Lee Tong Voon, former COO of MCL Land, has been appointed CEO of Sunway MCL (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Following Sunway Group’s acquisition of MCL Land for $738.7 million (RM2.42 billion) on Sept 16, the Malaysian property developer announced on Oct 31 that its Singapore operations will now operate under the name Sunway MCL.
“The establishment of Sunway MCL marks an important milestone in Sunway’s growth journey,” says Serena Cheah, executive deputy chair of Sunway Group. “Singapore has always been a key market for us, and this step reinforces our long-term commitment to building sustainable communities that create lasting value.”
Sunway MCL currently has nine ongoing residential projects with joint-venture partners in Singapore. These include Elta (501 units), Nava Grove (552 units), as well as Tembusu Grand (638 units) and The Continuum (816 units). Collectively, the developments comprise 4,937 residential units with an attributable gross development value (GDV) of about $4.5 billion (RM14.9 billion).
Lee Tong Voon, formerly COO of MCL Land, has been appointed CEO of Sunway MCL. “Our focus is on creating homes that embody timeless elegance and enduring warmth, reflecting our commitment to delivering spaces that feel both personal and lasting in value,” he says.
The acquisition also includes MCL Land’s Malaysian assets, comprising development landbanks in Wangsa Maju and the Forest Heights township in Seremban, as well as Wangsa Walk Mall in Kuala Lumpur, which has a net lettable area of 330,000 sq ft.
The 552-unit Nava Grove is one of nine ongoing residential projects in Singapore by Sunway MCL with joint-venture partners (Artist’s impression: Sunway MCL)
Just across the border, in Johor Bahru (JB), lies Sunway Property’s flagship Sunway City Iskandar Puteri, a 2,000-acre integrated township accessible via the Second Link and the upcoming Bukit Chagar RTS Transit-Oriented Development near the First Link Causeway to Singapore.
Johor is seeing renewed momentum from key policy and infrastructure catalysts — notably the Johor–Singapore Special Economic Zone (JS-SEZ) and the Johor Bahru–Singapore Rapid Transit System (RTS) Link, which will connect Bukit Chagar (JB) to Woodlands (Singapore) by late 2026, cutting cross-border travel time to just six minutes.
“These developments are set to boost both residential demand and rental yields in city-centre and transit-adjacent areas, reinforcing Johor Bahru’s rise as a long-term lifestyle hub,” says Gerard Soosay, CEO of Sunway Property (Southern Region).
An independent study by Milieu, commissioned by Sunway Property, found that nearly half (48%) of surveyed property seekers in Singapore are considering Johor Bahru as their next purchase destination. Among them, 83% already own property in Singapore.
Top motivations cited include retirement, vacation homes, and rental investment opportunities, while safety remains a key concern — with 62% of respondents highlighting security as their biggest hesitation.
Sunway Majestic, Sunway’s first SOHO apartment project in Johor Bahru City Centre (Artist’s impression: Sunway Property)
Sunway recently launched its first SOHO apartments in JB City Centre — the Sunway Majestic. Located just 3km from the upcoming RTS Link and adjacent to Sunway Commercial Square, a retail and dining hub, the freehold development offers a mix of one- to three-bedroom SOHO units with flexible layouts, priced from RM400,000.
According to Sunway, these price points fall within the preferred range of 72% of survey respondents (RM1 million and below). Beyond lifestyle facilities, Sunway Majestic offers multi-tiered security systems, a dedicated shuttle service to the RTS, a walkway link to Hutan Bandar public park, and proximity to malls, schools, and healthcare amenities.
Since its launch in early October, the project’s sales gallery has attracted over 100 visitors daily, comprising 30% Singaporeans and 70% Malaysians (of whom 60% work in Singapore). Buyer intentions are split between 70% for own stay and 30% for investment.
