News about Sunway

Sunway will assume ownership of MCL Land and its subsidiaries, including ongoing development projects in Singapore as well as its portfolio of income-generating and development assets in Malaysia.

The move, which forms part of an intra-group restructuring exercise, will allow SunCon to streamline operations and sharpen its focus on core construction and related services, SunCon said.

SIDSB, which is developing a 1,300-acre mixed-use area in Pendas as part of Sunway City Iskandar Puteri (SCIP), lodged the programme with the Securities Commission of Malaysia.

The win is the second by the 35:65 joint venture of Sunway and Sing Holdings in Chuan Grove, coming on the heels of its acquisition of an adjacent parcel measuring 3.

Sunway Maple Residence, developed by Sunway Iskandar Development Sdn.

Sunway Construction retains the discretion to postpone or defer the project, or any portion of it, by up to six months.

Located 13km from Johor Bahru city centre, Sunway LakeHills is accessible via the Eastern Dispersal Link Expressway, Tebrau Highway, East Coast Expressway and the upcoming RTS Bukit Chagar station.

"Even so, given its strong brand equity and parentage, we think SunCon will be able to recover from this event without impacting its new order wins materially over the longer term.

“SunCon is also currently seeking legal counsel to evaluate the appropriate actions to be taken on certain sub-contracts and parties.

Located within the Mukim of Rawang in the Gombak district, the site is accessible via the LATAR Expressway and is near the Kuang Industrial Area and Rawang Industrial Park.