PERTH (NOV 18): UEM Sunrise Bhd (KL:UEMS) has received development approval for its 0.49ha site in Perth, Australia for a mixed-use development with a gross development value potential of A$450 million.

In a press statement issued on Monday, the developer said that the approval, which involved Lots 1 and 2 at The Oval within Subiaco East, was issued by the Western Australian State Government’s central land and development agency, DevelopmentWA. It is also the first mixed-use project approved within the Subiaco East masterplan.

Targeting the intergenerational living with multi-family residences, UEM Sunrise is set to transform the lots into tiered heights of 36 and 26 storeys for Lot 1, and 11 storeys for Lot 2, offering a mix of one- to three-bedroom apartments and townhouses with diverse amenities.

“This project is not only about introducing our unique UEM Sunrise experience to Perth but also about supporting the local market by helping to fulfil pressing housing demands and creating a sustainable, inclusive community. Through this development, we are showcasing our expertise in innovation, quality and design excellence on a global stage,” said UEM Sunrise CEO Sufian Abdullah in the statement, adding that some 12% of the total units in the development are affordable housing.

Set to target a five-star Green Star rating under the new Green Star v1.0 standard, the development features community-oriented facilities, including infrastructure support for events at Heritage Gates park and storage for local football clubs at The Oval, along with 400 sq m ground-floor retail space in Lot 1. The development is set to commence construction in 2026.