RM3b investment properties under construction in integrated townships and developments
Sunway Property recently launched its Super 5* easy home ownership scheme which will ease home ownership for buyers nationwide in a media briefing at the Sunway Velocity TWO Sales Gallery.
Managing Director of Sunway Berhad’s property division, Sarena Cheah said that the Super 5* easy home ownership scheme will help homeowners purchase homes.
“To help homeowners own their dream home, the Super 5* easy home ownership scheme allows purchasers to pay RM5,000 to own a unit and a flexi instalment plan for the differential sum. Sunway’s group of companies will offer a 95% guaranteed financing for eligible buyers with special interest rate during this campaign period. In addition to the government’s waiver of MOT for first time house buyers, Sunway will absorb the stamp duty for the transfer of ownership for properties above RM1 million. The Super 5 provides a free financial health check that will help aspiring homeowners on their financial credibility. It is a quick and easy way to assess purchaser’s financing standing in order to own their dream home during this campaign period,” she said.
She also announced that Sunway Property will target sales of RM1.3 billion for the financial year of FY2019 and launch projects worth RM2 billion this year at a media briefing.
“We are confident that the launches will continue to do well as more than 70% of the new launches are either in integrated developments and townships where we co-invest in perpetual growth that delivers lifelong value for our community. In our integrated townships and developments, we currently have RM3 billion investments under construction so we can grow in tandem with our communities,” she added.
Its current landbank in diversified locations stand at 3,289 acres with a total GDV of RM56.8 billion with 54% of the landbank in Johor, 25% in Klang Valley, 6% in Penang, 1% in Singapore, and 14% in other locations.
Southern Region: Launches of RM260 million in GDV, investments of RM445 million under construction
In the southern region, the developer will launch townhouses and phase three of Sunway Citrine Lakehomes in Sunway Iskandar worth RM100 million in GDV and landed residential units in Sunway Lenang Heights with a GDV of RM160 million.
Property investments currently under construction are the expansion of Sunway International School, Big Box Retail, Big Box Office, and Big Box Hotel worth RM445 million in total.
The 24-acre Sunway Big Box Village will be the first large format retail village in Malaysia and Singapore. Unlike other retail centres, the Sunway Big Box Village will be designed in an open concept, the all-new retail experience. It will encompass 500,000 sqft (GFA) in retail space, and will be completed by the fourth quarter of 2019.
Adjacent to Big Box Village is Sunway XPark, a 32-acre unique leisure component which will be opening by the 2nd quarter of the year. The XPark provides extreme sports such as kayaking, Go-kart, paintball, wall climbing, ATV, and glamping amongst others.
Sunway Citrine Hub is also fast becoming the heartbeat of Sunway Iskandar.
To-date, the 71,000 sqft (NLA) Sunway Citrine Hub is 100% tenanted with tenants such as the first Jaya Grocer in Johor; Starbucks, Mr DIY, 7 Eleven, Awesome Brew, Heaven’s Door Bistro, Morganfield’s, Sushi House, VOID (a wine and tapas bar), MeBooks, AlleyLab, Pizza@Pasta Burger.Salad, Emerland Cut hair saloon, Teum Sae Korean Noodle Bar and the first Sunway Pharmacy in Johor.
For more information on Sunway’s launches please visit: visit www.sunwayproperty.com, or follow its Facebook page.
*The Super 5 package is subject to terms and conditions and variations with respective participating projects nationwide for a limited time only.