Sunway Acquires Prime Freehold Land in Kuala Lumpur for a RM3.2 Billion Mixed-Use Development

Sunway Acquires Prime Freehold Land in Kuala Lumpur for a RM3.2 Billion Mixed-Use Development

Sunway Berhad (“Sunway” or “Group”), through its wholly-owned subsidiary Sunway Melawati Sdn Bhd, has entered into a Sales and Purchase Agreement (“SPA”) with Viva Impian Sdn Bhd (“VISB”) to acquire a parcel of 17.58-acre prime freehold land in the thriving neighbourhood of Taman Taynton, Kuala Lumpur for a purchase consideration of RM320 million (“Proposed Land Acquisition”).

The Proposed Land Acquisition is strategically situated adjacent to Sunway Alishan residential development.  

The parcel of land is earmarked for a mixed-use development, with an estimated gross development value (“GDV”) of RM3.2 billion. The proposed development will integrate opulent serviced apartments offering a unique urban living experience with a vibrant wellness-focused retail podium featuring health and wellness clinics.

In line with Sunway’s ongoing commitment to sustainability, the project will be designed with the Sunway Design and Development Architecture (SDDA) as its governing design philosophy to deliver unrivalled Sustainability, Innovation, Health and Wellness, and Lifestyle and New Experiences for the community.

Sarena Cheah, Managing Director of Sunway Property, the Group’s property arm, expressed her enthusiasm for the project, stating: “The proposed acquisition represents an exciting opportunity to meet the growing demand for high-quality, integrated developments in Kuala Lumpur. Our vision  is to create a holistic community space centered on wellness that serves the evolving needs of modern urban lifestyles. We are confident that this development will catalyse and elevate the growth in the surrounding area.”

Strategically located with direct access from the Middle Ring Road 2 (“MRR2”), the development is seamlessly connected to key highways including the Shah Alam Expressway (“KESAS”), Grand Saga Highway, East-West Link, and Maju Expressway (“MEX”). The site is located 500 m away from the Ekocheras bus stop/taxi stand, 800 m away from Taman Mutiara MRT station, 5 km away from the Cheras LRT station and 6.3 km from the Terminal Bersepadu Selatan (TBS). 

Sunway Property will work closely with local stakeholders and planning authorities to ensure the development meets the highest standards of quality, safety, and environmental responsibility. This new endeavor reaffirms Sunway Property’s position as a leader in innovative, sustainable urban developments, continuing its legacy of building thriving communities that stand the test of time.

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