SUNSURIA Bhd is launching its most attainable housing project, dubbed Tangerine Suites, at Sunsuria City — the company’s flagship master-planned township in Salak Tinggi, Selangor.
This is in support of the government’s initiative to promote higher home ownership rate among Malaysians.
Chief operating officer Simon Kwan said the apartments in Tangerine Suites are being offered at prices below RM300,000, thus making them affordable for many families.
“Property prices are getting higher because of land cost. Raw material prices are also higher. To make houses affordable for people, we are building smaller units and making sure they sell below RM500 psf (per square ft). The market needs this type of products currently.
“On psf basis, Tangerine Suites will be the most attainable housing project in Sunsuria City and without compromising on the lifestyle elements of this development, where residents enjoy access to a range of amenities,” Kwan told NSTProperty.
The developer has launched eight commercial and residential projects in Sunsuria City.
The first residential launch was The Olive, featuring 663 units of apartments spread across three blocks.
Next was Bell Suites, followed by Monet Lily, Monet Garden and Monet Springtime.
Kwan said the launch prices for The Olive, Bell Suites, Monet Lily, Monet Garden and Monet Spring time ranged between RM600 and RM800 psf.
“The gross selling price for The Olive started from RM500,000 each and today, we have sold close to 98 per cent of the number of units. Bell Suites and Monet Lily are also almost fully sold,” said Kwan.
SUSTAINABLE LIVING
The one-tower Tangerine Suites has followed the classic Peranakan architecture for design inspiration.
There are 663 units of apartments with 3 sizes ranging from 635 to 936 sq ft, and the gross price starts from RM285,000.
The estimated gross development value for Tangerine Suites is RM236 million.
“Despite the attainable price, we have designed Tangerine Suites to be a gated-and-guarded lifestyle project. There are many facilities for residents to enjoy when they are back from work. They can enjoy access to the swimming pool, playground and landscaped garden, to name a few,” he said. Sunsuria has developed a 5.7ha central park, known as Giverny Park, which is open to the public.
The park consist of 2.02ha of green space and a 3.72ha lake. its facilities include outdoor fitness, children playground, amphitheatre, event plaza, jogging and cycling track.
According to Kwan, the company spent over RM10 million to develop the park.
“We want residents and the public to come and experience the green space we have created. There is an easy walkway to the park from all the housing projects.”
Meanwhile, Kwan said he is bullish about the full take-up for Tangerine Suites.
He said Sunsuria City is a smart, liveable and sustainable township and the main catalyst is Xiamen University Malaysia, the first overseas campus of a Chinese university which spans 60.7ha and caters to about 10,000 students.
“Sunsuria City is like an education hub. We have Xiamen University and many schools nearby. Many investors look at the township as high yield potential. We are putting our prices low so that the purchasers can enjoy price appreciation and we want them to also enjoy the convenience,” said Kwan.
The Express Rail Link (ERL) transit hub is housed within Sunsuria City, and linked to KL Sentral in Brickfields andKuala Lumpur international Airport. People who work or live in Sunsuria City will be able to travel to the city in 28 minutes.
Sunsuria City is also accessible viamajor highways like the North-South Expressway and Maju Expressway. There is a direct link via an exit from the Putrajaya-Cyberjaya Expressway, which also
connects to the North-South Central Link Expressway.
The township is less than an hour’s drive to Kuala Lumpur and close to a number of neighbouring matured townships like Putrajaya, Cyberjaya, Kota
Warisan and Bandar Baru Salak Tinggi.
Other components of the 212.5ha township that makes it a liveable city in clude Horizon Village Outlets, Korean-French Provence Village, commercial hubs such as Jasper Square and Bell Avenue, schools and parks.
“The whole idea is to create a liveable township.
The township has lush recreational parks, dedicated cycling and pedestrian paths. We are placing emphasis on community living where residents can mix together and communicate,” he said.
Kwan said the RM10 billion township will take another six to eight years to complete.
“We will continue to raise the benchmark where township development is concerned, and ensure our Sunsuria City residents feel pride to call this place home,” he said.