UEM Sunrise Eyes Developments In Western Australia With GDV Of RM1.3 Billion

UEM Sunrise Berhad said it had submitted the Development Application (DA) of its first residential development in Subiaco East in Perth, Western Australia for Lots 1 and 2 at The Oval, Subiaco East, to deliver two landmark apartment buildings.

The Company is seeking approval for two mixed-use residential buildings on the 4,930sqm site, which will sit just beyond the boundary line of the iconic Subiaco Oval, alongside Haydn Bunton Drive. The proposed development is the first within the overall Subiaco East Masterplan by Development WA, the Western Australia State Government’s central development agency.
The proposed development will comprise of approximately 340 apartment units with a launch GDV potential of AUD450 million (RM1,346.7 billion) including up to 12% of the apartments providing affordable housing in the Western suburbs.

Chief Executive Officer Sufian Abdullah said, “The Company has had a significant presence in Australia for many years and we’re delighted to be delivering this landmark project in our first venture into Western Australia bringing a combined local and global expertise in mixed-use developments to the Perth residential market to create a vibrant and connected new community in Subiaco East.”

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