Sunway City buys Sterling Paradise for RM15m

Sunway Property managing director, Sarena Cheah said: “The proposed freehold, close-to-transit, development will match the current demand, especially for upper-middle income millennials who has flocked to Bukit Jalil in search for a greener environment, great accessibility and great amenities close to the city centre.”

KUALA LUMPUR: Sunway Bhd’s unit, Sunway City Sdn Bhd is buying Sterling Paradise Sdn Bhd for RM15mil with the rights to 11.8 acres of prime freehold land in the mature neighbourhood of Mutiara Bukit Jalil.

It said on Friday it had signed an agreement to acquire 100% of Sterling Paradise which owns the 47 parcels of land with a potential residential-led mixed-use scheme.