Sunsuria targets RM900mil property sales
Date：2015/06/13
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Malaysian property developer Sunsuria Bhd plans to secure RM900 million worth of property sales in the current fiscal year ending on 30 September 2016.
The company also intends to roll out about RM1 billion worth of properties over the next 12 months, said its Executive Director Kong Wai Seng during its extraordinary general meeting on Friday.
He said the majority of the launches will be located in the group’s township project in Bandar Kota Warisan in Sepang close to Xiamen University’s Malaysia campus. Spanning about 331.27 acres, it has a gross development value (GDV) of RM6.4 billion.
“The GDV for first phase of the development is about RM900 million. It will feature 663 units of low-rise apartments, priced below RM400,000 per unit,” noted Sunsuria’s Executive Chairman Datuk Ter Leong Yap.
In the near term, the company’s products will mainly consist of low-rise and landed homes as these properties can be quickly constructed and sold off, providing Sunsuria with more cash to use for the remaining portion