Press Release: Sunway Property Targets RM 2.2B Sales, Introduces New Integrated Wellness Hubs Across Malaysia

Announces RM 2.2 billion for sales target for 2022 with 70% of its new launches in Malaysia after record year in 2021
Sunway Property to masterplan integrated wellness hubs in Malaysia’s high-growth regions to better serve communities
Sunway Property Pals+ expanded to offer benefits to Sunway Property’s tenants and sub-sale communities

Petaling Jaya, Jan 17
 ~ Sunway Property today announced that it had achieved a record RM 2.55 billion in sales last year (as of December 31, 2021) despite the pandemic, attributed to good sales in Singapore.

The sales achievement is the developer’s highest in its history, surpassing its revised sales target of RM 2.2 billion from its initial sales target of RM 1.6 billion.

On the back of the achievement, the Master Community Developer will be targeting RM 2.2 billion in sales and RM 2.3 billion in launches for 2022. Almost 70% of its new launches will be in Malaysia with the rest being in Singapore and China.

Sunway Property Managing Director Sarena Cheah said that the developer will be leveraging the Sunway ecosystem to further improve the sustainability of communities around Malaysia in support of the nation’s recovery post-pandemic.

“The pandemic has put sustainability and wellness on top of everyone’s agenda. A key initiative for us is to develop integrated wellness hubs anchored by Sunway Medical Centre across Malaysia’s high-growth regions to provide holistic medical and wellness services to improve the overall well-being of our communities, as well as bringing our communities together through an innovative rewards programme to benefit the wider community,” said Sarena Cheah.

She added that the developer will continue to support the nation’s transition to a low-carbon, climate-resilient economy by transforming its townships into smart and sustainable cities. The developer will aim to continue to have all of its assets completed from 2025 to be green-building certified; carry out energy, water and waste management across its developments, as well as continue to invest in corporate social responsibility programmes to help those who need it the most.

Integrated Wellness Hubs Across Malaysia’s High-Growth Regions

To ensure the health of its communities, Sunway Property is currently masterplanning eight integrated wellness hubs across Malaysia’s highest growth regions where it has integrated townships and developments – Klang Valley (Sunway City Kuala Lumpur, Sunway Velocity in Kuala Lumpur, and Sunway Damansara), Penang (Sunway Seberang Jaya and Sunway Valley City), Ipoh (Sunway City Ipoh), and Johor (Sunway City Iskandar Puteri) – as well as Kota Bharu where it will be building its latest wellness hub.

The hubs will be anchored by Sunway Medical Centre with Singapore’s sovereign wealth fund GIC Pte Ltd as an investment and strategic partner. Sunway will invest RM 2 billion in capex in the next four to five years to build the medical centres.

Cheah explained, “Holistic wellness – mental, physical, emotional, spiritual, social and occupational – is of primary importance globally now. An integrated wellness hub will allow our wider community to pursue a wellness-centred lifestyle, and upgrade their living experience.”

Each of the integrated wellness hubs will be masterplanned with six key wellness pillars namely lifelong learning, sustainable living, modern and traditional care, active lifestyle, nature and multi-generational living, with the aim to provide a holistic wellness lifestyle and improve the overall well-being of the community.

Innovative Rewards Programme : Sunway Property Pals+ Expanded to Include Tenants and Sub-Sale Owners

Built on the idea to serve the wider communities, the developer announced that they will soon launch Sunway Property Pals+, offering rewards and benefits to buyers as well as tenants and sub-sale owners across Sunway Property developments, in addition to existing buyers who have previously benefitted from the original Sunway Property PALS programme.

The programme is specially curated and personalised to meet the practical and purposeful needs of different communities, by providing value added rewards and conveniences. These include convertible rent credit towards progressive payment for your first property purchase, property purchase benefits, F&B and retail rewards, home care and management services, wellness offerings and more.

Cheah said, “Because our community extends to more than just our buyers, and includes each and every one who resides or operates businesses across our developments, we have worked to expand Sunway Property PALS to serve our communities better which include our tenants and sub-sale buyers in addition to homeowners. Sunway Property Pals+ will also be an avenue to exchange and cultivate ideas with the wider community.”

Continues to Build for Its Community in High-Growth Regions, Targets RM 2.3 billion in launches

In 2022, across the regions, Sunway Property will continue to invest in its townships while launching and building community-centric green developments which are strategically-located in high-growth areas, tailored to suit evolving lifestyles in the new norm, and are designed for well-being while priced from RM 310,000.

In Klang Valley, Sunway Property will continue to expand Sunway Medical Centre into an international medical and wellness hub with three towers in progress and to be completed by the end of the year. Once complete, the international medical and wellness hub will integrate wellness services with leading edge clinical practice and modern technologies, such as tele-health, digital monitoring services, electronic medical records and robotic assisted surgical system, as well as introduce senior living for independent living and assisted care. The developer will also be building a new integrated waterfront lifestyle hub which will feature a new retail experience, a new performing arts centre for Sunway University, a cultural and arts street with al fresco dining and outdoor activities by the Sunway South Quay lake.

In terms of residences, Sunway Property will launch the first tower of serviced apartments in Jernih Residence in Kajang (GDV RM 281 million), condominium and superlink units in Sunway Alishan in Kuala Lumpur (GDV RM 261 million), and the first tower of serviced apartments in Bukit Jalil (GDV RM 275 million). Jernih Residence is a freehold transit-oriented development located in the heart of Kajang next to an MRT station, while Sunway Alishan is a freehold development located in Cheras.

In Penang, the developer will launch townhouses in Sunway Wellesley (GDV RM 120 million), and condominium units in Sunway Dora (GDV RM 71 million). The developer will also continue to construct Sunway Medical Centre Seberang Jaya (TDC RM 236 million) and expand Sunway Carnival Mall (TDC RM 500 million). Sunway Wellesley is a freehold mixed development located in the rapidly expanding township of Bukit Mertajam, while Sunway Dora is located in the growing Bayan Lepas.

In Ipoh, the developer will launch townhouses in Sunway City Ipoh (GDV RM 75 million). In total, the developer has allocated RM 2 billion to invest in Sunway City Ipoh which will include the development of the medical centre, a shopping mall with a net lettable area of 700,000 sq ft, and infrastructure upgrades together with the state government.

In Johor, the developer will continue to upgrade the township’s security, transition to fiber network, develop a cybercentre, launch another Ecole 42 free coding school, Sunway TES and Sunway XFarm in Sunway City Iskandar Puteri. Besides launching landed linked homes (GDV RM 213 million) in Sunway City Iskandar Puteri, the developer will also launch semi-detached homes and bungalows in Sunway Lenang Heights (GDV RM 93 million). The developer has also recently opened the RM 160 million, 284-room Sunway Hotel Big Box and will welcome even more people to its community this year when SJKC Cheah Fah opens in March, as well as Sunway Big Box Office in the township.

In Kota Bharu, Sunway Property will start the construction for the Sunway Medical Centre Kota Bharu which will anchor its wellness hub (TDC RM 200 million).

For its international markets, the property developer will launch private condominiums at Flynn Park (GDV RM 698 million) in Singapore, and Sunway Gardens in Tianjin, China (GDV RM 276 million).

With the acquisition of 20 acres of new land in 2021 with a potential GDV of RM 4.0 billion, Sunway Property’s landbank currently stands at 3,334 acres. Its unbilled sales currently stands at RM 4.0 billion providing earnings visibility for the next three years.

Cheah added, “2021 has been a year with challenges for us and we are thankful that we have made good achievements. We have our team, investors, and our communities to thank for this. As always, we won’t stop at just building developments but will continuously work to build the communities. We are here to stay for our communities.”

Starting the Year Warmest As One – Bai Jia Bei

To demonstrate its commitment in building socially inclusive and sustainable communities aligned to its Master Community Developer proposition, Sunway Property’s management team also launched Sunway Property’s campaign for the upcoming Chinese New Year by revealing the patchwork quilt – Bai Jia Bei, sewn by Komuniti Tukang Jahit made out of 100 individual pieces of cloth.

Consisting of cloth collected from Sunway business units colleagues, staff and social enterprises, the quilt symbolises the coming together of all Malaysians for a better future post-pandemic as well as the developer’s renewed resolve to strengthen its Master Community Developer proposition to bring its communities even closer together.

For more information on Sunway Property and its new launches, please visit :
www.sunwayproperty.com

-END-

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Press Release: Sunway Property Acquires 245 Acres Of Prime Freehold Industrial Land In Kuang, Rawang

Sunway City Kuala Lumpur, Aug 3 ~
 Sunway Berhad’s (Sunway Berhad 5211) property arm, Sunway Property, through its wholly-owned subsidiary, Sunway Rawang City Sdn Bhd (“SRCSB”), had signed a Sale and Purchase Agreement (“SPA”) on Aug 2, to acquire a 245-acre parcel of prime freehold land at Kuang, Rawang from Kauthar Equities Sdn Bhd for a purchase consideration of RM115 million.

The acquisition and proposed development of the land will be carried out via a joint venture between Sunway City Sdn Bhd (a wholly-owned subsidiary of Sunway Berhad), and Amal Resources Sdn Bhd, who had signed a Joint Venture Agreement on the same day to subscribe into SRCSB as the joint venture company.

Situated adjacent to the LATAR Expressway (or Kuala Lumpur-Kuala Selangor Expressway), the 245-acre site offers excellent connectivity and is conveniently located just a 35-minute drive from Kuala Lumpur City Centre, as well as is within an hour’s reach from both the Kuala Lumpur International Airport and Port Klang.

The exceptional location makes it an ideal site for the proposed Industrial Technology Park to complement the burgeoning industrial areas in the Kuang and Rawang regions such as the Kuang Industrial Area and Rawang Industrial Park.

The proposed Industrial Tech Park will comprise factories, warehouses, and commercial components with a gross development value (GDV) of at least RM2 billion. The vision for the Industrial Tech Park is to establish a vibrant ecosystem that integrates state-of-the-art infrastructure, robust digital connectivity, and sustainable features.

Sunway Property Managing Director, Sarena Cheah said, “We are thrilled to announce the acquisition of this strategic parcel of freehold land in Kuang, Rawang to add to our overall portfolio. This acquisition signifies our dedication to developing a future-ready Industrial Tech Park that integrates technology, sustainability, and innovation to meet the needs of modern businesses and add to our ever-expanding industrial development portfolio.”

“The strategic acquisition is in line with Sunway Property’s commitment to driving innovation, technology, and sustainable development in the industrial sector while catering to the evolving needs of businesses in the digital age. We hope to contribute to spur innovation, economic growth, job creation and attract investments with this new project,” she added.

Sunway Property’s proven track record in sustainable development and its commitment to leverage technology would ensure that the Industrial Tech Park in Kuang, Rawang will strongly meet the demand in the industrial sector as well as set new benchmarks for the sector as a whole.   With a total landbank of 3,068 acres and a potential gross development value of RM49.7billion over a period of more than 15 years, Sunway Property is poised for sustainable growth.

-END-

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Sunway Property’s “Make It Possible” campaign for owners

Press Release by Sunway Property.

SUNWAY PROPERTY LAUNCHES NATIONWIDE “MAKE IT POSSIBLE” CAMPAIGN FOR OWNERS

Sunway Property announced the launch of its “Make it Possible” nationwide campaign which will run from now until September 16 to help Malaysians own their dream properties.

With the campaign, purchasers of Sunway Property’s various commercial and residential projects can look towards receiving up to an incredible RM 150,000 in rewards upon the signing of their sales and purchase agreement for selected Sunway properties in Klang Valley, Penang, and Sunway Iskandar, Johor which are purchased during the campaign period.

The rewards range from smart investment plans, fully-furnished home packages, attractive incentives, and guaranteed loans which will vary depending on the projects.

“The ‘Make it Possible Campaign’ is aimed at making property ownership even easier for Malaysians. We have a total of 16 participating projects nationwide as part of this campaign and we are very much looking forward to welcoming new members to our communities this year,” said Sarena Cheah, Managing Director, Property Division, Sunway Berhad.

She added that the “Make it Possible Campaign” will make it exceptionally easy for purchasers to be part of Sunway’s communities as it is in addition to Sunway Property’s Certainty Plus package for new owners which includes an instalment plan on differential sum, and downpayment as low as 3%.

The benefits of the campaign will be extended for Sunway GEO Lake, Sunway Serene, Sunway V Residences Suites, Sunway Gandaria, Sunway Mont, Sunway Eastwood, Sunway Montana, Sunway Nexis and Sunway Geo Flexi Suites in Klang Valley; Sunway Cassia, and Sunway Wellesley in Penang; Sunway GRID, Sunway Citrine Lakehomes, Sunway Emerald Residences and Sunway Lenang Heights in Sunway Iskandar, Johor.

As a Master Community Developer, Sunway Property ensures that its properties are built within a conducive ecosystem that supports the community’s growth. This is especially important at a time when people are cautious with purchases. In addition to owning a property, Sunway Property invests in liveability enhancements such as road accessibility, social living, access to healthcare and educational amenities prior to a project launch in order to meet the needs of its community.

For more information on the Sunway “Make It Possible” Campaign, please log on to
www.sunwayproperty.com
.

— end of press release —

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Press Release: Unleash the Magic: Sunway Property Welcomes New Homebuyers and Their Families to the Community in Sunway Lagoon Night Park!

Master Community Developer, Sunway Property, held its first ever Sunway Property Reward+
Buyers’ Nite
 last weekend at the Sunway Lagoon Night Park to welcome new homebuyers and their families to the Sunway community.

This is the biggest event ever hosted by Sunway Property since the pandemic and it is also the first largest single event held in Sunway Lagoon Night Park since its launch November last year.

Sunway Property representative interviewing homebuyers about their experience of the Buyers’ Nite.

The Night Park was closed exclusively for homebuyers. Specially curated for the
Buyers’ Nite
, Sunway Theme Park customized the layout of the park by adding 16 new activities and dazzling stage shows to deliver a magical experience. They also opened up special attractions and Food Streets that are usually closed for Night Park.

Spectacular fire dance with jaw dropping performance to entertain the crowd that is seeing this for the first time.

Sunway Property Chief Brand and Marketing Officer, Gerard Yuen said, “Sunway Property Reward+
Buyers’ Nite
 not only celebrates homebuyers and their families but also an opportunity for all of us in Sunway Property to get to know our community personally and for them to experience the Sunway brand. For example, one interesting recurring feedback is the number of requests from buyers to meet their neighbors.”

“By knowing our community better, we can continue to offer privileges and conveniences to them and their families for generations to come. Sunway Property is currently having the Signature Series 2023 campaign, and we hope to see more new homebuyers experience the community. Homebuyers can expect a new era of Reward+, where Sunway Property will continue to reimagine and offer exciting new experiences in collaboration with the Sunway ecosystem. Owning a Sunway Property offers you more than just the property itself, but a community experience curated by Sunway,” he added.

Sunway Property Reward+ is one of the three pillars of Sunway Property’s post-purchase experience. This initiative was launched last year for its community of owners, sub-sale owners and tenants in Sunway Property’s developments including a Rent+ tenant program and a Care+ home care program.

Inspired by Sunway Property’s tagline of “We Care, We Stay with You for Generations”, the enhanced layout and programming are a surprise and delight not only for children but also exhilarating for guests of all ages as well. In addition to that, there was also a lucky draw where attendees could stand a chance to win up to three Gordon Ramsay Bar & Grill vouchers worth RM1,000 each.

The magical experience started from Sunway University, where homebuyers and their families have the option to park-and-ride a chartered shuttle bus to Sunway Lagoon. Homebuyers are treated to a mini tour of Sunway City Kuala Lumpur, specially narrated by Sunway University Student Guides that volunteered as Brand Experience Representatives for the
Buyers’ Nite
.

Homebuyer Jegathesan Fernandez said, “The last time I took a bus tour was when I was travelling in Europe before the pandemic. It was indeed a refreshing experience to be able to take a bus tour again. Thank you, Sunway Property.”

Despite the rain, more than 1,000 homebuyers turned out. The
Buyers’ Nite
 ended with a magnificent and memorable firework display at the Sustainable Development Goals walk with an exclusive Sunset Cruise featuring an unparalleled live DJ Show. The fireworks can be seen lighting up the whole skyline of Petaling Jaya, clearly visible even from the most recently handed-over Sunway Serene project.

Another homebuyer Julian Lim said, “It is a perfect night and I do hope there will be more events like these as they show how much Sunway values its buyers. It makes me feel like I am appreciated. I will encourage my friends to purchase Sunway properties and I also believe my next investment property will be from Sunway Property exclusively.”

Fireworks lighted up the Sunway City KL skyline, wrapping up the Buyers’ Nite with a bang!

Sunway Property has launched its Signature Series 2023 campaign, which will run until 30
th
June 2023. The campaign features Sunway Property’s Signature Homes across four regions, including Klang Valley, Johor, Penang, and Ipoh. Homebuyers who purchase during the campaign will be able to enjoy exclusive special deals on the Signature Homes. To learn more about the available promotions, visit any Sunway Property Sales Galleries.

Sunway Property Signature Series 2023 has 8 special deals on 8 properties in Klang Valley, book yours today and enjoy all the additional benefits on top of joining the Sunway community.

– END-

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Press Release: Sunway Property Records RM1 Billion Bookings For Signature Series 2023 Campaign

Bandar Sunway, August 7 –
Master Community Developer, Sunway Property has announced today that it recorded RM 1 billion in bookings from its recent flagship campaign, Signature Series 2023.

This year’s campaign achievement follows the success of last year’s Signature Series campaign, which had secured RM 800 million in bookings for the developer.

Sunway Property Chief Brand and Marketing Officer, Gerard Yuen attributed the success of the campaign to the homebuyers’ ongoing strong support for the Sunway Design and Development Architecture (SDDA) design philosophy, saying, “We are appreciative of the strong support from our community, affirming the value that SDDA is delivering.”

Lifestyle & New Experiences Exemplified: Sunway Serene’s Interactive Water Playground inspired by Sunway Lagoon

Yuen continued, “We will continue to deliver value by ensuring that every Signature Home we create includes the highest standards of Sustainability, Innovation, Health & Wellness, and Lifestyle & New Experiences, allowing communities to continue to thrive and grow. In conjunction with our 50
th
 Anniversary celebration next year, we are looking forward to launching an even bigger campaign which homebuyers can look forward to.”

One key aspect of the Signature Series 2023 campaign is the automatic inclusion of new homebuyers into the Sunway Property MCD Community membership. This membership grants homebuyers access to a range of specially curated post-sales services, including Rent+, Care+, and Reward+, making the MCD Community membership truly special and unique.

Yuen further elaborated on the advantages of the MCD Community membership, stating, “Our MCD Community membership is designed to offer more than your typical home buying experience. It ensures that every resident continues to feel valued and supported throughout their entire homeownership journey. Furthermore, the membership’s benefits extend beyond homebuyers; they are also available to sub-sale buyers and tenants of Sunway Property.”

A Sunway Homeowner Delighted with the Exceptional Care+ Cleaning Service

The offerings under the membership include a rent credit program, home care services such as cleaning, and other exciting lifestyle rewards from Sunway’s ecosystem. This approach ensures that every individual feels like a valued member of the Sunway community, regardless of whether they reside in the township or standalone development, further strengthening the Master Community Developer’s “We Care, We Stay” tagline.

Overall, the success of the Signature Series 2023 campaign not only reflects the demand for Sunway Property’s Signature Homes but also highlights the developer’s dedication to creating sustainable and vibrant communities through its meticulous design philosophy (SDDA) and exceptional post-sale services (MCD Community membership).

The featured projects for the campaign were:

Klang Valley Developments

Sunway Serene
 – a signature family-centric lakefront development in Petaling Jaya with resort theme park-oriented facilities, fronting a 15-acre lake and a golf course view.

Sunway Artessa
 – freehold residences in Wangsa Maju which overlooks the majestic view of the Klang Gates Quartz Ridge, and integrates a co-working space with a herb garden.

Sunway d’hill
 – located within the mature township of Kota Damansara- offers the best modern conveniences whilst achieving a perfect balance with nature and is 100m away from the 800-acre Kota Damansara Community Forest Reserve.

Sunway Velocity TWO
 – linked via a walkway to the highly successful Sunway Velocity integrated development which includes retail, healthcare, education, commercial and a two-acre park as well as connected to two MRT and two LRT stations.

Sunway Belfield
 – a freehold development located in the heart of KL City, with Merdeka 118 and Chinatown, Petaling Street, just a mere 800 m walk away.

Jernih Residence
 – a freehold transit-oriented development located within the heart of Kajang priced for entry-level purchase with prices starting at RM 270,000.

Sunway Alishan Residences
 – a freehold low-density development including 240 units of condominium units situated in Cheras KL, crafted with thoughtful features for multigenerational living.

Sunway Flora Residences
 – the first GreenRE Platinum-certified residential development located in the burgeoning township of Bukit Jalil featuring biophilic nature living.

Johor Developments

Sakura Residence
 – a first-of-its-kind luxury residential estate utilizing innovative Japanese design and technology in Sunway City Iskandar Puteri.

Sunway Citrine Residences
 – strategically located next to Malaysia-Singapore Second Link and the 20-acre Sunway Emerald Lake in Sunway City Iskandar Puteri.

Sunway Emerald Residence
 – Gold Winner of The Edge Best Managed & Sustainable Property Award 2023, located on an elevated terrain next to the 20-acre Sunway Emerald Lake.

Sunway Lenang Heights
 – a freehold low-density development spread over 88 acres with 60% green space, located next to Taman Molek in Johor, with the highest QLASSIC score in Sunway Property’s history.

Sunway GRID Residence
 – a GreenRE Gold-certified development that integrates retail, flexi-suite, and residential components with recognition from the Malaysia Book of Records for “First Property Customization & Online Purchase System.”

Sunway Aviana
 – the first landed terrace residential development in the Parkview Precinct.

Ipoh Developments

Sunway Onsen Suites
 – the first of its kind development in Sunway City Ipoh which integrates natural hot springs in the sky.

The soon-to-be-launched
Sunway Bayu
 – flexi-terrace homes surrounded by million-year-old limestone hills, is the latest collection of resort living with urban luxuries meld with nature’s raptures in Sunway City Ipoh.

Penang Development

Sunway Dora
 – a freehold mix-development at the heart of Bayan Baru, Penang.

   -END-

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Press Release: Sunway Property Records More than Half a Million Sales for Always With You 2021 Campaign

Award-winning Master Community Developer, Sunway Property, has recorded sales of RM 553 million in two months as a result of its “Always with You 2021” campaign that featured five of its newest developments designed for new norm living.

This brings the developer’s sales closer to its sales target of RM 2.2 billion. The developer has revised its sales target upward to RM2.2 billion this year, after surpassing its initial sales target of RM1.6 billion in the first half of the year.

Central Region Executive Director Chong Sau Min said that all the new launches incorporated sustainable design considerations that deliver more connected developments while supported by lifestyle conveniences, better quality buildings, improved air quality, as well as provide cost savings on energy and water.

“We attribute the success of the campaign to the renewed interest in homes that prioritise wellbeing due to shifting consumer preferences since the lockdowns due to the pandemic and the design of the campaign which provides ease of mind to new homeowners.”

“Each of the developments are strategically located with thoughtful designs, lush landscaping and new norm features including natural ventilated lobbies, co-working spaces and other features for sustainable living with prices starting from an affordable RM525,000. We also prioritised natural ventilation and sunlight, with views to the outdoors which provide much-needed respite from relentless patterns of online work and learning. Each development comes with abundant facilities which double up as spaces to exercise and recharge,” he said.

The campaign ran from 15 October and will be ending on 31 December 2021. Purchasers will be able to leverage on up to 12 months interest-free payments for savings up to RM 23,000. With more people cooking and eating at home, the developer also provided installations for kitchen cabinets. An option to exit is also provided as a safety net in case of loss of employment, disability or critical illness for a period of 12 months from the date of booking and subject to the applicable terms and conditions.

On top of the offerings, in conjunction with the Home Ownership Campaign which ends on 31 December 2021, new homeowners will enjoy a waiver on the Memorandum of Transfer (MOT) and loan stamp duty savings up to RM 32,000. During the campaign period, purchasers also stood a chance to win weekly giveaway prizes worth a total of RM 63,888 including Dyson fans and vacuum cleaner, Panasonic smart TVs and ovens.

The participating projects of the campaign are Sunway Serene, Sunway Velocity TWO, Sunway Belfield, Sunway Artessa and Sunway d’hill Residences.

Sunway Serene, a hidden gem in Petaling Jaya, provides a unique premium lakefront living experience, surrounded by lush greenery, and comes complete with a 1.2 km jogging path by the lake with a majestic 36-hole golf course view and view of a 15-acre lake. There is a care centre within the development itself supported by our trusted healthcare provider, Sunway Medical Centre. The development has 49 exclusive lifestyle facilities including a 210m Lazy River.

Sunway Velocity TWO, with a GDV of RM2 billion is located on an 8.5-acre site in Cheras, Kuala Lumpur, right opposite the transit-oriented integrated development, Sunway Velocity complete with a shopping mall, medical centre, education institution, hotel, 2-acre central park, retail and offices. A mere 3.8 km to KL City Centre, it has a direct link to 3 MRT and 2 LRT stations, and includes modern lifestyle amenities including a 1-acre private park for its Tower C & D residents, co-working spaces, infinity pool, karaoke rooms, rooftop facilities, badminton court and many more. It also comes with dual key options to cater for multigenerational living or investors.

Sunway Belfield is in central Kuala Lumpur and located a mere 400 meters away from the Maharajalela Monorail Station, close to the iconic Petaling Street where food, culture and architectural heritage are abundant.  To top it all off, the residence is adjacent to the up and coming tallest building in Southeast Asia – Merdeka 118, where upon completion, will offer one million square feet of shopping and entertainment amenities for the residents to enjoy. To accommodate new norm lifestyles, the developer will be integrating a co-working space as a facility to accommodate those who are working from home.

The developer’s Sunway Artessa in Wangsa Maju, Kuala Lumpur is for those who are looking for larger residential units especially in the new norm where many are seeking more space so that they can work from home more comfortably. It is an exclusive low-density single condominium tower with only 468 units situated on a freehold land. It has a typical unit size of 1,109sf and 1,303sf with spacious balcony and the development is connected by a covered walkway to Sri Rampai LRT station located just 500m away.

Situated in the heart of Kota Damansara with ample urban convenience such as retail, banking, education and medical services as well as to meet the renewed interest in health and well-being, the Sunway d’hill Residences development is ideal for those who appreciate green living and fitness. Residents will be facing the Kota Damansara Community Forest Reserve, an 800-acre virgin rainforest located just 100m away, complete with 14km of hiking trails.

For more information on Sunway Property’s new launches and the Always with You 2021 Campaign, please log on to
https://www.sunwayproperty.com/awu2021/

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RM200 million worth of properties sold within the MCO by Sunway Property

Wow. RM200 million yeah. Just during MCO. Do read their media release below for more information and perhaps even dropping by and asking their sales people on some of the popular developments people buy during the MCO. kopiandproperty.com is not part of their digital campaign though I have seen some google adsense banners on kopiandproperty.com before. Happy reading.

Media Release –
PROPERTY PURCHASERS SNAP UP RM 200 MILLION WORTH OF PROPERTIES OVER MCO PERIOD

Sunway City, 22 May
 – Sunway Property today announced that purchasers has snapped up RM 200 million worth of its properties as a result of its digital campaign, “Always With You” in less than a month since the campaign’s roll out in end April during the MCO period.

The campaign also takes into the account the current conditions and rise in uncertainties, with Sunway Property assisting with financial aid and competitive pricing so that everyone can own their dream home.

Sunway Property Managing Director, Sarena Cheah said that the campaign was launched in response to the COVID-19 situation.

“The ‘Always With You’ campaign was launched in response from the feedback we had from customers who were still keen to own a home but were cautious of the economic conditions as a result of the pandemic. To minimise their risk for home ownership, we have included a voluntary exit plan as part of the campaign,” she added.

Due to the pandemic, there are rising concerns on job security accompanied by uncertainties of the current situation. As such, the voluntary exit plan is being put in place to allow customers to still purchase their dream home with an ease of mind as they are able to exit the purchase in the event of a loss of employment and obtain a refund. The voluntary exit plan is also applicable in cases of disability or critical illness up to 12 months from the signing of the sales and purchase agreement or up to vacant possession, whichever is earlier.

During the campaign, homeowners are also able to enjoy a subsidy of up to RM 50,000, interest-free instalment plan of up to 24 months, a flexi financing scheme to cater to different customer needs and opt for a guaranteed loan up to 95% by Sunway.

Cheah added that the digital campaign was launched in tandem with the shift in customer behaviours as a result of the Movement Control Order (MCO) and Sunway Property will continue to focus on social media and online digital marketing channels to reach out to interested buyers.

“As consumers shifted their purchases online during the MCO, we had doubled up our customer engagement online, interacting with our customers through virtual tours, live chats and other digital channels. During our engagement with them, some of our customers highlighted their concerns about uncertainty yet are increasingly aware of the need to have well-built and well-designed homes, and the importance of homes as safe havens as they are spending more time at home because of the pandemic.”

“As a result of the campaign, purchasers have snapped up RM 200 million worth of properties, signalling to us that the demand is still strong. And for that, we have our home purchasers to thank, for their trust in our brand,” she said.

The campaign includes Sunway Property’s latest properties including seven developments in Klang Valley (Sunway GEOLake Condo and Townhouse, Sunway Gandaria, Sunway Avila, Infiniti 3, Sunway Serene and Sunway Subang), one in Ipoh (Sunway Onsen Suites), three in Penang (Sunway Cassia Semi-D and Terrace and Sunway Wellesley), and five in Johor (Sunway Citrine Lakehomes, Sunway Citrine Residences, Sunway Emerald Residence, Sunway GRID Residence, and Sunway Lenang Heights).

Customers can log on to
https://www.sunwayproperty.com/alwayswithyou/
 to arrange for a personal call for a step-by-step guide for online bookings.

— end of media release —

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Press Release: Sunway Property Launches Campaign In Conjunction With Launches in High-Growth Locations

Petaling Jaya, 14 February 2022
 ~ Master Community Developer, Sunway Property has launched its first campaign for the year, “Warmest as One, with Sunway Property” specially to welcome new homeowners into its communities.

During the campaign period which is from now till February 28, buyers can look forward to its “Warmest Prosperity Deals” which include a low booking fee of RM 500 for some of Sunway Property’s latest launches and hottest-selling properties, a Chinese New Year lucky dip up to RM 8,888, a free kitchen cabinet and mystery gift.

Central Region Executive Director, Chong Sau Min said the participating projects for the campaign includes two new projects – Sunway Artessa and Sunway d’hill Residences with the others being Sunway Property’s best-selling developments Sunway Belfield, Sunway Velocity TWO and Sunway Serene.

“With the campaign, we look forward to welcoming new residents to our new norm developments which are in high-growth areas to yield the best capital appreciation,” he said.

The developments are suited for families who are looking to start the new year as they are built to green certification standards which guide not only for better quality buildings, but also air quality, lower energy and water usage, and provides for a wellness lifestyle.

With consumers’ renewed interest in health and wellness, these thoughtfully designed homes are plush with green landscaping and new norm features such as co-working spaces and facilities for exercise and recharge. Within the units, buyers will be welcomed to a home filled with sunlight, natural ventilation as well as views of the outdoors, which provide much-needed relief from extended periods of online work and learning. These sustainable features aim to meet shifting consumer preferences and provide ease of mind to new homeowners and investors alike.

In conjunction with the campaign, the developer also launched a social media contest where participants can like the Sunway Property page on Facebook and Instagram, take a screenshot of the full “Bai Jia Bei” and express what brings warmth this Chinese New Year or watch a video and answer questions to win exclusive Chinese New Year gift boxes and a pair of LG PuriCare Wearable Air Purifiers.

Sunway Artessa is a freehold low-density residential development in Kuala Lumpur, a mere 6.5 km to KLCC. Sunway Artessa is transit-connected through a covered walkway to the Sri Rampai LRT station just 500 metres away. Matching its green surroundings, the development has received a provisional GreenRE Gold, with design considerations including all bedrooms facing external for better daylight and ventilation. The development is north south orientated for lower energy consumption while offering a wellness lifestyle for everyone within. The new development is adjacent to Sunway Property’s highly successful Sunway Avila development which had achieved a 100% take-up rate.

Sunway d’hill Residences is located in the mature township of Kota Damansara just 100 metres away from the 800-acre Kota Damansara Community Forest Reserve (KDCFR) which is a virgin rainforest. Designed as a mixed residential development with retail and dining conveniences at the ground floor for the community’s convenience, the development is also GreenRE Gold certified with more than 2.7 acres of green open spaces and with more than 30 modern lifestyle facilities.

Sunway d’hill Residences is supported by superb modern conveniences such as malls, transportation hubs, retail, banking, education, medical facilities and golf & polo clubs within 5km. The development is practically designed with all bedroom windows facing outdoor for ample natural light and ventilation and with unobstructed view of forest or cityscape.

The Sunway Belfield development spans 4.53 acres and comprise of three residential towers. Located only 400 meters away from the Maharajalela monorail station, residents will be a mere two stops away from the KL Sentral transportation hub and three stops away from the Bukit Bintang MRT connecting station.

The development is also located 400 meters away from SJK (C) Kuen Cheng 1 and 800 meters away from Petaling Street and the upcoming Merdeka 118 tower, which upon completion will offer one million sq ft of shopping and entertainment, 83 storeys of corporate offices, 12 storeys of hotel rooms, 5 storeys of hotel residences and a retail business centre.

The development is also within a five-kilometer radius of KLCC, KL Tower, TRX, Alice Smith International School, Taylor’s International School, Pavilion Kuala Lumpur, Tung Shin Hospital and Sunway Velocity Medical Centre. Tower A and Tower B  which were launched previously enjoyed a take-up rate of 95% while Tower C is now available for sale.

Sunway Belfield Roof Garden

Sunway Velocity TWO, a mixed development with four residential towers, is located adjacent to the integrated development of Sunway Velocity and is connected to the 1,000,000 sq ft Sunway Velocity Mall, medical centre, and college. A mere 3.8km to KL City Centre, it has a direct link to 3 MRT and 2 LRT stations, and residents of Tower C and Tower D of the development will have access to a one-acre private park with a jogging path and outdoor exercise stations.

It also comes with dual key options to cater for multigenerational living or investors. Tower A and Tower B were fully sold out in less than a year, while Tower C which was launched in early 2021 achieved a take-up rate of 80% and Tower D is now open for booking.

 Sunway Velocity TWO Show Unit

Sunway Serene is a development located in Petaling Jaya. The development overlooks a majestic 36-hole golf course and a 15-acre lake view where residents can pursue wellness activities. The development integrates a Care Centre supported by Sunway Medical Centre at the facilities podium, and exclusive lifestyle facilities such as a 210m lazy river for leisure cruises, Sky Gym and Jacuzzi.

The development is certified as a GreenRE Gold development. and has achieved an 85% take-up rate.  To book your new home at a low RM 500, please log on to :
https://www.sunwayproperty.com/cny2022/?SID=42658
.

– End –

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Press Release: Sunway Property Launches Campaign in Conjunction with New Launches Prioritising New Norm Living

Award-winning Master Community Developer, Sunway Property, has launched its “Always with You 2021” campaign today in conjunction with the soft launches of its four new developments designed for new norm living.

The developer has revised its sales target upward to RM2.2 billion this year, after surpassing its initial sales target of RM1.6 billion in the first half of the year.

The developer will launch four new developments for the final part of the year – Sunway Artessa, Sunway d’hill, Sunway Velocity TWO Tower D, and Sunway Belfield Tower C totaling RM1.8 billion in GDV.

Central Region Executive Director Chong Sau Min said that all the new launches incorporate sustainable design considerations that deliver more connected developments supported by lifestyle conveniences, better quality buildings, improved air quality, as well as provide cost savings on energy and water.

“There is a renewed interest in homes that prioritise wellbeing due to shifting consumer preferences since the lockdowns due to the pandemic. Each of the developments are strategically located with thoughtful designs, lush landscaping and new norm features including natural ventilated lobbies, co-working spaces and other features for sustainable living with prices starting from an affordable RM525,000.

We also prioritised natural ventilation and sunlight, with views to the outdoors which provide much-needed respite from relentless patterns for online work and learning. Each development comes with abundant facilities which double up as spaces to exercise and recharge,” he said.

The participating projects of the campaign are Sunway Serene, Sunway Velocity TWO, Sunway Belfield, Sunway Artessa and Sunway d’hill.

Sunway Serene, a hidden gem in Petaling Jaya, provides a unique premium lakefront living experience, surrounded by lush greenery, and comes complete with a 1.2 km jogging path by the lake with a majestic 36-hole golf course view and view of a 15-acre lake. There is a care centre within the development itself supported by our trusted healthcare provider, Sunway Medical Centre. The development has 49 exclusive lifestyle facilities including a 210m Lazy River.

An actual photo of Sunway Serene taken on site, which provides a unique premium lakefront living experience, surrounded by lush greenery

Sunway Velocity TWO, with a GDV of RM2 billion is located on an 8.5-acre site in Cheras, Kuala Lumpur, right opposite the transit-oriented integrated development, Sunway Velocity complete with a shopping mall, medical centre, education institution, hotel, 2-acre central park, retail and offices.

A mere 3.8 km to KL City Centre, it has a direct link to 3 MRT and 2 LRT stations, and includes modern lifestyle amenities including a 1-acre private park, co-working spaces, infinity pool, karaoke rooms, rooftop facilities, badminton court and many more. It also comes with dual key options to cater for multigenerational living or investors.

Artist’s impression of Sunway Velocity TWO, an expansion of the successful integrated development, Sunway Velocity whereby conveniences are within reach.

Sunway Belfield is in central Kuala Lumpur and located a mere 400 meters away from the Maharajalela Monorail Station, close to the iconic Petaling Street where food, culture and architectural heritage are abundant.  To top it all off, the residence is adjacent to the up and coming tallest building in Southeast Asia – Merdeka 118, where upon completion, will offer one million square feet of shopping and entertainment amenities for the residents to enjoy. To accommodate new norm lifestyles, the developer will be integrating a co-working space as a facility to accommodate those who are working from home.

Artist’s impression of Sunway Belfield located in the heart of Kuala Lumpur City Centre.

For those who are looking for larger residential units especially in the new norm where many are seeking more space so that they can work from home more comfortably, the developer will launch Sunway Artessa in Wangsa Maju, Kuala Lumpur. It is an exclusive low-density single condominium tower with only 468 units situated on a freehold land. Typical units have a size of more than 1,100 square feet. The development is connected by a covered walkway to Sri Rampai LRT station located just 500m away.

Artist’s impression of Sunway Artessa, an exclusive low-density single condominium tower with only 468 units situated on a freehold land in Wangsa Maju, Kuala Lumpur.

To meet the renewed interest in health and well-being, the developer will launch Sunway d’hill for those who appreciate green living and fitness. Residents will be facing the Kota Damansara Community Forest Reserve, an 857-acre of virgin rainforest located just 100m away, complete with 14km of hiking trails.

Artist’s impression of Sunway d’hill, which faces the pristine Kota Damansara Community Forest Reserve.

The campaign will run from 15 October to 31 December 2021. Purchasers will be able to leverage on up to 12 months interest-free payments for savings up to RM 23,000. With more people cooking and eating at home, the developer is also providing installations for kitchen cabinets. An option to exit is also provided as a safety net in case of loss of employment, disability or critical illness for a period of 12 months from the date of booking and subject to the applicable terms and conditions.

On top of the offerings, in conjunction with the Home Ownership Campaign, new homeowners will enjoy a waiver on the Memorandum of Transfer (MOT) and loan stamp duty savings up to RM 32,000. During the campaign period, purchasers will also stand a chance to win weekly giveaway prizes worth a total of RM 63,888 including Dyson fans and vacuum cleaner, Panasonic smart TVs and ovens, iPad Pros and Bose surround speakers.

For more information on Sunway Property’s new launches and the Always with You 2021 Campaign, please log on to
https://www.sunwayproperty.com/awu2021/

-END of press release-

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Sunway Delivers Raya Cheer to More than 9,000 Beneficiaries Amidst CMCO

Press Release:
SUNWAY DELIVERS RAYA CHEER TO MORE THAN 9,000 BENEFICIARIES AMIDST CMCO

Sunway has kick-started its month-long #SunwayforGood Raya Cheer programme just ahead of the festive season to bring about much needed cheer to various communities in need. The programme is expected to reach out to more than 9,000 beneficiaries nationwide this year.

Taking a new approach, Sunway extends its Raya Cheer to reach out to frontline healthcare workers and essential service staff in acknowledgement of their tireless service to the nation during the Movement Control Order period, as well as prison inmates.

Sunway Group Deputy Executive Chairman, Tan Sri Datuk Seri Razman M. Hashim said, “While the MCO has been difficult for most Malaysians, invariably there are communities who are more adversely impacted by the pandemic than the others. It is more critical than ever before for us to shore up our support and deliver the necessary aid to them, not forgetting the frontline workers as well for their selfless contribution.”

“Sunway’s corporate responsibility, largely encapsulated in the #SunwayforGood initiatives, is our pledge to co-create a future with no one left behind in our communities. By working together, we can uplift the lives of those who need help the most; so we can build a sustainable, progressive nation that leaves no one behind,” he added.

Bubur Lambuk Distribution

The first initiative will see Sunway deliver a total of 6,500 packets of specially prepared
bubur lambuk
 to the frontline workers, essential service staff, and B40 families nationwide starting 1 May. The nutritious
bubur lambuk
 is prepared by Sunway Resort Hotel & Spa, Sunway Putra Hotel, Sunway Velocity Hotel, Sunway Hotel Seberang Jaya and Sunway Hotel Georgetown’s master chefs.

Sunway’s volunteers and partner, a not-for-profit organisation, Adab Youth Garage (AYG) will deliver 4,500 packets of
bubur lambuk
 to the frontline workers at Hospital Kuala Lumpur, Hospital Serdang and Hospital Sungai Buloh as well as essential service staff and B40 families around the Klang Valley every Friday from 1 May to 22 May. Another 2,000 packets of
bubur lambuk
 will be distributed by the Penang State Assembly for Seberang Jaya to selected B40 families.

Raya Luncheon for Prison Inmates

The second #SunwayforGood Raya Cheer initiative will see a special Hari Raya luncheon on 16 June, hosted by Sunway for the community of 1,700 in the Kajang Women’s Prison. Besides the luncheon, the community will also receive packets of cookies and toiletry hampers, which are also sold by the prison inmates.

Kajang Women’s Prison Director, PKK Lim Kim Mooi said, “The inmate’s small businesses such as production of batik and women’s clothes, floor mats and pastries as well as beauty parlour and spa room services has been affected by the MCO. The Hari Raya luncheon comes at the right time to lift up their spirits and also to support our inmate entrepreneurs during this festive period.”

Cheer-ful Raya Celebration for Orphans

Selangor Youth Community (SAY Community) will deliver Sunway’s cheerful gifts to 170 caretakers and children across four orphanages. The caretakers and children of Pusat Jagaaan Nur Barakah, Pusat Jagaan Baitus Sofwah, Pusat Pengurusan Al-Firdaus and Pertubuhan Anak Yatim Berkat Kasih (House of Love) will receive new clothes, groceries, “duit raya”, vitamin C packs, sanitisers and specially baked cookies courtesy of Sunway Malls, Sunway Property and Sunway Resort Hotel & Spa.

SAY Community Chief Executive Officer Nurul Azwa Rodzi said, “The selected orphanages were having difficulties in getting contributions that helps with the running of the operations since MCO. Sunway’s aid comes at a crucial time, and will make the celebrations a meaningful one for the children during these challenging times. We would like to thank Sunway for their contributions and commitment in helping the underserved communities.”

The Adab Youth Garage (AYG) and Selangor Youth Community (SAY Community) volunteers are equipped with 300 face masks donated by Sunway Medical Centre, in appreciation of their selfless contribution to the community during these trying times.

Meals for the Homeless

Sunway will also be delivering packed meals to more than 350 beneficiaries, who are seeking temporary shelter during at Stadium Indera Mulia, Ipoh. These nutritious meals will be prepared by the chefs of Sunway Lost World of Tambun.

Separately, Sunway City Iskandar is also partnering with Malaysian Red Crescent’s National Committee for Community Services & Health to prepare and deliver packed meals to some 900 beneficiaries, who are seeking temporary shelter at Kem Wawasan Negara Gunung Pulai, Johor. Celebrating inclusivity in the multicultural country Malaysia, the meals are distributed to all beneficiaries, regardless of race and gender.

Sunway is committed to the 2030 United Nations Sustainable Development Agenda, which is to pursue sustainable development that leaves no one behind. Sunway runs initiatives for people, planet and economic progress under the #SunwayforGood banner. #SunwayforGood initiatives will benefit at least 65,000 beneficiaries this year.

— end of press release —

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Dividend yield for REIT? Sunway REIT’s at 5.5 percent

First of all, I do not own a single unit of Sunway Real Estate Investment Trust (REIT). However, I have always believed that if we want to enter the property market but we are worried with volatility, REITs provide that opportunity. If I tell you that a property related stock has a dividend yield of 5.5 percent and that this stock is pretty stable, would you be thinking of buying some units and ride out the current market? Well, if the answer is Yes, then take a look at the image on the left. This is Sunway REIT’s latest announced results which was sent to all medias yesterday. Please be reminded that no one can predict the future results.

Do read about the assets under this REIT. Visit the assets, for example the malls or even the office towers and understand if these real estate assets are those that you would love to invest but yet could not afford. Many times, just by looking at the asset list, we would already be able to gauge if the REIT will be successful for may more years. As we know, even for shopping malls, there are the successful ones and there are many failed ones too.

Some other key highlights include:

o Revenue and net property income rose by 11.8% and 9.7% year-on-year respectively for FY2016

o DPU increased by 5.2% to 9.18 sen for FY2016, from 8.73 sen last year

o The Securities Commission has granted the waiver for the proposed land acquisition in Seberang Jaya, Mainland of Penang

You can refer to their
site for the full article
 but the following would be some information for Sunway REIT
.

Sunway Real Estate Investment Trust (Sunway REIT or Trust) is one of the largest retail-focused
3
 real estate investment trusts (REITs) in Malaysia with a diverse portfolio strategically located across award-winning integrated townships in key locations in Greater Kuala Lumpur, Penang, and Perak.

Sunway REIT was listed on the Main Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) on 8 July 2010. The market capitalisation of Sunway REIT stood at RM4.9 billion as at 30 June 2016. Sunway REIT is a component of FTSE-Bursa Malaysia Mid 70 Index, FTSE4 Good Index and TR/GPR/APREA Composite REIT Index Malaysia. Sunway REIT owns a portfolio of 14 assets comprising 4 retail malls, 5 hotels, 4 offices and a medical centre. Property value stood at RM6.43 billion as at 30 June 2016.

Sunway REIT’s assets are primarily located in Sunway Resort City (SRC) where its flagship asset, Sunway Pyramid Shopping Mall, is located. The other assets located in SRC include Sunway Resort Hotel & Spa, Sunway Pyramid Hotel East (formerly known as Pyramid Tower East), Menara Sunway and Sunway Medical Centre. On the northern Peninsular of Malaysia, Sunway REIT owns SunCity Ipoh Hypermarket in Perak. On the mainland of Penang, Sunway REITs owns Sunway Hotel Seberang Jaya and Sunway Carnival Shopping Mall. In FY2015, Sunway REIT added two assets into the portfolio, namely Wisma Sunway in Shah Alam, Selangor and Sunway Hotel Georgetown, marking its maiden foray into Penang Island.

Sunway REIT owns four properties in in Kuala Lumpur, namely Sunway Tower and the remaining three assets which constitute part of the 3-in-1 integrated development, Sunway Putra (formerly known as Sunway Putra Place). Sunway Putra consists of Sunway Putra Mall, Sunway Putra Hotel and Sunway Putra Tower.

3
 Retail-focused is defined as at least 60% contribution from the retail assets to property value, revenue or NPI.

written on 11 Aug 2016

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Press release by Sunway REIT – Income growing moderately

I am part of a small Whatsapp group of awesome bloggers. Just the other day one was asking, ‘Between MidValley and Sunway, which one is better to buy if I want to buy a Real Estate Investment Trust (REIT)?’ Sunway REIT had just sent me their press release. So, do read on if you think REIT is for you.

FINANCIAL RESULTS ANNOUNCEMENT

SUNWAY REIT REGISTERED A MODERATE NET PROPERTY
INCOME GROWTH OF 4.0% FOR THE FINANCIAL YEAR ENDED JUNE 2017

Key Highlights:

o   Revenue expanded by 3.1% year-on-year to RM522.9 million boosted by stronger than expected performance in the retail and hotel segments in the fourth quarter of FY2017

o   Sunway REIT proposed and declared a marginally higher distribution per unit of 9.19 sen, translating into a distribution yield of 5.2% and a total return of 12.4% for FY2017

o   Sunway REIT has completed the acquisition of an industrial property, Sunway REIT

Industrial – Shah Alam 1, marking its maiden foray into the industrial segment.

Financial Highlights

FYE June 2017

Current Quarter

Financial Year

4Q2017

4Q2016

Change

2017 (Unaudited)

2016(Unaudited)

Change

RM’000

RM’000

%

RM’000

RM’000

%

Gross revenue

132,536

123,585

7.2

522,868

507,013

3.1

Net property income (NPI)

98,516

90,170

9.3

388,817

373,851

4.0

Net Realised income

66,818

60,618

10.2

270,586

262,473

3.1

Unrealised income / (loss)
1

152,024

62,279

>100.0

153,898

61,223

>100.0

Total profit for the period
1

218,842

122,897

78.1

424,484

323,696

31.1

Proposed / declared distribution

(66,853)

(62,411)

7.1

(270,652)

(270,075)

0.2

Distribution per unit (DPU) (sen)

2.27

2.12

7.1

9.19

9.18

0.1

Distribution yield (Based on unit price of RM1.78 per unit on 30 June 2017)

N.A

N.A

5.2%

5.5%
2

N.A

1
Mainly contributed by fair value gains arising from asset revaluation

2
 Based on actual DPU of 9.18 sen declared in FY2016 and unit price of RM1.66 as at 30 June 2016.

N.A.  denotes not applicable

Bandar Sunway, 10 August 2017
 – Sunway REIT Management Sdn. Bhd., the Manager of Sunway Real Estate Investment Trust (“Sunway REIT”), is pleased to announce its financial results for the period ended 30 June 2017.

Financial year 2017 unaudited financial results for the period from 1 July 2016
to 30 June 2017 (“FY2017”)

Sunway REIT has reported a marginally higher distribution per unit (DPU) in FY2017 despite the disruption of income arising from the refurbishment of Sunway Pyramid Hotel, which was closed since April 2016. For the financial year ended 30 June 2017, Sunway REIT proposed and declared a total DPU of 9.19 sen, representing a marginal increase of 0.1% compared to FY2016. Based on the unit price of RM1.78 as at 30 June 2017, this translated into a distribution yield of 5.2%.Sunway REIT has achieved a total return of 12.4%, contributed by distribution yield of 5.2% and appreciation in unit price of 7.2%.

For the financial year ended 30 June 2017, revenue expanded by 3.1% year-on-year (y-o-y) to RM522.9 million, boosted by stronger than expected performance from the retail and hotel segments in the fourth quarter of FY2017, resilient performance from the retail segment throughout the financial year and gradual improvement in the office segment. Net property income (NPI) rose by 4.0% y-o-y to RM388.8 million in FY2017, mainly attributable to higher NPI across all segments.

Retail segment remained as the largest contributor to revenue and NPI growth. Revenue and NPI for the retail segment grew by 5.8% y-o-y and 7.6% y-o-y respectively, contributed by higher average occupancy rate and average rental rates at Sunway Pyramid, Shopping Mall and Sunway Carnival Shopping Mall. In addition, Sunway Putra Mall has recorded improving performance in the second year of operation. Revenue and NPI for Sunway Putra Mall in the previous year was lower due to 2.5-month rebate granted during the initial opening of the mall.

After a lull period, the office segment reported improvement in revenue and NPI on the back of higher average occupancy rates for Menara Sunway and Sunway Putra Tower. The stronger set of financial performance was partially offset by lower contribution from the hotel segment mainly due to disruption in income contribution by Sunway Pyramid Hotel which was closed for refurbishment since April 2016.

Fourth quarter unaudited financial results for the period from

1 April 2017 to 30 June 2017 (“4Q FY2017”)

Sunway REIT reported a revenue of RM132.5 million in the 4Q FY2017, representing a growth of 7.2% compared to the corresponding quarter in the preceding year. NPI increased correspondingly by 9.3% y-o-y to RM98.5 million. The financial performance for the quarter was stronger than expected contributed by the retail and hotel segments coupled with gradual improvement from the office segment.

The higher income from the hotel segment was attributable to stronger demand for MICE activities at Sunway Resort Hotel & Spa and Sunway Pyramid Hotel upon the full completion of its refurbishment in 4Q FY2017. The hotel was progressively opened since November 2016.

For the quarter ended 30 June 2017, the Manager proposed a DPU of 2.27 sen, representing an increase of 7.1% compared to the same period last year. Dato’ Jeffrey Ng, CEO of Sunway REIT Management Sdn. Bhd., commented, “I am pleased to share that we managed to report a marginally higher DPU than the previous financial year despite the income disruption arising from the closure of Sunway Pyramid Hotel. It is indeed a better than expected set of financial results for this financial year.”

On 1 August 2017, Sunway REIT has completed the acquisition of its maiden industrial property in Shah Alam. Thereafter, Sunway REIT announced the proposed acquisition of the mixed-use Sunway Clio comprising a 4-star hotel, a retail podium and car park bays for a purchase consideration of RM340 million on 3 August 2017.

He added, “We continue to grow and diversify our income base in order to deliver sustainable growth in DPU over the long-term horizon. We expect the new acquisitions to contribute positively to our DPU.”

Sharing on the prospects, he commented, “Indicators are pointing towards a gradual recovery in consumer sentiment and business confidence supported by continuous growth in the domestic economy. Sunway REIT is well-positioned to capitalise on the recovery based our diversified portfolio of properties.”

He elaborated, “Barring any unforeseen circumstances, we expect Sunway REIT’s DPU to grow moderately supported by moderate growth in the retail segment, resumption in income contribution from Sunway Pyramid Hotel following the full completion of its refurbishment in June 2017 and gradual improvement in the overall occupancy of the office segment. In addition, we expect new income contribution from the recent acquisitions to contribute positively to the DPU in FY2018 and beyond.”

On 4 August 2017, Sunway REIT bagged the Gold Award for The Asia Pacific Best of the Breeds REITs Awards 2017 for Retail REIT (Malaysia) in Singapore. The award recognises REITs and managers with the highest standards and performance in the Asia Pacific REITs sector.

— end of press release —

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Press Release by Sunway REIT – Nine Months of Financial Year Ending June 2018

FINANCIAL RESULTS ANNOUNCEMENT

NET PROPERTY INCOME FOR SUNWAY REIT INCREASED BY 10.1% FOR THE

NINE MONTHS OF FINANCIAL YEAR ENDING JUNE 2018

Key Highlights:

o    Healthy revenue growth of 8.7% year-on-year to RM424.2 million for the 9M FY2018,

supported by growth across all segments and new income contributions from completed

acquisitions during the financial year.

o    Proposed DPU of 2.37 sen for the third quarter of FY2018, bringing 9M FY2018 DPU

to 7.42 sen and annualised distribution yield of 6.2%.

o    The acquisition of Sunway Clio Property was completed in February 2018.

o    Proactive capital management to mitigate refinancing risk and optimise debt profile.

o    Expansion of Sunway Carnival Shopping Mall has commenced in March 2018.

Financial Highlights

FYE June 2018

Current Quarter

Year-to-Date

3Q2018

3Q2017

Change

3Q2018 (Unaudited)

3Q2017(Unaudited)

Change

RM’000

RM’000

%

RM’000

RM’000

%

Gross revenue

141,515

134,573

5.2

424,154

390,332

8.7

Net property income (NPI)

105,303

100,181

5.1

319,656

290,301

10.1

Net Realised Income

69,852

69,906

-0.1

218,633

203,768

7.3

Unrealised Income

500

450

11.1

1,945

1,874

3.8

Total Profit for the period

70,352

70,356

0.0

220,578

205,642

7.3

Proposed / declared distribution

(69,798)

(69,798)

0.0

(218,525)

(203,799)

7.2

Distribution per unit (DPU) (sen)

2.37

2.37

0.0

7.42

6.92

7.2

Annualised distribution yield (Based on closing price of RM1.60 per unit on 31 March 2018)

N.A

N.A

6.2%

5.2%
1

N.A

1
Based on actual DPU of RM9.19 sen declared in FY2017 and unit price of RM1.78 as at 30 June 2017.

N.A.  denotes not applicable

Bandar Sunway, 3 May 2018
 – Sunway REIT Management Sdn. Bhd., the Manager of Sunway

Real Estate Investment Trust (Sunway REIT), is pleased to announce its financial results for the period

ended 31 March 2018.

Nine months unaudited financial results for the period from 1 July 2017 to

31 March 2018 (9M FY2018)

Sunway REIT has delivered a set of encouraging financial results for the nine months of financial

year ending June 2018. The Trust has reported a healthy revenue growth of 8.7% year-on-year (y-o-y)

to RM424.2 million for the 9M FY2018, supported by growth across all segments and new

income contributions from completed acquisitions during the financial period (Sunway REIT has

completed the acquisition of Sunway REIT Industrial-Shah Alam 1 and Sunway Clio Property

in August 2017 and February 2018 respectively).  Correspondingly, net property income (NPI)

increased by 10.1% y-o-y to RM319.7 million.

The retail segment performed commendably for the 9M FY2018, mainly attributable to growth

from all malls, except Suncity Ipoh Hypermarket on the back of lower rental rate upon renewal

of the tenancy in 4Q FY2017. Revenue for the retail segment expanded by 3.6% y-o-y for

9M FY2018 to RM315.3 million. NPI improved by 3.7% y-o-y to RM226.3 million, in line with

the growth in revenue. The higher revenue and NPI was largely contributed by higher average

gross rent achieved by Sunway Pyramid Shopping Mall and Sunway Carnival Shopping Mall.

Sunway Putra Mall has incurred lower rental rebates which contributed to higher revenue.

The financial performance of the hotel segment rebounded for the nine months of FY2018,

mainly contributed by higher revenue from all hotels except Sunway Hotel Seberang Jaya.

This was further boosted by resumption of income contribution from Sunway Pyramid Hotel

following the full completion of its refurbishment in June 2017 and commencement of income

contribution from Sunway Clio Property upon the completion of the acquisition in February 2018.

For the 9M FY2018, revenue for the hotel segment surged by 37.8% y-o-y to RM63.9 million

and NPI jumped 39.4% y-o-y to RM60.7 million.

The office segment reported a modest growth on the back of higher occupancy rates at

Menara Sunway and Sunway Putra Tower, however, it was partially offset by marginally lower

average occupancy rate at Wisma Sunway. During the financial period under review, revenue

improved by 4.0% y-o-y to RM24.4 million. However, NPI eased by 1.5% y-o-y to RM12.1 million

due to higher property operating expenses.

Under the “Others” segment, revenue and NPI rose by 26.3% y-o-y due to new income

contribution from Sunway REIT Industrial – Shah Alam 1 upon the completion of the acquisition

of the property in August 2017. This segment forms the defensive and steady income stream

strategy of the assets portfolio.

Third quarter unaudited financial results for the period from 1 January 2018 to

31 March 2018 (3Q FY2018)

Sunway REIT has registered a moderate growth in revenue and NPI for the third quarter

ended 31 March 2018. Revenue and NPI grew by 5.2% y-o-y and 5.1% y-o-y respectively,

driven by improved financial performance across all segments as discussed above.

The retail segment recorded a revenue and NPI growth of 2.2% y-o-y and 1.5% y-o-y

respectively, predominantly contributed by stronger financial performance from

Sunway Pyramid Shopping Mall.

During the quarter, the financial performance for the hotel segment was mixed. Revenue

and NPI surged 18.1% y-o-y and 17.2% y-o-y respectively, largely due to resumption of

income contribution from Sunway Pyramid Hotel upon the completion of its refurbishment.

However, this is partially offset by lower revenue from Sunway Resort Hotel and Spa

due to softer leisure demand.

As the occupancy rates for the office properties improved, the office segment registered

a revenue growth of 3.9% y-o-y, primarily attributable to Sunway Putra Tower. NPI eased

by 2.1% y-o-y due to higher property operating expenses.

Under the “Others” segment, revenue and NPI rose by 28.6% y-o-y in 3Q FY2018 due to

new income contribution from Sunway REIT Industrial – Shah Alam 1 as mentioned above.

For the quarter ended 31 March 2018, the Manager proposed distribution per unit (DPU)

of 2.37 sen, unchanged compared to the corresponding quarter in the preceding year.

Cumulative DPU for 9M FY2018 increased by 7.2% y-o-y to 7.42 sen, translating into

an annualised distribution yield of 6.2% based on unit price of RM1.60 as at 31 March 2018.

Dato’ Jeffrey Ng, CEO of Sunway REIT Management Sdn. Bhd., commented,

“I am pleased to share that the financial earnings remained intact with continued growth

from the retail segment and gradual improvement in the office segment, albeit the office

segment is a small contributor to the asset portfolio. The resiliency of the income growth

is supported by a diversified base in the asset portfolio coupled with new income contribution

from the completed acquisitions in this financial year.”

He added, “In a rising interest rate environment, we proactively manage our debt profile

in order to optimise the average cost of debt and stagger the debt maturity profile. We do

not foresee any refinancing risk in view of the strong performance of our underlying assets

and healthy macro-economic condition of the country.”

On 4 March 2018, the ground-breaking ceremony for the expansion of Sunway Carnival

Shopping Mall at Seberang Jaya, Penang was held with onward commencement of

construction works. The expansion is expected to add 330,000 sq.ft of net lettable area

(NLA) for the new wing of the mall. Upon the completion in 2020, the expanded mall

(existing wing and new wing) will offer a total NLA of approximately 850,000 sq.ft.

Important notice

Kindly read this media release in conjunction with the announcement released to Bursa Malaysia dated

3 May 2018 for a more comprehensive understanding of Sunway REIT’s financial results.

— end of press release —

Next suggested article:
Cheras’ latest hotel with LRT, MRTs and shopping? Sunway Velocity Hotel

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Sunway – RM1.6billion property launches and RM1.4 billion target

Within this week, I suddenly have this feeling that 2016 may not be that slow or perhaps the year that things start get better. Haha. Okay, don’t listen to me. Read on. Sunway Berhad announced that they will be launching RM1.6 billion worth of properties in 2016. 70 percent of the launches  It is targeting to sell RM1.4 billion in property sales. In 2015, Sunway did RM1.2 billion in sales. It’s Managing Director of Property Development Division, Sarena Cheah said that despite a challenging market, Sunway has enjoyed a take-up rate of 80 percent for four to its property launches over the past 4 months. These encouraging results came from the following:

Sunway Property had launched 34 retail units in Sunway Gandaria, Bangi (95% sold at starting prices of RM1 million)

64 units of shop-offices in Sunway Velocity, Cheras (90% sold at starting prices of RM1.9 million)

60 units of 2-storey cluster homes and 28 units of 2-storey super link homes in Serene Villas, Ipoh (60% sold at starting prices of RM925,000

for 2-storey cluster homes and RM773,000 for super link homes)

88 retail units in Emerald Boulevard, Medini, Iskandar (75% sold at starting prices of RM1.5 million).

Currently Sunway’s landbank stands at 3,304 acres, with a total GDV of RM47.7 billion and a development period up to 15 years. It’s total unbilled sales stands at RM 2.3 billion. Its launches for 2016 would be the following projects:

Central Region – Klang Valley  (RM1 Billion launches)

– Sunway Geo Residences 3 (420 condominium units; GDV RM400 million). This project is strategically located opposite Sunway Resort City’s education and healthcare precinct and has direct access to the BRT-Sunway Line. Additionally, the developer will launch a new block of office suites with GDV of RM200 million in the second half of the year.

– Brook Residences, Mont Kiara (288 condominium units; GDV of RM200 million)

– Sunway Gandaria Residences, Bangi (259 units serviced apartments; GDV of RM200 million) in the central region.

Southern Region – Johor (RM400 million launches)

– Emerald Residences at the Lakeview Precinct, Sunway Iskandar

(222 units of two-storey link, super link, link cluster and three-storey semi-detached homes; GDV RM 330 million) that was recently launched. Moving forward, there will be another RM400 million GDV worth of mixed developments to be launched this year.

Citrine Retail (51 units) will be opened end of 2016within the Lakeview Precinct within Sunway Iskandar. The Lakeview Precinct is the first precinct in the 1,800 acre Sunway Iskandar which will integrate commercial, residential, education, and retail components surrounding the 20-acre Emerald Lake.

Sunway International School (SIS) Sunway Iskandar, which represents its education component, will open in time with the completion of the Coastal Highway Southern Link (CHSL) in early 2017. The CHSL will provide even greater access to the development and is only 5 minutes away from the SIS campus.

Northern Region – Ipoh and Penang : Launches of RM 200 million

– Ipoh – Lost World Residences (262 units of serviced apartments; GDV RM 100 million) this year.

– Penang 48 units of two-storey semi-detached homes in Sunway Cassia, Batu Maung Phase 3 (GDV 100 million) in early April.

– Sunway Carnival Mall in Penang will also be expanded from 769,000 sq ft to 1,290,000 sq ft. It is also building a 180-bed Seberang Jaya Medical Centre. A new 20,000 sq ft Sunway Penang headquarters (with sales gallery) is also being built in Jalan Anson.

Recently, it was also named the top property developer in the nation for two years in running at The Edge Property Excellence Awards and more recently, Property Company of the Year 2015 – Asia in the World Finance Real Estate Awards by World Finance, a UK-based financial magazine published by

World News Media. Like some of the properties being launches? Google for the projects and take a closer look. Perhaps it is something that you may be looking for. Happy anticipating.

written on 26 Feb 2016

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Sunway’s RM4 billion property development in Perak. (WOW!)

I was speaking to some real estate friends last week and one of them said that Ipoh’s property market will soon be very vibrant because there are going to be direct flights from Guangzhou to Ipoh.
Here’s that earlier article in thestar.com.my
 Perhaps these additional flights will help to bring more tourists into Ipoh directly but the property market needs more than that. A real catalyst would be a new airport. Definitely not the current one where airlines have to do assessment whether their type of planes could fly in or not. Alternatively, more attractions in Ipoh for people to visit and perhaps stay a couple of days. This will help the accommodation scene too. Here’s one developer which has been around for some time and I think they will be in Ipoh for the next 15-20 years. Sunway Property said that it will be investing RM4 billion into Ipoh!

Okay, it’s not RM4 billion of gross development value (GDV) within 2019. Not realistic too yeah. Sunway Property says that it will be investing RM4 billion in Perak within the next 15-20 years. This will be for the development of Sunway City Ipoh. It’s Senior General Manager Wong Wan Wooi shared that currently Sunway City Ipoh has 1,400 residential units, Sunway College Ipoh, a hotel of 174 rooms as well as two world class resorts; Banjaran Hotsprings Retreat dan The Lost World of Tambun. He said, “We have already completed 70 percent of the development within Sunway City Ipoh which has a land area of 545 hectare with an investment of RM700 million currently.”
Article in kosmo.com.my here.

Other projects in planning including the construction of Sunway Medical Centre Ipoh, the expansion of Sunway College, a residential with hot water pool facility, shopping mall and hill developments. The latest development is Sunway Onsen Suite. It consists of three residential towers with a gross development value of RM400 million. The first tower in the development includes 252 studio units, 2-bedroom and 3 bedroom units with sizes ranging from 592 sq ft to 1,184 sq ft. The starting price is RM391,000. In fact, Sunway will be adding to the attractiveness of The Lost World of Tambun with new water slides as well as multi-level swimming pool. Do refer to
Article in kosmo.com.my here.

Happy following Ipohans.  Do go home more often and also share the actual food diversity haven in Malaysia yeah.

written on 21 Jan 2019

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Land cost, gross REdevelopment value and future

Occasionally, we hear of projects with a gross development value (GDV) of RM1 billion. For an affordable unit of RM250,000 each this meant that there are a total of 4,000 units for this development. Yeah, super duper high-density even if overall is still dependent on the land size. Smaller number of units and a very small land
size DOES NOT mean it’s low density in my opinion.

Well, if the development is for RM500,000 units, the total units would still come up to 2,000. 🙂  Usually, the land price for a development is between 10 percent of the GDV even if occasionally it will go higher. For a RM1 billion GDV, the land cost can be anywhere from RM100 million or higher. So, what happens when the land cost is 50 percent of the GDV? Haha. The developer will increase the selling price so that the land cost as a percentage is lowered. Else, they will not buy the land in the first place. In a bullish market, the land prices can go up very fast because of the expectations of a higher house price. Let’s look at the starting cost of a redevelopment project in Singapore shall we?

Source: propertyguru.com.sg

Reported in many medias was the news of an acquisition of a Singapore based residential estate. The investment cost? RM1.59 million (S$530 million)
Here’s the news in TheStar.
 Another coverage in
TheEdge Markets here.
Sunway Developments Pte Ltd will be jointly acquiring a private residential property called Brookvale Park in Singapore with Hoi Hup Realty Pte Ltd.  The current Brookvale Park land will be redeveloped into a new private residential development. Sunway said that the Brookvale Park is located on 999-year leasehold land in Clementi. It is currently a 160-unit private residential estate with a land area of 34,654 sq m.  Sunway Developments is a wholly owned subsidiary of Sunway Holdings Sdn Bhd, which is, in turn, a wholly owned subsidiary of Sunway Bhd.  The Singaporean partner, Hoi Hup is a company incorporated in Singapore and its core business is related to real estate development. Image shows Brookvale Park units for rental. there were no unit under the ‘For Sale’ category already because this en-bloc sale of the whole development is already a reality. In Singapore, enbloc sale could happen to a development over 10 years when at least 80 percent of the residents agree to sell. The remaining 20 percent would just have to abide by the majority decision.

I like en-bloc developments. I personally think this is a great way forward for
redevelopments, especially for projects which are already old and yet situated within a mature hotspot.
 Especially important when we look at rejuvenating city centres which are usually busy during the day but becomes quiet in the evening when everyone leaves the city for their homes in the suburbs. It’s also very important to ensure affordability, especially based on the trend of working professionals who are marrying later and thus do not need a huge unit to begin with. Many of these working professionals do not originate from within Greater Kuala Lumpur and may thus prefer a lower starting base instead of buying something far away from their working place. Without years of working and savings, the current crop of existing condos would be out of their (new graduates) reach too, price wise.  Happy hoping.

written on 17 Feb 2018

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Cheras’ latest hotel with LRT, MRTs and shopping? Sunway Velocity Hotel.

Before I decide the hotel that I would like to book, I always check out its swimming pool. It should look inviting and if possible with a great view so that I can have a relaxing swim in the morning before my breakfast. Whether it’s for business or pleasure, a swim enhances all my senses before I start the day. Of course these days, one major reason for doing so is because my kids love the pool. Well, there’s one more choice if we are talking about a mid-market kind of hotel within Cheras. Let’s welcome Sunway Velocity Hotel. Beyond just the new facilities, it is also connected to Sunway Velocity Mall and for those who know the area well, there are lots of good food too. It is also a transit-oriented hotel as there are direct linkages to the LRT station as well as two MRT stations too connected to it. The hotel will open progressively from 20th September 2017 onwards and there is currently a special introductory rate too. To understand more about what’s available, do read their press release as below.

— Start of press release —

SUNWAY TO OPEN THE LARGEST HOTEL IN CHERAS

~ First transit-oriented and only integrated hotel in underserved Cheras vicinity

~ Synergies to Sunway Velocity Mall to ensure wins for all stakeholders

~ 351-room mid-market hotel

~ To be opened progressively from 20 September 2017

KUALA LUMPUR, MALAYSIA;
12 SEPTEMBER 2017
–
Sunway Hotels & Resorts, the hospitality division of leading Malaysian conglomerate, Sunway Group, today announced that its 351-room Sunway Velocity Hotel will progressively open its doors for operations on 20 September 2017. Upon opening, the mid-market hotel will be the only transit-oriented, and the largest and the only integrated hotel within the Cheras vicinity.

The Hotel, with a gross development cost (GDC) of RM 146 million, is a 59:41 joint venture project between Sunway Berhad and Fawanis Sdn Bhd respectively. Located within the heart of a vibrant transit-oriented development – the RM 4 billion, 23-acre integrated Sunway Velocity Kuala Lumpur, which mirrors the success of the thriving Sunway City – will see the Sunway Velocity Hotel as one of the final synergistic additions to the premier shopping, dining experiences and entertainment of the Sunway Velocity Mall, the office towers, serviced residences and a sprawling two-acre central park which is within the development besides the upcoming medical centre slated to be open in 2019.

“We are confident that we will be able to operate at about 75% occupancy in the first year of the Hotel’s opening taking into consideration the integration, the connectivity, the market size and our competitive pricing. Cheras is a mature market, with a generous business population especially in the trading and industrial segments. In addition to the ready catchment provided by the tenants of the office towers and healthcare tourists from the soon to be open medical centre within Sunway Velocity itself, we also anticipate welcoming visitors from the upcoming financial city of Tun Razak Exchange (TRX), Bukit Bintang City Centre development, and the KL City Centre,” said Kelly Leong, Cluster Director of Operations, Sunway Hotels & Resorts.

“For the Hotel, we anticipate about 60% corporate and 40% leisure base. In 2017 and 2018, we are expecting Malaysians to constitute 60% of our guests with the balance coming from Singapore, China and guests residing in the Asia Pacific region.

“The Hotel is synergistic to the now 96% occupied Sunway Velocity Mall which is welcoming 1.5 million visitations a month currently. Our guests will have access to over 500 retail stores, 150 food and beverage outlets, and a host of entertainment centres and recreational facilities, making it an ideal destination for travellers who prize convenience,” he added.

In terms of connectivity, the hotel is linked directly to the Light Rapid Transit (LRT) and two underground Mass Rapid Transit (MRT) stations, Maluri and Cochrane. Through the MRT, guests will have easy access to the Bukit Bintang shopping district which is a mere two stops away, and KL Sentral which is five stops away, as well as other attractions nearby.

Sunway Velocity Hotel forms part of Sunway Hospitality division’s RM 875 million redevelopment and expansion plans to its collection of hotels across Malaysia, Cambodia and Vietnam, which was announced and commenced in 2016. With the opening of the 351-room hotel, the Sunway Hotels & Resorts now operates a total of 11 hotels, nine of which are in Malaysia, bringing a total of 3,388 rooms under the hospitality division.

SYNERGISTIC WINS FOR ALL STAKEHOLDERS

“We are excited about the opening of the Hotel as it will further add vibrancy to the community in Cheras while we plan the development of the upcoming 8.45-acre, RM 2 billion Sunway Velocity TWO which will be linked to Sunway Velocity. We currently have a take-up rate of 95% for the entire integrated Sunway Velocity development. The Hotel would further improve the high-traffic we have at the Sunway Velocity Mall and would also benefit from the commercial units which are about 98% sold and will house about 500 businesses,” said Sarena Cheah, Managing Director, Sunway Property, Malaysia and Singapore.

The Sunway Velocity development is one of the game-changers for the mature neighbourhood of Cheras, being the first integrated development with a retail centre spanning over 1 million sq ft in NLA. The development has since sparked a spate of urban rejuvenation projects within the vicinity as well as raised values of properties within the area. As with Sunway City, Sunway leverages its Build-Own-Operate expertise, and owns and manages 40% of the development to ensure perpetual value gains for the diverse stakeholders.

Sunway Velocity Hotel is connected to Sunway Velocity Mall via the ground floor into the Parkson Departmental Store, and at Level 5 into the Sunway Velocity’s Commune Floor. The hotel will be the first of a new generation of hotels in the Klang Valley that is built without a “traditional” coffee house or an all-day dining restaurant. Later into the operations, the hotel will be building numerous strategic partnerships with the food and beverage tenants within the mall which includes catering meals to the hotel guests who will also be able to redeem added-value points through Sunway PALS, the Group’s reward programme.

Upon opening of the RM 300 million 240-bed Sunway Medical Centre in the first quarter of 2019, the Hotel will also be able to welcome healthcare tourists. The full-fledged acute multidisciplinary tertiary hospital is now currently under construction.

SUNWAY VELOCITY HOTEL DESIGN AND FEATURES

Sunway Velocity Hotel was designed by Sunway Design Sdn Bhd and will be managed by Sunway Hotels & Resorts.

The 16-storey hotel project took 25 months to complete. On 20 September 2017, the hotel will open with 121 rooms available, with the remaining 230 rooms being made available progressively; with full inventory by 30 October 2017. In December 2017, the express café and the boardroom on level 5 will be open to guests.

Sunway Velocity Hotel features 351 guestrooms with a choice of three categories – namely Superior, Superior Plus and Superior Premier Rooms. The Superior Room, measuring 25 square metres in size, is the Hotel’s lead-in room category with a total of 266 rooms.

Complementing its exterior, each room features bold geometric patterns and accented by hues of green, yellow and a dash of gold; and equipped with the essential conveniences for an effortless stay.

With a total of 67 rooms, the Superior Plus Room measures 27 square metres, and is designed in an authentic casual style for guests who are seeking additional space. The room sleeps up to three adults with an extra single bed (upon request). The 38 square metre Superior Premier Room is a spacious corner room that features a loft-like arrangement, offering an additional settee that pulls-out to a queen-sized sofa bed, accommodating up to two adults and two children or three adults in the room. There is a total of 18 rooms in this category.

Each guestroom reflects fresh details and textures with a contemporary functional design, welcoming guests with comfortable features and amenities such as complimentary Wi-Fi and wired broadband internet access, LED Smart TV, electronic safe, mini fridge and coffee and tea making facilities. Each guestroom features a complimentary “Snack-Tray” containing instant cup noodles, biscuits, and soft drinks, to satisfy late night or early-morning hunger pangs; replenished daily.

Other facilities available at Sunway Velocity Hotel include a boardroom that accommodates up to 12 persons in a boardroom style set-up, a 24-hour fitness centre and an outdoor infinity swimming pool. The hotel’s express café is located on Level 5 which serves light snacks and refreshments for dine-in and take-away for between meals.

Sunway Velocity Hotel is offering special introductory room rates, starting from RM198.00++ per room per night; valid for stays from 20 September 2017. Room rates are quoted in Ringgit Malaysia (RM) and subject to 10% service charge and prevailing Goods and Services Tax (GST). In addition, the Hotel will also be offering guests 4X Sunway PALS points and free city wide shuttle services (with stops at KLCC/ Bukit Bintang shopping district and Sunway Putra Mall). Guests will also be able to enjoy special Shop & Stay retail vouchers and complimentary in-room snacks.

BOOK DIRECT & SAVE: Be rewarded when booking directly on
http://velocity.sunwayhotels.com
. Guests staying at Sunway Velocity Hotel from 20 September to 31 December 2017 can earn 20X AirAsia BIG points for every qualifying night’s stay. Enjoy the special introductory room rates and experience a brand new stay at Sunway Velocity Hotel by calling the hotel reservation’s direct line at +603 2726 3991, e-mail to
svkl.reservations@sunwayhotels.com
 or visit
http://velocity.sunwayhotels.com
. For the latest news and offers at Sunway Velocity Hotel, connect via Facebook at
https://www.facebook.com/SunwayVelocityHotelKL

Sunway Velocity Hotel is located on Lingkaran SV Sunway Velocity, Sunway Velocity, 55100 Kuala Lumpur, Malaysia. For enquiries, please contact the hotel’s general telephone line at +603 2726 3988 or e-mail directly to svkl.enquiry@sunwayhotels.com

— end of press release —

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Another exciting excitement entering Medini, Johor.

If life is all about work, work and work some more and no play, I think it’s better to stop working and start enjoying instead. Haha. Actually, it’s the same for property development. Townships where there are just houses, houses and more houses will not do, not anymore. Perhaps we used to have a mall and everyone within a radius of 30km will flock to it every weekend, these days, there’s a mall every few km in Greater KL. It’s the same as theme parks. There used to be just a few of them in the whole country. These days, it’s competitive and newer ones kept popping up every now and then. Good for consumers. Another one is coming up in Medini, Johor.

I saw a sneak peak by Sunway Iskandar’s Facebook page which I think should bring extra excitement to Medini, Johor. Please take a look at the image. Okay, this is coming from a company which has been building and operating theme parks for a very long time. I think it’s safe to say that this venture is going to be around for a very long time. This is important because these days, inexperienced operators of theme parks are pretty scary yeah. Even if we look at the mall scene, the inexperienced operators, regardless of how many years they have been a developer, they will still fail. The good ones meanwhile continues to do well. The image shows Sunway’s X-Park. Perhaps not that suitable for young kids or even me when I hit 50. Haha. No idea. Just wait for more announcements then.

My friends in JB always tell me that all the developments are moving way too fast and that most of them (Johoreans) are not buying any of these new developments. Frankly, I am not sure if that’s the correct way to look at these new developments. It’s best to understand that JB and SG, well, we better be operating as a team. Else, I am not sure how the SMEs in Singapore can grow their business if they are operating only in Singapore today. Thus, the catalyst will be the connectivity. Once that’s enhanced, it will be WOW for the developments. Look at the people crossing over to work and crossing over after work to know more. We do not need property experts to tell us about that yeah. Happy following.

written on 5 Dec 2018

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