SunCon wins RM1.74b Serendah data centre, its second there

Sunway Construction Group Bhd (SunCon) told Bursa Malaysia on 5 November 2026 that its unit Sunway Construction Sdn Bhd had signed a RM1.739 billion agreement with an unnamed "international hyperscaler" to build a hyperscale data centre in Bandar Serendah, Selangor.

It is SunCon's second such contract in Bandar Serendah this year. On 17 April the same unit signed a RM1.75 billion agreement with a client described in the same words, for the same scope of work. Together the two are worth about RM3.49 billion.

The two contracts

• 17 April 2026: RM1.75 billion; work from the third quarter of 2026 to the third quarter of 2028.
• 5 November 2026: RM1.739 billion; work from the fourth quarter of 2026 to the fourth quarter of 2028.

Both are "build only", meaning SunCon builds to the client's design. Each covers the core and shell structures, campus infrastructure, and mechanical, electrical and plumbing (MEP) fit-out, through to testing and commissioning. Kenanga Investment Bank said the April contract is priced on a cost-plus basis, which protects SunCon's margin if building costs rise.

The November win lifts SunCon's new orders this year to RM9.8 billion and its order book to RM13.4 billion. A day earlier it received a RM920.8 million variation order for extra MEP work at a Johor data centre for a US technology company.

What the filings leave out

Neither filing names the client or gives the land size, floor area or power capacity, so the contract sums cannot be turned into a cost per square foot or per megawatt from the filings alone.

Other published figures fill in part of the picture, but none is confirmed to describe these two contracts:

• An architect's campus: KCLA Architects lists a 480MW hyperscale data centre campus on a 141-acre greenfield site in Serendah, with 1.26 million sq ft of floor area, for a client it does not name.
• Analysts' estimates: Kenanga expects the Serendah site to take four to five data centre projects, according to a July 2026 report by w.media. In April, Kenanga put the construction value of Pearl Computing's Springhill site in Port Dickson, which can host 800MW to 1,000MW, at RM14 billion to RM20 billion. Pearl Computing is the company Google uses for its Malaysian land.
• Google's plans: on 4 November, Google named UMW High Value Manufacturing Park in Serendah as one of two new Selangor campuses, still at the planning stage. No land sale or lease there has been announced.

The UMW park is an 861-acre development of the UMW group, now owned by Sime Darby Bhd. In 2022 UMW sold 140 acres there to the solar maker LONGi for RM304.92 million, about RM50 psf.

A builder leaning on data centres

The Edge counted the November job as SunCon's seventh data centre-related contract this year. CGS International estimates that data centres make up 70% of SunCon's RM13 billion tender book, across six clients, and has urged it to bid for more government, industrial and semiconductor factory work in case spending on artificial intelligence slows.