Onn Hafiz (back, centre) looks on while Hafizuddin (front, left) and Cheng (front, right) exchange the signed MoU accompanied by the Johor state entourage and senior management members of UEM Sunrise and GuocoLand.

PETALING JAYA: Property developer UEM Sunrise Bhd (UEM Sunrise) and Singapore-based real estate group GuocoLand Ltd (GuocoLand) signed a Memorandum of Understanding (MoU) to jointly develop UEM Sunrise’s selected freehold landbank in Iskandar Puteri, one of the flagship zones of the Johor-Singapore Special Economic Zone (JS-SEZ).

The MoU was signed between UEM Sunrise officer in charge and chief financial officer Hafizuddin Sulaiman and GuocoLand group chief executive officer Cheng Hsing Yao, witnessed by Johor Chief Minister Datuk Onn Hafiz Ghazi. 

“Both UEM Sunrise and GuocoLand bring extensive experience in large-scale integrated developments, making this collaboration a synergy of industry leaders. By leveraging our combined expertise and client networks, we aim to deliver a transformative vision for Iskandar Puteri. This partnership is not just about development, but also about shaping a thriving end-to-end, future-ready economic hub that fuels long-term growth, creates jobs and strengthens the JS-SEZ ecosystem,” said Hafizuddin.

UEM Sunrise’s developments in Johor Bahru include townships such as the Aspira series and Senadi Hill, commercial and retail hubs, and the upcoming 380-acre industrial park in Gerbang Nusajaya. Beyond infrastructure, the developer also has built sports centres and wellness and hospitality facilities in Iskandar Puteri.

Meanwhile, GuocoLand’s flagship developments include Guoco Tower and Guoco Midtown in Singapore, as well as property development and property investment in China and Malaysia.

“We are excited to partner with UEM Sunrise in the development of Iskandar Puteri. UEM Sunrise has strong local expertise in master planning in the location, and they have many well-located sites with strong attributes. GuocoLand will bring along our experience in real estate development and asset management, as well as an understanding of the needs of companies from Singapore, Malaysia and China that wish to establish a presence in the JS-SEZ. Together, our combined expertise will enable us to shape Iskandar Puteri and the wider JS-SEZ through innovative developments,” said Cheng.

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