KUALA LUMPUR (May 27): UEM Sunrise Bhd (KL:UEMS) has submitted a development application for its second Australian project at The Oval, Subiaco East in Perth, according to a press statement on Monday. 

The developer plans to build a mixed-use development comprising residential and retail units with a gross development value of A$450 million (RM1.35 billion). Spread across a 4,930 sq m site, the project will be located just beyond the boundary line of the iconic Subiaco Oval, alongside Haydn Bunton Drive.

The project will be situated on two lots — Lots 1 and 2. On Lot 1, there will be two apartment buildings with a tiered height of 25 and 35 storeys as well as 400 sq m of retail space. Lot 2, on the other hand, will have a 10-storey low-rise apartment. Altogether, the development is expected to have 340 apartment units, of which 12% will be categorised as apartments providing affordable housing in the western suburbs.

In the statement, UEM Sunrise CEO Sufian Abdullah said, “The company has had a significant presence in Australia for many years and we’re delighted to be delivering this landmark project in our first venture into Western Australia bringing a combined local and global expertise in mixed-use developments to the Perth residential market to create a vibrant and connected new community in Subiaco East.

“This proposed development will create a high-quality residential precinct at an important time in the Western Australia housing market, delivering new housing supply at scale, with more than 340 new homes for a wide range of residents. Our unique offering will appeal to individuals and families, at different stages in their lives, with greater flexibility and opportunity for intergenerational living, work-life integration and connection to a diverse community.”

UEM Sunrise is targeting a five-star Green Star Buildings v1.0 certification with the Green Building Council of Australia for this project. The five-star Green Star Buildings certification represents Australian excellence in better, healthier and more responsible buildings, providing significant community and environmental benefits exceeding the Subiaco Oval and Railway Design Guidelines requirements for sustainability and building on the six-star Green Star Communities v1.1 certification achieved by Development WA for the Subiaco East Redevelopment.

Construction of the proposed development is expected to commence in 2026.