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June

KUALA LUMPURJune 30 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has unveiled their latest development, The Connaught One in Cheras during its grand official launch on Saturday, June 24.

 

The official launch, which took place at Forest Valley Hall in Bandar Mahkota Cheras, witnessed an overwhelming response of more than 800 attendees, among whom were from the Company’s customer loyalty programme, Trésor particularly from Residensi AVA and Klang Valley as well as the Cheras community and general public.

 

UEM Sunrise Chief Marketing Officer Kenny Wong said during the event: “The Connaught One is our first transit-oriented development (TOD), and the first residence in our RISE Series under our recently launched Happy+ product series. It reflects our efforts to categorise our future residential products into segments based on our homebuyers’ lifestyle and life stage needs.”

 

He also shared: “The overwhelming response during The Connaught One’s grand launch serves as yet another testament of the public’s confidence in UEM Sunrise’s value-driven and future-proof products, and we truly appreciate continued their support and trust in us.”

 

The event, hosted by the delightful Nadia Heng, featured a lucky draw, a photobooth mimicking an MRT train cabin along with street food to pay tribute to its location near a prominent night market and close proximity to the Taman Connaught MRT Station.


To date, The Connaught One has recorded an impressive take-up rate of 85% for Tower A. Sprawled on a 1.4-hectare tract in Cheras, the freehold development has a gross development value (GDV) of RM747 million.

 

Targeted for first-time homebuyers, professionals as well as multi-generational families, The Connaught One will offer two 53-storey towers, Tower A and B that will comprise 1,334 service apartment units and 15 retail lots. 

 

Located just right next to the Taman Connaught MRT station and the Cheras Sentral Mall, the development will feature five different layouts of residential units with built ups ranging from 42 m² (452 ft²) to 118 m² (1,270 ft²), and retail lots will have sizes ranging from 70m² (763 ft²) to 133 m² (1,440 ft²).

 

Prices of the residential units start from RM290,000* onwards and the development is due to be completed in 4Q2027.

 

The Connaught One will come with a wide range of facilities including a jogging track, bicycle lane, multi-generational playground, jacuzzi, lap and wading pools as well as reading areas among others. The common area will also be partially powered by solar panels and common electric vehicle (EV) chargers. 

 

Nearby amenities will include the Pantai Hospital Cheras, USCI University and one of Kuala Lumpur’s longest night markets known as the Taman Connaught night market. The development is also connected to highways such as Cheras-Kajang Expressway (CKE), the Sungai Besi-Ulu Kelang Expressway (SUKE), and Middle Ring Road 2 (MRR2) as well as Jalan Cheras.

 

UEM Sunrise’s first transit-oriented development (TOD), The Connaught One’s grand launch, which took place at Forest Valley Hall in Bandar Mahkota Cheras on June 24, witnessed an overwhelming response of more than 800 attendees. 

 

UEM Sunrise Chief Marketing Officer Kenny Wong gave his opening remarks to the attendees. He said The Connaught One is their first TOD and the first residence in their RISE Series under their Happy+ product series as part of the Company’s efforts to categorise future residential products into segments based on their homebuyers’ lifestyle and life stage needs.

 

The Connaught One grand launch featured various street food to pay tribute to its location near a prominent night market, among other activities.

 

A scale model of The Connaught One. Being close to the Taman Connaught MRT Station, UEM  Sunrise’s TOD grants residents the convenience and flexibility of accessing public transportation while offering various built-up homes for all market segments.

 

The public viewing the scale model of The Connaught One. Targeted at first-time homebuyers, professionals, and multi-generational families, The Connaught One will offer two 53-storey towers, Tower A and B, comprising 1,334 service apartment units and 15 retail lots.

KUALA LUMPUR21 June 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), has partnered up with global leader in the investment, development and management of rental housing, Greystar Real Estate Partners, LLC (“Greystar”) to develop the first ‘Build-to-Rent’ (BTR) project in the inner-Melbourne suburb of Collingwood.

This is the first BTR project by a Malaysian developer in Australia, in a bid to strengthen the group’s presence there.

The agreement will see Greystar as the investor and eventual owner-operator of the proposed BTR development through a fund-through structure, with UEM Sunrise as the developer and delivery partner. The upcoming project's value of the transaction is approximately AUD277 million.

UEM Sunrise Chief Executive Officer Sufian Abdullah said: “Moving into Melbourne’s burgeoning Build-to-Rent market marks a new chapter for UEM Sunrise, as we continue our active expansion in the Australian market. We have seen significant demand for Build-to-Rent projects as people seek out more housing options, as well as the sense of a long-term community. Melbourne has just become Australia’s most populated city, which has made it the right place for UEM Sunrise to invest in the asset class.

He added: “We look forward to working with Greystar and the City of Yarra to bring this exciting development to life.”

Situated at 21-53 Hoddle Street (and subject to planning approval), the proposed development is expected to include approximately 400 apartment units across two buildings, with a mix of studios and one-, two- and three-bedroom apartments suitable for multi-generational living.

The proposed development will also feature extensive common facilities and services for residents including swimming pool, gym, movie room, wellness and entertainment spaces, bike parking, electric vehicle charging stations, concierge, and co-working spaces.

The planned scheme will rejuvenate Collingwood’s east end with a proposal for a vibrant public town square at the heart of the site featuring food and beverage options, shops, essential services and greenery. New pedestrian throughfare links will also improve connectivity and permeability between Hoddle, Langridge and Islingston Streets.

BTR homes are developed and built to target the rental market. Designed specifically for long-term renters, BTR developments create a sense of community living and provides diverse housing options for occupiers. Given this flexibility, these homes allow its residents to stay within a neighbourhood that fits their preferences, needs, and lifestyle without being tied down by the burden of owning a home.

In line with UEM Sunrise and Greystar’s commitment to sustainability and creating healthy, high-quality communities with the neighbourhoods they serve, extensive new green space and landscaped areas will be delivered across the 5,390 m2 (58,017 ft2) site.

The proposed development is UEM Sunrise’s third milestone in their expansion in the Australian market, after the completion of their flagship projects - Aurora Melbourne Central, the tallest integrated mega tower in the central business district of the city, blending stunning residential apartments and lavish residents-only amenities with a destination serviced apartment, strata office suites and unique retail offerings; and Conservatory, a mixed development that balances city vibrancy and garden tranquility, both located in Melbourne, Australia.

Planning documents are expected to be submitted in July 2023, and subject to planning and approval, construction is anticipated to commence in mid-late 2024 and take approximately three years. UEM Sunrise completed the purchase of the site at 21-53 Hoddle Street in Collingwood from Jowett Properties in March 2021.

 

UEM Sunrise Chief Executive Officer Sufian Abdullah 

 

(From left to right) Greystar Australia Managing Director Chris Key and UEM Sunrise Chief Executive Officer Sufian Abdullah. 

 

(From left to right) Senior Director, Development from Greystar Sean Ryan; Greystar Australia Managing Director Chris Key; UEM Sunrise Chief Executive Officer Sufian Abdullah; and Director, Business International (Australia) Ong Chee Wei posed for a group photo after the signing ceremony. 

 

Artist's Impression of UEM Sunrise's BTR project in Collingwood. 

KUALA LUMPUR20 June 2023 – UEM Sunrise Berhad (UEM Sunrise) has announced new appointments of Datuk Hisham Hamdan as Chairman and Mr Reagan Chan as Director in a Bursa Malaysia filing, effective July 1, 2023.

Datuk Hisham Hamdan, 55, is currently an Executive Director of Investments at Khazanah Nasional Berhad (Khazanah) since April 2011. As the Head of Public Markets in Khazanah, he is entrusted with a mandate to invest in more than 10 countries worldwide. Hisham previously covered the Auto, Agrifood and Iskandar Malaysia portfolios and served as Executive Director of Research. He is a founding member of the Board of Trustees of Khazanah Research Institute.  Previously from Sime Darby Berhad, Hisham has served in several senior capacities in strategy and business development, healthcare, energy and utilities, and China.

Formerly Chairman of the Board of UDA Holdings Berhad and BBCC Development Sdn Bhd, the developer of Bukit Bintang City Centre, Hisham has also previously served on the Board of Iskandar Investment Berhad, Sunway Iskandar Sdn Bhd and Southern Marina Development Sdn Bhd.

He obtained a dual bachelor’s degree in chemical engineering and industrial management from Purdue University, United States, and has attended the Harvard Business School’s Advanced Management Programme.

Reagan Chan, 41, graduated in actuarial science from The London School of Economics, United Kingdom, is currently Senior Vice President of Investments of Khazanah. He joined Khazanah in 2012 and currently oversees its Real Assets and Property portfolio, having previously covered inter alia Iskandar Malaysia, and Technology portfolios in the group.

Both positions were formerly held by Datuk Noorazman Abd Aziz and Effizal Faiz Zulkifly, respectively.

A key figure in UEM Sunrise, Noorazman joined the Board in October 2018 and served as Chairman since August 2020, and is widely known for his contributions in the group, having concurrently served as Chairman of the Board of Trustees of Yayasan UEM, the philanthropic arm of UEM Group Berhad.

Noorazman has been instrumental in spearheading the group’s three-phase strategic turnaround plan comprising Triage, Stabilise and Sustain, among other significant targets and sustainable initiatives. He led UEM Sunrise during the economic uncertainty wrought by the Covid-19 crisis, in which he aided the group in returning to the black for financial year ended 2022. To date, UEM Sunrise’s gross profit margin rose to 44% in 1Q2023 compared to 24% in the 1Q2022, with profit after tax and non-controlling interests of RM15.4 million for 1Q2023.

Effizal Faiz Zulkifly, who joined in February 2020, has served as a member of the Board of Development Committee of UEM Sunrise. He played a pivotal role in the value creation of numerous key developments such as macro-townships, high-rise residential and integrated developments in the group during his tenure.

The Board, and the management place on record their appreciation to Datuk Noorazman and Effizal for their contribution to the group.

 

Datuk Hisham Hamdan

 

Reagan Chan

KUALA LUMPUR20 June 2023 – UEM Sunrise Berhad (UEM Sunrise or the Company), will unveil The Connaught One, its first transit-oriented development (TOD) in Taman Connaught, Kuala Lumpur, on Saturday, 24 June. Being in close proximity to the Taman Connaught MRT Station, the Company’s upcoming TOD grants residents the convenience and flexibility of accessing public transportation while offering various built-up homes for all market segments.

Starting at RM290,000*, UEM Sunrise’s first freehold TOD covers 1.4 hectares (3.4 acres) and consists of two towers, each 53 storeys high with a total of 1,334 units from 9 to 16 units per floor, offering five types of layouts with starting built-up sizes from 42 m² (452 ft²) to its biggest 118 m² (1,270 ft²). These layouts are flexible and adaptable by design, giving residents the freedom to design a layout that fits their current lifestyle. Type A comes with one car park bay, Type B with one or two car park bays (in tandem), while types C, D and E come with two car park bays.

The Connaught One addresses various needs of the market as a result of the pandemic, such as a co-working lounge for those working from home, a dedicated parcel and delivery area near the guardhouse and various outdoor and recreational facilities, including a jogging track and bicycle lane, intergenerational playground, jacuzzi, lap and wading pools, and a reading area, all to foster a healthier and active lifestyle within the development. The common area is also partially powered by solar panels, and common EV chargers are provided.

“We conceptualised The Connaught One as a unique product that combines its accessibility and integration with the public transportation system, catering to the demands of young urban professionals and families working either in the city or the area, as well as complementing the needs of the post-pandemic lifestyle, all at an affordably priced residence. The Connaught One’s overall design reiterates our product DNA to flexibly cater to our homebuyers’ current and future lifestyles.

As such, we are excited to launch our first TOD this coming weekend,” said UEM Sunrise Chief Executive Officer Sufian Abdullah.

The residential development is right for first-time homebuyers and professionals working near the city centre and attractive for small to medium families who still wish to live in Cheras, especially near the Taman Connaught MRT Station.

For those commuting by car, The Connaught One is directly connected to the Cheras-Kajang Expressway, Jalan Cheras and is a short drive to the Middle Ring Road 2 (MRR2), all of which will serve to disperse traffic to various parts of the city.

Its residents will benefit from various amenities within a 5km radius, including world-class healthcare providers such as the Pantai Hospital Cheras; and UCSI University, a leading higher education institution with a 12,000-strong student body.

With the readily available public transportation infrastructure and services as well as the vast array of facilities and amenities, Cheras is fast becoming one the most searched areas to rent amongst house hunters and investors, with the Taman Connaught MRT station just six stops away from the Tun Razak Exchange, which will house several financial services companies, and integrated retail hubs.

The residence is on track for completion in the last quarter of 2027.

With a Gross Development Value (GDV) of RM747 million, The Connaught One is also the first residence in the RISE Series under the Happy+ product series, UEM Sunrise’s efforts to categorise its future residential products into segments based on its customers’ lifestyle needs. Residences under The RISE Series are flexible and agile spaces that can shape and shift to suit homebuyers’ lifestyles with limitless value propositions. These attainable homes embody practical living with an environment of simplicity, recreation, and convenience.

For more information about the Company’s first TOD, The Connaught One, visit uemsunrise.com or visit The Connaught sales gallery at 191-01-01, 1st Floor, Wisma CKE, Jalan Lanchang, 56100 Cheras, Kuala Lumpur.

 

UEM Sunrise Chief Marketing Officer Kenny Wong sharing some opening remarks during the Company’s The Connaught One Media Launch held on the morning of June 20. 

 

From left to right – UEM Sunrise Chief Operations Officer, Central Liong Kok Kit; Chief Development Officer Mardiana Rahayu Tukiran; and Chief Marketing Officer Kenny Wong posed for a group photo next to the scale model of The Connaught One, the Company’s first transit-oriented development in Taman Connaught, Kuala Lumpur. 

 

Members of the press given a tour around The Connaught One show unit after the media launch earlier this morning.

KUALA LUMPUR, 13 June – Edgenta NXT, a subsidiary of UEM Edgenta Berhad (“UEM Edgenta”), a leading Asset Management and Infrastructure Solutions company in the region, has partnered with Disrupt-X, a major global digital technology player based in Dubai, to present the highly anticipated ‘Cracking IoT Conference Chapter 2’.

Edgenta NXT and Disrupt-X aims to bring together various global industry leaders to discuss and deliberate on the key benefits of Internet of Things (“IoT”), 5G and Digitalization towards shaping a digitally empowered nation at the one-day event which was held at Kuala Lumpur Convention Centre. With IoT serving as a catalyst for change, the conference offered many profound insights, fostering a rich eco-system of knowledge sharing and best practices.

“We brought together global industry leaders, some of the brightest minds in the IoT realm, to allow attendees comprising early adopters, start-ups, developers and IoT strategists to explore the boundless potential of a connected world as they exchanged valuable insights and shared best practices on the game-changing role of IoT, 5G, and digital transformation. All in all, we succeeded in preparing business leaders to be ready to propel their industries into a more sustainable and connected future,” said Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta.

The ’Cracking IoT Conference Chapter 2’ emphasised the impact of new technologies across diverse sectors, from healthcare and manufacturing to transportation and smart cities. UEM Edgenta have shifted from service providers to value-adding partners and have demonstrated clear efficiency to asset owners by delivering sustainable and smart facilities management solutions through their tech-arm, Edgenta NXT.

“The future of Asset Management and Facility Management (“FM”) in the next coming years will be the defining years for next-generation solutions in the FM market that will be fully tech-enabled. Edgenta NXT is excited to be at the forefront of this transformation. This paradigm shift in turn, draws investments, drives job creation, and enhance the quality of life for communities,” said Marien Kamal, Chief Executive Officer of Edgenta NXT.

“We recognize the urgent need to harness the potential of these cutting-edge technologies to drive efficiency, sustainability, and growth in various sectors. The collaboration aimed to empower organizations to embrace digitalization fully, revolutionizing their operations and strategies to thrive in the era of Industry 4.0 while mitigating environmental impact,” said Asim Sajwani, Founder/Chief Executive Officer of Disrupt-X.

The conference was officially launched by Dzuleira Abu Bakar, Group Chief Executive Officer of MRANTI, accompanied by Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM Edgenta, and Muhammad Hassan, Chief Solutions Officer of Disrupt-X. Over 300 attendees, consisting of C-Suite executives, industry experts and students were among the participants, where they had the opportunity to learn from global leaders in the IoT sphere. Throughout the day-long programme, attendees participated in discussions, witnessed technology and innovation discussions in various areas including Artificial Intelligence (“AI”), 5G, Robotics, Sustainability, as well as Data Analytics and IoT.

KUALA LUMPUR6 June 2023 – UEM Sunrise Berhad (UEM Sunrise or the Company), under its wholly-owned subsidiary Sunrise Innovations Sdn Bhd, has entered into a Sale and Purchase Agreement with Kwasa Properties Sdn Bhd, a wholly-owned subsidiary of Employees Provident Fund Board (EPF), to acquire approximately 3.7 hectares of freehold land adjacent to the Damansara-Puchong Expressway (LDP), in the prime location of Kelana Jaya at a purchase consideration of RM155 million.

The Company plans to develop a mixed-use development featuring residential and retail components, to be categorised in the NEST Series under UEM Sunrise’s Happy+ product series, a product branding initiative launched in February 2023 offering homebuyers the most ideal homes that cater to their varying lifestyles and life-stage needs. The NEST Series focuses on multigenerational-oriented homes designed with the customers’ extended families in mind.

“We have exciting plans in the works for this upcoming development which will emphasise multi-generational living opportunities. The scheme will be designed to be future-proof, catering for the evolution of the family, offering nurturing and secure environments, complemented by well-designed functional gardens and parks with recreational facilities,” said UEM Sunrise Chief Executive Officer Sufian Abdullah.

He then added, “Strategically located in the mature neighbourhood of SS6 Kelana Jaya, the residents of this new development will have easy access to urban amenities and great connectivity to vibrant commercial centres, including SS6’s retail hubs and Paradigm Mall, located just opposite it.”

The recently acquired land is also situated opposite the Taman Bandaran Kelana Jaya, Petaling Jaya’s largest and one of the most well-known parks in the area. Residents are able to take advantage of the park’s amenities and enjoy the available jogging tracks circling the lakes. Several units of this future residence may also have unobstructed views of the lake-filled park itself.

The development is estimated at a total Gross Development Value (GDV) of RM1.1 billion and is targeted to launch in 2025.

“This latest acquisition is a testament to our ongoing efforts to rebalance our landbanking portfolio and increase our presence in the Central region. We are confident that we can create more value in developing the land for the price we paid for. UEM Sunrise is always looking out for new development opportunities, especially in key conurbation and matured prime locations that deliver value to our customers and shareholders, as means to reinforce our future pipeline for long-term sustainability and growth,” Sufian said.

The disposition of EPF’s prime land to UEM Sunrise is thus aligned with the Company’s strategy to maintain sustainable development as a renowned property developer, proven by its notable track record.

With this latest purchase, UEM Sunrise's total landbank in the Greater Kuala Lumpur area stands at approximately 175 hectares amounting to an estimated total GDV of RM29.5 billion, providing the Company with resilient and sustained growth in the long term.

 

Artist Impression of KJ Development

 

UEM Sunrise CEO Sufian Abdullah

PLUS UNVEILS ITS NET ZERO COMMITMENT 

 

 

In conjunction with World Environment Day, PLUS Malaysia Berhad (PLUS), Malaysia's leading highway operator, takes a significant step towards advancing sustainability, through committing to a 2050 Net Zero Goal, aligned with national aspirations. This includes an interim-term target to reduce its greenhouse gas (GHG) emissions within its operations by 35% by 2030 against a 2017 baseline. 

This follows PLUS’ recent achievement of reducing 25% of its energy consumption through the implementation of energy efficient measures, such as retrofitting of LED lights and harnessing renewable energy through the deployment of solar panels at our offices and highway R&Rs. This has led PLUS to receive multiple national and regional energy recognitions and awards. Building on the momentum of this significant achievement, PLUS aims to strengthen its support towards the Nation’s 2050 Net Zero Goal through optimizing the harnessing of renewable energy, adopting low carbon mobility practices, tapping on nature-based solutions and driving a circular economy mindset. 

PLUS Managing Director, Datuk Nik Airina Nik Jaffar highlighted,
“As Malaysia’s largest highway operator, we believe in pioneering sustainability to advance the highway industry. Committing to a net zero goal will drive us towards innovation and collaboration which will contribute towards nation-building.” 

She further emphasized, “To realize our mission statement in connecting communities to shape a safe and sustainable future, we are committed to operate in an environmentally conscious and socially responsible manner while upholding good governance.” 

PLUS will launch its Sustainability Report this month, providing comprehensive disclosure of the company's continuous progress commitment towards shaping sustainable futures.

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