Sunway Construction Secures RM1.5 Billion RTS TOD Contract in Johor: What It Means for Investors
🏗️ Major Milestone for Sunway Construction
Sunway Construction Group Bhd (KL:SUNCON) has secured a RM1.5 billion contract for the Rapid Transit System (RTS) Transport-Oriented Development (TOD) project at Bukit Chagar, Johor. This latest win adds to its growing portfolio in Sunway City Iskandar Puteri and reinforces its reputation as a leader in Malaysia’s construction industry.
📌 Key Highlights:
✔ RM1.5 billion contract awarded by Sunway Integrated Properties.
✔ Total order book now stands at RM7.8 billion 📈.
✔ Sunway Construction actively bidding for RM14.6 billion in tenders, including data centre projects from the UK, US, and Singapore.
✔ RHB Research maintains a “Buy” call with a target price of RM5.63.
📊 1️⃣ Sunway Construction’s Growing Order Book & Strong Future Prospects
📅 December 2024 Order Book: RM7.8 billion ✅
📅 Active Tenders: RM14.6 billion (70% in data centres) 🌍
📅 FY25 Job Replenishment Target: RM5 billion 📈
📌 Upcoming Projects:
🏗 Penang Light Rail Transit (Segment 2)
🏗 New Sunway Medical Centres
🏗 Sunway’s Ipoh Mall Expansion
🏗 Future JHBX10 Data Centre Expansion (200MW-300MW Capacity)
Sunway Construction is one of the most data centre-focused contractors in Malaysia, with 50% of its order book coming from data centre projects – the highest among its peers.
💰 2️⃣ What This Means for Property & Infrastructure Investment in Johor
📈 Boost for Johor’s Real Estate & Commercial Property Market
✔ The RTS TOD project will enhance connectivity between Johor and Singapore.
✔ Increased demand for commercial and residential developments in Johor Bahru.
✔ Sunway City Iskandar Puteri’s expansion will further drive property prices and rental yields.
🌍 Johor as a Data Centre & Infrastructure Hub
✔ Sunway Construction is actively involved in data centre developments, positioning Johor as a growing tech hub.
✔ The RTS project is expected to increase property values near Bukit Chagar and support economic growth in Johor-Singapore economic ties.
📢 3️⃣ Investment Outlook: Is Now the Right Time to Invest?
📌 Why 2025 is the Right Time for Johor Property Investors
✔ The RTS Link is set to be operational by 2027, increasing demand for properties in Johor Bahru.
✔ Sunway’s integrated projects in Johor & Iskandar Puteri make the region a prime investment hotspot.
✔ Rising interest in commercial spaces & data centre developments could boost property values.
📢 Looking for the best property investment opportunities in Johor? 🏡 KLProperty.cc offers expert insights into residential & commercial real estate near the RTS TOD project!
📩 Contact us today to explore high-growth investment options in Johor & beyond! 🚀
