Sunway Property Announces Rm 2.3 Billion Sales Target For 2023
Master Community Developer, Sunway Property announced that it had achieved RM 2.0 billion in sales with an unbilled revenue of RM 4.3 billion for its financial year ended December 31, 2022.
In the same period, the developer also delivered over RM 1.3 billion worth of projects and has a total remaining landbank of 3,292 acres with a potential Gross Development Value (GDV) of RM 58.9 billion.
Sunway Property Managing Director Sarena Cheah said, “As the economic outlook remains resilient, we are hopeful about the property prospects this year. With a strong pipeline of projects that are rightly designed for the current market conditions and targeting the right buyer segment, we are confident to achieve our sales target of RM 2.3 billion for 2023.”
The developer will launch its next range of Signature Products across the regions for the residential segment in Malaysia, all of which are crafted based on the developer’s Sunway Design & Development Architecture (SDDA) and its 4 pillars: Sustainability, Innovation, Health & Wellness and Lifestyle & New Experiences.
In Klang Valley, the developer will launch its inaugural Signature Product in Bukit Jalil, Sunway Flora Residences – the first GreenRE Platinum (Provisional) residential development within the vicinity.
Johor can expect two landed developments, Sunway Aviana and Sunway Maple, located in its largest integrated township of Sunway City Iskandar Puteri, as well as semi-detached homes and bungalows in Sunway Lenang Heights.
As for Ipoh, the developer will be launching Sunway Bayu, a flexi-terrace development in Sunway City Ipoh. In Penang, the developer will launch its residential development in Sunway Dora, a mixed development in the established township of Bayan Baru towards the end of February 2023.
For its international market, the developer has unveiled Terra Hill, a freehold hillside luxury development built on the site of the old Flynn Park apartment; and will be launching The Continuum in Singapore; and Sunway Gardens Phase 3 in Tianjin, China.
Sunway Property will continue to expand its footprint in Singapore and China while exploring opportunities to acquire strategic landbanks in Southeast Asian emerging markets such as Vietnam and Indonesia.
A MASTER COMMUNITY DEVELOPER PROMISE: ‘WE CARE, WE STAY WITH YOU FOR GENERATIONS’
Through its renowned build-own-operate (BOO) business model, Sunway Property continues to remain and be a part of the community it has built and nurtured over the years; upholding its commitment as the Master Community Developer. In 2022, the developer completed over RM 1.4 billion worth of investment properties in its various integrated townships – Sunway City Kuala Lumpur, Sunway City Iskandar Puteri and Sunway Seberang Jaya.
In 2023, Sunway Property will continue to invest in its integrated townships and will be looking at completing RM 1.1 billion worth of investment properties which includes the expansion of Sunway Medical Centre Velocity (Phase 2), Sunway Medical Centre (Phase 4) and Sunway International School (Phase 2) in Sunway City Kuala Lumpur. The developer will also be expanding its extreme park in tandem with the influx of tourist activities in Johor with the X Park 2 in Sunway City Iskandar Puteri, to include catamaran and horse-riding facilities.
Alongside aligning with Sunway Group’s commitment to achieve net zero carbon emissions by 2050, the developer will continue to have all of its assets completed by 2025 to be green-building certified and continue to invest in Corporate Social Responsibility programs to help those in need.
Sunway Property will continue to enhance its Sunway Property Pals+ (SPP+) programme, which benefits residents within its townships and standalone developments. Its Care+ cleaning service will be extended to its other developments in Klang Valley and its’ SPP+ community will soon be able to enjoy an upcoming newly curated Reward+ experience with Sunway Sanctuary, a flagship senior living residence under Sunway Healthcare Group.
Cheah said, “I like to describe us as a ‘living community’ serving another ‘living community'; We are more than just a developer of real estate, but a developer of communities. We have been a part of our community for the past four decades, and as we celebrate our 50th anniversary next year, we will continue to strive to pursue a better future alongside our communities as we serve them for generations to come.”
ADVANCING ITS INTEGRATED WELLNESS HUBS ACROSS HIGH-GROWTH REGIONS IN MALAYSIA
Besides the completion of its two Sunway Medical Centres in Sunway City Kuala Lumpur and Sunway Velocity Kuala Lumpur in 2023, the developer will continue to expand its wellness hubs across Malaysia with Sunway Medical Centre Damansara and Sunway Medical Centre Ipoh to be completed in 2024.