UEM EDGENTA REPORTS ROBUST 16.2% NET PROFIT GROWTH AND ACHIEVES FY2023 FULL-YEAR CONTRACT TARGET IN NINE MONTHS
KUALA LUMPUR, 28 November – UEM Edgenta Berhad (“UEM Edgenta” or the “Company”), the region’s leading Asset Management and Infrastructure Solutions company, today announced a 16.2% increase in net profit to RM28.6 million in the nine months ended 30 September 2023 on the back of a higher revenue of RM2.07 billion (RM1.81 billion 9M FY2022), reflected its resilience and ability to renew and win new contracts from its existing client base as well as new clients and growth markets.
In announcing its unaudited financial results today for the nine-month period under review, the Company reported a 14.3% growth in revenue to RM2.07 billion (RM1.81 billion 9MFY2022) through enhanced technology-enabled solutions, and high-quality service delivery, yielding strong client retention. UEM Edgenta’s current order book stands at RM9.2 billion, out of which 67% is contributed by Infrastructure Services.
As for Q3FY2023, net profit grew by 18.9% to RM5.2 million from RM4.4 million in Q3FY2022 while revenue improved by 11.6% to RM721.1 million driven by effective execution of ongoing contracts by both Singapore and Taiwan Healthcare Support, and Property and Facility Solutions (“PFS”) divisions as well as increased pavement works performed for expressways by Infrastructure Services. At the end of 30 September 2023, the Company’s balance sheet showed a net asset per share of RM1.94, cash and bank balances of RM650.3 million and a gearing ratio of 0.31 times.
In the first nine months of FY2023, UEM Edgenta secured new contracts totalling RM1.6 billion, achieving the Company’s FY2023 full-year target in 9 months. The Company is maintaining a robust pipeline of contract renewals and new wins in its established markets, namely Malaysia, Singapore, Taiwan, Indonesia, and the United Arab Emirates. Integration with the new subsidiary in the Kingdom of Saudi Arabia (“KSA”), MEEM For Facilities Management Company, is on track for the Company to pursue the growth opportunities in KSA.
Commenting on the latest results, UEM Edgenta’s Managing Director/Chief Executive Officer, Syahrunizam Samsudin said: “With technology reshaping every facet of our business, we continue to allocate resources and invest for growth in areas that enable us to differentiate ourselves by being steadfast in optimising our delivery models and elevating our operational efficiency for customers. As we move forward, we remain agile and responsive, leveraging our digital capabilities to adapt to evolving market dynamics and consistently deliver value to our stakeholders.”
The Healthcare Support Division has implemented rigorous resources optimisation initiatives through deployment of leading-edge technology and automated work order management to mitigate margin pressure arising from increased market competition and inflationary forces. It has also expanded its service offerings beyond traditional healthcare support services to cater to a diverse customer base in manufacturing and hospitality sectors, notably in Singapore and Taiwan markets.
The PFS division has also expanded by integrating Smart Building solutions into clients’ tech ecosystem through the utilisation of Asseto, Edgenta's leading cloud-based asset management system, and its partners’ technology capabilities in enabling data-driven decision-making. Its focus on data analytics and real-time monitoring has seamlessly aligned with the Company’s ESG principles while supporting its customers’ sustainability agenda. In the Middle East region, our UAE operation has also expanded its service offerings and secured entry into the Abu Dhabi market by winning its first contract with the Abu Dhabi Equestrian Club.
Underscoring the Company’s commitment to its sustainability targets, Opus Consultants has been repositioned to be the leading provider of energy and sustainability solutions to capitalise on the emerging green business opportunities stemming from the National Energy Transition Roadmap and the broader infrastructure and healthcare sectors. On the heels of the Net Zero Launch in September 2023, the RM200 million Zero Capex Fund Programme is ready to be deployed in Sarawak and Peninsular Malaysia by the in-house energy efficiency execution experts, complemented by its partners’ capabilities to provide end-to-end energy and sustainability solutions. At the same Net Zero Launch event, the Company had also set forth a goal to reduce its operational GHG emissions by 26% by 2030 in the medium term and to achieve net-zero emissions by 2050.
In response to the evolving landscape of our industry, we recognise substantial long-term value and opportunities in the area of IT digitalisation as well as the exploration of new markets. As part of our strategic vision, we have committed significant investments in these areas during the current fiscal period. These proactive measures are integral to fortifying our position for sustained growth and resilience in the face of changing market dynamics, ensuring our organisation remains at the forefront of innovation and well-positioned for continued success.
As for the performance outlook for FY2023, Managing Director/Chief Executive Officer Syahrunizam Samsudin said: “Markets remain challenging with the high-cost environment driven by escalating cost of materials and manpower. While we remain cautious for the remainder of the year, we are continuously driving operating efficiencies and optimising our cost structures to be a “fit-for-purpose” organisation to win and retain customers in the domestic and international markets. As we look ahead, to fortify the Company’s market positioning, we are actively pursuing both organic and inorganic investments to accelerate growth and to capture the emerging opportunities timely, ensuring long-term sustainability and value creation for our stakeholders.” he added.
HARI KOMUNITI MYPLUS BERI MANFAAT KEPADA LEBIH 10,000 PENDUDUK DI KOMUNITI TERPILIH SEPANJANG JAJARAN LEBUH RAYA PLUS
Simpang Renggam, 17 November 2023: Lebih daripada 10,000 orang penduduk serta komuniti setempat yang tinggal berhampiran dengan jajaran lebuh raya kendalian PLUS Malaysia Berhad (PLUS) dijangka menerima manfaat yang berterusan dan positif hasil daripada 25 program kemasyarakatan, Hari Komuniti MyPLUS yang dianjurkan secara serentak hari ini. Projek-projek kemasyakatan yang memberi fokus terhadap aspek keselamatan dan kelestarian tersebut dijayakan oleh kira-kira 1,000 warga PLUS dengan penglibatan pelajar institusi pengajian tinggi dan masyarakat setempat.
Pengarah Urusan PLUS, Datuk Nik Airina Nik Jaffar berkata, “Hari Komuniti MyPLUS merupakan acara tradisi syarikat ini di mana setiap tahun, PLUS mendedikasikan 1 hari yang istimewa untuk warga kerjanya turun padang ke komuniti-komuniti sepanjang jajaran lebuh raya untuk menjalankan pelbagai projek kemasyarakatan secara serentak. Hari Komuniti MyPLUS membolehkan PLUS serta warga kerjanya menyumbang semula kepada masyarakat dan secara tidak langsung meningkatkan kualiti hidup mereka, selari dengan misi syarikat ini iaitu menghubungkan komuniti untuk mencorakkan masa hadapan.”
Menurutnya, tahun ini menyaksikan 25 projek kemasyarakatan bertemakan “‘Memperkasa Komuniti Selamat dan Lestari” dijalankan secara serentak di komuniti-komuniti terpilih di sepanjang jajaran lebuh raya PLUS, termasuklah di LPT2.
“Kepakaran yang dimiliki oleh PLUS dalam mengurus dan menyelenggara infrastruktur lebuh raya digunakan untuk melaksanakan projek penambahbaikan di kawasan yang berdekatan untuk membantu meningkatkan dan melestarikan kualiti hidup masyarakat setempat,” tambah beliau.
Datuk Nik Airina berkata demikian ketika menyertai program Hari Komuniti MyPLUS di Kampung Seri Machap, Simpang Renggam, Johor di mana PLUS dan warga kerjanya membaiki dan menaiktaraf laluan pintas di bawah lebuh raya Vehicular Box Culvert (VBC) sepanjang 150 meter di kampung terbabit. Laluan tersebut menghubungkan 7 buah kampung dan sekolah berhampiran serta memberi manfaat kepada kira-kira 2,000 penduduk sekitar. Selain itu, PLUS turut memasang lampu solar LED dan papan tanda tunjuk arah di Jalan Sekolah, Kampung Seri Machap. Pada masa yang sama, PLUS juga menambahbaik infrastruktur di Sekolah Kebangsaan Seri Machap.
Turut hadir pada program tersebut adalah YB Datuk Seri Utama Hasni Mohammad, Ahli Parlimen Simpang Renggam yang mewakili Menteri Besar Johor, YAB Datuk Onn Hafiz Dato’ Ghazi. Turut turun padang adalah Ketua Pegawai Operasi PLUS, Datuk Zakaria Ahmad Zabidi.
Projek-projek Hari Komuniti MyPLUS dijalankan serentak di 25 lokasi terpilih di seluruh negara. Selain projek di Simpang Renggam, ia turut melibatkan inisiatif membaiki infrastruktur dan menaik taraf kemudahan awam seperti masjid, sekolah, gelanggang sukan, pusat penjagaan dan rumah orang tua serta orang kurang upaya di lokasi-lokasi lain. Untuk keselamatan jalan raya, ia turut melibatkan aktiviti pemasangan papan tanda tunjuk arah, pembaikan jalan bawah lebuh raya iaitu Vehicular Box Culvert (VBC) dan pemasangan lampu solar LED. Program tahun ini turut melibatkan inisiatif kelestarian seperti pemasangan tangki air tadahan hujan, bengkel kompos baja menggunakan sisa makanan, menanam pokok, membersih kawasan laluan pendakian, membersihkan sungai, taman rekreasi, hutan simpan dan sebagainya.
Selain daripada Hari Komuniti MyPLUS, PLUS secara berterusan melaksanakan pelbagai program Tanggungjawab Sosial Korporat (CSR) yang memberi fokus terhadap jalan raya. Ia termasuklah program keselamatan jalan raya untuk komuniti serta pelajar sekolah dan seminar keselamatan untuk pemandu dan operator kenderaan berat (HEVTEC) dan inisiatifinisiatif lain yang melibatkan komuniti sepanjang jajaran lebuh raya kendaliannya.
Berbeza pada edisi sebelum ini, Hari Komuniti MyPLUS kali ini melibatkan penyertaan kirakira 500 pelajar institusi pengajian tinggi dari Kolej Yayasan UEM, Politeknik Ungku Omar, Universiti Teknologi Mara (UiTM), Universiti Kuala Lumpur (UniKL), Kolej SEGI, Universiti Tun Hussein Onn Malaysia (UTHM), Kolej Yayasan Pelajaran Johor, Universiti Islam Antarabangsa Sultan Abdul Halim Mu’adzam Shah (UniSHAMS), Universiti Sains Malaysia, Universiti Sultan Azlan Shah, Universiti Pendidikan Sultan Idris (UPSI) dan lain-lain.
UEM SUNRISE DISPOSES 46.9 HECTARES OF FREEHOLD PARCELS IN JOHOR BAHRU FOR A TOTAL CONSIDERATION OF RM146.1 MILLION
KUALA LUMPUR, 17 November 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) via three of its indirect wholly-owned subsidiaries, Nusajaya Rise Sdn Bhd (“NRSB”), Symphony Hills Sdn Bhd (“SHSB”) and Nusajaya Heights Sdn Bhd (“NHSB”) had today entered into eight Sale and Purchase Agreements (“SPAs”) with PGB Landmark Sdn Bhd (“PGB Landmark”), a wholly-owned subsidiary of Paragon Globe Berhad (“PGB"), for the disposal of freehold lands measuring in aggregate approximately 46.9 hectares (115.91 acres) for a total consideration of RM146.1 million.
NRSB and SHSB collectively entered into five SPAs with PGB Landmark for the disposal of 19.52 hectares (48.26 acres) of freehold lands in Mukim Tanjung Kupang, Daerah Johor Bahru, Johor (“Mukim Tanjung Kupang”).
Further, NRSB entered into two SPAs with PGB Landmark for the disposal of 26.42 hectares (65.28 acres) of freehold lands in Mukim Tanjung Kupang.
NHSB has also entered into a SPA with PGB Landmark for the disposal of 0.96 hectares (2.37 acres) of freehold land in Mukim Pulai, Daerah Johor Bahru, Johor (all eight land parcels collectively referred to as the “Lands”).
The Company highlights that the disposals of the Lands are in line with its three-phase strategic turnaround plan: Triage, Stabilise and Sustain, particularly under the first phase, Triage, to transform UEM Sunrise into a balanced real estate player with the immediate goal of strengthening financial performance via, among others, monetisation of non-strategic lands.
Commenting on the transaction, UEM Sunrise Chief Executive Officer Sufian Abdullah said: “Our immediate focus in Johor is to activate more residential development projects. This disposal will allow us to monetise some of our land banks in Johor while still leveraging on the economic activities that will be created from the proposed industrial development by PGB Landmark to boost the demand for our planned residential developments within the vicinity of the Lands.”
Paragon Globe Berhad Executive Chairman Dato’ Sri Edwin Tan Pei Seng said: “The Land acquisitions will grant PGB with opportunities to create greater economic value to Johor Bahru as well as increase our earnings potential over the medium to long term.”
RAM SUSTAINABILITY: UEM GROUP’S SUSTAINABILITY SUKUK FRAMEWORK ENABLES GREEN FINANCING FOR NATIONAL DECARBONISATION PROJECTS AND INVESTMENTS
RAM Sustainability has completed the external review (also known as a second opinion) of UEM Group Berhad’s (UEM) Sustainability Sukuk Framework (the Framework) and concluded that it meets recognised green finance standards.
UEM is a wholly owned subsidiary of Khazanah Nasional Berhad (Khazanah) with interests in expressways, township and property development, engineering and construction, asset and facility management, and green industries. Khazanah, Malaysia’s sovereign wealth fund, the champion of a large-scale integrated Renewable Energy Zone under the National Energy Transition Roadmap (NETR), has identified UEM as its green investment vehicle.
RAM Sustainability opines that the green initiatives to be financed under the Framework for renewable energy, energy efficiency, clean transportation, and pollution prevention and control has the potential to contribute towards national decarbonisation targets as defined in the NETR and the 12th Malaysia Plan.
We have assigned the highest Tier-1 Environmental Benefit (EB) rating to the respective renewable energy eligible projects for solar, hydropower and biogas, reflecting their potential contribution towards significant climate and wider environmental benefits. EB ratings for other eligible projects under the Framework range from Tier-2 to Tier-3 (see Table 1).
RAM Sustainability also concludes that the Framework is aligned with the disclosure requirements of the SRI Sukuk Framework, ASEAN Green Bond Standards, and Green Bond Standards. The Framework is aligned with all core areas, and 10 out of 20 recommendations in the pre-issuance checklist of the Green Bond Principles.
At this juncture, RAM Sustainability’s review is limited to the green bond and sukuk perspectives as the current Framework has yet to exhibit social projects or sustainability-linked components. UEM plans to update the Framework in the future with more eligible projects and sustainability-linked components.
UEM SUNRISE BERHAD ANNOUNCES STRONGER EARNINGS OUTLOOK IN ITS THIRD QUARTER 2023 FINANCIAL RESULTS
KUALA LUMPUR, 15 November 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) today announced its financial results for the nine months ended 30 September 2023 (“YTD 3Q 2023”), with reported revenue of RM917 million driven mainly by its Central developments namely Residensi AVA in Kiara Bay, Residensi Allevia in Mont’Kiara, Serene Heights in Semenyih, and supported by its Southern developments such as Aspira ParkHomes, Senadi Hills and Aspira Gardens in Iskandar Puteri.
The Company’s gross profit margin has improved to 33% in YTD 3Q 2023 compared to 27% in the corresponding period of 2022 arising from project cost savings. In tandem with a higher gross profit margin, the operating profit has improved by 3% (compared to YTD 3Q 2022) and the Company recorded a profit after tax and non-controlling interests of RM48 million for YTD 3Q 2023.
Notably, the Company’s inventories have reduced from RM203 million at the end of the last financial year to RM136 million, as of 30 September 2023. Its gross and net gearing of 0.62x and 0.46x, respectively, remained moderate, with cash balances of RM1.1 billion as of 30 September 2023. Its unbilled sales of RM2.7 billion will be substantially recognised in the next 18 to 48 months.
As of 30 September 2023, the Company has recorded property sales of approximately RM1.8 billion, with 41% from Central, mainly from The MINH and Residensi Allevia, both located in Mont’Kiara and The Connaught One in Cheras, while sales from the Southern region, contributed around 10%, mostly from Senadi Hills, Estuari Gardens and Almas Suites, all in Iskandar Puteri. International projects contributed 49% of secured sales during the review period with the sale of the Collingwood development in Melbourne, Australia, to Greystar Real Estate Partners amounting to AUD277.3 million (or RM873.7 million).
Robust turnaround plan
The Company continues to focus on its three-phase strategic turnaround plan: Triage, Stabilise and Sustain, and has moved into the second stage of Triage this year. Triage is the first phase of UEM Sunrise’s three-phase strategic turnaround plan and takes place from 2022 to 2023, followed by Stabilise (2024 to 2025) and Sustain(2026 and beyond).
Observing the current market conditions, sentiment and its latest quarterly results, UEM Sunrise Chief Executive Officer Sufian Abdullah said: “The Company’s latest financial results are a reflection of our hard work and dedication in realising our turnaround plan.”
“Our plan involves offloading inventories, non-strategic lands, and non-core assets; whilst improving retail income and occupancy,” shared Sufian. “Notwithstanding the progress we have made, there’s a lot more to be done and we are confident that we will achieve our goal of moving into the next phase of our transformation journey”, he added.
Increasing demand for RISE Series
In the coming quarters, UEM Sunrise plans to reactivate more of its remaining land in Johor. “Our intention is to activate more Southern land banks for development, especially with the renewed interest in Johor. We have plans to launch more residential projects in Gerbang Nusajaya and new phases within the Estuari, Puteri Harbour, to name a few. A new 100-acre mixed development called Puteri Harbour Avenue will also see its first launch in 2024.”
During the review period, the Company has witnessed mostly encouraging results and has been capitalising on new opportunities in the Central region and internationally.
Sufian said: “The MINH and The Connaught One have contributed significantly to our FY2023 launches. Both developments are also the first of their kind in our Happy+ product series; The MINH is under the CLUB Edition while The Connaught One is under the RISE Series.”
“In 3Q 2023, we launched Residensi ZIG, which is our third Happy+ product this year with a biophilic design concept as well as being the second phase of our flagship township in Kepong called Kiara Bay, under a JV with Melati Ehsan Group. The three-tower development features 1,126 residential units with sizes ranging between 42 m2 to 140 m2 (450 ft2 to 1,508 ft2). With an estimated GDV of RM646 million, this is our second RISE series product this year after The Connaught One.”
Expansion plans in Perth, Australia
On the international front, the Company’s developments in Australia have contributed a significant portion towards secured sales during this review period, with the sale of its Collingwood development in Melbourne, Australia, to Greystar Real Estate Partners amounting to AUD277.3 million (or RM873.7 million).
The Company also acquired its first residential development site in Subiaco East in Perth, Western Australia, for AUD22.2 million (or RM66.4 million) and will deliver two landmark apartment buildings as part of the state’s most significant urban redevelopment project at the iconic former Subiaco Oval.
The upcoming mixed-use residential precinct will comprise the delivery of sleek dual towers with approximately 430 apartments, subject to development approval, with further details to be firmed up. The project will include up to 12% affordable housing as well. Construction is expected to commence in 2026.
Moving forward, with the upcoming developments and land activations in FY2024, UEM Sunrise is certain to remain financially sound and will be on a firmer footing in anticipating moderate market outlook.
JLAND GROUP AND CENERGI SEA FORM JV PARTNERSHIP FOR RM140 MILLION DEPLOYMENT OF ROOFTOP SOLAR AND ENERGY EFFICIENCY SOLUTIONS
Johor Bahru, 13 November 2023 – JLand Group (JLG), Johor Corporation’s real estate and infrastructure arm, and Cenergi SEA Berhad (Cenergi), a subsidiary of UEM Group Berhad have entered a joint venture partnership to undertake a RM 140 million investment for deployment of rooftop solar and energy efficiency solutions to commercial and industrial (C&I) consumers across JLG’s industrial parks in Johor, spanning a total of 11,069 acres.
In this strategic partnership, JLG and Cenergi will jointly undertake investments, installations, operations, and maintenance of rooftop solar and energy efficiency solutions with first phase investments expected to contribute approximately 13,000 MWh green electricity generation and 8,000 tons carbon emission reduction per year by the C&I consumers.
“Given sharpened industry expectations, we recognise that alliances are crucial for delivering new value and long-term returns through JLG’s real estate and infrastructure ecosystem. Our partnership with Cenergi further advances our mobilisation of resources and solutions within the Energy-as-a-Service (EaaS) portfolio for our industrial parks,” said Datuk Sr Akmal Ahmad, Director, Real Estate & Infrastructure, Johor Corporation and Deputy Chairman, JLG.
“In providing greater accessibility to on-site sustainable energy solutions via zero Capex model, JLG seeks to support its tenants towards the industrial sector’s aspirations for sustainable growth, while meeting the needful requirements as responsible businesses. We remain committed to ensuring best-in-industry practices for our tenants to optimise their operational competencies at our industrial parks – namely Senai Industrial Park, Tebrau Industrial Park, Pasir Gudang Industrial Park and Tanjung Langsat Industrial Park,” added Datuk Sr Akmal.
Cenergi Group CEO, Hairol Azizi Tajudin said “The rooftop solar solutions will help factory owners and businesses at the industrial parks to save up to 30% of electricity cost, while energy efficiency solutions would potentially give another 10% to 20% savings. Businesses will be able to significantly reduce their carbon footprint and achieve optimum level of Building Energy Index (BEI), complying with new requirements of the Energy Efficiency and Conservation Act (EECA) 2023. This is a step in the right direction as Malaysia is transitioning to net zero emissions as early as 2050.”
The rooftop solar systems will be developed under Net Energy Metering (NEM) and Self-Consumption (SELCO) schemes, which are among the initiatives by the Government to achieve the target of 31% Renewable Energy (RE) in the national energy mix by 2025. Industrial clusters, especially those involved in heavy industries are known to account for a significant portion of global carbon dioxide emissions, thereby resulting in growing efforts for industrial players to implement emission reductions.
Accessibility and affordability are set to increase exponentially, as predicted by McKinsey’s 2030 solar capacity projections which value 30 times higher than 2006 projections. McKinsey further estimates that by 2026, global RE capacity will increase more than 80% from 2020 levels, of which two-thirds will be contributed by solar and wind energy with an increase of 150% (3,404 GW).
YUEM & YSB’S STEM & ENGLISH PROGRAMME SUCCESSFULLY IGNITES INTERESTS AMONGST KEDAH’S 300 RURAL STUDENTS
PENDANG, KEDAH, 8th November 2023 – A partnership between Yayasan UEM (YUEM) and Yayasan Sultanah Bahiyah (YSB) in organising a six-month STEM (Science, Technology, Engineering and Mathematics) and English programme has successfully ignited interest in these two subjects amongst rural students in Kedah.
With the cooperation of Jabatan Pendidikan Negeri (JPN) Kedah, the programme commenced in June 2023 and saw the participation of 300 students, of which more than 80% are from underprivileged backgrounds. They are Form 1 to 3 students from 10 secondary schools located in Kota Setar, Pendang, Kuala Muda Yan, Baling and Sik districts within Kedah.
Instead of the traditional classroom and textbook approach, which the students are exposed to on a daily basis, the programme stimulated their interest in STEM and English through fun and engaging activities such as presentations, role playing, games, creating websites, building robots, coding and programming using the 100 Arduino sets donated by YUEM. The participating students were also introduced to likeminded students nationwide via the website, www.STEM.org, as well as encouraged and guided to participate in national STEM competition.
The programme recorded 100% attendance and 95% of teachers reported that the STEM programme improved students’ understanding of STEM subjects, enhanced their interest in STEM and motivated them to complete projects and assignments. Furthermore, 90% of teachers noted that the programme enabled students to explain the various components of STEM.
A showcase marking the end of the STEM and English programme was held today in Pendang and it was graced by the Chairperson of YSB, Yang Teramat Mulia Dato’ Seri DiRaja Tan Sri Tunku Puteri Intan Safinaz binti Almarhum Sultan Abdul Halim Mu’adzam Shah, Tunku Temenggong Kedah; Tuan Mohd Zhafri Bin Dato' Hj Mohd Zohdi, Assistant District Officer; Chairman of YUEM, Dato’ Noorazman Abd Aziz; Dato’ Mohd Izani Ghani, Managing Director UEM Group Berhad and Member of YUEM Board of Trustees; and Tuan Sabri bin Osman, Deputy Director of JPN Kedah.
The showcase saw the presence of all 300 students some of whom participated in the final STEM and English competition as well presentations.
In her speech, YTM Tunku Temenggong Kedah, Chairperson of YSB mentioned that YSB hopes to inspire the students involved and prepare them for a career in Industry 4.0 and beyond.
“Education is a core focus area of YUEM and providing access to good education, especially for rural, underprivileged students is an initiative that YUEM strongly believes in. We recognised the need for a different approach, one that is more engaging and hands-on, and we are pleased with the outcome of this year’s STEM and English programme. Not only has it promoted the understanding and adoption of STEM amongst Kedah’s 300 rural students, but they are also more confident in speaking English.” said Dato’ Mohd Izani Ghani.
UEM SUNRISE CELEBRATES RESIDENSI AVA’S TOPPING OUT, MARKING ITS PRESENCE IN THE KEPONG SKYLINE
KUALA LUMPUR, 3 November 2023 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”), through its joint venture partnership with Melati Ehsan Group, called Mega Legacy (M) Sdn Bhd (“MLSB”), has announced that the first phase of its flagship township, Kiara Bay, Residensi AVA in the mature and long-established neighbourhood of Kepong has reached to the top earlier today, signified by completing its roof slab on the topmost floor.
“Residensi AVA is our first step in building the master township of Kiara Bay in Kepong, with visions to transform it into a ‘15-minute City’ by 2045. Its topping out ceremony held today is also a significant milestone to develop Kiara Bay into a sustainable township and a lively urban living destination that is inclusive in our multi-generational communities as well as further marking our presence in the Klang Valley”, said UEM Sunrise Chief Executive Officer Sufian Abdullah, who is also one of MLSB’s directors.
In addition to Sufian, key attendants that led the Residensi AVA’s topping out ceremony included MLSB Chairlady Zaida Khalida Binti Shaari; MLSB Director Tan Sri Dato’ Yap Suan Chee; SA Architects Sdn Bhd Director Ar. Richard Sau; UEM Sunrise Chief Operations Officer (Central) Liong Kok Kit; and ORANGEBEAM Construction Director, Dato Indera Tun Putera Matin Ahmad Shah.
Since the unveiling of Residensi AVA in 2019, MLSB has faced and overcome numerous challenges, including the Covid-19 pandemic. Nevertheless, the topping-out ceremony is a positive testament to the 1.78-hectare (4.41-are) development’s continuous resilience and commitment to its handover in Q3 of 2024, further instilling confidence among its future residents and the communities surrounding it.
Residensi AVA sets the tone for elevated urban eco-living with an emphasis on liveability, where its design draws inspiration from the concept of symmetry and balance, similar to the wings of a butterfly. The development consists of two towers, both 41 storeys high, totalling 870 units. Its units consist of various built-up sizes from 75 m2 (813 ft2) to 119 m2 (1,285 ft2), all to cater to different generational needs and lifestyles. Its amenities offer a much-needed balance between living and leisure, such as a 50m Olympic-length lap pool, a wading pool, badminton courts, a half basketball court, a yoga deck, a sky deck, and more, encouraging its residents to embrace an active lifestyle after the daily grind. Prices start from RM567,800 onwards.
With an estimated gross development value (GDV) of RM664 million, Residensi AVA’s construction progress is 75%.
Residents of Residensi AVA can enjoy close proximity to the well-known Kepong Metropolitan Park for their leisurely activities as well as various retail offerings at Kiara Bay’s retail space, called The Beat, which is directly connected to the park. The multi-generational development also boasts easy access to the Middle Ring Road 2 (MRR2) and Jalan Kepong, both easily connect commuters to other highways such as the Duta-Ulu Kelang Expressway (DUKE), Selayang-Kepong Highway and the Damansara-Puchong Expressway (LDP). Since Residensi AVA is only a 2km drive to the nearest MRT station - Jinjang MRT station, residents can also travel to various parts of the Klang Valley along the MRT Putrajaya Line.
Due to Residensi AVA’s encouraging take-up of 99%, the Company has since unveiled Kiara Bay’s second phase, Residensi ZIG, in September 2023, further solidifying the master township’s position as the next preferred property hotspot in the Klang Valley.
Spanning 29.4 hectares (72.74 acres), Kiara Bay consists of three districts with a 1km green connector that links them all, such as The Waters, consisting of a mix of residences with a lakefront retail space; The Walk, a community-centric marketplace with residences; and The Village, an inclusive multi-generational wellness and living, surrounded by green spaces. Both Residensi AVA and Residensi ZIG are located in The Walk district.
For more information about Residensi AVA and Kiara Bay, visit www.uemsunrise.com or visit the Company’s sales gallery in Kiara Bay, Kepong.
(From left to right) SA Architects Sdn Bhd Director Ar. Richard Sau; UEM Sunrise COO (Central) and MLSB EXCO member Liong Kok Kit; MLSB Director Tan Sri Dato’ Yap Suan Chee; MLSB Chairlady Zaida Khalida Binti Shaari; UEM Sunrise CEO and MLSB Director Sufian Abdullah; MLSB EXCO member Datuk Ir. Leong; and ORANGEBEAM Construction Director Dato Indera Tun Putera Matin Ahmad Shah posed for a group photo during Residensi AVA’s topping-out ceremony.
(From left to right) SA Architects Sdn Bhd Director Ar. Richard Sau; UEM Sunrise CMO and MLSB EXCO member Kenny Wong; UEM Sunrise COO (Central) and MLSB EXCO member Liong Kok Kit; MLSB EXCO member Datuk Ir. Leong; MLSB Director Tan Sri Dato’ Yap Suan Chee; MLSB Chairlady Zaida Khalida Binti Shaari; UEM Sunrise CEO and MLSB Director Sufian Abdullah; UEM Sunrise CFO and MLSB Director Hafizuddin Sulaiman; and ORANGEBEAM Construction Director, Dato Indera Tun Putera Matin Ahmad Shah posed for a group photo before heading up to Residensi AVA’s highest floor.
An artist’s impression of Residensi AVA. The multigenerational development sets the tone for elevated urban eco-living with an emphasis on liveability, where its design draws inspiration from the concept of symmetry and balance, similar to the wings of a butterfly.
(UEM SUNRISE) RAISING THE BAR WITH GREEN INITIATIVES
Nature enthusiasts will appreciate the park’s well-preserved flora and fauna
Renowned developer UEM Sunrise Berhad (UEM Sunrise) is taking it to the next level by further integrating its key initiatives in sustainability. The developer plans to make a mark in the industry through its embedded sustainable core values and its key sustainable pillars; Liveability, Affordability, Sustainability and Resilience, throughout all its developments, environment and community.
UEM Sunrise Chief Executive Officer Sufian Abdullah opines: “Our unyielding dedication to environmental, preservation, societal enhancement, and sustainability lies at the core of our mission.
Our vision transcends the construction of buildings; it revolves around creating thriving communities integrated with their natural surroundings. We believe that sustainable living is the only path forward.”
SIREH Park: A strong, green collaboration
UEM Sunrise’s commitment to the development of SIREH Park goes beyond mere monetary investment, it reflects its steadfast dedication and proactive climate risk management.
Hence, the developer has partnered with SIREH Park to enhance the park’s initiatives, promoting SIREH Park as a model of ecological sustainability.
According to UEM Sunrise, in a bid to strengthen the partnership: “Both parties will leverage on various strategic tools such as marketing campaigns, digital strategies and so on.”
Spanning 138 hectares (343 acres) of land, SIREH Park offers a diverse range of attractions and amenities that cater to all ages and interests, with well-maintained walking paths and multi-elevation jogging trails, providing an ideal space for outdoor exercise and leisurely strolls, lush green spaces for picnics and outdoor games.
Nature enthusiasts will appreciate the park’s well-preserved flora and fauna, comprising flowers and lush trees along with a wide array of bird species, making the park a paradise for birdwatching enthusiasts.
The park is envisioned as a thriving ecosystem that underscores the developer’s unwavering commitment to its sustainable growth.
UEM Sunrise has established a valuable partnership with the SIREH Park Trust called The Nusajaya Natural Heritage Trust (TNNHT), which was formed in July 2015.
The developer maintains: “Our collaboration with SIREH Park not only supports its immediate development, but also aligns with our long-term vision of fostering sustainability and resilience in the face of climate change.”
UEMS has committed a total of RM35 million to support the development and initial operations of SIREH Park , encompassing areas such as operational expenditures (OPEX) and capital expenditures (CAPEX) in efforts to bolster the park’s infrastructure and are actively considering the impact of climate change risks and opportunities.
“Furthermore, we are diligently working to align all future capital expenditures with UEM Sunrise’s long-term greenhouse gas (GHG) reduction target(s) or with the Paris Agreement’s objective of limiting global warming to 1.5° Celsius,” says UEM Sunrise’s Sufian.
Tree planting, bearing fruit
Meanwhile, the park has set a remarkable target of planting 25,000 tree saplings, a monumental effort in carbon sequestration. This initiative alone will sequester around 300,000 kg of carbon dioxide annually, significantly mitigating climate change.
In 2022, the collaborative efforts bore fruit, with the planting of 1,738 trees within SIREH Park and to date, 7,767 forest trees have been planted throughout the park. Remarkably, most of these trees were native species listed under the International Union for Conservation of Nature’s (IUCN) Red List.
Species such as “Mertajam” (Lepisanthes rubiginosum), “Timah-Timah” (Ilex cymosa), “Penang sloe” (Kopsia arborea), “Bertih Paya” (Parartocarpus sp.), “Kembang Semangkuk” (Scaphium linearicarpum) and “Merawan Kanching” have found a home in SIREH Park, furthering UEM Sunrise’s biodiversity and conservation efforts.
In November 2022, UEM Sunrise organised a ‘Grow a Tree’ programme in collaboration with SIREH Park, bringing together 120 members of the developer’s loyalty customers, the Trésorians, and residents from UEM Sunrise’s development projects in the Southern region, including East Ledang, Teega, Bayu Angkasa, Nusa Idaman, and The Maris Desaru. This heartwarming initiative exemplifies UEM Sunrise’s commitment to community involvement and environmental stewardship.
SIREH Park’s dedication to environmental education extends beyond its tree planting activities. The park actively collaborates with the community through various educational initiatives, such as eco-learning, volunteering, school outreach programmes, hands-on workshops and many more.
As a result of these activities, SIREH Park has served as a catalyst by forging partnerships with government agencies, non-governmental organisations (NGOs), and corporations, including in close partnerships with the Johor Bahru District Education Department (PPD) and the Johor State Fisheries Office on a freshwater fish breeding pilot project.
On top of collaborations with external parties,SIREH Park has also made its own organic composting from green waste collected during the park’s routine maintenance as part of the park’s 3Rs (reuse, reduce and recycle) activities.
SIREH Park has participated in iNaturalist as a project space by collaborating with Think City for the City Nature Challenge. iNaturalist is a non-profit social network of naturalists, citizen scientists, and biologists built on the concept of mapping and sharing observations of biodiversity across the world.
In addition to SIREH Park’s collaboration with UEM Sunrise, the park also encourages individuals with a green heart to actively contribute to its growth. For as low as RM200 per tree, members of the public can participate in SIREH Park’s tree-planting programmes, where donors can monitor the growth and well-being of their trees through a dedicated
Commenting on the upcoming projects, Sufian says, “We are committed to not only being a driving force but a necessity in catalysing transformative change where eco-friendly practices are no longer just preferences but an indispensable imperative.”
In addition to SOLS Energy, UEM Sunrise is the first property developer to sign two Memoranda of Understanding or MoUs with PETRONAS’s wholly owned subsidiaries, PETRONAS Global Technical Solutions Sdn Bhd (PGTSSB) and Gentari Sdn Bhd (GENTARI), respectively. Officially penned in September 2022, the two MoUs will explore different opportunities for collaboration in adopting renewable, green energy and mobility, as well as forming intelligent, sustainable cities for the future.
Sufian says, “In the immediate term, our collaboration with GENTARI will explore introducing low-carbon solutions, specifically installing EV charging points at key developments and an electric forecourt at UEM Sunrise facilities, as well as solar farms at UEM Sunrise lands.”
Apart from that, the company is pushing forward its initiatives via its investments, partnerships involving SIREH Park in Iskandar Puteri and its developments such as KAIA Heights in Seri Kembangan, Selangor.
An artist’s attractions impression of KAIA Heights in Equine Park, Seri Kembangan
Additionally, UEM Sunrise projects and operations, including our head offices, have established the Environmental Aspect Impact Registers (EAIR) to systematically address any potential climate change risks, among other environmental considerations.”
Looking ahead, UEM Sunrise plans to work alongside partners from various industries to mitigate the effects of climate change and work towards carbon neutrality by 2050. “Among these key partnerships include partnering with SOLS Energy, where we seek to promote sustainable living by harnessing the sun’s natural power to energise our township homes.
As a result of this partnership, our loyal customers, called Trésorians community, enjoy exclusive offers on solar panel subscriptions, leading to instant savings on electricity bills,” reveals Sufian.
The development will feature lush surroundings and amenities
He adds, “At UEM Sunrise, we proactively engage with climate change risks and opportunities as an essential component of our Board’s agenda. We diligently assess and mitigate potential issues, demonstrating our commitment to navigating this vital landscape with a forward-thinking approach.”