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The developer ventured into Singapore since 2007 and this year is launching three projects with a combined gross development value of RM2.44 billion. .NSTP/SHAREN KAUR

SUBANG JAYA: Sunway Property plans to launch RM3.5 billion worth of properties this year and the majority will be in Singapore.

The developer ventured into Singapore since 2007 and this year is launching three projects with a combined gross development value of RM2.44 billion.

The projects are Parc Canberra, executive condominiums worth RM560 million; Ki Residence, private condominiums worth RM1 billion; and Park Avenue Residences, executive condominiums worth RM880 million.

"We're excited as it's a big component of what we are doing this year," Sunway Berhad property division managing director, Sarena Cheah said at its first media briefing and market outlook for 2020 in Bandar Sunway, here, today.

Cheah said that Sunway Property is targeting RM2 billion in sales this year.

"100 per cent of our launches this year will be within integrated developments or are transit-linked, in-line with the continued resilient demand that we are seeing from purchasers for properties which are connected and offers great convenience," said Cheah.

Last year, Sunway Property surpassed its sales target of RM1.3 billion to reach RM1.55 billion in sales, she said.

Cheah said that Sunway Property has unbilled sales of RM2.8 billion in its books, providing earnings visibility for the company in the next two years.

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