look like a big city there...

Group plans to set up smart logistics park and Asean automotive design hub
KUALA LUMPUR: Sunsuria Bhd has signed collaborative agreements with China’s Sinotrans Ltd and IAT Automobile Technology Co to set up a smart logistics park in Malaysia and an Asean automotive design hub, respectively.

The agreements were formalised by Sunsuria executive chairman Tan Sri Ter Leong Yap, who joined the Malaysian delegation to the Second Belt and Road Forum for International Cooperation in Beijing.

In the memorandum of understanding (MoU) with Sinotrans, the parties will collaborate on establishing and operating a Smart Logistics Park and Business in Malaysia.

“By tapping into Sinotrans’ vast experience, we are confident that Sunsuria will be able to capitalise on the Smart Logistics Park and Business at the opportune time with the strong growth of cross-border e-commerce, while the Belt and Road Initiative goes into full swing with major infrastructural projects underway,” said Ter.

Also, by leveraging on IAT’s technical expertise and international network, electric car sharing will soon be a reality in Sunsuria City, living up to the township’s “Smart, Liveable and Sustainable” concept of integrated connectivity and intelligent convenience, he said.

Ter added that the IAT collaboration is a continuation of the group’s focus on homegrown talent development. In November last year, Sunsuria and Xiamen University Malaysia inked an MoU to collaborate on internships and industrial training.

The joint venture stands to benefit from upcoming projects such as the Malaysia-China Kuantan Industrial Park, Regional Logistic Hub, East-Coast Rail Link Project Logistic and ECommerce Business, said Sunsuria in a statement.

Sinotrans is one of China’s largest third-party logistics providers and is listed on the Hong Kong Stock Exchange and the Shanghai A-Share Market.

Meanwhile, Sunsuria also signed a strategic cooperation agreement with automotive design and engineering firm IAT to form a joint-venture company to establish the Asean Automotive Design and Innovation Centre.

Apart from conducting research and development in automotive design and technology, the centre will serve as the main operations centre for obtaining a car-sharing operations licence in Malaysia and importing modified electric vehicles from China

“Sunsuria’s flagship integrated development, Sunsuria City, will be the launchpad of the first fleet of 100 imported electric vehicles,” it said.

IAT will also look into forming partnerships with schools and enterprises to cultivate Malaysian talent and services in the automotive sector.


According to International Trade and Industry Minister Datuk Ignatius Darrell Leiking, the partnership with IAT will promote technology transfer and training in the country.

source: http://mystar.newspaperdirect.com/epaper/viewer.aspx

good for investment bro..now xiamen university phase 2 on complete..now wait for phase 3

This post has been edited by mystycque: Apr 29 2019, 10:06 AM

it will take enroll 50k student when fully complete..

it go check warisan puteri house area..they sold a townhouse type..not terrace house..just wait HVO will opening soon there..there will be a booming area..trust me bro..

Another RM1.88 bil to be invested into property market
Charles Tan - December 2, 2018 8:30 AM• 5 minute read

It’s good to note that while the sentiment among first-time home buyers is not that positive, there are many investors holding a firm belief in the long-term potential of the Malaysian property market.

For instance, Indonesia’s property developer Riyadh Group is to invest US$450 million (RM1.88 billion) into two projects – revamping a mall in Shah Alam and several developments of over 10.35 ha of land in Serenia City, Sepang.

According to an article in TheStar, This will be done via a joint venture with two local firms – Mainstay Holdings Sdn Bhd and Pembinaan Tetap Teguh Sdn Bhd (PTT). Riyadh will hold a 65% stake in the JV.

A look at the two projects




The mall in Shah Alam is pretty empty even if location wise, it’s very accessible and could cater to the working population nearby. The revamp is expected to be completed in six months.

Riyadh Group’s president director, Bally Saputra said that they plan to create a “Little Indonesia” within the mall, featuring popular Indonesian cuisine, and boutiques selling Indonesian clothing designers, among others. The mall will also be renamed “Maha Karya Town Square”.

The second project with a gross development value of RM1.7 bil, is an enhancement of the planned Horizon Village Outlet development in Sepang.

Bally said, “The plans consist of a two-storey premium outlet village and six tower blocks which will house two hotels, high-end serviced apartments, as well as a Riyadh International Islamic Hospital.”

The article also quoted Bally as saying that entering the Malaysian property market when it was slow was a good opportunity.

He added, “Malaysia also has very good tourist arrivals, and we expect our project based in Sepang, being near the airports, to benefit from this.”

It’s very common for many new investments into Malaysia to start within the Greater Kuala Lumpur property market scene. This is where most of the action is.

What is important is that once these start to bear fruit, the investments should move into other major cities or towns too.

A slow market represents a great opportunity, this is true. Growth comes slowly, usually. And speculation is rife. This is the reason why developers think 10, 15 and even 20 years ahead when they buy land and build townships.

What’s missing today is a focused development of affordable homes to house as many Malaysian households as possible so that they do not miss out on property investment opportunities.

because mostly foreigner stay there..we should put rental rate in USD..hahahahha

Waiting for CCC now

just got the vacant posesion letter form Sunsuria..need to pay some more

already collected key

quality is superb.mostly have no any major defect on building. workmanship also good.really satisfied

quality is superb.mostly have no any major defect on building. workmanship also good.really satisfied