http://www.themalaysianinsider.com/...a-malaysian-capitaland-with-sunrise-takeover/
UEM aims to become the Malaysian's Capitaland.
The way I see it, UEM is trying to become like Capitaland. Setia is more like Far East Organisation.
The all Malaysian GLCs now are very much different from the past Mahathir led GLCs. The Khazanah group is now better managed. So things can become much better.
But there is a big advantage for them. How they even tendered to become the master developer of Nusajaya is still unknown. So they are able to clinch contracts from the government and sub contract out (they call it Ali BABA). They JV with UM land, Gamuda Land, Temasek, sold a big portion to the middle easterns (Medini). In Singapore, Capitaland, Keppel Land or any other GLC developer has to bid for land openly and fairly.
Another big advantage for being the master developer, UEM can do lots of land planning, it advice where to build a new coastal highway that will benefit it's own development all using tax payer's money to fund the project.
This is just one example.
They had also converted some leasehold development in Danga Bay to freehold, so easy to approve meh?
Sutera development is well managed because we know Cap and Kep are experts. Not just in residential area, but the MALL too! They have done very well in management and layout of shoplots. I agree too, they are able to turn a wet swamp land and plantation in a so so area around.
I think UEM is slowly gaining experience and expertise since taking over sunrise. They have less to lose.
Hard to answer your question leh, because things are changing! Last time where got Iskandar Malaysia!
