Posts Tagged ‘uem sunrise bhd’
November 22, 2016 by iskandarinsider
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?”
Category China, Iskandar Property, Johor Bahru, Singapore | Tags: AirAsia Bhd, Alan Cheong, Alice Tan, Asian mainland, Axis-REIT Managers Bhd, CH Williams Talhar & Wong, Chief Executive Officer Izzaddin Idris, country garden, danga bay, Estate Agents, Forest City, Greenland Group, Guangzhou R&F Properties Co, hong kong, Jonathan Lo, Khazanah Nasional Bhd, New York’s, Savills Singapore, shenzhen, Singapore Airlines, Siva Shanker, Southeast Asia, SP Setia Bhd, sunway bhd, Sydney, Tebrau, UEM Group Bhd, uem sunrise bhd, Vancouver
November 3, 2016 by iskandarinsider
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.
July 11, 2016 by iskandarinsider
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.
June 13, 2016 by iskandarinsider
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.
Category Iskandar Property, Johor Bahru, Singapore | Tags: CIQ Complex, Columbia Asia Hospital, Country Club, educity, Gerbang Nusajaya, Horizon Hills Golf, Indonesia, Iskandar Puteri, kota iskandar, Legoland Malaysia Resort, Malaysians, Melia Residences, puteri harbour, Puteri Harbour Marina, Raymond Cheah, Sanrio Hello Kitty Town, singapore, Singapore PR, Singaporeans, Singapore’s Tuas, Sultan Abu Bakar, Thomas Town, uem sunrise bhd
May 30, 2016 by iskandarinsider
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.
May 4, 2016 by iskandarinsider
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”.
Category Iskandar Property, Nusajaya | Tags: Almas, Bangi, Cyberjaya, east ledang, Estuari Gardens, High Speed Rail (HSR) station, Inspiration Park, Mont’Kiara, Noble Park, Publika Shopping Gallery, puteri harbour, Raymond Cheah, Residensi Ledang, teega, uem sunrise bhd, UEM Sunrise’s
February 8, 2014 by Melvin
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.
June 20, 2013 by iskandarinsider2
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.