News about Sunway

PENANG has one of the fastest growing property markets in the northern region of Peninsular Malaysia due to myriad factors.

“THE property market has softened” is what has been uttered for the past few months.

PETALING JAYA (Sept 30): Sunway Property has expressed hopes that the government can continue with policies that encourage property purchase and ownership in its Budget 2017 proposals.

KUALA LUMPUR (Sept 30): Sunway REIT Management Sdn Bhd non-independent non-executive chairman Tan Sri Dr Jeffrey Cheah Fook Ling (pictured) will relinquish his position effective today, as part of efforts to enhance board independence.

KUALA LUMPUR (Sept 29): Sunway Hotels & Resorts newly opened regional sales office in Shanghai targets to push its hotel revenue growth to double-digit from the burgeoning and affluent outbound Chinese travel market.

Sunway Construction Group Bhd (Sept 27, RM1.

KUALA LUMPUR (Sept 21): Sunway Hotels & Resorts has opened a regional sales office in Dubai, the United Arab Emirates.

AS property developers are given the option to take on the role of moneylenders to homebuyers who cannot obtain bank loans, it remains to be seen whether they will jump on the bandwagon en masse.

PETALING JAYA (Sept 15): Sunway Pyramid Hotel West in Bandar Sunway, Petaling Jaya, will have a brand new name, Sunway Clio Hotel, effective Oct 1 this year, according to Sunway Hotels & Resorts — the hospitality division of property-construction conglomerate Sunway Group.

Construction sector Maintain overweight call: We remain “overweight” on the construction sector as news flows on contract awards should sustain the sector’s outperformance.