UEM Sunrise Berhad via its wholly-owned subsidiary Sunrise Innovations Sdn Bhd, has entered into a Sale and Purchase Agreement with Kwasa Properties Sdn Bhd, a wholly-owned subsidiary of Employees Provident Fund Board (EPF), to acquire approximately 3.7 hectares of freehold land adjacent to the Damansara-Puchong Expressway (LDP), in the prime location of Kelana Jaya at a purchase consideration of RM155 million.
The Company plans to develop a mixed-use development featuring residential and retail components, to be categorised in the NEST Series under UEM Sunrise’s Happy+ product series, a product branding initiative launched in February 2023 offering homebuyers the most ideal homes that cater to their varying lifestyles and life-stage needs. The NEST Series focuses on multigenerational-oriented homes designed with the customers’ extended families in mind.
“We have exciting plans in the works for this upcoming development which will emphasise multigenerational living opportunities. The scheme will be designed to be future-proof, catering for the evolution of the family, offering nurturing and secure environments, complemented by welldesigned functional gardens and parks with recreational facilities,” said UEM Sunrise Chief Executive Officer Sufian Abdullah.
With this latest purchase, UEM Sunrise’s total landbank in the Greater Kuala Lumpur area stands at approximately 175 hectares amounting to an estimated total GDV of RM29.5 billion, providing the Company with resilient and sustained growth in the long term.
