Sunway Berhad announced that its property arm, Sunway Property had formalised a Memorandum of Understanding (“MOU”) with Putrajaya Holdings Sdn Bhd to collaborate on developing prime commercial strategic parcels of land in Precinct 7 and 8,Putrajaya.
Putrajaya Holdings has more than 20 signature development projects in Putrajaya comprising office buildings, commercial hubs, and residentialprojects such as Murraya in Precinct 12, Fera in Precinct 8, Alamanda Shopping Mall in Precinct 1, and more developments.
Sunway Property Managing Director Sarena Cheah, said, “This MOU signifies a major step forward for us to leverage our unique Build-Own-Operate business model to deliver liveability, as well as advances in property development and healthcare in Putrajaya. This partnership represents an opportunity to deliver sustainable and innovative development solutions that will contribute to thegrowth and progress of the local Putrajaya community.”
The MOU establishes the groundwork for future cooperation between organizations in various sectors such as medical, education, property development, and hospitality for development.
The cooperative effort will also explore the development of a medical centre in one of the parcels.
The possible development of a medical center is strategic as Sunway Healthcare Group (SHG) is a leading integrated private healthcare group with a network of hospitals and health services in Malaysia.
Following the success of Sunway Medical Centre in Klang Valley (Sunway City Kuala Lumpur, Sunway Velocity) and Penang, Seberang Jaya; SHG has continued to expand in Klang Valley(Kota Damansara), Johor (Sunway City Iskandar Puteri), Ipoh(Sunway City Ipoh), Kelantan (Kota Bahru) and Penang (Paya Terubong). This growth will propel SHG to be one of the largesthealthcare groups in the region, with a combined capacity of over 3,000 beds throughout SHG’s network of hospitals. The possible addition of a Sunway Medical Centre in Putrajaya, the nation’sadministrative capital, will further solidify SHG’s position as a front-runner in the healthcare industry.
