KUALA LUMPUR, October 11 – Sunway Berhad has announced the acquisition of a 17.58-acre prime freehold land in Taman Taynton, Kuala Lumpur, through its subsidiary Sunway Melawati Sdn Bhd, for RM320 million. The parcel, situated adjacent to Sunway Alishan residential development, will be transformed into a mixed-use development with an estimated gross development value (GDV) of RM3.2 billion, featuring luxury serviced apartments and a wellness-focused retail podium.
Sarena Cheah, Managing Director of Sunway Property, expressed excitement about the project, highlighting its focus on meeting the demand for integrated urban living spaces. The development, designed with Sunway’s sustainability and innovation principles, is strategically located with seamless access to key highways and public transportation, positioning it as a catalyst for growth in the surrounding area.
