PETALING JAYA: Sunway Bhd had announced the acquisition of three land parcels, located in Selangor (Puchong and USJ 1), and Penang (Georgetown) for a total of RM179.8mil. Collectively spanning close to nine acres, the parcels are earmarked for mixed-use developments with an estimated gross development value (GDV) of over RM1bil, the group said.

“These acquisitions are part of our long-term strategy to strengthen Sunway’s presence in key growth corridors while replenishing our landbank with prime, well-located sites. Puchong and USJ 1 will allow us to introduce integrated, transit-oriented developments within mature townships, while our expansion into Georgetown reinforces our confidence in Penang’s continued growth as a regional hub for investment and tourism,” said Sunway Property managing director Chung Soo Kiong.

The parcel in Puchong, measuring 6.77 acres, has direct access to the Damansara–Puchong Expressway (LDP) and Shah Alam Expressway (KESAS). Acquired for RM97.3mil, it is earmarked for a mixed-use development with an estimated GDV of RM770mil. The proposed project will feature serviced apartments integrated with neighbourhood retail components, designed to support a vibrant, sustainable urban lifestyle aligned with evolving city-living trends.

The acquisition in USJ 1 measures 1.12 acres and enables the consolidation of three acres of land adjacent to the South Quay–USJ 1 BRT Station. Located just minutes from Sunway City Kuala Lumpur, Sunway said the enlarged footprint allows for excellent accessibility to the lifestyle ecosystem consisting of Sunway Pyramid, Sunway Medical Centre, and Sunway University, as well as enabling the group to plan for a comprehensive transit-oriented development. The acquisition totals RM21mil. 

In Georgetown, Sunway acquired the 1.05-acre plot for RM61.45mil. Located about 500 metres from the Gurney Bay seafront, Sunway said the proposed development will comprise serviced apartments and retail components. 

“Collectively, these acquisitions position us to deliver sustainable value and growth for our stakeholders,” Chung added. 

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