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Thursday, October 28, 2010

Four projects for Sunrise next year

PETALING JAYA: Property developer Sunrise Bhd plans to launch four projects with a total gross development value (GDV) of RM3.2bil next year.

This will support expectations of turning in a better financial performance in the current financial year ending June 30.

Executive chairman Datuk Tong Kooi Ong said the immediate project to hit the market would be the Solaris Tower with a GDV of RM480mil by this year or early next year.

“Next would be our project in Vancouver, Canada- the Quintet- where the launching of the second phase is expected to be in February or March next year.

“We already launched the first phase last month and all units were sold out much faster than expected. The Canada project has a total GDV of 400mil Canadian dollars,” he said.

By middle of next year, Sunrise will unveil its MK20 with a GDV of RM1bil, a build-and-sell mixed development project in Mont’ Kiara.

“Finally, we should see the launch a premium landed development in Kajang, next to the Mines Resort with GDV of around RM500mil by year-end,” Tong told reporters after the company’s AGM today.

By The Star

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