Sunway Velocity, Taman Maluri, Cheras

Sunway Velocity is a freehold integrated office, residential & retail hub located in Taman Maluri, Cheras. It comprises Sunway Velocity Mall, V Office, V Office 2, V Residence, V Residence 2, V Residence 3 and V Retail. There are 405 retail outlets, 276 offices and 12 shop-offices available at this project with built-up from 850 sf to 953 sf for apartment units, 678 sf to 3,500 sf for retail units, 678 sf to 1,249 sf for offices and 678 sf for shop-offices. It was developed by Sunway Bhd with a launch price of about RM800 psf for apartment units, RM850 psf for offices, RM1,300 psf for shop-offices, and was completed around 2013.

Sunway Bhd is a very large-scale property developer listed on Bursa Malaysia, and it has developed about 91 property projects in Malaysia. Other similar projects by the same developer are Alam Suria, LaCosta, Sunway City Ipoh, Sunway Damansara, Sunway Eastwood, Sunway Geo, Sunway Geo Avenue, Sunway Iskandar, Sunway Kinrara and Sunway South Quay.

Property Type
Integrated Office, Residential & Retail
Land Tenure
Freehold
Built-up
850 sf - 953 sf (Apartment)
678 sf - 3,500 sf (Retail)
678 sf - 1,249 sf (Office)
678 sf (Shop-Office)
Market Price
RM980,000 - RM1,040,000 (Apartment)
RM780,000 - RM7,900,000 (Retail)
RM710,000 - RM1,590,000 (Office)
RM680,000 (Shop-Office)
Density
405 Retail Outlets, 276 Offices & 12 Shop-Offices
Completed In
2013
Developer
Launch Price
RM800 psf (Apartment)
RM850 psf (Office)
RM1,300 psf (Shop-Office)

This integrated office, residential & retail hub has many amenities nearby, i.e. schools, universities, hospitals and metro transport stations. The following are some of the main schools here:

As for universities, there are Cybernetics International College Og Technology, Help College Of Arts & Technology and TMC College. There are also some hospitals here, for example Hospital KL and Sunway Velocity Medical Centre.

Lastly, the metro transport stations here are LRT Chan Sow Lin and MRT Cochrane.

The current market prices for Sunway Velocity are from RM980,000 to RM1,040,000 (about RM1,030 psf) for apartment units, RM780,000 to RM7,900,000 (about RM1,150 psf) for retail units, RM710,000 to RM1,590,000 (about RM1,040 psf) for offices and RM680,000 (about RM1,000 psf) for shop-offices; while the monthly rentals are from RM3,300 to RM3,400 (about RM3.88 psf) for apartment units, RM14,700 to RM26,000 (about RM7.60 psf) for retail units and RM2,300 to RM7,500 (about RM3.39 psf) for offices. The highest median price psf ever recorded was RM1,075 psf in Q1 2019 (Apartment), RM2,206 psf in Q1 2018 (Retail), RM1,179 psf in Q1 2017 (Office) and RM1,300 psf in Q1 2011 (Shop-Office); while the lowest one was RM800 psf in Q1 2011 (Apartment), RM1,175 psf in Q2 2018 (Retail), RM850 psf in Q1 2011 (Office) and RM1,121 psf in Q3 2018 (Shop-Office).

The current rental yield of Sunway Velocity is 4.67% for apartment units, 6.29% for retail units and 4.04% for offices. The highest rental yield ever recorded was 4.67% in Q1 2019 (Apartment), 6.32% in Q3 2018 (Retail) and 4.2% in Q1 2016 (Office); while the lowest one was 2.75% in Q4 2015 (Apartment), 6.29% in Q4 2018 (Retail) and 2.31% in Q3 2017 (Office). Meanwhile, the most common unit layouts and sizes available here are as follows:

Apartment Layouts

The most popular layout and size combination at Sunway Velocity for apartment units is 2-bedroom / 953 sf with a median price of RM1,030 psf. For price wise, the most expensive one is 2-bedroom / 883 sf with a median price of RM1,180 psf; while the cheapest one is 2-bedroom / 947 sf with a median price of RM1,030 psf.

Retail Layouts

Meanwhile, the most popular layout and size combination at Sunway Velocity for retail units is 678 sf with a median price of RM1,150 psf. For price wise, the most expensive one is 3,434 sf with a median price of RM2,300 psf; while the cheapest one is 3,500 sf with a median price of RM1,090 psf.

Office Layouts

Meanwhile, the most popular layout and size combination at Sunway Velocity for offices is 678 sf with a median price of RM1,040 psf. For price wise, the most expensive one is 1,249 sf with a median price of RM1,270 psf; while the cheapest one is 678 sf with a median price of RM1,040 psf.

Shop-Office Layouts

Lastly, the most popular layout and size combination at Sunway Velocity for shop-offices is 678 sf with a median price of RM1,000 psf. For price wise, the most expensive one is 678 sf with a median price of RM1,000 psf; while the cheapest one is 678 sf with a median price of RM1,000 psf.

Latest Sunway Velocity for sale listings:

DateTypeBuilt-upPrice
17-Feb-19Condominium953 sfRM850,000
17-Feb-19Condominium953 sfRM1,100,000
17-Feb-19Condominium1,222 sfRM1,280,000
16-Feb-19Condominium883 sfRM950,000
16-Feb-19Condominium883 sfRM1,100,000
16-Feb-19Condominium1,087 sfRM1,300,000
14-Feb-19Condominium969 sfRM980,000
14-Feb-19Condominium695 sfRM770,000
14-Feb-19Condominium850 sfRM1,000,000
11-Feb-19Office1,948 sfRM2,100,000

Latest Sunway Velocity for rent listings:

DateTypeBuilt-upRental
TodayOffice738 sfRM2,952
17-Feb-19Condominium610 sfRM1,600
17-Feb-19Condominium969 sfRM3,550
17-Feb-19Condominium850 sfRM2,700
16-Feb-19Condominium916 sfRM3,200
15-Feb-19Room In Apartment-NA-RM1,600
15-Feb-19Office910 sfRM5,200
15-Feb-19Retail2,600 sfRM19,000
15-Feb-19Retail650 sfRM5,000
15-Feb-19Retail900 sfRM6,500