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.
As part of the bigger Sunway City Kuala Lumpur in Subang Jaya, Selangor, the development has 473 rooms for lease.
Sunway d’hill Residences, launched in 2022, has achieved a 70% take-up rate for its 976 apartment units.
The new site is located within the integrated Sunway Velocity TWO development, building on the momentum from their first joint effort at Sunway Putra, which reached full occupancy within a month.
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