property

Sunway pumps RM1.1b into Sunway Iskandar development

KUALA LUMPUR: Sunway Bhd is pursuing its masterplan to create Nature’s Capital City with world-class amenities in Sunway Iskandar starting next year.

Having launched a total of RM1.1 billion worth of developments in Sunway Iskandar in the last three years, managing director of Property Division for Malaysia & Singapore Sarena Cheah said Sunway will bring in market-driven innovations and community service-centric fundamentals within the next five years.

“Aligned with Sunway Group’s commitment to sustainability, we intend to build further with two pillars – market-driven innovations and community service-centric township, while driving liveability and connectivity at the core.

“The aim here is to make Sunway Iskandar a world-class ecopolis in Iskandar Malaysia, by introducing first of its kind concepts that would add sustainable value for all the stakeholders within our community,” she said.

Serena said Sunway will set up first build-and-buy-online homes, the first large format retail village, the first Xpark in Iskandar Malaysia and the first infirmary for the community in Sunway Iskandar.

Targeting the younger demographic, Sunway Property’s latest launch is the unique integrated Sunway GRID development with a gross development value of RM374 million, spanning across 5.2 acres.

The residences will represent the first build-and-buy-online homes launched in the Malaysia and Singapore.

Serena said this will allow purchasers to customise their units online before purchase, and design their homes from anywhere around the world without visiting the show gallery.

The personalisation factor, combined with the most affordable price starting from RM350,000 in the vicinity of Medini, is expected to attract the influx of youthful demographic that is anticipated to be in Johor, she added.

Another pioneering development will be the developer’s first large format retail village in Malaysia and Singapore, the 24-acre Sunway Big Box Village.

Serena said 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 quarter four of 2018.

The first adventure-based extreme park of its kind in Johor and Singapore will be developed adjacent to the Sunway Big Box Village.

The 32-acre XPARK, scheduled to be partially open by end of next year, will be filled with extreme and lifestyle sports activities that would offer residents and visitors of Sunway Iskandar the natural surroundings.

It is designed with a wide variety of elements that are intended for recreation for adults and kids such as Go-Kart, kayaking, glamping spots, long-range archery and a kids pump track.

new retail and leisure elements will be fortified by a hotel which will be linked to the mall making Sunway Iskandar a destination for lifestyle shopping, leisure, and entertainment in its own right.

Construction works for the hotel is scheduled for the first quarter of 2018 and will be completed by the second half of 2019.

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