KUALA LUMPUR: Sunway Property, the property division of Sunway Bhd, has achieved 85 per cent in sales for Sunway Velocity TWO.
Sunway Velocity TWO is a RM2 billion development comprising four residential towers, two commercial towers and retail units which is connected to the 23-acre integrated development of Sunway Velocity which features the 1.4 million sq ft Sunway Velocity Mall, a two-acre park, and 890 commercial units.
The project has 872 residential units in the first phase.
Sunway Bhd central region property development division executive director, property Chong Sau Min attributed Sunway Velocity TWO’s success to the the design of the development and the conveniences offered by the transit-oriented and integrated nature of the development.
"Our purchasers are attracted to Sunway Velocity TWO because of its accesibility and the convenience of its location.
"For own stay, the conveniences are unparalled - the development is connected to three MRT and two LRT stations, and major highways, as well as the many amenities. For investors, they are attracted to the dual key design of the units which can potentially fetch higher rental yields,” he said in a statement today.
The success of Sunway Velocity TWO follows the success of Sunway Velocity’s residential units which had seen robust sales for all its 1,009 residential units.
Sunway Velocity TWO will be a Green RE certified development which includes energy lighting, and rainwater harvesting.
“We have just opened Sunway College at Velocity which has a 3,500 student capacity and we are targeting to open a 240-bed hospital within the development this year,” he added.
The new 113,500 sq ft Sunway College at Velocity premises will occupy five levels, Level 6 to Level 10 of the V Office.
The facilities will open in two phases. The first two levels are currently operational while the other three will be operational by 2021.
Last year, Sunway Property exceeded its sales target of RM 1.3 billion (FY2018), where it achieved sales worth RM 1.8 billion.
The developer has set a sales target for its financial year ending Dec 31, 2019 and targets to lauch projects worth RM 2 billion in gross development value this year.