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UEM Sunrise: Expanding Footprint Around The World (Part 1)
By: Brian Brinker
Articles (44) Profile
By: Ong Qiuying
Articles (131) Profile

UEM Sunrise is currently in the midst of an expansion across Malaysia, Southeast Asia, and even around the world.

While the company initially focused on property development in and around Kuala Lumpur, it is now expanding to Johor, Malaysia, and also Indonesia.

The company is also looking to expand its presence in Vancouver, Canada and Melbourne, Australia. This should help the company tap into growth in the years to come and will help protect the company against downturns in any single market.

As a property development firm, UEM Sunrise will be impacted by the general economic growth across Malaysia and Southeast Asia.

Notably, Malaysia’s economy is expected to grow at a solid 5 percent in 2014, while the Asian Development Bank projects that Indonesia will grow by a solid 5.7 percent in 2014, in spite of turbulence being created by tapering in the US.

Both markets will be of interest to the company as it expands its footprint in the region.

UEM Sunrise is emerging as one of the leading developers in Johor, Malaysia. As part of the Iskandar Investment program, the Malaysian government is working to develop over half a million acres of land in Johor.

Johor is emerging as a major destination for Singaporean investments. With land space constrained in Singapore itself and labour costs rising steadily, nearby Johor offers plenty of cost advantages for Singaporean companies and citizens.

Furthermore, Kenanga Research notes that the current weaker Ringgit bodes well for demand in Johor. Talks of building a third friendship bridge are under way.

Beyond Johor, UEM Sunrise is also involved in the Indonesian real estate market. The Wall Street Journal reports that Jakarta is currently the world’s hottest luxury property market, a sector UEM Sunrise concentrates on.

Prices for luxury properties rose by an astounding 37.7 percent in 2013, a rate that has some concerned that a bubble could be building.

Company Profile
UEM Sunrise is one of Malaysia’s leading real estate developers with property developments spread across Malaysia.

The company has core competencies in macro township development, high-rise residential, commercial, retail and integrated developments, as well as property management and project and construction services.

UEM Sunrise now has property developments in Malaysia, Vancouver (Canada), Singapore, and Australia, making it one of the largest real estate developers in the world.

The company is famed for its upscale real estate developments in the prestigious Mont Kiara suburb of Kuala Lumpur and is currently leading the development of Nusajaya in Johor.

When completed, Nusajaya will represent one of Southeast Asia’s largest integrated real estate developments at 23,875 acres.

Now, let’s take a look at UEM Sunrise’s financial highlights and the latest developments that could benefit them.

This article is brought to you by Bursa Malaysia Berhad. The research in this article was conducted independently by Pioneers & Leaders (Publishers) Pte Ltd (“Pioneers & Leaders”) and the views and opinions expressed in this article are Pioneers & Leaders’ own and do not represent the views and opinions of Bursa Malaysia. Bursa Malaysia does not warrant or represent, expressly or impliedly as to the accuracy, completeness and currency of the information in this article. In no event shall Bursa Malaysia be liable to the reader or any other third party for any claim howsoever arising out of or in relation to this article.
This is a co-written article of Shares Investment, which lays out the analytical ideas and thoughts of the authors, who are well versed in investments and market concepts.


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