sunrise to strengthen fundamentals to steer growth

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    May 30, 2016 by iskandarinsider

    UEMSUNRISEestuarigardensbernama0207

    KUALA LUMPUR: UEM Sunrise Bhd will focus on strengthening its fundamentals to steer growth, amid the challenging property market this year.

    Executive director Datuk Izzaddin Idris said the company had outlined some key priorities to focus on this year among them — establishing a comprehensive marketing strategy, intensifying systems and processes to ensure timely and quality delivery to build its reputation as a value-driven developer.

    In a statement issued on Monday, he said the company expected the demand for the property sector to remain subdued as the Malaysian economy slowed, tight lending conditions continued and consumer, as well as, business sentiment remained passive.

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  7. Investment haven in the making

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    May 9, 2016 by iskandarinsider

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    KUALA LUMPUR: Iskandar Malaysia in Johor is moving closer towards becoming a sustainable “international metropolis”, and spurring economic developments that actuate Malaysia’s global potential.   Analysts and industry observers are unanimous in that the business region is poised to be a haven for investments. After being left behind by property booms in Kuala Lumpur, Penang, Hong Kong and China over the years, Iskandar Malaysia is set to be one of the world’s fastest growing economic regions in the next 10 years. According to Iskandar Regional Development Authority (Irda) chief executive Datuk Ismail Ibrahim, the economic region, which is three times bigger than Singapore, had accumulated a total of RM202.45 billion in committed investments from 2006 until March. “Of the total, 51 per cent, or RM103.50 billion, represents investments that have been realised,” he told Business Times. Ismail said foreign investors contributed RM81.01 billion, or 40 per cent, to the total cumulative committed investments, while the remaining 60 per cent, or RM121.44 billion, was from local investors. PropertyGuru Malaysia country manager Sheldon Fernandez said many quarters’ perception of Iskandar Malaysia in the past was somewhat misguided. “The success of Iskandar Malaysia should not be viewed purely from the performance of its property market in the short term, but rather on a longer 10 to 20-year horizon and must include all its other components — industrial, commercial, business, foreign investments, technology and innovation,” he said. Sheldon added that the rise of Iskandar Malaysia should be viewed from how it transformed the landscape — bringing with it socio-economic prosperity to Johor and the southern region, with property forming only a part of the picture. “Such developments don’t happen overnight.

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  8. UEM Sunrise to unveil Melia Residences this weekend

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    May 4, 2016 by iskandarinsider

    UEM Sunrise Signature Selection

    KUALA LUMPUR (April 22): UEM Sunrise Bhd will launch Melia Residences, the first freehold landed strata residential development in Gerbang Nusajaya, Iskandar Malaysia, this Saturday with selling prices from RM596,000 to RM1.5 million.

    The company’s chief operating officer (commercial) Raymond Cheah said phase one of Melia Residences comprises 125 units of 2-storey terraced houses with built-up sizes ranging from 2,006 sq ft to 2,594 sq ft.

    “Currently, there are 901 interested buyers who have registered with us. I am confident all the units in the first phase will be sold before we launch the second phase in June,” he told reporters during the press conference of UEM Sunrise’s marketing campaign “Signature Selection – Rendezvous in France 2016”.

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  9. UEM Sunrise, KLK team up for RM20b project in Iskandar

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    February 8, 2014 by Melvin

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    KUALA LUMPUR: UEM Sunrise Bhd and Kuala Lumpur Kepong Bhd (KLK) are pooling their resources to develop 1,215ha of each other’s landbank in Johor’s Iskandar Malaysia with a total gross development value (GDV) of RM20bil.

    This marks plantation giant KLK’s maiden foray as a property developer in Iskandar Malaysia, but it is the second such project for the company’s chief executive officer, Tan Sri Lee Oi Hian.

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  10. Economic Stability Helps Boost UEM Sunrise’s Property Project In Iskandar Malaysia

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    June 20, 2013 by iskandarinsider2

    iskandar

    KUALA LUMPUR, June 19 (Bernama) — Economic stability in the Asean region amid sluggish European and the United States’ economies helped boost interest in UEM Sunrise Bhd’s property project in the Iskandar Malaysia economic corridor.

    Chief Financial Officer Azhar Othman said besides Singapore, the company managed to woo a lot of good buyers from Japan, Indonesia, India and Bangladesh as well as locals.

    “Strong ties among Asean countries and economic stability helped attract investors from the sluggish European and US markets,” he told Bernama on the sidelines of the CIMB Annual Asia-Pacific Conference here today.

    Azhar, who is one of the conference panelist, said Iskandar Malaysia was a good example within the Asean region as strong improvements in relations among member countries helped boost foreign investments.

    “What we are seeing lately is a lot more confidence from Singapore residents and even investors coming to Iskandar because of the improvement in the government-to-government relations between Malaysia and Singapore.

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