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SUNSURIA BERHAD (8235-K) 11
ANNUAL REPORT 2017
EXECUTIVE

CHAIRMAN’S STATEMENT
(cont’d)

OVERVIEW environment that will also draw more Lastly, we will continue to actively seek
Sunsuria has achieved commendable footprints, including tourists, to the opportunities to further expand our
growth in revenue and net profit in township, which will further enhance the landbank as part of the Group’s long-
FY2016 despite the challenging domestic value and sustainability for both residents term growth strategies.
and international economic environment and investors of Sunsuria City.
caused by a host of factors including AWARDS AND ACHIEVEMENTS
plummeting crude oil prices, Bank With Sunsuria City, we hope to create Sunsuria continues to garner recognition
Negara Malaysia’s cooling measures, a new intelligent city that will co-exist as a conscientious developer who
strict lending guidelines affecting with and complement Xiamen University seeks to make real impact in the
mortgage availability,the withdrawal of Malaysia, a world-class research university communities residing within and
RPGT exemption, and generally weak and also the first overseas campus of a around our developments, particularly
consumer confidence. This challenging top-ranked university from China. We with landmark projects that shape the
economic overtone is expected to are confident that this will become an landscape of Malaysia’s nation building
overflow into 2017. international landmark. and development progress. Notable
awards won by Sunsuria in 2016 include
Nevertheless, the property industry In addition, our vision is for Sunsuria “The Edge Top 30 Property Developers
has immense potential for growth due City to be a community filled with Award”; “Top 10 Developers Award”
to the underlying belief that property insights and knowledge, where the little by Property Insights; “Best Sustainable
investments are relatively safe assets with touches within the township, such as Township Development” by Property
long-term prospects for capital growth. park benches, pedestrian walkways and Insights; “Best Township Development”
Thus, despite the current subdued landscape designs in public spaces, will by iProperty.com Malaysia People’s
market sentiments, we remain confident inspire a curiosity to learn more about Choice Awards; and the Noble Excellence
that Sunsuria’s focus on property the arts and cultures from other parts Awards 2016 as the “National Catalytic
development as well as commitment of the world. This means more than Developer”.
towards developing properties with the just creating a smart city with a high-
utmost standards of quality and reliability tech infrastructure and facilities. In fact, DIVIDEND
will continue to propel Sunsuria towards we hope to create a livable community In line with our growth strategy, the Board
greater heights and success. that constantly grows in knowledge and has not recommended the payment of
strives for improvements. any dividend for the financial year ended
OUTLOOK AND FUTURE PROSPECTS 30 September 2016 (2015: Nil).
In terms of Sunsuria’s future growth, For the Financial Year 2017 (“FY2017”),
we will continue to nurture the major Sunsuria is planning to launch several ACKNOWLEDGEMENT
development projects that we began in projects with a Gross Development Value On behalf of the Board of Directors of
the previous year. of RM1.55 billion, with Sunsuria City Sunsuria, I wish to express my heartfelt
contributing 65% of these launches. appreciation to all our shareholders,
Our flagship project, Sunsuria City, will business partners, associates, customers,
be launched in phases over the next We are looking forward to launching our suppliers, local authorities and other
10 years. It will consist of integrated first residential developments at Sunsuria stakeholders for your continuing support
commercial developments comprising City, initially with The Olive condominium and cooperation throughout the years. I
retail units, shops and office lots; and subsequently with Bell Suites would also like to take this opportunity
residential developments comprising serviced apartments, which will face to thank the Board of Directors and
condominiums, bungalows, villas, semi- the main entrance of Xiamen University all Sunsurians for your unwavering
detached units, terraced houses and Malaysia. We will also be launching a commitment to Sunsuria – you are the
townhouses; and mixeddevelopments landed residential development known reason why we continue to succeed.
such as serviced apartments, SOHOs, as Monet Residences, comprising 519
hotel, shopping mall and corporate office units of terraced houses and 360 units of
buildings. townhouses.

Based on the key principles of Smart, We will also focus on a mixed commercial
Livable and Sustainable, our key focus is development in Setia Alam called The
to build homes, workplaces and lifestyle Forum (Phase 2), which comes under the
developments within a township that Group’s 51%-owned subsidiary, Sunsuria
is future-ready for the new generation Forum Sdn Bhd. The first phases of The
of buyers. Furthermore, we are keen Forum (Phase 2) are expected to be
to create a refreshing and attractive launched by the final quarter of FY2017.