October 2025 top M&A deals in ASEAN markets
Insights
Hongkong Land has agreed to divest its Singapore and Malaysia-based residential development unit, MCL Land, to Malaysia's Sunway Group for SGD 739mn (USD 579mn). The divestment supports Hongkong Land’s 2035 strategic plan to exit the residential build-to-sell market and focus on ultra-premium commercial properties in Asian gateway cities. Proceeds will strengthen the company’s balance sheet and fund an additional USD 150mn for its ongoing share buyback. The deal is expected to close by end-2025.
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