“With a strong pipeline of projects that are rightly designed for the current market conditions and targeting the right buyer segment, we are confident of achieving our sales target of RM2.3bil for 2023," said Cheah.
PETALING JAYA: Sunway Property is targeting sales of RM2.3bil for 2023, on the back of a better economic outlook and improving buyer sentiment.
Managing director Sarena Cheah said: “As the economic outlook remains resilient, we are hopeful about the property prospects this year.
“With a strong pipeline of projects that are rightly designed for the current market conditions and targeting the right buyer segment, we are confident of achieving our sales target of RM2.3bil for 2023.”
In the Klang Valley, Cheah said Sunway Property will launch its inaugural “Signature Product” in Bukit Jalil, Sunway Flora Residences, the first GreenRE Platinum (provisional) residential development within the vicinity.
“Johor can expect two landed developments, Sunway Aviana and Sunway Maple, in the company’s largest integrated township of Sunway City Iskandar Puteri, as well as semi-detached homes and bungalows in Sunway Lenang Heights.
“As for Ipoh, we will be launching Sunway Bayu, a flexi-terrace development in Sunway City Ipoh,” she said in a statement.
In Penang, Cheah said the developer will launch its residential development in Sunway Dora, a mixed development in the established township of Bayan Baru towards the end of this month.
For its international market, the developer has unveiled Terra Hill, a freehold hillside luxury development built on the site of the old Flynn Park apartment.
The company will also be launching The Continuum in Singapore and Sunway Gardens Phase 3 in Tianjin, China.
“Sunway Property will continue to expand its footprint in Singapore and China, while exploring opportunities to acquire strategic land bank in South-East Asian emerging markets such as Vietnam and Indonesia.”
This year, Cheah said Sunway Property will continue to invest in its integrated townships and will be looking at completing RM1.1bil worth of investment properties.
These include the expansion of Sunway Medical Centre Velocity (Phase 2), Sunway Medical Centre (Phase 4) and Sunway International School (Phase 2) in Sunway City Kuala Lumpur.
Cheah said the company will also be expanding its extreme park in tandem with the influx of tourist activities in Johor with the X Park 2 in Sunway City Iskandar Puteri, to include catamaran and horse-riding facilities.
Besides the completion of its two Sunway Medical Centres in Sunway City Kuala Lumpur and Sunway Velocity Kuala Lumpur in 2023, Cheah said the company will continue to expand its wellness hubs across Malaysia with Sunway Medical Centre Damansara and Sunway Medical Centre Ipoh, to be completed in 2024.
Meanwhile, Cheah said Sunway Property achieved RM2bil in sales with an unbilled revenue of RM4.3bil for its financial year ended Dec 31, 2022.
In the same period, the developer also delivered over RM1.3bil worth of projects and has a total remaining land bank of 3,292 acres, with a potential gross development value of RM58.9bil.
