news

Overwhelming response to Sunway Geo Residences

Show unit of Sunway Geo Residences.

SUBANG JAYA: Sunway Bhd sold 90% of Tower A of its Sunway Geo Residences during its pre-launch at Menara Sunway in Petaling Jaya on Nov 9.

Sunway’s property development division joint managing director Sarena Cheah attributes the enthusiastic response to the development’s strategic location.

“Sunway Geo is part of the 178-acre (72ha) Sunway South Quay, an international community which derives great advantages from the surrounding amenities in the matured township of Sunway Resort City, which offers seven million sq ft of world-class facilities including education, shopping mall, healthcare, leisure, commercial, retail, and residential components,” she said in a statement recently.

Sunway Geo Residences has a gross development value of RM319 million.
Sunway Geo Residences is the third phase of the 23.4-acre integrated development, Sunway Geo. The third phase comprises two 30-storey blocks of residential condominiums with 472 units and a gross development value (GDV) of RM319 million. The residence offers two to four-bedroom units with built-ups ranging from 829 sq ft to 1,496 sq ft priced from RM766,000 onwards.

Sunway Geo Residences features dual key units. They are units with studio apartments attached.

According to Sunway, the attached studio apartments are ideal for young people to stay with their parents, without compromising on privacy or alternatively, can be rented out separately.

Other amenities include an Olympic length pool, aqua gym, tennis court, squash court, and basketball half court.

During the pre-launch, 200 units of Tower A were snapped up by buyers. With the pre-sales of Tower B, the overall take-up rate of Sunway Geo Residences stood at 85% at the weekend launch. Tower B will be launched by Nov 30 with prices from RM834,000. A total of 60 dual key units will be available in the second tower.

Sunway Geo Residences is a joint venture (JV) between Sunway and Mitsui Fudosan (Asia) Pte Ltd, Japan’s largest property developer by revenue. With this JV, the development is anticipated to bring in more Japanese residents to boost Sunway South Quay’s existing international community.

Sunway Geo has a GDV of RM1.5 billion. The first and second phases of Sunway Geo, both of which comprise retail shops and flexi suites, also saw a strong response. The first phase was completely sold out, with 90% taken up in the second phase.

Sunway Geo will be easily accessible with the upcoming elevated bus rapid transit (BRT) Sunway Line, which has a station in front of Sunway Geo Retail, linked via a bridge.

“Total convenience is what everyone is looking for. Living in an integrated development within an integrated township means residents can enjoy the best of what life can offer, a resort living with a view of a 28-acre lake, and the marvellous benefits of city living. No other development in Malaysia offers the unique lifestyle that Sunway Geo does. You can practically walk to meet all your needs,” said Ong Pang Yen, joint managing director of Sunway’s property development division.


This article first appeared in The Edge Financial Daily, on November 15, 2013.

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE