“Sunway Property acquires 99.6 acres in Kuang for RM65.1 mil, boosting its Rawang industrial park plans. The deal adds RM700 mil to GDV and supports Sunway’s Klang Valley industrial ecosystem expansion.”
Kuala Lumpur, 26th June 2025, 11.30am – Sunway Property, the property development arm of Sunway Bhd, is expanding its footprint in northern Selangor with the acquisition of 99.6 acres of freehold land in Kuang for RM65.1 million, marking a strategic push to scale up its industrial development in the Rawang corridor.
The purchase was made via Sunway Rawang City Sdn Bhd (SRCSB)—a joint venture entity of Sunway Property—through a Sale and Purchase Agreement (SPA) with Teik Sing Realty Sdn Bhd.
Strategic Expansion Near Existing Industrial Park
The newly acquired land sits adjacent to Sunway’s 245-acre industrial site launched in August 2023, which is earmarked for a managed industrial park. Together, the two tracts will form an integrated, future-ready industrial ecosystem spanning more than 340 acres.
Located in Mukim Rawang, Gombak, the land offers direct access to the LATAR Expressway and is well connected to the Rawang and Kuang Industrial areas. Its location—just 35 minutes from Kuala Lumpur, and under an hour from both Port Klang and KLIA—positions it ideally for logistics, manufacturing, and e-commerce players.
A Vision for Sustainable Industrial Ecosystems
Sunway Property CEO Chong Sau Min said the acquisition will elevate the company’s industrial offerings and support long-term demand from key growth sectors.
“This strategic site allows us to deliver a comprehensive industrial ecosystem within the Klang Valley. It reflects our readiness to support evolving business needs and build sustainable, innovation-led communities,” said Chong.
The company estimates the acquisition will raise the gross development value (GDV) of the project by RM700 million, expanding the overall scope and market potential.
Features of the Upcoming Development
The expanded masterplan is expected to include:
- Modern factories and warehouses
- Commercial components
- Smart infrastructure
- Sustainable design integration
The new site will complement existing industrial hubs while offering enhanced connectivity, environmental integration, and functionality, contributing to the region’s economic growth and industrial resilience.
Sunway’s Industrial Momentum
With this acquisition, Sunway Property’s total landbank now stands at 2,230 acres, with an estimated GDV of over RM68.9 billion. The group continues to strengthen its portfolio across residential, commercial, and industrial segments with a clear focus on innovation, ESG compliance, and community-centric development.
