UEM Sunrise proposes landmark development at The Oval Subiaco East in Perth, Australia
The proposed development will comprise of approximately 340 apartment units with a launch GDV potential of A$450 million (RM1.
The proposed development will comprise of approximately 340 apartment units with a launch GDV potential of A$450 million (RM1.
Precinct B of Ion Belian Garden comprises 186 units of single-storey terrace houses, targeted for completion by 2026.
Datuk Edward Chong Sin Kiat of Shah Alam 2 Sdn Bhd, a subsidiary of IJM Land Bhd, has been reappointed as deputy chairman after the annual general meeting on May 21.
Kerjaya Prospek said the contract will commence on July 1 and be completed within 40 months.
Gamuda’s established regional presence, track record, and the current growth in DC investment position the group well for further opportunities, according to Hong Leong Investment Bank (HLIB) Research.
Details of the project, including the identity of the building, were not disclosed in TRC's filing to Bursa Malaysia.
The land is described as a freehold industrial land that is “strategically” located between Sydney and the future Western Sydney Airport.
The project is set to commence next Monday (May 27) and is scheduled for completion on Feb 27, 2026.
The proposed acquisition is in line with the company’s goal to build more affordable homes towards its objective of completing 50,000 affordable homes throughout the nation by 2028.
Over the next 15 years, the plant is projected to create nearly 3,000 skilled jobs, and “significantly reduce production cycles, enhancing efficiency and competitiveness in the semiconductor industry”.