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UEM Sunrise Proposes Landmark Development at The Oval Subiaco East in Perth, Western Australia

KUALA LUMPUR, 27 May 2024 – UEM Sunrise Berhad ("UEM Sunrise" or the "Company") submitted the Development Application (DA) of its first residential development in Subiaco East in Perth, Western Australia for Lots 1 and 2 at The Oval, Subiaco East, to deliver two landmark apartment buildings.

The Company is seeking approval for two mixed-use residential buildings on the 4,930sqm site, which will sit just beyond the boundary line of the iconic Subiaco Oval, alongside Haydn Bunton Drive. The proposed development is the first within the overall Subiaco East Masterplan by DevelopmentWA, the Western Australia State Government's central development agency.

The proposed development will comprise of approximately 340 apartment units with a launch GDV potential of AUD450 million (RM1,346.7 million) including up to 12% of the apartments providing affordable housing in the Western suburbs. The proposal aims to offer a distinct opportunity for future residents to enjoy the unique Subiaco lifestyle.

The scheme will see two well-designed residential buildings on Lot 1 with a tiered height of 25 and 35 stories plus a ground floor, creating a strong visual aesthetic for the landmark development. This will be complemented by a 10-storey building plus a ground floor on Lot 2.

The proposed design for the mixed-use residential precinct will promote communal interaction through well-curated spaces, 400sqm of retail space on the ground floor of Lot 1, which permeates into gardens and landscaping that augment the public facilities at The Oval site.

Chief Executive Officer Sufian Abdullah said, "The Company has had a significant presence in Australia for many years and we're delighted to be delivering this landmark project in our first venture into Western Australia bringing a combined local and global expertise in mixed-use developments to the Perth residential market to create a vibrant and connected new community in Subiaco East."

"This proposed development will create a high-quality residential precinct at an important time in the Western Australia housing market – delivering new housing supply at scale, with more than 340 new homes for a wide range of residents. Our unique offering will appeal to home-owners – individuals and families – at different stages in their life, with greater flexibility and opportunity for intergenerational living, work-life integration and connection to a diverse community."

The Company is committed to delivering a design excellence outcome for Lots 1 and 2 including targeting a 5-star Green Star Buildings v1.0 certification with the Green Building Council of Australia. The 5-star Green Star Buildings certification represents Australian excellence in better, healthier and more responsible buildings, providing significant community and environmental benefits exceeding the Subiaco Oval and Railway Design Guidelines requirements for sustainability and building on the 6-star Green Star Communities v1.1 certification achieved by Development WA for the Subiaco East Redevelopment.

Construction of the proposed development is expected to commence in 2026.

^{An artist impression of the two landmark apartment buildings at The Oval, Subiaco East.}

^{An artist impression of the podium view at The Oval, Subiaco East.}