Latest news with #UEMSunriseBhd
New Straits Times
4 days ago
- Business
- New Straits Times
Hafizuddin: Future-proof homes in demand as buyers look beyond aesthetics
KUALA LUMPUR: Analysts expect continued demand for premium landed homes, particularly within growth corridors like Cyberjaya in the Greater Klang Valley, as homebuyers increasingly prioritise space, privacy, and lifestyle-oriented amenities. "With interest rates stabilising and consumer confidence on the rise, the outlook for upscale landed developments remains optimistic heading into the second half of 2025," said one market analyst. Reflecting this sentiment, UEM Sunrise Bhd reported a strong response during the first day of its sales preview for Allegro, a premium freehold landed development within the company's Symphony Hills township in Cyberjaya. The preview, held on May 31, saw 23 out of 68 semi-detached villas taken up, representing a 34 per cent take-up rate and generating RM46.8 million in sales. This marks a robust start toward the development's total gross development value (GDV) of RM142 million. The performance of Allegro underscores a resilient appetite for high-quality, landed homes in gated, low-density communities, especially those integrated with lifestyle infrastructure. Demand is being driven by rising household affluence, a growing preference for multi-generational living, and a shift toward future-proof, wellness-centric homes in the post-pandemic landscape. "This encouraging response reflects a growing demand for premium homes in established, lifestyle-driven townships like Symphony Hills. Today's buyers are more discerning," said Hafizuddin Sulaiman, officer-in-charge and chief financial officer of UEM Sunrise. "They seek homes that go beyond aesthetics to offer future-proof spaces, multigenerational comfort and a deeper connection to nature." Allegro comprises 68 low-density, gated villas, with generous built-ups ranging from 2,866 to 5,115 sq ft. Each unit is thoughtfully designed for extended families, featuring resort-style bathrooms, EV-ready car porches, and private lifts in selected homes. Slated for completion in 2027, Allegro forms part of UEM Sunrise's ongoing initiative to revitalise the 98-acre Symphony Hills township, first launched in 2011. As part of this revitalisation, UEM Sunrise will reopen the Opera House clubhouse this month with upgraded lifestyle amenities including a swimming pool, poolside café, mini mart, gymnasium, pickleball courts, and a multipurpose hall.
The Star
22-05-2025
- Business
- The Star
UEM Sunrise posts strongest 1Q profit since 2019
UEM Sunrise officer-in-charge and chief financial officer Hafizuddin Sulaiman. PETALING JAYA: UEM Sunrise Bhd posted a profit after tax and non-controlling interests (Patanci) of RM20.5mil for the first quarter ended March 31, 2025 (1Q25), representing a 150% increase from the RM8.2mil recorded in the same quarter last year. Revenue rose 86% year-on-year (y-o-y) to RM417.6mil from RM225mil in 1Q24, driven by stronger contributions from ongoing developments. The property developer said The MINH, Serene Heights, Residensi ZIG, Residensi AVA from the central region, coupled with Senadi Hills, Aspira Hills and Aspira LakeHomes from the southern region, all recorded steady operational progress. 'Sales progress remained strong, with RM370.6mil recorded during the quarter vis-a-vis RM232.6mil a year ago. This uptick was driven by successful launches and steady demand for ongoing developments. 'The central region led performance with RM201.2mil (54.3%) from 222 units sold, while the southern region contributed RM169.4mil (45.7%) from 260 units, bringing the total units sold in 1Q25 to 482.' UEM Sunrise attributed the stronger financial and operational performance to sustained focus on execution, enhanced project delivery and ongoing transformation initiatives aimed at strengthening operational efficiency. Hafizuddin Sulaiman, officer-in-charge and chief financial officer of UEM Sunrise, said this was the group's strongest 1Q Patanci since 2019. 'These results reflect the strength of our foundations and our ability to deliver, even in a dynamic market. 'The progress we are making is the outcome of disciplined execution, a sharper focus on operational excellence and our transformation journey to be a thoughtful master planner and innovative developer in delivering sustainable long-term value for our home purchasers and stakeholders.' UEM Sunrise also said it maintained a healthy financial position, with cash and bank balances including short-term investments amounting to RM1.56bil as at March 31, 2025, up 55% from RM1.01bil a year ago. 'Unbilled sales rose to RM3.02bil, offering earnings visibility for the next 18 to 36 months. Inventories declined to RM89.3mil from RM118.2mil in 1Q24. Net gearing improved to 0.41 times from 0.47 times y-o-y.'
The Star
22-05-2025
- Business
- The Star
UEM Sunrise posts best 1Q profit since 2019, up 150% to RM20.5mil
UEM Sunrise officer-in-charge and chief financial officer Hafizuddin Sulaiman PETALING JAYA: UEM Sunrise Bhd posted a profit after tax and non-controlling interests (patanci) of RM20.5mil for the first quarter ended March 31, 2025 (1Q25), representing a 150% increase from RM8.2mil recorded in the same quarter last year. Revenue rose 86% year-on-year to RM417.6mil from RM225mil in 1Q24, driven by stronger contributions from ongoing developments. The property developer said The MINH, Serene Heights, Residensi ZIG, Residensi AVA from the Central region, coupled with Senadi Hills, Aspira Hills and Aspira LakeHomes from the Southern region, all recorded steady operational progress. 'Sales progress remained strong, with RM370.6mil recorded during the quarter vis-a-vis RM232.6mil a year ago. This uptick was driven by successful launches and steady demand for ongoing developments. 'The Central region led performance with RM201.2mil (54.3%) from 222 units sold, while the Southern region contributed RM169.4 million (45.7%) from 260 units, bringing the total units sold in 1Q25 to 482.' UEM Sunrise attributed the stronger financial and operational performance to sustained focus on execution, enhanced project delivery and ongoing transformation initiatives aimed at strengthening operational efficiency. Hafizuddin Sulaiman, officer-in-charge and chief financial officer of UEM Sunrise said this was the group's strongest 1Q patanci since 2019. 'These results reflect the strength of our foundations and our ability to deliver, even in a dynamic market. 'The progress we are making is the outcome of disciplined execution, a sharper focus on operational excellence and our transformation journey to be a thoughtful master planner and innovative developer in delivering sustainable long-term value for our home purchasers and stakeholders.' UEM Sunrise also said it maintained a healthy financial position, with cash and bank balances including short-term investments amounting to RM1.56bil as at March 31, 2025, up 55% from RM1.01bil a year ago. 'Unbilled sales rose to RM3.02bil, offering earnings visibility for the next 18 to 36 months. Inventories declined to RM89.3mil from RM118.2mil in 1Q24. 'Net gearing improved to 0.41 times from 0.47 times year-on-year.'
The Star
12-05-2025
- Business
- The Star
Residential sector to remain resilient
PETALING JAYA: Real estate players believe that the property market, especially the residential sub-sector, is expected to demonstrate continued resilience, buoyed by steady demand and positive sentiment. Sime Darby Property Bhd group managing director and chief executive officer Datuk Seri Azmir Merican said the group is well-positioned to sustain the company's momentum and launch pipeline for both residential landed and high-rise projects. 'Our strategically located townships, designed around urban biodiversity and sustainable living, continue to cater to evolving consumer preferences for connectivity and vibrant, lifestyle-driven communities. 'Commercial demand is also expanding as our townships mature, with consumers increasingly seeking a diverse range of offerings that prioritise convenience, lifestyle integration and modern amenities,' he said in the company's annual report. Azmir added that the industrial segment is anticipated to experience sustained demand. This is particularly for data centres as well as industrial and logistic hubs, driven by the ongoing shift towards cloud computing, artificial intelligence, increasing industrialisation and changes in supply chain and trade flows. 'We will continue to safeguard our margins by staying agile, maintaining a diversified product mix, and enhancing placemaking assets to strengthen our market positioning.' Meanwhile, UEM Sunrise Bhd officer in charge and chief financial officer Hafizuddin Sulaiman said its priorities for the year will be to strengthen its financial position, unlock landbank value and deliver targeted launches in the central and southern regions, where the company sees sustained growth potential. 'For the southern region, where we hold over 4,700 acres of landbank, land monetisation will be a key lever. 'As the Johor-Singapore Special Economic Zone (JS-SEZ) gains traction, we are well-placed to activate high-impact developments and forge catalytic partnerships that will create long-term value.' Hafizuddin said the company's industrial play strategy is accelerating in tandem with rising demand for logistics hubs, industrial facilities and technology-enabled solutions. 'This presents an opportunity for UEM Sunrise to not only serve the market, but to help shape its future.' Separately, Hafizuddin said emerging trade tensions and reciprocal tariffs across major economies, particularly between the West and South-East Asia, present both risks and opportunities. 'While prolonged disputes could dampen global trade and investor sentiment, Malaysia stands to gain from supply chain diversification and trade redirection.' For the property sector, he said rising impact costs could pressure development margins, but also drive demand for logistics and industrial real estate. 'UEM Sunrise is actively assessing these impacts, refining our procurement strategies and positioning our southern land-bank to support industrial relocation, in line with the momentum of the JS-SEZ and Malaysia's strategic manufacturing agenda.' Looking ahead, Hafizuddin said the company aims to broaden its geographical footprint. 'While Malaysia remains our core, international expansion, especially in Australia, will be a growing focus, building on our strengthened reputation in key gateway cities.' Meanwhile, Lagenda Properties Bhd chairman Tan Sri Ahmad Kamarulzaman Ahmad Badaruddin said the group remains confident of its growth prospects. 'We are well-positioned to leverage key government initiatives, particularly the RM10bil housing loan allocation for first-time homebuyers, which will help drive homeownership accessibility.' Additionally, he said Lagenda's strategic expansion across multiple states, coupled with active land banking efforts, strengthens the group's ability to meet the growing demand for affordable housing, while ensuring a robust pipeline of future developments. 'We are especially excited about broadening our footprint into new regions, with particular focus on Sabah and Sarawak – especially Sarawak – as part of our long-term growth strategy. 'At the same time, with a strong pipeline of upcoming launches, including our highly anticipated Kulai township, we remain committed to growing our sales, reinforcing our financial stability and ensuring long-term sustainability.' Meanwhile, Tambun Indah Land Bhd chairman Lai Fook Hoy expects ongoing challenges in the property market, particularly due to the complex global economic outlook and anticipated rise in construction costs. 'However, we remain cautiously optimistic about achieving a positive performance.' Lai added that the group continues to adopt a careful approach in its launches, focusing on the affordable and mid-range segments to meet local demand. 'To remain competitive, we will keep monitoring the market dynamics, understanding home buyers' needs and refining our strategies to suit evolving market conditions.'
