Sunway Group acquires MCL Land for $738.7m

The entity’s Singapore operations will be renamed as Sunway MCL.

Sunway Group has acquired MCL Land for $738.7m.

Immediately following this, MCL Land’s Singapore operations will now be known as 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.

The formation of Sunway MCL is part of Sunway Property’s long-term strategy to build an integrated regional platform for growth.

According to Datin Paduka Sarena Cheah, Executive Deputy Chair of Sunway Group, the acquisition will deepen its presence in Singapore.

“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,” Cheah said.

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.

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