Friday, March 16, 2012

UEMLand ... Mar12

It has identified India, Vietnam and Myanmar as potential targets as it gears up to expand into new markets.

In Sabah and Sarawak it is in advanced discussions with landowners.

Its preferred route for a regional expansion would be through an acquisition or JV.

Its developments are primarily focused in Johor and Klang Valley. It has also presence in Canada.

It is bidding for land in strategic hot areas where it may develop up market residential or office building.

It expects to see tipping point soon where it hopes to access a wider market through several projects that are due to finish soon.
In Nusajaya, a number of projetcs will come into completion towards end 2012.
A number of projects will be fully completed and operational by end 2012. These include Coastal Highway, the Legoland theme park and the local campuses.

More than half or rm1.3 billion of 2011’s sales were from developments outside Nusajaya.

It aims to launch projects with a total GDV of rm4.5 billion of which 62% or rm2.8 billion will be derived from outside Nusajaya.

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