In June, Sunsuria completed its acquisition of an additional 33% stake in Bangsar Hill Park Development Sdn Bhd, which owns and develops the Bangsar Hill Park project.
Flagship projects totalling over RM2 billion launched in 2023 are still in the early stages of development, which will significantly bolster the company’s unbilled sales and provide strong revenue visibility moving forward.
This 11-acre freehold strata project features 700 units ranging from 1,233 to 2,060 sq ft, each with two parking lots.
In this phase, the business park will also feature two-storey semi-detached shop offices and drive-through units with further details forthcoming.
The value of the subcontract is more than four times Sunmow's current market capitalisation of RM232.
With a gross development value (GDV) of RM71 million, 264 @ Seiring will have a total of 264 units measuring 550 sq ft and have a selling price of RM270,000.
Gamuda Land chief executive officer Chu Wai Lune: “This innovative integration of AI technology within our homes perfectly aligns with our commitment to providing smart, sustainable and high-quality living solutions for our residents.
“By linking this sukuk wakalah to specific sustainability targets, we are taking a bold step forward by ensuring that our financial activities support our business goals while contributing positively to environmental and social objectives,” Teo said.
Barring any unforeseen circumstances, the proposed private placement is expected to be completed by 1Q2025.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
