Sunway Property managing director, property development division for Malaysia and Singapore, Sarena Cheah
KUALA LUMPUR: Sunway Property is targeting RM1.1bil in sales this year, underpinned by launches worth RM2bil in gross development value.
Sunway Property managing director, property development division for Malaysia and Singapore, Sarena Cheah, said the bulk of the launches will be within Malaysia.
"We are confident that these launches will do well as most of it are integrated properties," she said at a press conference today.
Cheah said the planned launches modeled the success of its products last year, the best performers of which comprised integrated developments.
Sunway Property also announced the acquisition of 8.45 acres of land along Jalan Peel, Cheras, which will be developed into Sunway Velocity TWO, directly opposite the Sunway Velocity Mall.
More than 70% of Sunway Velocity TWO will comprise residential units, complementing Sunway Velocity which consists of 75% commercial units.
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