Sunway Construction Secures RM1.15 Billion Tech Projects — Boosting Malaysia’s Advanced Industrial Ecosystem

Sunway Construction Secures RM1.15 Billion Tech Projects — Boosting Malaysia’s Advanced Industrial Ecosystem

KUALA LUMPUR (Feb 26) — Sunway Construction Group Bhd has secured RM1.15 billion worth of new shell-and-core contracts from a United States-based multinational technology corporation, further strengthening its position in Malaysia’s fast-growing advanced industrial segment.

In a filing to Bursa Malaysia, the group confirmed that its wholly owned subsidiary, Sunway Construction Sdn Bhd, has accepted work orders for two separate projects. Construction will commence immediately, with completion scheduled for May 2027. The identity of the client was not disclosed.


Order Book Expands to RM6.9 Billion

With this latest award, SunCon’s outstanding order book has increased to RM6.9 billion. Notably, RM1.2 billion of new projects were secured within the first eight weeks of 2026 alone.

The group has set a replenishment target of RM6 billion this year, after recording a record-breaking RM5.2 billion in new contracts during 2025 — its strongest performance to date.

The momentum follows a standout financial year for the builder, underpinned by significant progress in advanced-technology facilities and high-specification industrial projects.


Record Earnings and Dividends

SunCon recently declared a fourth interim dividend of nine sen per share, bringing its total dividend payout for FY2025 to 50.5 sen — the highest in its history.

The generous distribution follows a 93.6% surge in full-year net profit to RM361.78 million, compared to RM186.91 million previously. Revenue also surpassed RM5 billion for the first time, closing the year at RM5.34 billion.

Management attributed the strong results to accelerated construction progress across multiple segments, particularly advanced-technology facilities — a category closely linked to semiconductor plants, data centres, and precision manufacturing hubs.

SunCon shares responded positively, rising 4.7% to RM6.90, valuing the company at approximately RM9.13 billion. The stock has gained over 21% year-to-date.


What This Means for KL & Selangor Industrial Property

Large-scale contracts tied to multinational technology players signal sustained expansion in Malaysia’s high-tech infrastructure — particularly across Selangor and the Klang Valley.

For investors and occupiers focused on:

  • Industrial land in Selangor

  • Industrial property in Subang area

  • Factory in Puchong

  • Office space in Bukit Jalil

  • Commercial property in KL

this development reinforces several structural trends:

1️⃣ Growing Demand for High-Spec Industrial Facilities

Advanced technology clients require specialised buildings with robust power supply, high floor loading, precision cooling systems, and long-term scalability. This directly supports demand for premium-grade industrial land in Selangor and purpose-built factories in strategic corridors like Puchong and Subang.

2️⃣ Strengthening of Industrial Clusters

When multinational tech firms expand, they attract supply-chain partners, data infrastructure providers, and engineering service companies. This creates multiplier effects for surrounding commercial property in KL and satellite industrial zones.

3️⃣ Spillover Into Office and Business Parks

High-value industrial activity typically drives secondary demand for R&D offices, engineering hubs, and administrative headquarters — benefitting office space in Bukit Jalil and other decentralised business nodes in Klang Valley.


Bigger Picture: Industrial Malaysia Moving Up the Value Chain

SunCon’s contract wins highlight Malaysia’s transition from conventional construction work toward advanced industrial facilities aligned with semiconductor, digital infrastructure, and automation growth.

For Selangor in particular — Malaysia’s most established industrial state — the implications are clear:
well-located industrial property in Subang area and surrounding logistics corridors stands to benefit from sustained capital inflows and infrastructure upgrades.

As Malaysia strengthens its position in high-tech manufacturing and digital infrastructure, construction players like SunCon serve as early indicators of future industrial demand patterns.

For property investors in Kuala Lumpur and Selangor, this reinforces a core thesis:
industrial expansion is increasingly tied to technology-driven growth — and the right locations will continue to command strategic value.