UEM Sunrise-Mulpha’s RM5bil joint venture in Iskandar

Joining forces: (From left) Mulpha general manager David Choa Der Huay, CFO Eric Lee Eng Leong, executive chairman Lee Seng Huang, UEM Group Bhd group MD/CEO Datuk Izzaddin Idris, Anwar Syahrin and Cheah at the signing ceremony.

KUALA LUMPUR: Two property developers with interests in Johor, UEM Sunrise Bhd and Mulpha International Bhd, have entered into a joint venture (JV) to develop three parcels of land with a gross development value (GDV) of RM5bil near the Malaysia-Singapore second link in Iskandar Malaysia.

The companies have an equal share in a JV company to develop the multi-billion-ringgit project for up to 20 years.