Press Release: Sunway Property in Singapore is Now Sunway MCL, Following Completion of the MCL Land Acquisition

Kuala Lumpur / Singapore, 4 November 2025 – Malaysia’s Master Community Developer, Sunway Property, announced that following Sunway Group’s acquisition of MCL Land for S$738.7 million (RM2.42 billion), its Singapore operations will now be known as Sunway MCL, signalling a new phase of growth for the company’s regional property portfolio.

The establishment of Sunway MCL combines MCL Land’s six-decade legacy in Singapore’s residential market with Sunway’s five decades of experience as Malaysia’s leading Master Community Developer. Together, they form a strengthened platform to deliver premium, thoughtful, and sustainable developments that reflect both brands’ shared commitment to design excellence and long-term value creation.

“The establishment of Sunway MCL marks an important milestone in Sunway’s growth journey. 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,” said Datin Paduka Sarena Cheah, Executive Deputy Chair, Sunway Group.

The formation of Sunway MCL is part of Sunway Property’s long-term strategy to build an integrated regional platform for growth. By combining MCL Land’s market expertise with Sunway Property’s proven capabilities in sustainable and mixed-use developments, Sunway MCL enhances the company’s ability to invest confidently and deliver long-term value across key markets.

Sunway MCL is now one of Singapore’s most active residential developers, with nine ongoing projects totalling about 4,937 residential units and an attributable gross development value (GDV) of approximately S$4.5 billion (RM 14.9 billion). The company will continue to market and deliver all ongoing developments in Singapore – including ELTA, Nava Grove, Tembusu Grand and The Continuum – under the Sunway MCL name, reinforcing its position in the city-state’s residential market.

Operating under the leadership of Chung Soo Kiong, Managing Director of Sunway Property, Sunway MCL is helmed by Chief Executive Officer Lee Tong Voon and supported by a local management team deeply rooted in Singapore’s premium residential market. Backed by Sunway’s financial strength and integrated ecosystem across property, construction, healthcare, education and hospitality, the company will continue to create homes that are well designed, well connected and enduring in value.

“Sunway MCL carries forward a six-decade legacy of premium residential communities built on craftsmanship, care and connection. 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,” said Lee Tong Voon, Chief Executive Officer, Sunway MCL.

In addition, the acquisition includes MCL Land’s Malaysian assets, comprising development landbanks in Wangsa Maju and the Forest Heights township in Seremban, as well as Wangsa Walk Mall (NLA 330,000 sq ft). These additions complement Sunway Property’s expertise as the Master Community Developer, strengthening its foundations in Malaysia while expanding its regional footprint across key growth corridors.

A New Era for Sunway MCL

The establishment of Sunway MCL marks a new era that brings together Singaporean design heritage and Sunway Property’s forward-looking approach to community building. Guided by Sunway Property’s purpose as the Master Community Developer, Sunway MCL will continue to deliver premium, thoughtful and sustainable residential developments that contribute to the long- term progress of Singapore and the region.

Just across the border in Johor, Sunway Property is strategically positioned at both Causeway gateways through its flagship 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. Together with Sunway MCL, these developments reinforce the company’s cross-border presence and long-term vision of building connected communities between Malaysia and Singapore.

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