Sunway Property Targets RM2.2 Billion In Sales for 2022

Sunway Property is targeting RM 2.2 billion in sales and RM 2.3 billion in launches for 2022 adding that almost 70% of its new launches will be in Malaysia with the rest being in Singapore and China.

In a statement, it said that it achieved a record RM 2.55 billion in sales last year (as of December 31, 2021) despite the pandemic, attributed to good sales in Singapore.

It said that the sales achievement is the developer’s highest in its history, surpassing its revised sales target of RM 2.2 billion from its initial sales target of RM 1.6 billion.

Sunway Property Managing Director Sarena Cheah said that the developer will be leveraging the Sunway ecosystem to further improve the sustainability of communities around Malaysia in support of the nation’s recovery post-pandemic.

“The pandemic has put sustainability and wellness on top of everyone’s agenda. A key initiative for us is to develop integrated wellness hubs anchored by Sunway Medical Centre across Malaysia’s high-growth regions to provide holistic medical and wellness services to improve the overall well-being of our communities, as well as bring our communities together through an innovative rewards programme to benefit the wider community,” said Sarena Cheah.

She added that the developer will continue to support the nation’s transition to a low-carbon, climate-resilient economy by transforming its townships into smart and sustainable cities.

The developer will aim to continue to have all its assets completed from 2025 to be green building certified; carry out energy, water, and waste management across its developments, as well as continue to invest in corporate social responsibility programmes to help those who need it the most.

To ensure the health of its communities, Sunway Property is currently master planning eight integrated wellness hubs across Malaysia’s highest growth regions where it has integrated townships and developments – Klang Valley (Sunway City Kuala Lumpur, Sunway Velocity in Kuala Lumpur, and Sunway Damansara), Penang (Sunway Seberang Jaya and Sunway Valley City), Ipoh (Sunway City Ipoh), and Johor (Sunway City Iskandar Puteri) — as well as Kota Bharu where it will be building its latest wellness hub.

The hubs will be anchored by Sunway Medical Centre with Singapore’s sovereign wealth fund GIC Pte Ltd as an investment and strategic partner. Sunway will invest RM 2 billion in capex in the next four to five years to build the medical centres.

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