Investment SUNWAY VELOCITY TWO @ JALAN PEEL, Sunway JV CRSC Prop Former Lemon Tree
Investment SUNWAY VELOCITY TWO @ JALAN PEEL, Sunway JV CRSC Prop Former Lemon Tree
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Feb 12 2017, 12:37 AM
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All Stars
10,777 posts Joined: Sep 2009 |
Sunway City in Cheras JV 8.45-acre property project, GDV RM2.5 billion The Star | Friday, 10 February 2017 | MYT 7:50 PM http://www.thestar.com.my/business/busines...oject-gdv-rm2b/ KUALA LUMPUR: Sunway Property's unit has purchased an 8.45 acre leasehold land in Jalan Peel, Cheras where it will jointly undertake a property project with an estimate gross development value (GDV) of RM2.5 billion. Sunway City Sdn Bhd (SunCity) had on Friday inked a joint venture agreement to develop the leasehold land, which is opposite its iconic Sunway Velocity development. Under the agreement, SunCity will pay RM500,001 for a 50% + 1 share stake in Austral Meridian Property Sdn Bhd (AMP), the joint venture company. “In addition, SunCity will also advance up to RM140 million to settle the existing liabilities of AMP,” it said. SunCity said the project, with a GDV of >RM2 billion, would comprise service apartments, retail shops and offices and the development would be over 10 years. “It is expected to be synergistic with Sunway Velocity that is located directly opposite the land,” it said. Sunway Velocity is a RM4 billion development by Sunway and since the first launch in 2008, more than RM1 billion worth of residences and offices has bee sold far. SunCity pointed out the recently opened Sunway Velocity Shopping Mall has become a new landmark in the Cheras area and achieved “footfall” of more than a million people in less than two months. It also said the development site, ust 5km from the Kuala Lumpur City Center (KLCC), ensures easy connectivity via a short walking distance to the Cochrane MRT Station and underground Maluri MRT Station & LRT Interchange. The massive population of over 800,000 in the Cheras vicinity also contributed to the appeal of the development. With this proposed new development, the group envisages Sunway Velocity to benefit from a larger catchment population and vice versa, residents and tenants of the new development will benefit from the amenities and conveniences at Sunway Velocity. “In the near future, Sunway Velocity is expected to be further enhanced by the completion of a four-star hotel, a medical center and two corporate office towers, all of which are already under construction,” it said. |
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Feb 12 2017, 02:06 PM
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Senior Member
2,494 posts Joined: Feb 2009 From: Kuala Lumpur Dataran Merdeka |
Another rm1000 psf project
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Feb 16 2017, 10:35 PM
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All Stars
10,777 posts Joined: Sep 2009 |
Sunway Velocity Two will have more serviced apartments, roughly 70% of its masterplan.
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Feb 17 2017, 07:21 AM
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All Stars
12,528 posts Joined: Feb 2013 |
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Feb 17 2017, 08:09 AM
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Senior Member
1,747 posts Joined: May 2005 From: Malaysia |
super greedy, my velocity 1 apartment still cannot find ppl to rent, shxx now wan build another how many units to dilute the market....
Learnt the lesson hard way, no more Suxway |
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Feb 17 2017, 08:49 AM
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All Stars
20,146 posts Joined: May 2011 |
QUOTE(surf-it @ Feb 17 2017, 08:09 AM) super greedy, my velocity 1 apartment still cannot find ppl to rent, shxx now wan build another how many units to dilute the market.... You cant control your competition.Learnt the lesson hard way, no more Suxway If sunway doesnt buy the land..ot could be other developers that bought it and launch more apartments. The important fact is where u buy your property make sure it fulfilled yr criteria.....other than this...u cant control other factors. |
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Feb 17 2017, 09:03 AM
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#67
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Senior Member
3,838 posts Joined: Sep 2013 |
QUOTE(surf-it @ Feb 17 2017, 08:09 AM) super greedy, my velocity 1 apartment still cannot find ppl to rent, shxx now wan build another how many units to dilute the market.... but got many die hard fansi buy still wor.singing while buying too. not sure for what. trophy collection also dont buy here lah. Learnt the lesson hard way, no more Suxway side note im told phase 1 velocity residence suffer maintenance problem. by owner. |
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Feb 17 2017, 10:23 AM
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Senior Member
5,436 posts Joined: Jan 2011 |
Nowadays Mega size mall cannot do Liao lar. Lagi mau expension.. memang gorek jialat lobang Cari Mati.
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Feb 17 2017, 11:51 AM
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Senior Member
5,949 posts Joined: Oct 2013 |
QUOTE(surf-it @ Feb 17 2017, 09:09 AM) super greedy, my velocity 1 apartment still cannot find ppl to rent, shxx now wan build another how many units to dilute the market.... Mind to reveal the psf and size of your velo 1 apartment? Learnt the lesson hard way, no more Suxway PM also can. Curious to own survey and study. Thanks |
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Feb 17 2017, 11:53 AM
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All Stars
10,319 posts Joined: Dec 2009 From: Malaysia |
QUOTE(HELLO HELLO @ Feb 17 2017, 10:23 AM) Nowadays Mega size mall cannot do Liao lar. Lagi mau expension.. memang gorek jialat lobang Cari Mati. probably the extension have specific biz in mind.i.e. exhibition centre, tourist attraction hub (maybe an ice skating rink? or something), hotel, and of course complimentary retail lagi lah. |
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Feb 17 2017, 12:52 PM
Show posts by this member only | IPv6 | Post
#71
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Senior Member
3,838 posts Joined: Sep 2013 |
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Feb 17 2017, 01:21 PM
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Senior Member
9,616 posts Joined: Dec 2013 |
Sonwhere verosity 2? So fast? At 2017 aka gg year in term of financial aspects?
Same trick not always work twice amigo, GOOD LUCK. |
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Feb 17 2017, 01:30 PM
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Senior Member
2,699 posts Joined: Sep 2015 |
QUOTE(kochin @ Feb 17 2017, 11:53 AM) probably the extension have specific biz in mind. the nearby Viva Home already have expo halls.. probably some new attractions would be great i.e. exhibition centre, tourist attraction hub (maybe an ice skating rink? or something), hotel, and of course complimentary retail lagi lah. |
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Feb 17 2017, 03:31 PM
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#74
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Senior Member
1,495 posts Joined: Jun 2012 |
QUOTE(HarpArtist @ Feb 17 2017, 09:03 AM) but got many die hard fansi buy still wor.singing while buying too. not sure for what. trophy collection also dont buy here lah. what do u mean suffer maintenance problem? as in rent received unable to cover the maintenance fees? side note im told phase 1 velocity residence suffer maintenance problem. by owner. |
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Feb 17 2017, 07:57 PM
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Senior Member
3,838 posts Joined: Sep 2013 |
QUOTE(butthead76 @ Feb 17 2017, 03:31 PM) what do u mean suffer maintenance problem? as in rent received unable to cover the maintenance fees? rent unable to cover maintenance then better not rent lor |
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Feb 19 2017, 05:36 PM
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Senior Member
931 posts Joined: Feb 2011 |
is it launched?
any info at the sales office at velocity? |
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Feb 8 2018, 06:02 PM
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Senior Member
664 posts Joined: Nov 2009 |
QUOTE Sunway Property to launch RM2b worth of residential properties in 2018 KUALA LUMPUR (Feb 8): Sunway Bhd’s property arm, Sunway Property, plans to launch RM2 billion worth of residential properties across eight locations this year. This is nearly double last year’s figure of RM1.1 billion. The group also plans to launch about RM610 million worth of new investment properties, including healthcare, commercial, hospitality, education and investment assets, in the developer’s townships and major integrated developments. Sunway Property managing director Sarena Cheah said homebuyers and investors will see many opportunities to capitalise on the group’s integrated townships and developments this year. “We will also look to help new homeowners capitalise on the many opportunities we are offering to be part of our growing and vibrant communities,” she said at a media briefing. The launches include Sunway Citrine Lakehomes, Sunway Onsen Suites, Sunway Geo, apartments in Sunway Velocity TWO and Sunway Wangsa Maju, designer shops in Sunway Wellesley, condominiums in Sunway Tianjin Eco City in China and Sunway Rivercove Residence in Singapore. “We will continue to focus our efforts on our integrated development and townships, where we have seen good take up rates for most of our launches,” Cheah said. At the same time, Sunway Property has launched its new Under The SUN Certainty+ financing campaign to offer purchasers and investors a convenient way of participating in the group’s growing communities. The campaign features a low down payment, cash rewards during construction period, guaranteed loan by the group, deferred payment, voluntary exit plan and differentiated sum installments by the developer. Cheah said the group is also on the lookout for more landbanks, following the securing of 37.4 acres last year. Currently, the group’s landbank stands at 3,305 acres, with a total gross development value of RM53 billion. Some 56% of the landbank is located in Johor, 30% in Klang Valley and 6% in Penang. |
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Jun 12 2018, 10:56 PM
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#78
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Junior Member
300 posts Joined: May 2008 |
900 psf
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Jun 12 2018, 11:07 PM
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#79
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Junior Member
126 posts Joined: Jun 2011 |
Just curious. Anyone knows the tenant profile in velo residences? I notice a lot of Chinese tourists shopping in velo mall.
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Jun 13 2018, 07:07 PM
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#80
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Junior Member
57 posts Joined: Jan 2015 |
Hearsay from Sunway SA, SV2 residences starting size from 600sf to 1200sf, tentative average price from RM950psf. Anyone can confirm?
This post has been edited by Pixtel: Jun 13 2018, 07:10 PM |
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