Integrated Annual Report 2024
Integrated Annual Report 2024
We are pleased to present our Integrated Annual Report 2024 for the year ended 31 December 2024 (FY2024).
Form to FUTURE
At UEM Sunrise, Form to FUTURE represents our vision of shaping the future of real estate by prioritising equitable access to sustainable community living. Our commitment extends beyond development, integrating innovative, responsible and thoughtful designs to create not just physical space but thriving, future-ready communities. We consider the profound impact on surrounding communities, the environment and the economy.
Building on the foundation set in our Integrated Annual Report (IAR) 2023, in IAR 2024, we sharpened our focus on six key elements (out of 17) of our DNA: Placemaking & Activation, Renewable Energy, Sustainable Infrastructure Planning, Inclusive Developments, Biodiversity Preservation and Attainable & Affordable Housing.
Our journey from Form to FUTURE is about more than just development. It is about shaping a sustainable, inclusive and resilient tomorrow for generations to come.
Message from our Chairman
We should be very clear about something. We are, still, ultimately a large company, with approximately RM12.8 billion in assets, supported by RM6.9 billion in shareholders’ equity.
Officer in Charge’sReview
We made strong headway in our U2030 transformation, repositioning UEM Sunrise as a more balanced and resilient real estate player by 2030. With key milestones achieved in 2024, I am confident we are well-placed to accelerate value creation for our business and our stakeholders.
Financial Highlights
Sales Achieved
RM0.0 billion
FY2023: RM2.1 billion
Revenue
RM0.0 billion
FY2023: RM1.3 billion
Gross Profit
RM0.0 million
FY2023: RM473.7 million
Profit After Tax and Non-Controlling Interests
RM0.0 million
FY2023: RM75.7 million
Balance Sheet Highlights
Total Equity
RM0.0 billion
FY2023: RM6.9 billion
Cash, Bank Balances, Deposits and Short Term Investments
RM0.0 billion
FY2023: RM1.1 billion
Net Gearing Ratio
0.00 times
FY2023: 0.45 times
Dividend Payout Ratio
0%
FY2023: 50%
Business Highlights
Landbank to be Developed
0 acres
With remaining GDV of RM90.9 billion
Ongoing Residential Projects
0 projects
With GDV of RM23.5 billion
Completed Inventories
RM 0 million
FY2023: RM 127.4 million
Launched GDV
RM 0 million
Number of Units Sold
0 units
FY2023: 1,755 units
Launched HomeClick Our Digital Platform
7,143
Visitors
111
New accounts created
Sustainability Highlights
Participated in S&P Global Corporate Sustainability Assessment (CSA)
Guided by our Sustainable Development Design Guidelines (SDDG), a set of principles and best design practices for sustainable development
Safety and Health Assessment System in Construction (SHASSIC) five-star ratings for eight projects, with an average score of 97.3%
An average Quality Assessment System for Building Construction Works (QLASSIC) score of 85.5% across two projects
Several of our developments hold industry-recognised Green Building Certifications, including:
Residensi Astrea Mont’Kiara
Green Mark
The MINH
GreenRE Gold (Provisional)
Allevia
GreenRE Gold (Provisional)
KAIA Heights
GreenRE Silver (Provisional)
The Connaught One
GreenRE Bronze (Provisional)
Residensi Solaris Parq
GreenRE Bronze
Silver Sponsor for Design Green 2024, a knowledge-sharing platform curated to promote thought leadership in sustainable design.
Concluded an extensive review of our GHG emissions inventory 2023 (re-baselining) and 2024; included 46 facilities and expanded our operational boundaries to include fertiliser usage, fugitive refrigerant and land-use changes.
Our Strategy Roadmap
The U2030 Transformation Plan
The launch of our U2030 Transformation Plan in December 2023 set the course for reshaping our business for sustainable growth and resilience. The first year of this journey has yielded positive results, demonstrating steady progress.
The U2030 Strategy House below illustrates our overall transformation plan, while the four Strategic Thrusts outline our key initiatives, achievements, risks and challenges throughout our transformation journey.
Drive Sustainable Revenue Stream
Catalyse Southern Region Potential
Scale New Growth Segments
Advance Sustainability Agenda
Financial Review
Revenue (RM’000)
Operating Profit (RM’000)
Shareholders' Equity (RM’000)
Total Assets (RM’000)
Earnings/(Losses) Per Share (sen)
Net Assets Per Share (RM)
Central Region
The Central region remains integral to UEM Sunrise’s portfolio, anchored by high-value developments in key urban locations within the Klang Valley with commitment to delivering quality urban living experience.
Ongoing Projects
10
NLA of Commercial Retail Assets
484,674 sqft
Remaining GDV
RM 28.9 billion
Remaining Landbank
504 acres
Retail and Commercial Assets
6
Southern Region
In Johor, we continue to develop integrated townships in Iskandar Puteri, guided by master plans that leverage our extensive landbank and strategic location through key projects in Gerbang Nusajaya and Puteri Harbour.
Total Ongoing Launched GDV
RM 13.2 billion
Remaining GDV
RM 60.6 billion
Total Land Area
6,593.0 acres
Remaining Land Area
4,661.9 acres
Persada PLUS, Persimpangan Bertingkat Subang, KM15, Lebuhraya Baru, Lembah Klang, 47301 Petaling Jaya, Selangor Darul EhsanDirection to Venue
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