Sunway to take ‘more active’ approach in Singapore property after MCL Land acquisition

Sunway Group is set to adopt a more proactive strategy in Singapore's property market following its acquisition of MCL Land from Hongkong Land. Executive deputy chair Sarena Cheah indicated that while the company has previously partnered with local developers, it will now actively pursue land tenders and projects. The acquisition, valued at S$738.7 million, enhances Sunway's presence in Singapore, with total investments exceeding S$1.2 billion since July 2025. The group plans to focus on residential developments initially, leveraging its expertise as a master community developer.