Malaysian conglomerate Sunway Bhd has expanded its Singaporean property portfolio with the acquisition of a prime residential development site. The site, located at River Valley Green, was secured for SGD750.57 million (RM2.4 billion) through Sunway’s subsidiary, SMCL Haven 3 Pte Ltd. The acquisition was made via a joint venture with CSC Land Group (Singapore) Pte Ltd. This represents a significant investment for Sunway in the Singaporean real estate market. The River Valley location is highly sought after for residential developments. Further details regarding the planned project on the site have not yet been disclosed. The deal underscores continued investor confidence in Singapore’s property sector.