<figure class="wp-block-image size-full"><img loading="lazy" width="2560" height="1474" src="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2025/05/One-Oval-Western-Australia-scaled.jpg" alt="" class="wp-image-98765" srcset="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2025/05/One-Oval-Western-Australia-scaled.jpg 2560w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2025/05/One-Oval-Western-Australia-300x173.jpg 300w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2025/05/One-Oval-Western-Australia-1536x884.jpg 1536w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2025/05/One-Oval-Western-Australia-2048x1179.jpg 2048w" sizes="(max-width: 2560px) 100vw, 2560px" /></figure>



 PERTH, 26 May 2025 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) has revealed the name of its flagship project in Subiaco East, with One Oval marking a key step forward in the transformation of the historic Subiaco Oval precinct. The announcement coincides with the opening of early registrations for those interested in purchasing apartments in what will be the first residential project to proceed under the Western Australia Government’s Subiaco East Masterplan This development is a key component of the Subiaco East Masterplan by DevelopmentWA, the Western Australia State Government’s central land and development agency, which aims to rejuvenate 35 hectares of land surrounding Subiaco Oval. The masterplan envisions creating a vibrant, inner-city village that respects the area&#8217;s rich heritage while introducing new residential, commercial and public spaces to meet the needs of a growing population. Established in 1908, Subiaco Oval was a historic sports stadium and was the premier venue of Western Australia’s major football and rugby matches, as well as concerts. The stadium was demolished in 2019, with the playing surface preserved as a public park. One Oval will include two distinctive residential buildings with dynamic tiered heights of 36 and 26 storeys on Lot 1, and 11 storeys on Lot 2. In total, the project will deliver 342 residential units, with a mix of 1, 2 and 3-bedroom options, 400sqm of retail at ground level and a strong focus on wellness amenity and community connection. Construction is expected to commence next year, with completion of Lot 2 expected in the firs quarter of 2029, and Lot 1 expected later that year. UEM Sunrise Officer in Charge and Chief Financial Officer, Hafizuddin Sulaiman says the name One Oval reflects both the site&#8217;s legacy and its future as a new destination for Subiaco. 



“We are proud to unveil One Oval as the name for our first project in Western Australia. This location holds deep sporting and cultural significance, and we see this as an opportunity to create something truly special that speaks to both history and the future,”



&#8220;One Oval offers premium residences that are thoughtfully curated and innovatively designed, fostering inclusivity where residents will be able to enjoy elevated parkside living in one of Australia’s most coveted suburbs,” said Hafizuddin.



Over 70% of the development comprises of generously-sized two and three bedroom residences, featuring elements of inter-generational living and lifestyle offerings aligning with contemporary living.



Beyond housing, One Oval will bring lasting benefits to the community. Plans include delivering infrastructure to support community events at the Heritage Gates park and the open space within the development adjoining the oval, as well as providing art activation and storage facilities at the oval for local football clubs.



The project website is now live at oneoval.com.au, offering early registrants access to project details, imagery, and updates as the development progresses.

UEM Sunrise Unveils Name of Landmark Subiaco East Development as Registrations Open

<figure class="wp-block-image size-large"><img loading="lazy" width="9504" height="6336" src="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2025/05/01.-Hafizuddin-Sulaiman.-Officer-in-Charge-and-Chief-Financial-Officer.jpeg" alt="" class="wp-image-98754" srcset="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2025/05/01.-Hafizuddin-Sulaiman.-Officer-in-Charge-and-Chief-Financial-Officer.jpeg 9504w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2025/05/01.-Hafizuddin-Sulaiman.-Officer-in-Charge-and-Chief-Financial-Officer-300x200.jpeg 300w" sizes="(max-width: 9504px) 100vw, 9504px" /><figcaption>Hafizuddin Sulaiman. Officer in Charge and Chief Financial Officer</figcaption></figure>



 Revenue rose 86% YoY to RM417.6 million, driven by stronger ongoing development contributions. 



 KUALA LUMPUR, 22 May 2025 – UEM Sunrise Berhad (“UEM Sunrise” or the “Company”) posted a Profit After Tax and Non-Controlling Interests (“PATANCI”) of RM20.5 million for the first quarter ended 31 March 2025 (“1Q 2025”), representing a 150% increase from RM8.2 million recorded in the same quarter last year. Revenue rose 86% year-on-year (“YoY”) to RM417.6 million from RM225.0 million in 1Q 2024, driven by stronger contributions from ongoing developments. The MINH, Serene Heights, Residensi ZIG, Residensi AVA from the Central region, coupled with Senadi Hills, Aspira Hills and Aspira LakeHomes from the Southern region, all recorded steady operational progress. Sales progress remained strong, with RM370.6 million recorded during the quarter vis-a-vis RM232.6 million a year ago. This uptick was driven by successful launches and steady demand for ongoing developments. The Central region led performance with RM201.2 million (54.3%) from 222 units sold while, the Southern region contributed RM169.4 million (45.7%) from 260 units, bringing the total units sold in 1Q 2025 to 482. UEM Sunrise attributed the stronger financial and operational performance to sustained focus on execution, enhanced project delivery and ongoing transformation initiatives aimed at strengthening operational efficiency. Hafizuddin Sulaiman, Officer-in-Charge and Chief Financial Officer of UEM Sunrise said, “This is our strongest 1Q PATANCI since 2019. These results reflect the strength of our foundations and our ability to deliver, even in a dynamic market. The progress we are making is the outcome of disciplined execution, a sharper focus on operational excellence and our transformation journey to be a thoughtful master planner and innovative developer in delivering sustainable long-term value for our home purchasers and stakeholders.” UEM Sunrise maintained a healthy financial position, with cash and bank balances including short-term investments amounting to RM1.56 billion as at 31 March 2025, up 55% from RM1.01 billion a year ago. Unbilled sales rose to RM3.02 billion, offering earnings visibility for the next 18 to 36 months. Inventories declined to RM89.3 million from RM118.2 million in 1Q 2024. Net gearing improved to 0.41 times from 0.47 times YoY. During the quarter, UEM Sunrise signed a Memorandum of Understanding (“MoU”) with Singapore-based real estate group GuocoLand Limited, marking the first MoU inked under the Johor-Singapore Special Economic Zone (“JS-SEZ”) initiative. The collaboration underscores both parties’ commitment to forging strategic cross-border partnerships to catalyse growth in JS-SEZ, reinforcing Iskandar Puteri as a key economic hub in Flagship Zone B for high-impact investments and exportable services. UEM Sunrise also launched the new UEM Sunrise Gallery in Iskandar Puteri during the quarter, strengthening brand presence and reaffirming its commitment in showcasing the future vision of the region. This zone is poised to attract investments in manufacturing, business services, the digital economy, education, healthcare and tourism. On the industrial development front, UEM Sunrise expects final gazettement under the upcoming Local Plan by early 2026. In the meantime, the developer is accelerating the activation and completion of key infrastructure works to ensure that it is fully prepared to proceed with the launch of its industrial development immediately when the Planning Approval is secured. “As we navigate the rest of 2025, we will continue to prioritise sustainable growth, strategic partnerships and disciplined capital management. With a solid pipeline, strong brand equity and a clear focus on delivery, we are confident in our ability to unlock more value, strengthen our market presence and build a future-ready UEM Sunrise,” Hafizuddin added. In 2025, UEM Sunrise is also advancing its international expansion with a landmark mixed-use residential development in Subiaco East, Perth, its first venture in Western Australia. This project, comprising approximately 340 apartments across two architecturally distinctive towers, is designed to deliver sustainable, community-focused living while honouring the heritage of the iconic Subiaco Oval precinct. The development is scheduled to launch in the second half of 2025. UEM Sunrise is targeting launches of up to RM1.5 billion in gross development value and achieving sales of RM1.05 billion this year, with a strong pipeline from both Central and Southern regions, driven by our market positioning of being in the right place, at the right time, with the right price &#8211; ensuring that our offerings align perfectly with evolving market demand and buyer expectations.

UEM Sunrise Delivers Strongest 1Q Profit Since 2019 at RM20.5m, 150% YoY

S P SETIA FORGES AHEAD WITH STRATEGIC PLANS AND LAUNCHES



<figure class="wp-block-image size-full"><img loading="lazy" width="2532" height="2560" src="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2025/05/SETIA-President-and-CEO-Datuk-Choong-Kai-Wai-2-1-scaled.jpeg" alt="" class="wp-image-98747" srcset="https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2025/05/SETIA-President-and-CEO-Datuk-Choong-Kai-Wai-2-1-scaled.jpeg 2532w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2025/05/SETIA-President-and-CEO-Datuk-Choong-Kai-Wai-2-1-297x300.jpeg 297w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2025/05/SETIA-President-and-CEO-Datuk-Choong-Kai-Wai-2-1-1519x1536.jpeg 1519w, https://angel-prod-public-content.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/sites/2/2025/05/SETIA-President-and-CEO-Datuk-Choong-Kai-Wai-2-1-2026x2048.jpeg 2026w" sizes="(max-width: 2532px) 100vw, 2532px" /><figcaption>“Despite the market volatility, we will continue to leverage on our diversified portfolio, while optimising our capital efficiency, and expanding our presence across high-growth segments,&#8221; Datuk Choong Kai Wai, President &amp; CEO of S P Setia Berhad said.</figcaption></figure>



 KUALA LUMPUR &#8211; S P Setia Bhd (“Setia” or “the Group”) is pleased to announce its financial results for Q1 FY2025, further illustrating the Group’s financial resilience, as it continues to deliver value to its shareholders. During the review period, Setia’s revenue stood at RM771 million. For the first quarter ended 31 March 2025, Setia has recorded a profit before tax of RM141 million and a net profit after tax of RM89 million, attributed mainly by its operational efficiency and effective cost management. 



In the same review period, Setia has continued to reduce its borrowings by another RM156 million, with a net gearing ratio of 0.35x, which is consistent quarter-on-quarter, and aligned with the Group’s debt reduction strategies. Setia secured sales of RM718 million for Q1FY2025. Local projects contributed RM489 million or approximately 68% of sales while the international projects contributed RM229 million or approximately 32% of sales. On the local front, the sales secured were largely from Central region with RM284 million whereas Southern region contributed RM189 million. Setia’s President &amp; CEO Datuk Choong Kai Wai said, “Our financial performance during the quarter underscores our continued efforts, persistence and implemented strategies, as we adjust to the current market needs and conditions.” Following the announcement of the US reciprocal tariff, Bank Negara Malaysia maintained its 2025 Gross Domestic Product (“GDP”) growth forecast of between 4.5% to 5.5% range. The Group remains vigilant amidst the fluctuation of market challenges and will continue to monitor the developments, assess potential impacts on its operations and evaluate appropriate strategies to mitigate any adverse effects. “Despite the market volatility, we will continue to leverage on our diversified portfolio, while optimising our capital efficiency, and expanding our presence across high-growth segments,” added Datuk Choong. The Group is scheduled to roll out RM5.1 billion of property development and RM300 million industrial planned launches in FY2025. Setia will continue to accelerate its catalytic township developments, eco-industrial parks, strategic partnerships, land monetization, and capitalising on value creation across its key growth corridors. Moving forward, Setia remains committed to achieving its RM4.8 billion sales target this year, leveraging on its established reputation as one of the top listed sustainable, master-planned township developers in Malaysia. On the international front, the recently launched ATLAS Melbourne, which has an estimated Gross Development Value (“GDV”) of AUD 886.7 million (RM2.7 billion), has shown continued momentum in its contribution to the Group’s overall sales. In Vietnam, the Group is scheduled to unveil new residential launches within the successful developments of EcoLakes in FY2025. As of 31 March 2025, the Group has unbilled sales pipeline of RM3.8 billion, 42 ongoing projects with a remaining land bank of 5,364 acres, and an effective remaining GDV of RM120.1 billion.

RESILIENT EARNINGS, PROFIT BEFORE TAX OF RM141 MIL, WITH REDUCED BORROWINGS AMIDST MARKET VOLATILITY IN Q1 FY2025

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Malaysia Property Market News

UEM Sunrise Unveils Name of Landmark Subiaco East Development as Registrations Open

UEM Sunrise Delivers Strongest 1Q Profit Since 2019 at RM20.5m, 150% YoY

RESILIENT EARNINGS, PROFIT BEFORE TAX OF RM141 MIL, WITH REDUCED BORROWINGS AMIDST MARKET VOLATILITY IN Q1 FY2025

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