UEM SUNRISE IS WORLD SILVER WINNER OF FIACBI WORLD PRIX D’EXCELLENCE AWARDS 2016
UEM Sunrise’s upmarket high rise residential property, 28 Mont’Kiara in the Central Region was named the World Silver Winner by FIABCI World Prix d’Excellence Awards 2016
KUALA LUMPUR, 30 May 2016 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), one of Malaysia’s leading property developers, has emerged as the “World Silver Winner” at the FIABCI World Prix d’Excellence Awards 2016 in the Residential (High Rise) category.
Commenting on the award, Dato’ Izzaddin Idris, UEM Sunrise’s Executive Director said, “We are very pleased to be receiving the FIABCI World Prix d’Excellence Silver Award for our 28 Mont’Kiara development. The award, which recognises projects around the world that best encapsulates a balance of societal and property needs, is testament to our commitment to create sustainable and quality communities and developments. We are proud that our developments continue to rank among the top in the world, not only in terms of quality and design, but also in terms of serving the needs of the community”.
28 Mont’Kiara is a residential development that was built on a simple principle – great design for living. According to UEM Sunrise’s Project Director (Central Region), Liong Kok Kit, during the planning period, the enclave of Mont’Kiara – where 28 Mont’Kiara is located, was on its way to becoming known as a ‘Global Village’ due to the large expatriate community living there. It has since matured into a world-class address to live. This has inspired the Company to build an unprecedented living space that surpasses all previous design standards, and push all known conventions to realise this vision.
Liong represented UEM Sunrise at the awards presentation ceremony held at Hotel RIU Plaza Panama, in Panama City, Panama, Central America on 25 May 2016.
As a super-modern luxury condominium, 28 Mont’Kiara integrates the philosophies of modern and contemporary functional design with health and wellness. Featuring expansive areas for recreation, therapeutic pampering and greener living; it is a sanctuary for those seeking the best for their overall well-being. Numerous water features include a water playground, a 50-metre lap pool with featured resistance swimming at one end, a hydrotherapy spa as well as a water jet spout massage gives plenty of options to relax and rejuvenate.
28 Mont’Kiara is an ultra-modern abode that offers lavish living spaces. Built on 5.81 acres of freehold land, the development offers a total of 460 units within a pair of twin towers of 40 storeys each, where each tower only has three wings of two units per floor to ensure privacy and tranquility.
The development is also endorsed as a Green Building with BCA Green Mark Gold certification. Every step of the building process was taken with care for the natural environment, from the planning of thermal comfort at home to the use of sustainable materials.
Many aspects of 28 Mont’Kiara’s overall design (such as the water features, the spa nest and the curved edges of the tower block design) mimic naturally-occurring shapes of the wilderness and natural environment. Even its colour palette is rooted in earthly tones to sustain the imagery of being in the midst of nature. Complete with various water elements in 28 Mont’Kiara, the development is designed to enhance the overall serenity for the community.
The safety of residents is also bolstered with high security installations, which also ensures privacy. 28 Mont’Kiara was purposefully built, down to the smallest detail, according to the ideals of human well-being. This attention to detail was what earned it its place as one of the best addresses in the world.
The “World Silver Winner” recognition is the first for UEM Sunrise. Back in May 2012, Iskandar Puteri (formerly known as Nusajaya) emerged as a winner in the Master Plan Category at the FIABCI Prix d’Excellence Awards 2012. In October 2011, Iskandar Puteri was named the Best Master Plan at the FIABCI Malaysia Property Award 2011 while UEM Sunrise’s luxurious 10 Mont’Kiara development was a joint winner in the Residential (High Rise) Category.
Previously, the Company won two FIABCI Malaysia Property Award recognitions, having won the Best Master Plan for Puteri Harbour in 2009 as well as Winner for the Public Sector Category for Kota Iskandar (Phase 1) in 2010. Both Puteri Harbour and Kota Iskandar went on to receive runner-up trophies at the FIABCI Prix d’Excellence in 2010 and 2011 respectively.
The FIABCI World Prix d'Excellence Awards recognises projects that best embody excellence and balance in all real estate disciplines involved in their creations and designs. Winning projects are judged based on a set of criteria which include architecture, development, environmental impact, financials and marketing and are selected by an international panel of real estate professionals and experts.
UEM SUNRISE INKS DEAL WITH TM FOR A HIGH RISE MIXED DEVELOPMENT PROJECT IN JALAN RAJA CHULAN, KUALA LUMPUR
KUALA LUMPUR, 27 May 2016 – UEM Sunrise Berhad (“UEM Sunrise”), one of Malaysia’s leading property developers and master developer of Iskandar Puteri today entered into a Joint Land Development Agreement (“JLDA”) with Telekom Malaysia Berhad (“TM”) to develop a 1.69-acre land parcel owned by TM in Jalan Raja Chulan, Kuala Lumpur into a high rise mixed development comprising serviced apartments and retail elements to cater for the immediate community.
The JLDA was formalised today between UEM Sunrise, TM and Sunrise Quality Sdn Bhd (“SQSB”), an indirect wholly-owned subsidiary of UEM Sunrise, which will act as the development vehicle for the Project. Under the JLDA, SQSB will pay TM a Guaranteed Land Cost of RM150 million (by way of a 10% refundable deposit and the balance in stages after all conditions precedent are met) as well as a 5% share of the Gross Development Value (“GDV”) of the project (net of discounts) which will be determined later. The land consideration was arrived at on a willing buyer and willing seller basis which was achieved after an open tender exercise. SQSB will be fully responsible for the planning and development of the land parcel which is strategically located close to the Kuala Lumpur city centre and enjoys beautiful and panoramic views of the Bukit Nanas Forest Reserve and the KL Tower.
Dato’ Izzaddin Idris, Executive Director of UEM Sunrise said, “The agreement inked with TM will allow us to showcase our expertise in delivering a unique lifestyle high rise development within the Kuala Lumpur city centre. We hope to secure the necessary approvals over the next 12 to 24 months. This deal is in line with our strategy to diversify as well as grow our business in the Central Region and we expect this project to contribute positively to our medium term growth.”
UEM Sunrise had today released its quarterly financial results for the first quarter ended 31 March 2016, which saw total revenue declined to RM257.8 million from RM417.4 million in the corresponding period of 2015. The decrease is mainly due to reduction in property development sales in the Southern Region. Furthermore, in the preceding year, the Group recorded a higher revenue contribution from the higher construction progress for two key projects, Teega and Summer Suites. Profit After Tax and Non-Controlling Interest was also lower at RM3.0 million compared to RM53.1 million in 1Q 2015 mainly attributable to lower profit from operations, higher finance cost due to increase in borrowings and lower capitalisation of interest following the completion of projects. At the same time, contribution from associates and joint ventures was also lower in the current quarter.
Property development sales for the quarter was RM229.2 million, 76% of which is contributed by international projects mainly from Conservatory in Melbourne; 15% from projects in the Central Region mainly from Residensi Sefina Mont’Kiara and Serene Heights Bangi; and the balance of 9% from the Southern region, largely from Estuari Gardens at Puteri Harbour. Unrecognised revenue as at 31 March 2016 stood at RM4.7 billion compared to RM3.9 billion in the same quarter last year.
For the current financial year, UEM Sunrise has to-date launched two new projects to the market. Denai Nusantara, a high rise affordable homes development with a total GDV of RM188.5 million as well as Melia Residences (Phase 1, Phase 2 and Phase 3) that commands a total GDV of RM280.1 million. At the same time, UEM Sunrise is actively engaging industries/enterprises overseas to locate their business and operations in Iskandar Puteri specifically Nusajaya Tech Park and Southern Industrial & Logistics Clusters (“SiLC”) for the mid and long term sustainability of its developments in the Southern Region.
UEM SUNRISE TO FOCUS ON STRENGTHENING FUNDAMENTALS TO STEER GROWTH
KUALA LUMPUR, 23 May 2016 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) will focus on strengthening its fundamentals and have thus outlined several key priorities to steer growth and help weather the challenging property market in 2016 and beyond.
Amongst the key priorities include establishing a comprehensive marketing strategy to further improve marketing communication, sales force performance, pricing/promotional planning and external collaborations. In addition, the Company will intensify its systems and processes to ensure timely and quality delivery; further build its reputation as a value-driven developer; nurture a service oriented culture in the organisation; and managing operating costs.
Dato’ Izzaddin Idris, Executive Director and Board Member of UEM Sunrise said this during the Company’s 8th Annual General Meeting held today, 23 May.
“We foresee 2016 to be a very challenging year for the sector. We share the views of Ratings Agency Malaysia whereby we expect demand to stay subdued as the Malaysian economy slows, tight lending condition continue to linger, and consumer as well as business sentiment remain passive,” said Dato’ Izzaddin.
On the Company’s plan for 2016, Dato’ Izzaddin said UEM Sunrise will continue its efforts to deliver diverse range of products with strong concepts and quality such as the newly launched Melia Residences (Phase 1 to 3) – 366 uniquely crafted landed strata units in Gerbang Nusajaya with an estimated gross development value (“GDV”) of RM280 million.
Iskandar Puteri will remain UEM Sunrise’s long term growth driver in the Southern Region. It plans to intensify the development of Gerbang Nusajaya into the commercial and business engine of Iskandar Puteri and gateway of Iskandar Malaysia.
Apart from the launch of its subsequent developments, and clearing out existing inventories, UEM Sunrise will continue to collaborate with strategic partners as part of its growth strategy and to add value to its ongoing projects.
In view of current consumers’ sentiment and market demand, UEM Sunrise will also continue to foster organic growth via property related businesses.
“The current property down cycle is an opportune time for us to concentrate on creating a recurring income base for the Company by leveraging on our existing projects such as our retail businesses – Publika in Solaris Dutamas, Kuala Lumpur and Mall of Medini in Iskandar Puteri; as well as expanding our revenue from property management, project management, leasing services and hospitality,” said Dato’ Izzaddin.
For financial year ended 31 December 2015 (“FY2015”), UEM Sunrise recorded a total revenue of RM1.75 billion, a decrease of approximately 34% from RM2.66 billion reported the previous year; mainly due to a significant reduction in land sale revenue, while Profit After Tax and Non-Controlling Interest (“PATANCI”) stood at RM257.21 million versus RM479.9 million recorded in 2014.
In 2015, UEM Sunrise launched three projects – Serene Heights Bangi, a nature inspired township in Selangor; Residensi Sefina Mont’Kiara, a unique cruise ship-themed high rise residence in Mont’Kiara, Kuala Lumpur; and Estuari Gardens, its first landed residential project in the exclusive enclave of Puteri Harbour in Iskandar Puteri. It also launched Conservatory in October 2015, a 42-storey residential development located on Mackenzie Street, Melbourne, Australia. These launches in the Southern, Central and International regions released a total of 1,900 units into the market with a combined total GDV of over RM2.63 billion.
UEM Sunrise’s 8th AGM marked the Company’s fourth consecutive dividend pay-out since its listing in 2008. For FY2015, UEM Sunrise has obtained shareholder’s approval for the Company’s first and final single tier dividend of 1.6 sen per ordinary share of RM0.50 each.
UEM EDGENTA RECORDS STELLAR OPERATIONAL PERFORMANCE AND HEALTHY FINANCES IN 2015
Company Puts in Place Various Initiatives to Sustain Momentum for 2016
KUALA LUMPUR, 12 May – 2015 was a bullish year for Total Asset Solutions provider, UEM Edgenta Berhad (“UEM Edgenta”) as it recorded a stellar operational performance and healthy finances for the financial year ending 31 December 2015.
As compared to 2014, revenue was up by 1.1 percent to RM3.12 billion (versus RM3.08 billion) and gross profit improved by 4.1 percent to RM1.02 billion in 2015 versus RM981.3 million in 2014. This was mainly driven by higher contribution from Infra services and the Integrated Facilities Management businesses. As a result, gross profit margin increased by 0.9 percent or 31.8 percent to 32.7 percent in 2015.
Excluding one-off costs arising from Mutual Separation Scheme, goodwill impairment for Opus Stewart Weir (“OSW”) and reversal of deferred consideration rising from the acquisition of OSW by Opus International Consultants Ltd, Normalised Profit Before Tax in 2015 increased by 17.4 percent to RM350.8 million versus RM298.8 million in 2014. 2015 was a good year for UEM Edgenta’s Infra Services where the division recorded revenue of RM890.7 million, a 17 percent or RM128.5 million increase over 2014.
UEM Edgenta, which declared and paid an interim dividend of 15 sen per share with a payout ratio of 64 percent on 31 March 2016, has put in place several initiatives in the year 2015 to sustain its momentum for 2016.
According to Azmir Merican, Managing Director/Chief Executive of UEM Edgenta, this includes a joint venture with UEM Sunrise Berhad and Medini Iskandar Malaysia Sdn Bhd to provide township management services which includes property management services and integrated facility management services to building owners and residents of Medini and Iskandar Puteri. The service which focuses on township development is the first of its kind in Malaysia and is the showcase model for future roll-out in the country as well as ASEAN Countries.
“Another joint venture formed in 2015 was with Resource Data Management Asia Sdn Bhd (RDM Asia) to offer energy management solutions where our customers will be able to optimise energy performance of their premises and lower their carbon footprints translating into reduced Asset Management Costs. To date, we have completed the installation of energy management system in 33 Ministry of Health (“MoH”) hospitals.
“We also expanded our presence into Indonesia and the Middle East whereby we secured a three-year contract to maintain the 116-kilometre Cikampek Palimanan toll road in Indonesia and commenced asset consultancy work on the Royal Commission of Jubail and Yanbu in Saudi Arabia. These two countries will continue to be our focus for 2016,” said Azmir.
For 2016, Azmir said that UEM Edgenta is on track to establish an Active Facilities Management and Internet of Things (“IoT”) capabilities for and within the South East Asia Market.
“We strive to use technology to maintain an edge in the industry, pioneering new way of thinking. We are introducing IoT capabilities in our business as we believe data analytics and big data applications will assist us to achieve better efficiencies for our customers. In realising this, we will establish a command centre for our Energy Management system for the 33 MoH hospitals. This center, which will be located at our headquarters in Menara UEM, is scheduled to be fully operational by third quarter (“Q3”) of 2016.”
Azmir went on to say that the Company will continue to invest in Research and Development (“R&D”) as it believes innovation is one of the key drivers of the Company’s success. An R&D Center located in Bukit Beruntung, Selangor is currently being set-up where will house among others a Pavement Research Centre, focusing of development of different pavement materials from recycled waste and milled pavements which promotes greater sustainability. UEM Edgenta also plan to set-up a premix plant to produce various pavement materials.
In addition, the year 2016 will see UEM Edgenta protecting and enhancing its core business offerings specifically Healthcare Services, Infra Services and Asset Consultancy as well as grow and effectively deliver its new business offerings made-up of Property Services, Environmental and Material Testing Services, and Energy Services.
The Company via its asset consultancy, infra services and environmental and material testing services is also well position to capture some of the RM150 billion worth of key infrastructure projects initiated by the Government for the next five years.
UEM Edgenta plans to continue with its integration and rationalisation efforts following its merger and improve its technology utilisation including the deployment of Active Facilities Management capabilities.