UEM Sunrise said the disposal will allow it to fund working capital for the launch of its upcoming product, Residensi ZIG, also in Kiara Bay, tentatively scheduled for this quarter.
The group, via its wholly-owned unit Kerjaya Prospek (M) Sdn Bhd, had received a letter of award on Wednesday from UEM Sunrise’s wholly-owned Sunrise Alliance Sdn Bhd.
In a filing with Bursa Malaysia on Monday (Aug 28), the property developer said that UEM Sunrise South Africa had entered into a sale of shares and claims agreement with Azishe Properties Proprietary Ltd for the proposed divestment.
Total revenue of RM605 million; 76% from property development activities.
The group has been actively looking into investing in Perth for some time due to the city’s strong fundamentals underpinning the economy, a lower housing entry point and some of the best prospects for capital gains in Australia.
Senadi Hills 2A’s price starts from RM843,000 and is targeted for completion at the end of 2Q2025.
Hafizuddin, 48, held several senior management roles including stints as chief treasury officer at Berjaya Corp Bhd, and as head of treasury at Permodalan Nasional Bhd.
"We are incredibly proud that both our latest developments, The MINH Mont’Kiara and The Connaught One, brought home more prestigious awards as well as, this time, being recognised in the Asia Pacific for their designs and offerings,” said UEM Sunrise chief development officer Mardiana Rahayu Tukiran.
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