PETALING JAYA: UEM Sunrise Bhd recently acquired a 19.24-acre land for RM109.50mil in Taman Equine, Seri Kembangan, Selangor.

The agreement was done through the company’swholly-owned subsidiary, Sunrise Alliance Sdn Bhd (SASB), which inked a sale and purchase agreement (SPA) with Kemaris Residences Sdn Bhd (KRSB).

According to the statement, the Development Order has been approved for Equine Land comprising 924 residential units. Targeting at upper-mid market purchasers, the total initial estimated gross development value (GDV) for the project is more than RM700mil.

Taman Equine is located approximately 18km to the south of Kuala Lumpur city centre and is easily accessible via Maju Expressway (MEX), Lebuhraya Damansara Puchong (LDP), and South Klang Valley Expressway (SKVE).

“We believe this land presents an opportunity for UEM Sunrise to create a boutique development for the upper-midmarket purchasers,” said UEM Sunrise managing director and chief executive officer Anwar Syahrin Abdul Ajib.