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Stockwatch- Sunway City (Malaysia) corporate profile

Corporate Profile of Sunway City Berhad, extracted from its 2006 Annual Report:

Sunway City Berhad (SunCity) is a member of The Sunway Group, a well-diversified conglomerate in Malaysia. SunCity commenced operations in 1986 and was listed on the main board of Bursa Malaysia Securities Berhad in 1996, principally to develop the Bandar Sunway township in Petaling Jaya. Following the success of the development of Bandar Sunway, SunCity has grown and diversified into property investment, hospitality, leisure and entertainment, as well as healthcare. However, property development remains as SunCity’s core business and contributes significantly to SunCity’s profitability. Its property development portfolio comprises commercial, residential and industrial developments.

SunCity’s strength and stability in the Malaysian property industry has attracted its current partner, Government of Singapore Investment Corporation Pte Ltd (GIC), the Government of Singapore’s wholly-owned real estate investment arm. GIC now owns 24% of SunCity, as well
as a 48% stake in Sunway Pyramid Shopping Mall and Sunway Resort Hotel & Spa respectively. This strategic partnership will propel SunCity’s growth into the regional and global property arenas.

Property Development
SunCity’s most outstanding flagship development is Bandar Sunway, a multi-billion ringgit township in Petaling Jaya. Situated just 20 minutes from the bustling Kuala Lumpur city centre, it is developed based on the signature SunCity lifestyle concept, “Resort Living Within
The City.” This 800-acre fully-diversified and selfcontained township stands as a testament to SunCity’s reliability and expert capability as a property innovator. The well-planned township structure and the superlative architectural designs of the magnificent edifices in the
township herald SunCity’s forte as a developer.

SunCity’s developments are met with great successes as they are built upon the foundation of strategic location and quality materials. SunCity endeavours to be the “Property Developer of Choice”. The SunCity brand has been awarded the Superbrands status and ranked fourth
in The Edge’s “Top Property Developers Awards 2005”. SunCity was also top 3 in the Euromoney Real Estate Awards 2006 among 82 property developers in Malaysia.

Among SunCity’s prominent developments is the Kiara Hills residential development. This RM800 million project is the pride of SunCity as it demonstrates the superiority and marks SunCity’s foray into the high-end market. Kiara Hills has garnered the prestigious label of
the “Beverly Hills of Kuala Lumpur”. Other noteworthy projects include Sunway Damansara, Sunway SPK Damansara, Sunway Rahman Putra, Sunway Kinrara and Sunway Semenyih in the Klang Valley, Sunway Bayan in Penang and Sunway City Ipoh in Tambun, Perak.

SunCity’s most prestigious project in the pipeline is the Sunway South Quay development that will feature more than 4,000 residential and commercial units including luxury lakeside villas, high-end condominiums, serviced apartments, lakeside boutiques, retail spaces and offices.

Property Investment
SunCity’s property investment arm comprises the various components of Sunway Lagoon Resort. The resort is the winner of the prestigious World FIABCI Prix d’ Excellence Award 2002 in the Leisure category. It consists of Sunway Resort Hotel & Spa, Sunway Pyramid Shopping Mall, Sunway Lagoon Theme Park, Sunway University College, Monash University Sunway Malaysia and Sunway Medical Centre. This 7-million square feet world-class facility integrates the finest in leisure and entertainment, hospitality, conventions, shopping malls, healthcare services and tertiary education facilities.

Hospitality
Sunway Resort Hotel & Spa is SunCity’s flagship hotel development at Bandar Sunway. It is situated within the 800-acre "Resort Living Within The City", built based on an overall thematic concept - combining modern design with an ambience and personalised warmth that is uniquely Malaysian.

Sunway Resort Hotel & Spa comprises the Main Tower, Pyramid Tower Hotel, Resort Suites, The Villas and The Duplex. With a total of 1,234 guestrooms and complete with 10,000 square metres of meeting space, Sunway Resort Hotel & Spa is now the single largest hotel development in Kuala Lumpur.

Healthcare
Sunway Medical Centre (SMC) is a private hospital offering specialised tertiary healthcare services. The Medical complex is an 8-level building with 240 beds and 45 specialist consultation suites. SMC offers professional clinical expertise provided by a team of qualified and experienced consultants, welltrained and dedicated nursing staff and supported by the
latest in medical technologies and equipment. Patients have access to a wide range of inpatient and outpatient specialised healthcare facilities, health promotion programmes and 24-hour emergency services.

Leisure
The Sunway Lagoon Theme Park is the main attraction that draws visitors, both local and foreign, to Sunway Lagoon Resort. It is strategically located in the heart of the Bandar Sunway township in Petaling Jaya. Spanning 80 acres, the theme park draws fun seekers from all over
with its reputation as a fascinating place of fun and excitement.

In Ipoh, The Lost World of Tambun water park has proven to be a hit with the locals in the North. Set against a backdrop of the magnificent limestone hills, and boasting a natural hot spring pool, the park is a tourist destination like no other in the country.

posted by gsg @ 1:13 PM