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The internationally-acclaimed Resort-Within-A-City will
also see a strategic transformation with the development
of SunCity’s next iconic development, the RM5.2 billion
project, Sunway South Quay, changing its landscape into an
international lakeside metropolis.
Inspired by its success in Malaysia, SunCity has been exploring
value-partnerships beyond the country with its strong
credentials; while articulating its vision to be a regional and
international player by 2010. SunCity, with its best-in-class
industry practices has been able to establish its presence
overseas in 4 countries, namely Australia, Cambodia, China
and India.
SunCity’s continuous commitment to value and innovation
has made SunCity Malaysia’s leader in property and resort
township developments. The uncompromising aspiration
to achieve the highest standards in quality and excellence
in customer service has been the driving force behind all
developments including the expansion overseas.
Most recently, the Property Development division found new
ground in Malaysia with the launch of luxury projects such
as Sunway Vivaldi and Sunway Palazzio, and in line with its
focus on going green through sustainable development has
also incorporated sustainable features in its key projects.
2008 MILESTONE:
Awards and Accolades
Known for its commitment to the industry and its
achievements, SunCity has always been on the radar as a
winning brand deserving recognition. SunCity is encouraged
by its nomination and award at the recent Malaysia’s Top
Property Developers Awards 2008 conferred by Malaysia’s
leading publication, The Edge. SunCity has moved up in
rankings this year and featured amongst Malaysia’s top
3 property developers. This is a significant milestone in its
continuing efforts to better our standards and also deliver
greater value to its customers and key stakeholders.
The Company’s top 10 position for the sixth consecutive year
reflects its constant growth and evolution as a company which
is always conscious of the specific needs of the industry and
its people.
Record-Breaking Unbilled Revenue above RM1.2
billion and 2 En Bloc Sales
A condominium block in Sunway South Quay was sold en
bloc to CI Korea Co. Ltd. in December 2007 for RM171 million.
This condominium block known as Residential Condominium
4 (RC4), is situated on a 3.6-acre plot of land and will comprise
249 condominium units with various facilities. RC4 will be
specially developed for the South Korean community.
At the same time, Sunway Palazzio Block B in Sri Hartamas
was sold to Radiant Splendour Sdn Bhd for RM219 million in
January 2008.
Both en bloc sales have enabled SunCity to achieve a record
of unbilled sales of above RM1.2 billion in the first half of the
financial year.
BayRocks Garden Waterfront Villa @ Sunway South Quay
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SUNWAY CITY BERHAD ANNUAL REPORT 2008