PETALING JAYA (Feb 26) — Sunway Property is aiming for RM4.2 billion in sales for 2026, underpinned by a strong RM4.8 billion pipeline of new launches across Malaysia and selected overseas markets. The ambitious target follows a record-breaking 2025, where the developer achieved RM3.8 billion in sales, marking its fourth consecutive year of expansion.
For investors and property market observers — particularly those tracking commercial property in KL and industrial land in Selangor — the group’s strategy signals continued confidence in both residential and industrial segments, especially within growth corridors tied to infrastructure upgrades.
Managing director Chung Soo Kiong noted that buyer preferences are increasingly centred on certainty, liveability and long-term value — themes that align closely with transit-oriented developments (TODs), integrated townships, and well-planned mixed-use environments.
Following the updated guidance, several research houses revised their FY2026 earnings projections:
RHB Investment Bank (Buy, TP RM6.08) maintained its positive stance, highlighting expansion in Iskandar Malaysia and RM9.5 billion in unbilled sales that provide earnings visibility.
Hong Leong Investment Bank (Buy, TP RM5.70) raised its FY2026 earnings forecast by 6.7%, citing leverage to domestic growth and infrastructure-led development.
Kenanga Research (Underperform, TP RM3.35) upgraded earnings estimates by 16% but retained a cautious valuation stance.
A central pillar of the 2026 strategy is exposure to the Johor–Singapore Special Economic Zone (JS-SEZ), anchored by the upcoming RTS Link scheduled for completion in December 2026.
Key launches include:
Bukit Chagar RTS TOD — the first residential tower adjacent to the RTS station.
New phases at Sunway City Iskandar Puteri, including landed semi-detached homes and serviced apartments.
Foreign buyer participation rose to 15% in 2025 from 6% in 2023, reflecting improved cross-border interest.
Within the Klang Valley — a core market for office space in Bukit Jalil, commercial property in KL, and industrial property in Subang area — Sunway Property is planning several launches:
Sunway Serene 2 (Phase 2) in Petaling Jaya
Sunway Velocity 3 (Tower C), further strengthening its TOD portfolio
Beyond residential projects, the group is expanding its industrial footprint through:
Sunway Rawang Managed Industrial Park
Equalbase Sunway 103° in Johor
This industrial expansion is particularly relevant to businesses seeking industrial land in Selangor, warehouse facilities, logistics hubs, and even data centre-ready sites. Demand for modern factory in Puchong, Subang and other strategic Selangor industrial zones continues to benefit from supply chain reconfiguration and digital infrastructure growth.
RHB Research has identified the industrial segment as a potential earnings upside, given rising demand from logistics and technology operators.
Market attention is also focused on the proposed listing of Sunway Healthcare Group, expected in early 2026. Analysts see the corporate exercise and the group’s Build–Own–Operate (BOO) model as supportive of long-term recurring income visibility.
Investors should note the March 10, 2026 ex-date for the dividend-in-specie related to the healthcare listing.
For stakeholders active in Kuala Lumpur and Selangor — particularly in segments such as:
Industrial land in Selangor
Industrial property in Subang area
Factory in Puchong
Office space in Bukit Jalil
Commercial property in KL
Sunway Property’s expansion strategy reinforces continued developer confidence in infrastructure-linked corridors and managed industrial ecosystems. As infrastructure projects and transit networks mature, well-located commercial and industrial assets in KL and Selangor are likely to remain central to corporate relocation and expansion strategies.
With a balanced portfolio spanning residential, industrial and recurring-income assets, Sunway Property appears positioned to capitalise on Malaysia’s next phase of property cycle growth while maintaining earnings resilience into 2026.
Philippines