PETALING JAYA, Sunway Group is set to expand its presence in Singapore as part of its regional growth strategy, with plans to strengthen its property development and healthcare businesses in the city-state.
Industry sources said the group is exploring several land acquisition opportunities in prime locations, while also looking to grow its healthcare segment through new hospital projects. The move comes amid rising demand for quality healthcare services in Singapore and continued resilience in the republic’s property market.
“Singapore remains a key market for Sunway, given its stable economy, transparent regulatory framework and status as a regional hub,” said a source familiar with the matter.
Sunway’s property division has been active in Singapore for more than a decade through joint ventures, with projects such as Sunway Mont Residences. Its expansion plans are expected to focus on integrated developments, leveraging its expertise in sustainable townships and mixed-use projects.
Meanwhile, Sunway Healthcare Group, which is targeting to list in the next few years, is also eyeing Singapore as part of its regional expansion blueprint. This would complement its existing network of hospitals in Malaysia.
Analysts view the Singapore push positively, citing it as a strategic move to diversify Sunway’s earnings base while tapping into a mature market with strong fundamentals.
Maybank Investment Bank Research noted that Sunway’s regional expansion efforts, particularly in Singapore, could provide long-term earnings visibility. “With its strong track record in property and healthcare, Sunway is well positioned to compete in Singapore’s competitive market,” it said in a note.
The group recently reported steady earnings for the first half of 2025, underpinned by resilient contributions from its property investment and healthcare segments.
