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Sunway bags best developer at SEAPA MALAYSIA 2014 - SUNWAY SWEEPS THREE AWARDS
BANDAR SUNWAY ~ 27 AUG, Sunway Berhad bagged a total of four awards at the Southeast Asia Property Awards Malaysia 2014 at its Gala Dinner held at Westin Kuala Lumpur recently. Ong Ghee Bin, Executive Director of Property Development Division, Central Region, Malaysia received the award from Mr David Aboud, the chairman of the judging panel and the Director, Investments and Assets Management, Asian Real estate, guidance investments.
Sunway Berhad came out on top for the Best Developer category, while Sunway Wellesley represented by Ahila Ganesan, Assistant General Manager of Sunway Penang received Best Housing Development (North Malaysia) category. Sunway Montana represented by Ong Ghee Bin, received Best Housing Development (Central Malaysia) category while Sunway Lenang Heights represented by Tan Wee Bee, Executive Director- Property and Construction, Southern Region, Malaysia and Singapore received Highly
Commended under the Best Housing Development (South Malaysia) category. Sarena Cheah, Joint Managing Director – Property Development Division, Malaysia and Singapore said that Sunway is humbled to have garnered four recognitions at SEAPA (Malaysia) 2014. “We are pleased to receive these recognitions as they help us benchmark our developments against the best in the region.
Sunway is always striving to better our developments and the brand for our communities while elevating liveability for all Malaysians. We not only build townships but we celebrate the communities living in it by making our very best efforts to offer them the finest products and services throughout their journeys with us.
Sunway remains committed to being a master community builder. We would not be here without their trust, loyalty, and support. We look forward to represent the country at the regional awards,” she said. Sunway Wellesley is Sunway Property’s first residential development in mainland Penang.
The 82 acre development with stunning contemporary homes adorned with lush feature-rich landscape is located in Bukit Mertajam with a total gross development value of RM 800 million.
Sunway Montana is a freehold green development in the pristine Desa Melawati with a 14 acre park inclusive of a skywalk and an RM 10 million clubhouse. Merely 13km away from KLCC, each abode is designed with the latest sustainable innovation.
Sunway Lenang Heights is an exclusive gated freehold 88 acre residential development situated at Taman Molek, Johor Bahru. With 60% green, the development features lush landscaping with extensive parks and an ultramodern clubhouse.
The developer awards are judged based on a total of five criteria, which includes reputation image and CSR, quality of projects, track record, innovation and major achievements. The development awards on the other hand are judged based on seven criteria including design and amenities, location, value for money, use of space, construction and materials, unique selling points, state of completion and sales success.
The Award recognizes the high calibre work within the Asian real estate industry, encompassing construction, architecture and interior design. Started in Thailand in 2005, the Asia Property Awards have since expanded to reward developments, consultants, architects and designers in China, Singapore, Malaysia, Indonesia, the Philippines and Vietnam. Sunway Berhad will join the winners from Indonesia, Singapore, and Vietnam to compete at the grand finale South East Asia Property Awards on October 16 in Singapore.
Sunway Berhad came out on top for the Best Developer category, while Sunway Wellesley represented by Ahila Ganesan, Assistant General Manager of Sunway Penang received Best Housing Development (North Malaysia) category. Sunway Montana represented by Ong Ghee Bin, received Best Housing Development (Central Malaysia) category while Sunway Lenang Heights represented by Tan Wee Bee, Executive Director- Property and Construction, Southern Region, Malaysia and Singapore received Highly
Commended under the Best Housing Development (South Malaysia) category. Sarena Cheah, Joint Managing Director – Property Development Division, Malaysia and Singapore said that Sunway is humbled to have garnered four recognitions at SEAPA (Malaysia) 2014. “We are pleased to receive these recognitions as they help us benchmark our developments against the best in the region.
Sunway is always striving to better our developments and the brand for our communities while elevating liveability for all Malaysians. We not only build townships but we celebrate the communities living in it by making our very best efforts to offer them the finest products and services throughout their journeys with us.
Sunway remains committed to being a master community builder. We would not be here without their trust, loyalty, and support. We look forward to represent the country at the regional awards,” she said. Sunway Wellesley is Sunway Property’s first residential development in mainland Penang.
The 82 acre development with stunning contemporary homes adorned with lush feature-rich landscape is located in Bukit Mertajam with a total gross development value of RM 800 million.
Sunway Montana is a freehold green development in the pristine Desa Melawati with a 14 acre park inclusive of a skywalk and an RM 10 million clubhouse. Merely 13km away from KLCC, each abode is designed with the latest sustainable innovation.
Sunway Lenang Heights is an exclusive gated freehold 88 acre residential development situated at Taman Molek, Johor Bahru. With 60% green, the development features lush landscaping with extensive parks and an ultramodern clubhouse.
The developer awards are judged based on a total of five criteria, which includes reputation image and CSR, quality of projects, track record, innovation and major achievements. The development awards on the other hand are judged based on seven criteria including design and amenities, location, value for money, use of space, construction and materials, unique selling points, state of completion and sales success.
The Award recognizes the high calibre work within the Asian real estate industry, encompassing construction, architecture and interior design. Started in Thailand in 2005, the Asia Property Awards have since expanded to reward developments, consultants, architects and designers in China, Singapore, Malaysia, Indonesia, the Philippines and Vietnam. Sunway Berhad will join the winners from Indonesia, Singapore, and Vietnam to compete at the grand finale South East Asia Property Awards on October 16 in Singapore.
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Sunway
Trading Idea - Sunway Berhad - The Secular Long-term Uptrend
Sunway Berhad (5211)
A new entity created from the merger between Sunway Holdings Berhad and Sunway City Berhad.
As shown in chart above, this counter has been in a major base-building stage for many years and major reversal pattern was finally confirmed in March 2013 with a breakout above major resistance level of RM2.75 - RM2.80.
RSI reading shows that the stock is a long-term bullish counter with potential upside at RM5.20 in the long-term based on cup-and-handle pattern that is formed over a 13-year period.
Barring potential volatility arising from the upcoming General Election in Malaysia, Sunway promises longer term potential upside with high degree of certainty.
Another point worth noting is that the company's warrant: Sunway-WA (5211WA) is currently trading at an attractive premium of around 14% only. The warrant is a good proxy for a leveraged investment into the positive outlook of the mother share with an expiry in 2016.
An ideal approach to investing in such counter would be "buy at dips" and/or "buy more at further dips" so that one could ride on the long-term uptrend over the next few years.
The promising outlook is solely based on technical analysis.
