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UEM Sunrise’s Landmark Perth Development Secures Approval, Contributing to Local Housing Market Growth

PERTH, 18 NOVEMBER 2024 – UEM Sunrise Berhad (“UEM Sunrise” or “the Company”), has received development approval from the Western Australian State Government's central land and development agency, DevelopmentWA, for Lots 1 and 2 at The Oval within Subiaco East. Planned over a 0.49ha site, this mixed-use residential project marks the first approval within the Subiaco East Masterplan, set to supporting local housing supply needs while embracing innovative living solutions.

This milestone enables UEM Sunrise to transform the lots into tiered heights of 36 and 26 storeys for Lot 1, and 11 storeys for Lot 2, achieving a high standard of urban design that reflects local heritage and lifestyle. Offering a mix of 1, 2 and 3-bedroom apartments, including townhouses, the development promotes intergenerational living with multi-family residences and diverse amenities to foster connection and inclusivity.

UEM Sunrise has dedicated 12% of the units as affordable housing, providing future residents such as local essential workers access to quality homes and vibrant urban living. UEM Sunrise Chief Executive Officer, Sufian Abdullah remarked “This project is not only about introducing our unique UEM Sunrise experience to Perth but also about supporting the local market by helping to fulfil pressing housing demands and creating a sustainable, inclusive community. Through this development, we are showcasing our expertise in innovation, quality and design excellence on a global stage.”

Set to target a 5-star Green Star rating under the new Green Star v1.0 standard, the development underscores UEM Sunrise’s commitment to sustainability. Community-oriented facilities, including infrastructure support for events at Heritage Gates park and storage for local football clubs at The Oval, along with 400sqm ground-floor retail space in Lot 1, will enrich the Subiaco Oval precinct, further enhancing its appeal as a hub of connectivity and vibrant living.

With the inclusion of thoughtfully curated communal areas, this development is set to commence construction in 2026, offering a sustainable, community-centric living environment in Perth.

Rendered skyline view of Subiaco’s latest iconic development.