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- The new entity currently has nine ongoing residential developments in Singapore, comprising 4,937 units with an attributable gross development value (GDV) of S$4.5 billion (RM14.9 billion).
KUALA LUMPUR (Nov 3): Sunway Property has rebranded its Singapore operations as Sunway MCL, following Sunway Group’s S$738.7 million (RM2.42 billion) acquisition of MCL Land.
According to a press release last Friday, the new entity currently has nine ongoing residential developments in Singapore, comprising 4,937 units with an attributable gross development value (GDV) of S$4.5 billion (RM14.9 billion).
Projects under the Sunway MCL name include ELTA, Nava Grove, Tembusu Grand and The Continuum.
“The establishment of Sunway MCL marks an important milestone in Sunway’s growth journey,” said Datin Paduka Sarena Cheah, the executive deputy chair of Sunway Group.
“Singapore has always been a key market for us, and this step reinforces our long-term commitment to building sustainable communities that create lasting value. Through Sunway MCL, we are deepening our presence in one of Asia’s most dynamic property markets and strengthening the group’s foundation for the future.”
The rebranding integrates MCL Land’s six-decade history in Singapore’s residential market with Sunway’s five decades of experience in Malaysia, forming a platform to deliver sustainable, mixed-use communities.
Sunway MCL is led by chief executive officer Lee Tong Voon, with oversight from Chung Soo Kiong, the managing director of Sunway Property.
“Sunway MCL carries forward a six-decade legacy of premium residential communities built on craftsmanship, care and connection,” said Lee.
“Our focus is on creating homes that embody timeless elegance and enduring warmth, reflecting our commitment to delivering spaces that feel both personal and lasting in value.”
The acquisition also includes MCL Land’s Malaysian assets, comprising development land banks in Wangsa Maju and the Forest Heights township in Seremban, as well as the Wangsa Walk Mall with a net lettable area of 330,000 sq ft.
These additions are said to reinforce Sunway Property’s position as a master community developer, expanding its regional footprint and strengthening its base in Malaysia.
Sunway Property also maintains a cross-border presence through its flagship developments in Johor, including Sunway City Iskandar Puteri, a 2,000-acre township at the Second Link, and the upcoming Bukit Chagar RTS transit-oriented development at the First Link.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
