KUALA LUMPUR: UEM Sunrise Bhd via its unit, Sunrise Alliance Sdn Bhd, has entered a sales and purchase agreement with Kemaris Residences Sdn Bhd to acquire 19.24 acres of land for RM109.5 mil in Taman Equine in Seri Kembangan, Selangor.

UEM Sunrise said a development order has been approved for the land comprising 924 residential units with a gross development value of over RM700mil.

"We believe this land presents an opportunity for UEM Sunrise to create a boutique development for the upper-mid market purchasers. The key selling points for the project would be the location and its accessibility.

"AEON Taman Equine, Alice Smith International School, and two hypermarkets are located within 3km radius. The MRT2 line would connect Taman Equine to key commercial areas,” said UEM Sunrise managing director and CEO Anwar Syahrin Abdul Ajib.