24 January, KUALA LUMPUR – Sunway Property today, launched its Super 5* easy home ownership scheme which will ease home ownership for buyers nationwide in a media briefing in Sunway Velocity TWO Sales Gallery.
Managing Director of Sunway Berhad’s property division, Sarena Cheah said that the Super 5* easy home ownership scheme will help homeowners purchase homes.
“To help homeowners own their dream home, the Super 5* easy home ownership scheme allows purchasers to pay RM 5,000 to own a unit and a flexi instalment plan for the differential sum. Sunway’s group of companies will offer a 95% guaranteed financing for eligible buyers with special interest rate during this campaign period. In addition to the government’s waiver of MOT for first time house buyers, Sunway will absorb the stamp duty for the transfer of ownership for properties above RM 1 million. The Super 5 provides a free financial health check that will help aspiring homeowners on their financial credibility. It is a quick and easy way to assess purchaser’s financing standing in order to own their dream home during this campaign period,” she said.
She also announced that Sunway Property will target sales of RM 1.3 billion for the financial year of FY2019 and launch projects worth RM 2 billion this year at a media briefing.
“We are confident that the launches will continue to do well as more than 70% of the new launches are either in integrated developments and townships where we co-invest in perpetual growth that delivers lifelong value for our community. In our integrated townships and developments, we currently have RM 3 billion investments under construction so we can grow in tandem with our communities,” she added.
Sunway Property currently has an unbilled sales of RM 2.1 billion providing future earnings visibility. Sunway Property will also continue to pursue landbanking activities suitable for transit-oriented and mixed-use developments in Malaysia, Singapore, Australia and the UK.
It’s current landbank in diversified locations stands at 3,289 acres with a total GDV of RM56.8 billion with 54% of the landbank in Johor, 25% in Klang Valley, 6% in Penang, 1% in Singapore, and 14% in other locations.
Central Region: Launches of RM 630 million, investments of RM 1.6 billion under construction
In Klang Valley, Sunway Property will launch the second block of the first phase of Sunway Velocity TWO which is a high-rise residential development with a GDV of RM 300 million; a high-rise residential development in Wangsa Maju, Sunway Avila with a gross development value (GDV) of RM 230 million, and townhouses in Sunway GEOLake Residences in Sunway South Quay with a GDV of RM 100 million.
Property investments currently under construction in Klang Valley are the 240-bed Sunway Medical Centre in Sunway Velocity; Sunway Monash University Residences, an expansion of Sunway Medical Centre, and an expansion of the Sunway International School in in Sunway City KL worth RM1.6 billion.
Southern Region: Launches of RM 260 million in GDV, investments of RM 445 million under construction
In the southern region, the developer will launch townhouses and phase three of Sunway Citrine Lakehomes in Sunway Iskandar worth RM 100 million in GDV and landed residential units in Sunway Lenang Heights with a GDV of RM 160 million.
Property investments currently under construction are the expansion of Sunway International School, Big Box Retail, Big Box Office, and Big Box Hotel worth RM 445 million in total.
The 24-acre Sunway Big Box Village will be the first large format retail village in Malaysia and Singapore. Unlike other retail centres, the Sunway Big Box Village will be designed in an open concept, the all-new retail experience. It will encompass 500,000 sq ft (GFA) in retail space, and will be completed by the fourth quarter of 2019.
Adjacent to Big Box Village is Sunway XPark, a 32-acre unique leisure component which will be opened in April this year. The XPark provides extreme sports such as kayaking, Go-kart, paintball, wall climbing, ATV, and glamping amongst others.
Sunway Citrine Hub is also fast becoming the heartbeat of Sunway Iskandar.
To-date, the 71,000 sq ft (NLA) Sunway Citrine Hub is 100% tenanted with tenants such as the first Jaya Grocer in Johor; Starbucks, Mr DIY, 7 Eleven, Awesome Brew, Heaven’s Door Bistro, Morganfield’s, Sushi House, the first Sunway Pharmacy in Johor, and many more.
Northern Region: Launches of RM 130 million, investments of RM 900 million under construction
In Ipoh, Perak, Sunway will launch the first of its kind hotsprings serviced suites, Sunway Onsen Suites which has a GDV of RM 130 million.
Conceptualised as the first serviced suites in Asia integrating natural hot springs within the development, the serviced suites development is located within a RM 1 billion GDV
integrated development spanning 31 acres, which includes the proposed Lost World Mall, Medical Centre, assisted living residences with hot springs facilities and education facilities.
In Penang, currently under construction in the northern region are the 180-bed Seberang Jaya Medical Centre, and the Sunway Carnival expansion totaling RM 900 million in investments.
Singapore: Widening footprint
In Singapore, Sunway Property has widened its footprint with the purchase of two parcels of prime land last year in Clementi (Sunway equity = 30%) and Canberra Link (Sunway stake = 35%) totaling 13.02 acres for developments totaling an estimated RM 4.6 billion (RM SGD 1.5 billion) through its joint venture vehicle with Hoi Hup Realty.
This year, Sunway Property will launch the residential Brookvale Park, Clementi in Singapore with an estimated GDV of RM 1 billion.
Sunway Property has also acquired a new plot of 6.16 acres land in Tampines through the same joint venture vehicle for development into an executive condominium housing development (EC development) with a planned GDV of RM 2.4 billion (SGD 800 million).
For more information on Sunway’s launches please visit : visit www.sunwayproperty.com, or follow its Facebook page.
*The Super 5 package is subject to terms and conditions and variations with respective participating projects nationwide for a limited time only.