UEM Sunrise plans Cheras development


Preliminary plans are to develop 1.8 million sq ft of various types of competitively priced products aimed at young homeowners looking for residences with immediate accessibility into the city centre.

KUALA LUMPUR: UEM Sunrise Bhd has acquired 6.86 acres of prime freehold land adjacent to the Taman Connaught MRT station in Cheras for RM197mil and plans a transit-oriented development with a gross development value of RM1bil.

UEM Sunrise, one of Malaysia’s leading property developers, UEM Land Bhd, had signed a sale and purchase agreement with the landowner Accolade Land Sdn Bhd.

It said the preliminary plans are to develop 1.8 million sq ft of various types of competitively priced products aimed at young homeowners looking for residences with immediate accessibility into the city centre.

“The development has an estimated total gross development value of over RM1bil and is slated for a two-phase launch, with the first phase kicking off in the second half of 2022, ” it said.

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