Expansion of Singapore Landbank Bodes Well for Sunway -- Market Talk

Dow Jones

Sep 11, 2025

0316 GMT - Sunway has strengthened its presence in Singapore after securing a second land parcel at Chuan Grove for S$624 million, through its joint venture with Sing Holdings Residential, MBSB Research analyst Jessica Low Jze Tieng says in a note. The site will host about 500 residential units, with the launch expected in 1H of 2027, she notes. Sunway's Singapore projects contributed 31% of 1H sales, and the expansion of its landbank bodes well for the company's growing property exposure in the city-state, she says. MBSB maintains a neutral rating on Sunway, as it believes the positives from the coming listing of Sunway Healthcare are already priced in, and keeps the target price at MYR5.06. Shares are 0.2% higher at MYR5.30. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

September 10, 2025 23:16 ET (03:16 GMT)

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The site will host about 500 residential units, with the launch expected in 1H of 2027, she notes. Sunway's Singapore projects contributed 31% of 1H sales, and the expansion of its landbank bodes well for the company's growing property exposure in the city-state, she says. MBSB maintains a neutral rating on Sunway, as it believes the positives from the coming listing of Sunway Healthcare are already priced in, and keeps the target price at MYR5.06. Shares are 0.2% higher at MYR5.30. 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The site will host about 500 residential units, with the launch expected in 1H of 2027, she notes. Sunway's Singapore projects contributed 31% of 1H sales, and the expansion of its landbank bodes well for the company's growing property exposure in the city-state, she says. MBSB maintains a neutral rating on Sunway, as it believes the positives from the coming listing of Sunway Healthcare are already priced in, and keeps the target price at MYR5.06. Shares are 0.2% higher at MYR5.30. (yingxian.wong@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 10, 2025 23:16 ET (03:16 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"5IC.SI","symbol_name":"星控股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2566930857","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2566930857","pubTimestamp":1757560560,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0316 GMT - Sunway has strengthened its presence in Singapore after securing a second land parcel at Chuan Grove for S$624 million, through its joint venture with Sing Holdings Residential, MBSB Research analyst Jessica Low Jze Tieng says in a note. The site will host about 500 residential units, with the launch expected in 1H of 2027, she notes. Sunway's Singapore projects contributed 31% of 1H sales, and the expansion of its landbank bodes well for the company's growing property exposure in the city-state, she says. MBSB maintains a neutral rating on Sunway, as it believes the positives from the coming listing of Sunway Healthcare are already priced in, and keeps the target price at MYR5.06. Shares are 0.2% higher at MYR5.30. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"5IC.SI":"星控股","BK6512":"房地产股","BK6117":"房地产开发"},"translate_title":"新加坡土地储备的扩张对双威来说是个好兆头——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5IC.SI":0.9},"content_text":"0316 GMT - Sunway has strengthened its presence in Singapore after securing a second land parcel at Chuan Grove for S$624 million, through its joint venture with Sing Holdings Residential, MBSB Research analyst Jessica Low Jze Tieng says in a note. The site will host about 500 residential units, with the launch expected in 1H of 2027, she notes. Sunway's Singapore projects contributed 31% of 1H sales, and the expansion of its landbank bodes well for the company's growing property exposure in the city-state, she says. MBSB maintains a neutral rating on Sunway, as it believes the positives from the coming listing of Sunway Healthcare are already priced in, and keeps the target price at MYR5.06. Shares are 0.2% higher at MYR5.30. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 10, 2025 23:16 ET (03:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}