Sunway Bhd is eyeing RM2.8 billion worth of property launches for its property division this year, with 40% of the projects to be developed in Malaysia.
Cheah said the development in Malaysia would take RM1.1 billion in gross development value , with all to be built within the Klang Valley, namely, Sunway Belfield Tower A, Kuala Lumpur and Sunway Artessa Wangsa Maju in the first quarter , D’Hill, Sunway Damansara and Jernih Residence, Kajang in Q3. Among ongoing projects, Sunway Hotel Big Box in Johor is expected to be completed in Q4 with total development cost of RM160 million, expansion on the Sunway Carnival Mall to be completed in 2Q22 and Sunway Medical Center’s expected completion in 2Q22 with TDC of RM600 million as well.
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