Expansion mode: Sunway Pyramid is a popular landmark in the Klang Valley. Sunway is set to benefit from the robust property market in Singapore.
PETALING JAYA: Sunway Bhd
’s move to jointly acquire two parcels of prime residential land in Singapore worth RM2.5bil is seen as positive in expanding the conglomerate’s exposure in the city-state.
TA Securities Research analyst Thiam Chiann Wen said the acquisition would further expand Sunway’s land bank in Singapore, allowing the group to benefit from the country’s robust housing market.
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