Sunway in RM210mil JV with Daiwa to build pre-fab houses

Sunway Property managing director Sarena Cheah, Daiwa House Malaysia managing director Daisuke Usugi and Sunway Property deputy managing director Tan Wee Bee showing the development of prefrabricated homes in Sunway Iskandar.

PETALING JAYA: Malaysia’s property and construction company, Sunway Bhd, has partnered with Japan’s top pre-fabricated homebuilder, Daiwa House Industry Co Ltd (DHICL) to develop the first 100 high quality pre-fabricated landed homes in Sunway Iskandar, Johor.

The deal sees its unit, Sunway Iskandar Sdn Bhd (SISB), transfer the lease of its 13-acre RM63mil land in Sunway Iskandar to the joint venture company, where Daiwa House Malaysia Sdn Bhd, DHICL’s unit, has a 70% stake and SISB 30%.