Sunway acquires prime freehold land in Kuala Lumpur for a RM3.2 bil GDV mixed-use development
17.58-acre prime freehold land in Taman Taynton for a purchase consideration of RM320 million.
KUALA LUMPUR (Oct 2): Sunway Bhd, through its wholly-owned subsidiary Sunway Melawati Sdn Bhd, has entered into a sales and purchase agreement with Viva Impian Sdn Bhd to acquire a parcel of 17.58-acre prime freehold land in Taman Taynton for a purchase consideration of RM320 million.
The proposed land acquisition is strategically situated adjacent to Sunway Alishan residential development.
The parcel of land is earmarked for a mixed-use development, with an estimated gross development value of RM3.2 billion.
The proposed development will integrate “opulent” serviced apartments offering a unique urban living experience with a vibrant wellness-focused retail podium featuring health and wellness clinics, stated Sunway Property in a media release.
In line with Sunway’s ongoing commitment to sustainability, the project will be designed with the Sunway Design and Development Architecture as its governing design philosophy to deliver unrivalled Sustainability, Innovation, Health and Wellness, and Lifestyle and New Experiences for the community, stated the company.
“The proposed acquisition represents an exciting opportunity to meet the growing demand for high-quality, integrated developments in Kuala Lumpur. Our vision is to create a holistic community space centered on wellness that serves the evolving needs of modern urban lifestyles. We are confident that this development will catalyse and elevate the growth in the surrounding area,” said managing director of Sunway Property, Sarena Cheah.
Strategically located with direct access from the Middle Ring Road 2, the development is connected to key highways including the Shah Alam Expressway (Kesas), Grand Saga Highway, East-West Link, and Maju Expressway (MEX). The site is located 500 m away from the Ekocheras bus stop/taxi stand, 800 m away from Taman Mutiara MRT station, 5 km away from the Cheras LRT station and 6.3 km from the Terminal Bersepadu Selatan.
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Source: EdgeProp.my
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