| Price | From RM570,000 |
| Built-up | From 850 sq ft |
| Tenure | Freehold |
| Bedrooms | 2- 2+1 |
| Bathrooms | 2 |
In this article:
- 5 Property Near Sunway Velocity
- Amenities and Facilities
- Accessibility and Connectivity
- Trends and prospects
The sub-district of Cheras needs no introduction for the people of Klang Valley. The locality offers variation of choices in terms of lifestyle, shopping experiences, food and properties, and has been a popular choice for property buyers in Kuala Lumpur for its convenience and connectivity.
Cheras is shared by two states – the Federal Territories Kuala Lumpur and Selangor, Cheras stretches from city centre all the way to Kajang. The division of Cheras was made in February 1974, under the Federal Territory of Kuala Lumpur Agreement, whereby the areas under Selangor state falls under Hulu Langat district and the Kajang Municipal Council.
One of the most well-known part of Cheras is Maluri, which is closest to the KL’s central business district (CBD). Here, sits Sunway Velocity, a 23-acre mixed development, located on Jalan Peel, comprising residential, commercial, healthcare, education and retail components with sprawling public spaces.
The RM4 billion project is the biggest development project on Jalan Peel and set to transform the KL skyline.
The grandeur of Sunway Velocity Mall, the four-star Sunway Velocity Hotel, Sunway Medical Centre Velocity, offices, signature retail stores, and residential developments, has made the integrated development to be sought after by property buyers.
Due to the high demand for the locality, several high-rise residential projects have been also sprouting recently and been receiving tremendous response.
The recent opening of Sunway Velocity 3, which sees tremendous response further proves that the locality will continue to be in high demand and property buyers will be on the lookout.
The first phase of Sunway Velocity 3 comprises two blocks of serviced residences spread across 3.43 acres of prime real estate, with an estimated gross development value of RM 1.28 billion. The residential project is seamlessly integrated with the mall, amplifying its allure and convenience.
5 Property Near Sunway Velocity
There are several new projects launched and completed in the area and its vicinity. The area is known for its commercial value and newly built residential projects are adding value to the area.
1. V Residence 2 @ Sunway Velocity
This residential development, with a GDV of RM382 million, comprises 334 serviced apartment units, with 321 units with built-up ranging from 850sq ft to 1,130sq ft, where 13 of those units offers exclusive cabana-style apartments with 2 rooms and 2+1 rooms ranging from 850sq ft to 1,136sq ft.
2. Lavile Kuala Lumpur
Developed by Orando Holdings Sdn Bhd, Lavile Kuala Lumpur consist of 1278 units of serviced residence.
| Price | From RM1,001,300 |
| Built-up | From 860 sq. ft |
| Tenure | leasehold |
| Bedrooms | 2-3 |
| Bathrooms | 2 |
Completed in 2021, the project comprises three types of units – Type A has a built-up of 750sq ft, with 2 bedrooms and 2 bathrooms; Type B offers 3 bedrooms and 2 bathrooms, with built-up of 860sq ft; and Type C units has built-up of 1060sq ft, with 3 bedrooms and 2 bathrooms.
3. M Vertica
The project, developed by Mah Sing Bhd, is aimed to be the affordable housing located in a prime area, and expected to have high capital appreciation and higher rental yields.
M Vertica consist of 5 blocks of 50-storey condominium building, offering more than 3,600 units with two types of layout – Type A and Type B.
| Price | From 478K |
| Built-up | From 850 sq. ft |
| Tenure | leasehold |
| Bedrooms | 3-4 |
| Bathrooms | 2 |
Type A features 3-bedroom units, with a built-up of 850sq ft; while Type B has a built-up of 1,000sq ft, featuring 4-bedroom units, priced at RM478,800 and RM638,800, respectively, or and average of RM568psf. The project is targeted for young and first-time buyers.
4. Sunway Velocity Two
Sunway Velocity Two is a self-contained development surrounded by amenities, located within a stone’s throw of a KLCC shopping mall, medical centres, hotels, and education centres.
| Price | From 640K |
| Built-up | From 635 sq. ft |
| Tenure | leasehold |
| Bedrooms | 2 |
| Bathrooms | 1 |
This residential project is directly linked to 3 MRT and 2 LRT stations. Sunway Velocity Two also boasts many amenities, such as a 1-acre private park, an infinity pool, an integrated playground, a children’s water playground, a yoga room, a karaoke room, and a sky deck.
5. One Cochrane Residences
The freehold residential project comprises two 37-storey tower blocks – Block A and Block B and a 10-storey car park and facilities block.
| Price | From 900K |
| Built-up | From 947 sq. ft |
| Tenure | Freehold |
| Bedrooms | 2 |
| Bathrooms | 2 |
One Cochrane Residences offers 224 condominium units at each block, with built-ups from 926sq ft to 1,227sq ft, featuring 1+1-, 2- or 3-bedroom units. Price starts at RM763psf.
Amenities and Facilities
Known for its variety of food choices, Jalan Peel has no shortage of its facilities and amenities, with the Sunway Velocity Mall, Aeon Maluri, IKEA Cheras, MyTown Shopping Centre, Berjaya Times Square and Pavilion KL offering a great deal of shopping choices.
Medical facilities near the locality include Sunway Medical Centre and Sunway Velocity Medical Centre, Prince Court Medical Centre, Pantai Hospital Ampang, Ampang Hospital and Universiti Kebangsaan Malaysia Hospital.
The area would suit budding families as there are plenty of schools in the vicinity such as SMK Convent Jalan Peel, SK Yaacob Latif, SJK (T) Cheras, SMK Cochrane, St Gabriel High School and SK Taman Maluri.
The well-known Sunway College @ Velocity is within the development, alongside other nearby educational institutions such as TMC College, Cybernetics International College Of Technology, Ypc International College and Institut Kemahiran Baitulmal.
Accessibility and Connectivity
One of the main selling points for the area is the connectivity and accessibility to and from Sunway Velocity.
The project is connected to the Maluri, Cochrane and Chan Sow Lin MRT stations, via covered walkways.
Located just 8km from the city centre, Sunway Velocity is accessible via Jalan Cheras, Jalan Cochrane, Jalan Sungai Besi, Jalan Tun Razak, SMART Highway, New Pantai Expressway and Maju Expressway, KL-Seremban Expressway.
Trends and prospects
The locality has been seeing an increase in prices as there are many potential development sites in the area and its surroundings.
Property experts say that the area has been thriving as a positive affect from MRT and proximity to the KL’s CBD. Prices is said to be on the rise as well, especially for those properties near the stations.
Jalan Peel and its vicinity is expected to see higher demands and will benefit from the massive developments happening around and has potential to be a prominent location.
Property players often site one common concern of Jalan Peel and its surroundings, which will be the congestion. As the area is filled with shops, houses and commercial centres, it becomes highly dense with population and hence, congested.
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