KUALA LUMPUR, Feb 23 — Sunway Property, the property division of Sunway Group, is confident that it would achieve its RM2.3 billion sales target this year, supported by a strong pipeline of projects.
Managing director Sarena Cheah said the target can also be achieved by targeting the right buyer segment.
“As the economic outlook remains resilient, we are hopeful about the property prospects this year,” she said in a statement today.
In the financial year ended December 31, 2022 (FY22), Sunway Property recorded RM2.0 billion in sales with an unbilled revenue of RM4.3 billion.
It had also delivered over RM 1.3 billion worth of projects in FY22, and has a total remaining landbank of 1,332.22 hectares with a potential gross development value of RM 58.9 billion.
This year, the developer would launch its next range of signature products across the regions for the residential segment in Malaysia.
It will also continue to invest in its integrated townships and complete RM 1.1 billion worth of investment properties, including 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.
Sunway Property will also expand its extreme park in Johor with the X Park 2 in Sunway City Iskandar Puteri to include catamaran and horse-riding facilities.
As for its international market, the developer 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,” said Cheah.
The developer will also continue to expand its wellness hubs across Malaysia with the Sunway Medical Centre Damansara and Sunway Medical Centre Ipoh, set to be completed in 2024.
— Bernama
