Land acquisition done today.

This post has been edited by accetera: Nov 7 2018, 11:35 AM

Good

Wow FH...
Which part of WM?
Can reveal actual location at least?
Thx

FH?? so Lexa condo no more selling points?

mixed development meaning quite big part of land?

Here got location

http://propsquare.my/2017/08/16/sunway-acq...development-jv/

Nice info.wonder how big would be the layout offered.1000sq ft at least for 550k?

550 x 1000 sf = 550k? (lowest floor)

this location has nothing special tho,even with the price tag at 550psf still lose to hamilton 9 streets not to compare on the land tenure la.this project is not walkable to lrt,shopping malls etc and the salient point is freehold only,might as well same as lexa with a cheaper price tag and reputable developer.

Wangsa Maju banyak ong, every single corner is under construction.

the area is quite heavy traffic if not mistaken

the JV partner is Huatland / GCB Corp a.k.a. Low Keng Huat, another solid and fundamentally strong developer.. they are the developer of taman esplanad and high-end uthant, and the nostalgic ampang park, i think.. it will be interesting to see that Huatland takes up the construction as opposed to Suncon.. between the 2, i would prefer to put my money on Huatland's quality based on past projects, hardware alone..

Wow that whole area will have so many blocks high rise residential units. Hamilton, Riana, Quartz, Infiniti, and in the future Sunway's property there

Seasons Garden, Irama Wangsa not to be missed.

wah..impressed!
no RUMAWIP..too bad (editted)
anyway parked ji sung!

This post has been edited by mafa2801: Aug 17 2017, 10:37 AM

Support support,
Freehold RM 550k by Sunway Berhad.
And so near to my ex Riana Green

thought you r in Sunway SPK?

Haha gd morning bro.. I moving around one.. now stay in Jln Ampang jaga parents 😁 Riana Green is old portfolio and sold liao.. perhaps Riana South worth to explore..

This post has been edited by honesty tan: Aug 17 2017, 11:38 AM

Credit to Propcafe:

PROPCAFE NEWS 📰 : Sunway Property ACQUIRES 5th #TOD-FOCUSED LANDBANK IN #WANGSAMAJU, PLANS DEVELOPMENTS WORTH RM5.5 BILLION IN TOTAL

☕ New acquisition is for 4.34 acres of freehold land in Wangsa Maju earmarked for RM500.0 million mixed development
☕ Acquisition brings total new landbank to 5 strategic plots in 6 months, with GDV of RM5.5 billion
☕ Continued focus on TOD transit-oriented development

Sunway Berhad announced a joint-venture with #Huatland Development Sdn Bhd and through the joint venture company, Sunglobal Resources Sdn Bhd, will acquire a 4.34-acre freehold land for a purchase consideration of RM 51,070,000 from Setapak Heights Development Sdn Bhd (SHD).
Sunglobal Resources Sdn Bhd, which is 55%:45% owned by Sunway and Huatland Development Sdn Bhd respectively, intends to develop a mixed development comprising two blocks of serviced apartments with some lifestyle units on the podium with a GDV of RM500 million. The expected development period is 5 years. It is anticipated that the residential units will be priced with an average pricing of RM 550,000 onwards.

“We will continue to landbank in good areas given the opportunities in the market currently, supported by our healthy balance sheet. Particularly in Klang Valley, we will be on the lookout for landbanks which are ideal for transit-oriented developments where we can leverage our prior experience of building integrated and mixed-use developments,” said #Sarena Cheah, Managing Director, Property Division for Malaysia and Singapore, Sunway Berhad.
The developer’s total landbank currently stands at 3,325 acres in Klang Valley.

The Wangsa Maju land has a commercial status and is acquired conditional to receipt of approval from authorities for a plot ratio of 5 times. The land is one of the few in its immediate vicinity to have a freehold title, enhancing the future prospects of the development on the Land.

The landbank is strategically located in the rapidly developing area of Wangsa Maju and within 1.5 kilometres to amenities such as Wangsa Walk Mall and AEON Big Wangsa Maju where a number of residential and commercial developments have taken off. The site is a mere 8-kilometre drive to the heart of Kuala Lumpur and 850 metres away from the Sri Rampai LRT station, appealing to property buyers working in the city. The land is also easily accessible through the DUKE, MRR2 and AKLEH highways.

Collectively, in the last 6 months, the developer has acquired five plots of strategically located land with a total GDV of over RM5.5 billion. All the landbanks will be transit-oriented developments as they are in close proximity to #MRT, #LRT, #BRT and/or #monorail stations. More information on the new developments will be announced by Sunway in due course.

#sunwayproperty #wangsamaju #srirampaiLRT #Sunway #malaysiaproperty #realestate #propcafe #mediarelease

Rm 550k for that place & its FH too

Kinda good buy

Anyhow Parking