Following the completion of Sunway Group’s acquisition of MCL Land for $738.7 million , its Singapore operations will now be known as Sunway MCL, signalling a new phase of growth for the company’s regional property portfolio. The establishment of Sunway MCL combines MCL Land’s six-decade legacy in Singapore’s residential market with Sunway’s five decades of experience as Malaysia’s leading Master Community Developer.
“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. Through Sunway MCL, we are deepening our presence in one of Asia’s most dynamic property markets and strengthening the Group’s foundation for the future,” said Datin Paduka Sarena Cheah, Executive Deputy Chair, Sunway Group.
The formation of Sunway MCL is part of Sunway Property’s long-term strategy to build an integrated regional platform for growth. By combining MCL Land’s market expertise with Sunway Property’s proven capabilities in sustainable and mixed-use developments, Sunway MCL enhances the company’s ability to invest confidently and deliver long-term value across key markets. Sunway MCL is now one of Singapore’s most active residential developers, with nine ongoing projects totalling about 4,937 residential units and an attributable gross development value (GDV) of approximately $4.5 billion (RM 14.9 billion). The company will continue to market and deliver all ongoing developments in Singapore - including ELTA, Nava Grove, Tembusu Grand and The Continuum - under the Sunway MCL name.
Sunway MCL Chief Executive Officer Lee Tong Voon and the local management team will be operating under the leadership of Chung Soo Kiong, Managing Director of Sunway Property. “Sunway MCL carries forward a six-decade legacy of premium residential communities built on craftsmanship, care and connection. Our focus is on creating homes that embody timeless elegance and enduring warmth, reflecting our commitment to delivering spaces that feel both personal and lasting in value,” said CEO Lee.
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. These additions complement Sunway Property’s expertise as the Master Community Developer, strengthening its foundations in Malaysia while expanding its regional footprint across key growth corridors.
