KUALA LUMPUR: Sunway Bhd
has acquired three land parcels in Selangor and Penang for RM179.8mil as part of efforts to replenish its development landbank and strengthen its future project pipeline.
In a statement, the group said the acquisitions involved sites in Puchong and USJ 1 in Selangor, as well as George Town in Penang, with a combined land area of about 3.62 ha and an estimated gross development value (GDV) exceeding RM1bil.
“The acquisitions align with Sunway’s strategy to expand its footprint in high-demand urban centres and deliver well-connected, sustainable communities,” it said.
In Puchong, Selangor, Sunway via its subsidiary Sunway Kiara Sdn Bhd entered into a sale and purchase agreement with Glomac Al-Batha Sdn Bhd to acquire a 2.74-ha leasehold parcel for RM97.3mil.
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