Sunway Property to launch RM2b worth of residential properties in 2018

KUALA LUMPUR (Feb 8): Sunway Bhd’s property arm, Sunway Property, plans to launch RM2 billion worth of residential properties across eight locations this year. This is nearly double last year’s figure of RM1.1 billion. 

The group also plans to launch about RM610 million worth of new investment properties, including healthcare, commercial, hospitality, education and investment assets, in the developer’s townships and major integrated developments. 

Sunway Property managing director Sarena Cheah said homebuyers and investors will see many opportunities to capitalise on the group’s integrated townships and developments this year. 

“We will also look to help new homeowners capitalise on the many opportunities we are offering to be part of our growing and vibrant communities,” she said at a media briefing. 

The launches include Sunway Citrine Lakehomes, Sunway Onsen Suites, Sunway Geo, apartments in Sunway Velocity TWO and Sunway Wangsa Maju, designer shops in Sunway Wellesley, condominiums in Sunway Tianjin Eco City in China and Sunway Rivercove Residence in Singapore. 

“We will continue to focus our efforts on our integrated development and townships, where we have seen good take up rates for most of our launches,” Cheah said.

At the same time, Sunway Property has launched its new Under The SUN Certainty+ financing campaign to offer purchasers and investors a convenient way of participating in the group’s growing communities.  

The campaign features a low down payment, cash rewards during construction period, guaranteed loan by the group, deferred payment, voluntary exit plan and differentiated sum installments by the developer. 

Cheah said the group is also on the lookout for more landbanks, following the securing of 37.4 acres last year.  

Currently, the group’s landbank stands at 3,305 acres, with a total gross development value of RM53 billion. Some 56% of the landbank is located in Johor, 30% in Klang Valley and 6% in Penang. — theedgemarkets.com

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