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- Three parcels have been acquired in Puchong and USJ 1, Selangor, and in Georgetown, Penang, as part of Sunway’s nationwide expansion strategy.
KUALA LUMPUR (Jan 5): Sunway Bhd has acquired three prime land parcels in Puchong and USJ 1, Selangor, and in George Town, Penang, for a total of RM179.8 million.
Collectively spanning close to nine acres, the sites have a combined estimated gross development value (GDV) of over RM1 billion and are earmarked for mixed-use developments integrating residential, retail, and lifestyle components.
“The acquisitions align with Sunway’s strategy to expand its footprint in high-demand urban centres and deliver well-connected, sustainable communities,” stated the company in a media release.
In Puchong, via its subsidiary Sunway Kiara Sdn Bhd, Sunway has entered into a Sale and Purchase Agreement (SPA) with Glomac Al-Batha Sdn Bhd to acquire a 6.77-acre leasehold parcel for RM97.3 million.
Located with direct access to the Damansara–Puchong Expressway (LDP) and Shah Alam Expressway (Kesas), the land is earmarked for a mixed-use development with an estimated GDV of RM770 million.
The proposed project will feature serviced apartments integrated with neighbourhood retail components, designed to support a vibrant, sustainable urban lifestyle aligned with evolving city-living trends.
In USJ 1, through its wholly-owned subsidiary Rich Worldclass Sdn Bhd, Sunway has entered into a SPA with Yong Poh Heong and Yong Mei Yen, in their capacity as administrators of the estate of the late Yong Peng Seng @ Yong Peng Sin, to acquire a 1.12-acre freehold parcel for RM21 million.
The newly acquired parcel adjoins Sunway’s existing 2-acre freehold land in USJ 1, enabling the group to consolidate over three acres of prime land directly adjacent to the South Quay–USJ 1 BRT Station. Located just minutes from Sunway City Kuala Lumpur—home to Sunway Pyramid, Sunway Medical Centre, and Sunway University—the enlarged footprint has accessibility to a mature ecosystem of lifestyle, education, healthcare, and retail amenities
The consolidation allows Sunway to plan a comprehensive, transit-oriented development that enhances liveability, connectivity, and long-term community value.
In George Town, Penang through its wholly-owned subsidiary Sunway Bintang Sdn Bhd, Sunway has entered into a SPA with Technisense Sdn Bhd to acquire a 1.05-acre freehold parcel along Jalan Pangkor for RM61.451 million.
Located about 500m from the Gurney Bay seafront, the site offers accessibility and connectivity to nearby landmarks including Gurney Plaza, Gurney Paragon Mall, and major medical facilities such as Island Hospital and Gleneagles Penang.
Its prime location within one of Penang’s most established districts makes it ideal for a mixed-use, tourism-oriented development catering to both residents and visitors. With an estimated GDV of approximately RM274 million, the proposed development will comprise serviced apartments and retail components.
“These acquisitions are part of our long-term strategy to strengthen Sunway’s presence in key growth corridors while replenishing our landbank with prime, well-located sites. Puchong and USJ 1 will allow us to introduce integrated, transit-oriented developments within mature townships, while our expansion into Georgetown reinforces our confidence in Penang’s continued growth as a regional hub for investment and tourism. Collectively, these acquisitions position us to deliver sustainable value and growth for our stakeholders,” said Chung Soo Kiong, managing director of Sunway Property.
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