KUALA LUMPUR - Sunway Bhd has acquired three land parcels in Selangor and Penang for RM179.8 million to replenish its landbank and support future property projects.

The group said in a statement that the acquisitions cover sites in Puchong and USJ 1 in Selangor and George Town in Penang, with a combined land area of about 3.62 hectares and an estimated gross development value (GDV) of more than RM1 billion.

"The acquisitions align with Sunway’s strategy to expand its footprint in high-demand urban centres and deliver well-connected, sustainable communities,” it said in a statement yesterday.

In Puchong, Sunway, through its subsidiary Sunway Kiara Sdn Bhd, signed a sale and purchase agreement with Glomac Al-Batha Sdn Bhd to acquire a 2.74 hectare leasehold parcel for RM97.3 million.

The group said the site, which has direct access to the Damansara - Puchong Expressway and Shah Alam Expressway, is planned for a mixed-use development with an estimated GDV of RM770 million, including serviced apartments and neighbourhood retail spaces.

Separately, Sunway, via its wholly owned unit Rich Worldclass Sdn Bhd, acquired a 0.45 hectare freehold parcel in USJ 1 for RM21 million.

The group said the land adjoins its existing 0.81 hectares of freehold property, allowing the consolidation of about 1.26 hectares near the USJ 1 Bus Rapid Transit (BRT) station.

"The consolidation allows Sunway to plan a comprehensive, transit-oriented development that enhances liveability, connectivity, and long-term community value,” it stated.

In George Town, Penang, Sunway, through its unit Sunway Bintang Sdn Bhd, acquired a 0.42 hectare freehold parcel along Jalan Pangkor for RM61.45 million.

The group said the site, located about 500 metres from Gurney Bay, has an estimated GDV of around RM274 million and will be developed into a mixed-use project with serviced apartments and retail components.

Sunway Property managing director Chung Soo Kiong said the acquisitions form part of the group’s long-term plan to strengthen its presence in key growth areas while replenishing its landbank.

"Puchong and USJ 1 will allow us to introduce integrated, transit-oriented developments within mature townships, while our expansion into George Town reinforces our confidence in Penang’s continued growth as a regional hub for investment and tourism,” he said.

Experts say the projects are expected to generate construction-related jobs in a sector that relies heavily on migrant labour. 

Foreign workers make up more than half of Malaysia’s construction workforce, mainly from countries such as Indonesia, Bangladesh and Nepal, especially for large-scale residential and mixed-use developments.

Sunway said all developments will follow its design and development architecture framework, which emphasises sustainability, innovation, health and wellness, and lifestyle needs.

"Sunway will collaborate closely with local stakeholders and planning authorities to ensure the projects meet the highest benchmarks of quality, safety, and environmental responsibility, in line with the group’s vision of creating thriving, future-ready communities,” it said.