UMLand, an award-winning company has two property development divisions namely Township Development and Niche Projects. In addition, UMLand also operates Suasana Suites serviced apartments and a construction division under UMLand Builders Sdn Bhd.
Its Niche division has completed several premier residential developments in Kuala Lumpur and Johor, including Somerset Puteri Harbour at Iskandar Puteri. On-going niche projects include Suasana Iskandar Malaysia, a mixed development in Johor Bahru City Centre; Medini Lakeside, a multi-phased mixed development comprising UMCity, a mixed-use commercial development and winner of the International Property Award, and Viridea Lakeside, a green residential development, in Medini Iskandar Malaysia; and Star Residences, a joint venture initiative with Symphony Life Berhad to develop an upmarket serviced residences in the Kuala Lumpur City Centre.
With rapid developments taking place, the Group still has over 1,800 acres of undeveloped landbank located in strategic areas across Malaysia.
UEM Sunrise Sells Land in Canada
It was reported that UEM Sunrise Bhd is selling 4.9 acres of land in British Columbia, Canada for C$113mil (RM372.57) under its strategy to focus on the domestic market in Malaysia and to shift its international business focus to Australia.
The property company said its unit UEM Sunrise (Canada) Alderbridge Ltd was selling three parcels of land in New Westminister, Richmond, BC to South Street Development Group’s unit 1107782 BC Ltd. The purchase reflected the prevailing market prices of similar properties in the vicinity.
UEM Sunrise explained the sale was to focus on Australia where the UEM Sunrise Group has two ongoing projects and a third project currently in the pipeline.