Sunway wins bid for land in Singapore

HLIB Research said the acquisition replenishes Sunway’s Singapore landbank after two private condominium launches in 2023.

PETALING JAYA: Sunway Bhd’s prospects remain bright, driven by growth in its healthcare, property development, and construction segments.

Hong Leong Investment Bank (HLIB) Research said this following a successful joint bid by Sunway Developments Pte Ltd (SDPL) and Hoi Hup Realty Pte Ltd of S$423.38mil (RM1.5bil) for a 4.95 acre piece of land in Singapore.