Sunway Group is paying S$738.7 million (RM2.4 billion) deal to buy the Singaporean and Malaysian residential development business MCL Land from Hongkong Land Holdings.

The Penang property market is showing signs of stabilisation after the post-pandemic rebound, with both transaction volume and value holding steady.

Developers must change how they approach bumiputera lot sales, shifting from a “compliance mindset” to genuine demand-matching if they want to clear stocks faster.

Sunway Construction Group Bhd (KL:SUNCON) is divesting its entire 40% stake in Engie-Sunway DCS Sdn Bhd to Sunway Bhd’s (KL:SUNWAY) facilities management arm, Sunway Property & Facility Management Sdn Bhd (SPFM), for RM10.98 million cash.

Sunway Bhd’s (KL:SUNWAY) fully-owned subsidiary, Sunway Iskandar Development Sdn Bhd (SIDSB), has set up a perpetual medium-term note (MTN) programme of up to RM2 billion to fund its flagship Johor township project.

Gamuda Bhd (KL:GAMUDA) said a consortium comprising its Singapore subsidiary and two other companies has submitted the highest bid of S$1.01 billion (about RM3.33 billion) in a tender for a mixed-use residential and commercial site in Singapore.

Sunway Bhd (KL:SUNWAY) and its local partner have secured another residential site in Chuan Grove, Singapore after submitting the best bid at S$623.91 million (RM2.05 billion).

Arra Residences by The Puncakdana Group introduces a new benchmark for transit-oriented living in the heart of Ara Damansara.

Gamuda Bhd (KL:GAMUDA) said on Thursday it is partnering with Taylor's Education Group to redevelop a prime commercial site in SS15, Subang Jaya.

With a gross development value of more than RM30 billion over 1,800 acres of land, Sunway Iskandar is one of the largest township projects in the country and comprises six precincts – The Lakeview, The Parkview, The Riverside, The Marketplace, The Seafront and The Capital. Each precinct is designed to be self-sustainable while offering a wide range of amenities.