That site, now Sunway City Kuala Lumpur, became the template for integrated, transit-linked precincts that feed Sunway’s core businesses of property development and construction while generating recurring income across an ecosystem of assets. Following a couple more rounds of name changes, the group is now simply Sunway Berhad.
Bursa-listed Sunway Bhd just acquired MCL Land, which develops properties in Singapore and Malaysia, for $739 mil, marking a new phase in its evolution into an integrated township developer-operator spanning property, construction and healthcare
Sunway’s story begins in 1974, when it was known as Sungei Way Holdings, a small tin mining and quarrying outfit in Selangor. Incorporated as Sunway City Berhad in 1982 and listed on Bursa Malaysia in 1984, the company commenced operations in 1986 to develop Bandar Sunway, transforming former mining land into liveable townships built around education, healthcare, retail and hospitality.
