Malaysian Billionaire Jeffrey Cheah’s Sunway To Buy MCL Land In Singapore Property Push

Malaysian Billionaire Jeffrey Cheah’s Sunway To Buy MCL Land In Singapore Property Push

Sunway has been stepping up investments in the city-state, which has recorded robust residential sales in recent months despite prevailing property curbs.

Sunway buys Hongkong Land’s MCL Land for RM2.42bil

PETALING JAYA: Sunway Bhd has sealed its largest-ever acquisition with a RM2.42bil deal to acquire Hongkong Land's Singapore and Malaysian residential development arm, MCL Land, the deal representing a major milestone in Sunway's strategy to expand its regional property footprint.

Sunway buys MCL Land from HK group for RM2.42bil

KUALA LUMPUR: Sunway Group has announced a RM2.42 billion deal with Hongkong Land Holdings Ltd to acquire its Singaporean and Malaysian residential development arm MCL Land.

Sunway group to buy Hongkong Land’s property arm MCL Land for $738.7 million

This transaction marks Sunway’s largest deal to date. Read more at straitstimes.com.

Sunway Group to buy MCL Land for S$739M from Hongkong Land Holdings

SINGAPORE: Malaysian conglomerate Sunway Group, led by billionaire Jeffrey Cheah, is buying Singapore developer MCL Land from Hongkong Land Holdings for S$739 million, Forbes reported. The move is a “decisive expansion” into one of Asia’s most competitive property markets, executive deputy chairman Sarena Cheah, daughter of Mr Cheah, said in a statement. Sunway has been increasing its investments in Singapore. Last month, the company and Singapo…

Sunway buys MCL Land for RM2.4 bil from Hongkong Land

Sunway will assume ownership of MCL Land and its subsidiaries, including ongoing development projects in Singapore as well as its portfolio of income-...