Sunway Property revises sales target to RM2.2b, driven by strong performance of Singapore launches
PETALING JAYA (July 7): Sunway Property revised property sales target to RM2.
OCBC Bank and Sunway REIT to collaborate on sustainable finance initiative
KUALA LUMPUR (June 24): Sunway Real Estate Investment Trust’s (Sunway REIT) SunREIT Unrated Bond Bhd (SUB) has mandated OCBC Bank (Malaysia) Bhd as the sustainability structuring coordinator of an unrated medium-term notes programme of up to RM10 billion in nominal value.
Singapore's GIC invests RM750mil for 16% stake in Sunway Healthcare over three years
KUALA LUMPUR (June 23): Singapore's sovereign wealth fund GIC Pte Ltd is acquiring a 16% stake in Sunway Healthcare Holdings Sdn Bhd (SHH) for RM750 million, confirming The Edge Malaysia's newsbreak over the weekend on GIC acquiring a strategic stake in the healthcare arm of the Sunway group.
Sunway Medical Centre appointed as healthcare organiser at Sunway Pyramid Convention Centre
KUALA LUMPUR (June 21): Sunway Healthcare group’s flagship hospital Sunway Medical Centre has been appointed as Healthcare Organiser (HCO) by ProtectHealth Corp Sdn Bhd to perform clinical management and public vaccinations at Sunway Pyramid Convention Centre (SPCC).
AmInvestment Bank Research cuts FV for Pavilion REIT, IGB REIT and YTL Hospitality REIT, increases it for Sunway REIT
KUALA LUMPUR (June 11): AmInvestment Bank Research has cut its fair value (FV) for Pavilion Real Estate Investment Trust (REIT) and IGB REIT, while increasing its FV for Sunway REIT.
Increasing enquiries for land outside city centre
While the recent deals of Cochrane land and Connaught land sales to Sunway Property and UEM Sunrise Bhd respectively have caught the market’s attention, real estate agency Rahim & Co International Sdn Bhd CEO Siva Shanker says not many developers are looking for land in Kuala Lumpur city centre.
Sunway Onsen Suites’ first tower achieves 90% take-up rate
IPOH (June 4): Sunway Onsen Suites, developed by Sunway Property, has achieved a take-up rate of 90% for its first tower comprising 252 units serviced suites.
Sunway 1Q net profit shrinks, lower contributions from property segments
PETALING JAYA (May 25): Sunway Bhd’s net profit for the first quarter ended March 31, 2021 dropped 6% to RM58.
SunCon's 1Q net profit rises 23.8% as revenue strengthens on higher progress billings
KUALA LUMPUR (May 20): Sunway Construction Group Bhd's (SunCon) net profit for the first quarter ended March 31, 2021 (1QFY21) rose 23.
Sunway REIT 3Q NPI drops 35% to RM67m, dragged by retail and hotel segments
KUALA LUMPUR (May 20): Sunway Real Estate Investment Trust's (Sunway REIT) net property income (NPI) for the quarter ended March 31, 2021 (3QFY21) fell 35.
