Higher UEM Sunrise cost within ‘range of tolerance’


Chief executive officer Sufian Abdullah said the group may revise its position on pricing towards the end of the first half of 2022.

PETALING JAYA: One of Malaysia’s largest property developers, UEM Sunrise Bhd, has hinted about the possibility of raising its property prices if the spike in construction costs continues.

The group, however, said the higher costs remain within “a range of tolerance at this point”, and hence it would refrain from significantly raising its prices this year.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

UEM Sunrise , Sufian Abdullah , property , prices ,

   

Next In Business News

CPO futures forecast to trade with downside bias next week
Proposed telco merger outside MyCC's purview, CEO says
Portugal's EDP betting on floating solar farms in Southeast Asia
Oil price rises more than 2% as supply outages outweigh recession fears
Wall St Week Ahead-Investors brace for pivotal July after dismal first half
Thai Airways aims for 2024 completion of restructuring
Labour issues dominate businesses
Education needs to be realigned to meet industry demand
Short Position - Who will helm MPOA next?, Shorter is not better, Large-scale solar mess
GST net collection may not be as high as thought

Others Also Read