PETALING JAYA: Sunway City Bhd (SunCity) is looking at a strong recovery from the dampened sales inflicted by the global financial crisis and plans to move on with its planned property projects both locally and abroad. According to SunCity managing director for property development Ngian Siew Siong, the local property market had not been too badly impacted by the global crisis and it should recover quite fast.

PETALING JAYA: Sunway City Bhd (SunCity) will implement sustainable landscaping practices in its future property developments. Managing director for property development Ngian Siew Siong said the company was “very serious” and committed to its corporate responsibility of promoting the concept of sustainable development. “For this purpose, we are designing buildings that are not only visually pleasing but also economically viable by making sure that these buildings are environmentally sustainable and durable,” he said yesterday.

Sunway City Bhd’s (SunCity) wholly-owned subsidiary Sunway Platinum Success Sdn Bhd has secured a RM132mil Musharakah Mutanaqisah term financing-i facility from Maybank Islamic Bhd. In a filing with Bursa Malaysia, SunCity said loan was to refinance the existing term loans granted by HSBC Bank Malaysia Bhd and OCBC Bank (M) Bhd, which were obtained to part-finance the construction of Monash University Sunway campus. Sunway Platinum, a property investment company, has an authorised and paid-up share capital of RM100,000 and RM2 respectively.