UEM Sunrise Bhd has marked the topping-out of Phase 2 of its KAIA Heights development, a low-density residential project located in Taman Equine, Seri Kembangan, Selangor.

Noteworthy:

• Freehold
• Built-up size: 558 sq ft 
• 1 bedrooms, 1 bathroom
• Semi-furnished
• Nearby amenities: D’Pulze Shopping Centre, Tamarind Square, Hong Leong Bank, CIMB ATM, Maybank ATM, ELC International School (Cyberjaya), SMK Cyberjaya
• Accessibility: Lingkaran Cyber Point Timur, MEX Highway, LDP Highway, SKVE Highway, Putrajaya Sentral MRT Station, Cyberjaya City Centre MRT Station

When: June 2025

The sukuk wakalah will have a perpetual tenure, unless cancelled, while the ICP programme will have a seven-year tenure.

Shaiful succeeds Syahrunizam Samsudin, who resigned at the end of August to take the helm of independent power producer Malakoff Corp Bhd. 

Developed at a cost of RM3 million, Suria Park was designed by HODA Design and draws inspiration from the sun as a symbol of vitality and renewal.

The government is targeting 50 high-impact projects in the JS-SEZ within the next five years and 100 projects over the next 10 years, while creating at least 20,000 high-skilled job opportunities over the next decade.

The association praised the Ministry of Finance and the Royal Malaysian Customs Department for recent clarifications, citing Service Tax Policy No 3/2025 (Amendment No 1) and Service Tax Policy No 7/2025 as evidence of policy responsiveness.

Ultra Green, which owns the land, will be entitled to 17% of the estimated RM600 million GDV for Phases 1A and 1B, with the remainder allocated to Business Park Development.

The 6% SST on certain construction materials and construction services from July this year may lead to higher home prices, lower margins and a potential market slowdown. 

The tender process for the package is currently in the final stage of technical and financial evaluation.