UEM Sunrise, with RM3bil unbilled sales, to restrategise in Johor (Update)

PETALING JAYA: UEM Sunrise Bhd, the principal developer of Iskandar Malaysia, says it will restrategise and replan, where necessary, in view of the changes in the property market and the entry of China developers in Johor.

UEM Group Bhd group managing director and chief executive officer Datuk Izzaddin Idris said there would always be challenges in the property sector, which he described as “cyclical” in nature.