With strong Khazanah Nasional Bhd parentage, UEM Land as one of the frontrunners for government land developments in Singapore and Malaysia. The positive merger with Sunrise has raised its profile given Sunrise’s expertise in high-rise integrated developments and branding.
UEM Land is also starting to reap the fruit of its flagship developments in Iskandar Malaysia.
UEM Land is also starting to reap the fruit of its flagship developments in Iskandar Malaysia.
UEM Land is the frontrunner for government land developments, including the Rubber Research Institute of Malaysia’s 1,214ha in Sungai Buloh. UEM Land is sitting on the advisory panel, assisting EPF in formulating the master plan for the land. The company has also submitted bids for other government land — the 7.7ha Unilever land in Bangsar and 8.5ha Pudu jail redevelopment in Bukit Bintang West in Kuala Lumpur. The securing of these developments will provide a strong impetus to UEM Land’s earnings and valuation.
It has been appointed as project manager for the S$11 billion (RM27 billion) Marina South and Ophir-Rochor government land developments in Singapore. UEM Land’s presence in Singapore has a more positive impact, promoting UEM Land’s RM19 billion of properties in Nusajaya (within Iskandar). UEM Land could also benefit from outright land sale by M+S Pte Ltd, if any.
Iskandar’s property prices should be boosted by a better transport system (Singapore-Johor Bahru intra-city train and rail transit system) and warmer bilateral ties.
Flagship projects in Johor (Pengerang, Tanjung Langsat) will provide the population growth and are re-rating catalysts for the property/land prices in Iskandar.
UEM Land could benefit from the government-linked company’s share divestment plan which will improve its trading liquidity.
UEM Land could benefit from the government-linked company’s share divestment plan which will improve its trading liquidity.
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