Sunway Property kicks off the lunar new year with the launch of the Super 5* easy home ownership scheme in a media briefing held at the Sunway Velocity Two sales gallery.

Members of the media converged at the Sunway Velocity Two sales gallery on Jalan Peel to review Sunway Property's activities over the last year, to preview Sunway's ongoing projects in Malaysia and across the region – and to celebrate the launch of the Super 5* easy home ownership scheme.

Sunway Berhad's property division Managing Director Sarena Cheah said that the Super 5* easy home ownership scheme will help aspiring homebuyers to purchase their homes.

Sunway Bhd’s property division MD Sarena Cheah (centre) with her team at the launch of the company's Super 5 Easy Home Ownership Scheme on 24th January, 2019. Sunway Property is targeting sales of RM1.3 billion for the financial year of FY2019. It will launch projects worth RM2 billion this year.

"To help homeowners own their dream home, the Super 5* easy home ownership scheme allows purchasers to pay RM5,000 to own a unit and a flexible instalment plan for the differential sum. Sunway's group of companies will offer a 95% guaranteed financing for eligible buyers with special interest rate during this campaign period. In addition to the government's waiver of memorandum of transfer (MOT) for first time home buyers, Sunway will absorb the stamp duty for the transfer of ownership for properties above RM1 million. The Super 5* provides a free financial health check that will help aspiring homeowners on their financial credibility. It is a quick and easy way to assess purchaser's financing standing in order to own their dream home during this campaign period," she said.

She also announced at a media briefing that Sunway Property will target sales amounting to RM1.3 billion for the financial year of FY2019 and launch projects worth a total of RM2 billion this year.

"We are confident that the launches will continue to do well as more than 70% of the new launches are either in integrated developments and townships where we co-invest in perpetual growth that delivers lifelong value for our community. In our integrated townships and developments, we currently have RM3 billion investments under construction so we can grow in tandem with our communities," she added.

Sunway Property currently has an unbilled sales of RM2.1 billion providing future earnings visibility. Sunway Property will also continue to pursue landbanking activities suitable for transit-oriented and mixed-use developments in Malaysia, Singapore, Australia, and the UK.

Its current landbank in diversified locations stands at 3,289 acres with a total gross development value (GDV) of RM56.8 billion with 54% of the landbank in Johor, 25% in Klang Valley, 6% in Penang, 1% in Singapore, and 14% in other locations.

Central Region: Launches of RM630 million, investments of RM1.6 billion under construction.

In the Klang Valley, Sunway Property will launch the second block of the first phase of Sunway Velocity Two which is a high-rise residential development with a GDV of RM300 million; a high-rise residential development in Wangsa Maju, Sunway Avila with a GDV of RM230 million, and townhouses in Sunway GEOLake Residences in Sunway South Quay with a GDV of RM100 million.

An artist's impression of the Sunway Avila infinity pool.

Property investments currently under construction in the Klang Valley are the 240-bed Sunway Medical Centre in Sunway Velocity; Sunway Monash University Residences, an expansion of Sunway Medical Centre, and an expansion of the Sunway International School in Sunway City KL worth RM1.6 billion.

Southern Region: Launches of RM260 million in GDV, investments of RM445 million under construction.

In the southern region, the developer will launch townhouses and phase three of the Sunway Citrine Lakehomes in Sunway Iskandar, worth RM100 million in GDV, and landed residential units in Sunway Lenang Heights with a GDV of RM160 million.

A serene backyard at Citrine Lakehomes

Property investments currently under construction are the expansion of Sunway International School, Big Box Retail, Big Box Office, and Big Box Hotel worth RM445 million in total.

The 24-acre Sunway Big Box Village will be the first large format retail village in Malaysia and Singapore. 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 square feet (GFA) in retail space and will be completed by the fourth quarter of 2019.

Adjacent to Big Box Village is Sunway XPark, a unique 32-acre leisure component which will be opened in April this year. The XPark provides extreme sports such as kayaking, Go-kart, paintball, wall climbing, ATV, and glamping among others.

Sunway Citrine Hub is also fast becoming the heartbeat of Sunway Iskandar. To date, the 71,000 square foot (NLA) Sunway Citrine Hub is 100% tenanted with tenants such as the first Jaya Grocer in Johor; Starbucks, Mr DIY, 7-Eleven, Awesome Brew, Heaven's Door Bistro, Morganfield's, Sushi House, the first Sunway Pharmacy in Johor, and many more.

Northern Region: Launches of RM130 million, investments of RM900 million under construction.

In Ipoh (Perak) Sunway will launch the first of its kind hotsprings serviced suites, Sunway Onsen Suites, which has a GDV of RM130 million.

Conceptualised as the first serviced suites in Asia integrating natural hot springs within the development, the serviced suites development is located within a RM1 billion GDV integrated development spanning 31 acres, which includes the proposed Lost World Mall, Medical Centre, assisted living residences with hot springs facilities and education facilities.

First of its kind – 32 acres of retail, education facilities, assisted living residences, and hot springs.

In Penang, currently under construction in the northern region are the 180-bed Seberang Jaya Medical Centre and the Sunway Carnival expansion totaling RM900 million in investments.

Singapore: Widening Footprint

In Singapore, Sunway Property has widened its footprint with the purchase of two parcels of prime land in Clementi (Sunway equity = 30%) and Canberra Link (Sunway stake = 35%) totalling 13.02 acres for developments totaling an estimated RM4.6 billion (SGD 1.5 billion) through its joint venture vehicle with Hoi Hup Realty.

This year, Sunway Property will launch the residential Brookvale Park, Clementi in Singapore with an estimated GDV of RM1 billion.

Sunway Property has also acquired a new plot of 6.16 acres land in Tampines through the same joint venture vehicle for development into an executive condominium housing development (EC development) with a planned GDV of RM2.4 billion (SGD 800 million).

For more information on Sunway's launches please visit: www.sunwayproperty.com, or follow Sunway Property's Facebook page.

*The Super 5 package is subject to terms and conditions and variations with respective participating projects nationwide for a limited time only.

View other developments by Sunway Property here.