Sunsuria

What Sunsuria does

Sunsuria Berhad is a Malaysia-based, publicly listed diversified property developer (Bursa Malaysia Main Market, Stock Code 3743; SUNSURIA) founded in 1989 by Tan Sri Datuk Ter Leong Yap, who continues as Executive Chairman. The group operates across property development, construction, healthcare, education, landscape services, and property investment and retail, with project footprints in Malaysia, Australia, and the United Kingdom. Its core proposition is integrated, master-planned townships that combine residential, commercial, retail, education, and healthcare components within a single ecosystem rather than standalone developments.

The property portfolio spans landed residential (Monet Lily, Monet Springtime, Monet Garden), high-rise residences (Bangsar Hill Park, The Olive, Tangerine Suites), mixed-use developments (Bell Avenue within Sunsuria City), commercial towers (Sunsuria Avenue at the Kota Damansara HQ), and the 264-unit retail/lifestyle hub Sunsuria Forum @ 7th Avenue in Setia Alam. Beyond property, Sunsuria runs construction through the Sunsuria Asas and CITIC Sunsuria joint ventures, healthcare through Sunsuria Medical Clinic and the Icon Sunsuria Cancer Centre joint venture with Australia's Icon Group (which also operates the Icon Oncology Centre in Penang with Island Hospital), and education through Concord College International School (opened September 2024 under a Southeast and South Asia territorial exclusivity licence) and Sunsuria Care Centre. There is no proprietary technology platform; the differentiator is the integrated physical ecosystem and the brand and partnerships supporting it.

The business model combines one-time property development sales (recognized on handover) with recurring rental and retail income from integrated commercial assets, professional services revenue from construction joint ventures (Sunsuria Asas and CITIC Sunsuria), and subscription-style recurring revenue from education (Concord College International School) and healthcare services. Go-to-market is anchored by direct sales galleries at major project sites (Setia Alam, Kota Damansara, Sepang) and supported by corporate digital channels (sunsuria.com, Facebook, Instagram, LinkedIn) and earned media in Malaysian outlets. FY2025 revenue was RM566.7 million with net profit of RM36.97 million, against a market capitalization below RM1 billion, and the group recently consolidated the RM2.75 billion-GDV KL City Gateway project near KLCC Twin Towers via an April 2026 acquisition.

Name

Sunsuria

Legal name

Sunsuria Berhad

Website

https://sunsuria.com

Company type

Public

Founded year

1989

Operating status

Operating

Headcount range

101–250 employees

Short description

Sunsuria Berhad is a Malaysian publicly listed diversified property developer (Bursa Malaysia: 3743) operating across Malaysia, Australia, and the UK, building integrated townships that combine residential, commercial, healthcare, education, and retail components.

Ownership category

akta.pro rank

Headquarters

HQ city

Petaling Jaya

HQ country

Malaysia

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Property Development Sales: Primary revenue stream from sales of residential, commercial, and industrial properties across Malaysia, Australia, and UK markets. Revenue recognized upon property handover.
2. Property Investment & Retail: Recurring revenue from retail spaces including Sunsuria Forum @ 7th Avenue lifestyle mall, commercial properties, and rental income from retail units.
3. Construction Services: Revenue from construction operations through joint ventures (Sunsuria Asas and CITIC Sunsuria) serving both internal group projects and external clients.
4. Healthcare Services: Revenue from healthcare operations including Sunsuria Medical Clinic and Icon Sunsuria Cancer Centre partnership, covering medical and cancer care services.
5. Education Services: Revenue from Concord College International School tuition and educational services, with school opened in September 2024 serving students aged 5 to 18.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels7 records

Core offering

Sunsuria Berhad is a diversified property developer that builds and sells residential, commercial, and industrial properties across Malaysia, Australia, and the United Kingdom, including master-planned townships such as Sunsuria City and integrated lifestyle hubs such as Sunsuria Forum @ 7th Avenue. Beyond property development, the company delivers construction services through joint ventures (Sunsuria Asas and CITIC Sunsuria), operates healthcare facilities (Sunsuria Medical Clinic and Icon Sunsuria Cancer Centre), runs an international school (Concord College International School), and provides landscape and nursery services, creating integrated community ecosystems around its developments.

Product overview

Sunsuria Berhad is a diversified property development company operating across multiple sectors: Property Development (residential, commercial, industrial, and township projects including Bangsar Hill Park, Sunsuria Forum, and Sunsuria City township), Construction (through subsidiaries Sunsuria Asas and joint venture CITIC Sunsuria), Healthcare (Sunsuria Medical Clinic and Icon Sunsuria Cancer Centre partnership with Australia's Icon Group), Education (Concord College International School and Sunsuria Care Centre), Landscape & Nursery Services, and Property Investment & Retail. The portfolio spans Malaysia, Australia, and the United Kingdom.

Differentiator

Problem solved

Functional benefit

Brands

• Concord College International School: Premier UK international school established in partnership with Concord College UK, offering English National Curriculum for students aged 5 to 18 in Sunsuria City
• Icon Sunsuria
• Sunsuria Medical Clinic
• Sunsuria Care Centre
• Sunsuria Asas
• CITIC Sunsuria

Products and services

• Sunsuria Forum @ 7th Avenue An integrated social-living hub spanning 13.5 acres in Setia Alam, featuring 264 stratified retail shops, offices, serviced apartments, and lifestyle amenities. Targeted at retail tenants, office occupiers, and serviced apartment residents/buyers within an integrated community catchment.
• Sunsuria Avenue An 8-storey signature office and commercial tower spanning 7.25 acres in Kota Damansara, housing Sunsuria's headquarters along with a boutique hotel, sports complex, and commercial units for tenants and owner-occupiers.
• Bell Avenue, Sunsuria City A mixed development in Sunsuria City embodying Smart, Livable, and Sustainable principles, offering innovative retail and urban living spaces for commercial tenants and residents.
• Bangsar Hill Park A resort-inspired high-rise lifestyle destination situated in Lorong Maarof, Bangsar, featuring luxury facilities and targeting high-end residential buyers in the Kuala Lumpur metropolitan area.
• Monet Lily, Sunsuria City High-precision quality homes in Sunsuria City offering comfortable living spaces for families seeking integrated township living.
• Monet Springtime, Sunsuria City 308 units of two-storey terrace homes in Sunsuria City designed for family living within an integrated master-planned community.
• Monet Garden, Sunsuria City A low-density enclave with French-inspired landscaping (Le Jardin à la française) and clubhouse facilities, targeting landed residential buyers.
• Tangerine Suites, Sunsuria City Serviced apartments offering durability and style at an affordable price within the Sunsuria City integrated township.
• The Olive, Sunsuria City High-rise residences near the center of Sunsuria City with landscaped gardens and luxury construction, targeting premium residential buyers.
• Sunsuria Medical Clinic A forthcoming comprehensive primary healthcare facility located in Sunsuria City, Sepang, providing medical services for the multi-generational residential community and surrounding catchment.
• Icon Sunsuria Cancer Centre A joint venture with Australia's Icon Group providing personalized cancer care and bringing the latest medical oncology treatments and research to patients in Malaysia.
• Concord College International School A premier UK international school for students aged 5 to 18 following the English National Curriculum for Primary, Secondary, and Sixth Form (A-Level), located in Sunsuria City, Sepang, and operated in partnership with Concord College UK.
• Sunsuria Care Centre A forthcoming childcare center within Sunsuria's education ecosystem, providing tailored curriculum and personalized programs for children aged 4 to 6 years old.
• Sunsuria Asas A construction company established through joint venture with over 30 years of experience in construction, contracting, and construction management services, serving internal Sunsuria projects and external clients.
• CITIC Sunsuria A strategic joint venture between CITIC International Investment Ltd (wholly-owned by CITIC Construction Co Ltd, a Fortune Global 500 subsidiary) and Sunsuria Berhad, focusing on construction and property development in Malaysia and internationally.
• Landscape & Nursery Services Bespoke landscape construction projects and maintenance services for residential developments, commercial properties, corporate buildings, roads, highways, and recreational parks.

Quantifiable outcome

• KL City Gateway project with GDV of RM2.75 billion
• +1 more outcomes

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core, major and minor.

• KL City Gateway Sdn BhdcoreStrategic or Co-development Partner · 10 April 2026Sunsuria completed acquisition of a 61% stake in KL City Gateway Sdn Bhd for RM21.46 million, enabling consolidation of the nine-acre urban redevelopment project near KLCC Twin Towers with a GDV of RM2.75 billion. This strategic acquisition allows Sunsuria to consolidate and control the flagship urban development project.
• Island Hospital (Penang)majorStrategic or Co-development Partner · 21 August 2025Icon Sunsuria and Island Hospital officially launched Icon Oncology Centre in Penang. This partnership strengthens healthcare delivery in Penang, Malaysia's top medical tourism hub, supporting the state's RM888 million medical tourism revenue.
• Kwasa LandmajorStrategic or Co-development Partner · 17 April 2025Partnership with Kwasa Land to launch new residential development in Kwasa Damansara. Sunsuria received development rights for RM492 million project. The joint venture aims to develop new residential offerings in the Kwasa Damansara area.
• Concord College International Limited (UK)coreStrategic or Co-development Partner · 1 September 2024Partnership to establish Concord College International School within Sunsuria City, Malaysia. The new school opened in September 2024 as a premier UK international school for students aged 5 to 18, following the highly successful footsteps of Concord College, UK. Sunsuria holds territorial exclusivity rights to establish Concord College schools in Southeast and South Asia.
• Icon Group (Australia)coreStrategic or Co-development Partner · 1 January 2023Joint venture with Icon Group, Australia's largest dedicated cancer care provider, to establish Icon Sunsuria Cancer Centre. The partnership aims to address gaps in cancer care in Malaysia by bringing latest medical treatments and research. Icon Sunsuria officially launched Icon Oncology Centre in Penang in partnership with Island Hospital.
• Xiamen University MalaysiaminorStrategic or Co-development Partner · 1 January 2023Sunsuria Foundation donated RM1 million scholarship to Xiamen University Malaysia to support student education. The university is located adjacent to Sunsuria City's Bell Avenue development.
• CITIC International Investment Ltd (CIIL) / CITIC ConstructioncoreStrategic or Co-development Partner · 1 January 2018Strategic joint venture between CITIC International Investment Ltd and Sunsuria Berhad, focusing on construction and property development in Malaysia and internationally. CIIL is wholly-owned by CITIC Construction Co Ltd, a subsidiary of Fortune Global 500 company CITIC Ltd. Leverages CITIC's global track record, engineering capabilities, and financial strength.
• Sunsuria Asas (Joint Venture Partner)majorStrategic or Co-development Partner · 1 January 2018Established through strategic joint venture with a reputable construction company boasting over 30 years of experience in construction, contracting and construction management services. Blends local expertise with industry-leading standards.

Scale indicators12 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Sime Darby Property Berhad: Sime Darby Property develops master-planned townships and integrated developments across Malaysia, comparable in operating model to Sunsuria City and other integrated ecosystem projects.
• Mah Sing Group Berhad: Mah Sing is a Malaysian property developer focused on residential and commercial projects across Klang Valley and other regions, with a similar mid-cap market profile and diversified product portfolio to Sunsuria.
• Eco World Development Group Berhad: Eco World is a Malaysian developer of townships and integrated developments, sharing Sunsuria's model of building self-contained communities with mixed residential, commercial, and lifestyle components.
• IOI Properties Group Berhad: IOI Properties develops townships, residential, commercial, and retail properties in Malaysia and overseas, sharing Sunsuria's integrated development approach and international expansion strategy.
• SP Setia Berhad: SP Setia is one of Malaysia's largest integrated property developers, operating townships, residential, and commercial projects domestically and internationally — directly comparable to Sunsuria's master-planned community model and multi-country footprint.
• LBS Bina Berhad: LBS Bina is a Malaysian property developer focused on affordable and mid-range residential developments across Klang Valley, sharing a similar Malaysian mass-market to mid-tier positioning as Sunsuria's residential projects.
• OSK Holdings Berhad: OSK Holdings has property development operations including integrated townships in Malaysia, with similar Klang Valley exposure and comparable scale to Sunsuria's residential and commercial portfolio.
• UEM Sunrise Berhad: UEM Sunrise is a Malaysian property developer with townships and high-rise developments in Klang Valley and Iskandar Malaysia, with comparable mid-cap scale and similar urban redevelopment exposure (e.g., RM2.75B KL City Gateway vs UEM's flagship projects).
• Matrix Concepts Holdings Berhad: Matrix Concepts is a Malaysian property developer focused on integrated townships in Negeri Sembilan, comparable to Sunsuria's master-planned community approach with a similar mid-cap market profile.

Broad incumbents

• Sunway Berhad: Sunway operates integrated townships, healthcare (Sunway Medical), education (Sunway University), and hospitality — a larger, more diversified Malaysian conglomerate with a similar integrated ecosystem business model to Sunsuria.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/sunsuriaberhad
• LinkedInlinkedin.com/company/sunsuria-berhad
• Instagraminstagram.com/sunsuriaberhad

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sunsuria