Oval precinct is the first precinct to be developed as part of the project. Credit: Roman Babakin via Shutterstock.

The Western Australian (WA) Government has chosen Malaysia-based property developer UEM Sunrise for the Subi East redevelopment project.

UEM will serve as the developer of Lots 1 and 2 at the Oval precinct, which is estimated to add approximately 430 new housing units in the area.

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Subject to development permission, the construction of Lots 1 and 2 is expected to contribute to the regeneration of the overarching Subi East project, which encompasses 1909 and the Oval precinct.

Lot 1 is planned to be built up to 30 storeys while Lot 2 by up to 11 storeys. Up to 12% of the units in Lots 1 and 2 are set to be listed as affordable housing.

Oval is one of many main precincts and the first to be developed at Subi East, which will provide new houses for 4,000 residents alongside shopping, entertainment, and dining options.

Furthermore, the 35ha redevelopment project will feature a range of new community amenities such as public open spaces, play areas and sports facilities.

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WA Housing Minister John Carey said: “Subiaco is set to benefit from the addition of quality, high-density housing options, which will ultimately transform the entire project area and help revitalise and grow the entertainment precincts of Subiaco and West Leederville.

“The affordable housing component at the Oval will not only provide a housing boost in terms of new dwellings. It will also create more housing options and diversity for those looking to live, work and play close to the Perth CBD [central business district].

“Across the entire Subi East redevelopment, a variety of housing solutions will be delivered, with about 15% of the total 1,000 new dwellings expected to be delivered as social housing across the Oval precinct.”