Sources say the diversified group has had several meetings on the proposed purchase with Eastern and Oriental Bhd (KL:E&O), the developer of the reclaimed land. This is not the first time that Sunway has expressed interest in acquiring a parcel of land on Andaman,” says a source. Just before Chinese New Year, the Sunway team visited the Andaman site again to reconsider the proposal to acquire land on the man-made island. The acquisition forms part of Sunway’s RM179.8 million exercise to replenish its development land bank and strengthen its pipeline of future projects. Phase 1 (STP1) covers 240 acres of reclaimed land and is linked to Andaman via the 950m four-lane Andaman Bridge.

Source: The Edge Markets March 23, 2026 07:34 UTC