SUNWAY'S UNIT ACQUIRES FREEHOLD LAND IN KL FOR RM320 MLN

KUALA LUMPUR, Oct 2 (Bernama) -- Sunway Bhd’s wholly-owned subsidiary, Sunway Melawati Sdn Bhd, has entered into a sales and purchase agreement with Viva Impian Sdn Bhd (VISB) to acquire a parcel of land for RM320 million in Cheras, here.

In a statement today, the group announced that the proposed acquisition involves a prime 7.11-hectare freehold parcel in Taman Taynton, strategically situated adjacent to the Sunway Alishan residential development.

“The parcel is earmarked for a mixed-use development, with an estimated gross development value of RM3.2 billion.

“The proposed development will feature opulent serviced apartments, offering a unique urban living experience alongside a vibrant wellness-focused retail podium that includes health and wellness clinics,” it said.

Sunway Property managing director Sarena Cheah said the 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 centred on wellness, serving the evolving needs of modern urban lifestyles.

“We are confident that this development will catalyse and elevate growth in the surrounding area,” she said.

Additionally, the company confirmed that Sunway Property will collaborate closely with local stakeholders and planning authorities to ensure the development meets the highest standards of quality, safety and environmental responsibility.

“This new endeavour reaffirms Sunway Property’s position as a leader in innovative, sustainable urban developments, continuing its legacy of building thriving communities that withstand the test of time,” she added.

-- BERNAMA