Sunway Property announces RM2.3 billion sales target for 2023
Master Community Developer, Sunway Property announced that it had achieved RM 2.0 billion in sales with an unbilled revenue of RM 4.3 billion for its financial year ended December 31, 2022.
In the same period, the developer also delivered over RM 1.3 billion worth of projects and has a total remaining landbank of 3,292 acres with a potential Gross Development Value (GDV) of RM 58.9 billion.
Sunway Property 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 to achieve our sales target of RM 2.3 billion for 2023.”
The developer will launch its next range of Signature Products across the regions for the residential segment in Malaysia, all of which are crafted based on the developer’s Sunway Design & Development Architecture (SDDA) and its 4 pillars: Sustainability, Innovation, Health & Wellness and Lifestyle & New Experiences.
In Klang Valley, the developer 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, located in its largest integrated township of Sunway City Iskandar Puteri, as well as semi-detached homes and bungalows in Sunway Lenang Heights.
As for Ipoh, the developer will be launching Sunway Bayu, a flexi-terrace development in Sunway City Ipoh. In Penang, the developer will launch its residential development in Sunway Dora, a mixed development in the established township of Bayan Baru towards the end of February 2023.
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; and will 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 landbanks in Southeast Asian emerging markets such as Vietnam and Indonesia.
A Master Community Developer Promise: “We care, we stay with you for generations”
Sunway Property, the Master Community Developer, has completed over RM 1.4 billion worth of investment properties in 2022 across Sunway City Kuala Lumpur, Sunway City Iskandar Puteri, and Sunway Seberang Jaya through its renowned build-own-operate (BOO) business model. In 2023, the company plans to invest in integrated townships and complete RM 1.1 billion worth of investment properties. Sunway Property will expand its extreme park in Sunway City Iskandar Puteri with the X Park 2 to include catamaran and horse-riding facilities.
Sunway Property is committed to achieving net zero carbon emissions by 2050 and having all its assets green-building certified by 2025. The company will also continue to invest in Corporate Social Responsibility programs. Sunway Property Pals+ (SPP+) program will be enhanced, extending its Care+ cleaning service to other Klang Valley developments, and SPP+ community will enjoy the newly curated Reward+ experience with Sunway Sanctuary, a flagship senior living residence.
Sunway Property considers itself a ‘living community’ serving another ‘living community’ and plans to celebrate its 50th anniversary next year. The company aims to continue to strive for a better future alongside its communities as it serves them for generations to come.