Sunway Velocity, Taman Maluri, Cheras

Sunway Velocity is a freehold integrated office, residential & retail hub located in Taman Maluri, Cheras. It comprises Designer Office, Signature 1, Signature 2, Sunway Velocity Mall, V Boulevard, V Office 2, V Park, V Residence 2, V Residence 3, V Residence Suites and Visio Tower. There are 1,009 condominium units, 405 retail units, 276 offices and 12 shop-offices available at this project with built-up from 689 sf to 953 sf for condominium units and 2,040 sf to 2,051 sf for retail units, 678 sf to 1,249 sf for offices, 678 sf to 1,249 sf for offices and 2,040 sf to 2,051 sf for retail units. It was developed by Sunway Bhd with a launch price of about RM800 psf for condominium 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 116 property projects in Malaysia. Other similar projects by the same developer are Alam Suria, Bandar Sunway Semenyih, PJS 9, Sunway City Ipoh, Sunway Damansara, Sunway Geo, Sunway Geo Avenue, Sunway Iskandar, Sunway Kinrara and Sunway South Quay.

Property Type
Integrated Office, Residential & Retail
Land Tenure
Freehold
Built-up
689 sf - 953 sf (Condominium)
2,040 sf - 2,051 sf (Retail)
678 sf - 1,249 sf (Office)
678 sf - 1,249 sf (Office)
2,040 sf - 2,051 sf (Retail)
Market Price
RM960,000 - RM1,080,000 (Condominium)
RM680,000 - RM1,950,000 (Office)
RM680,000 - RM1,950,000 (Office)
Total Units
1,009 Condominiums, 405 Retail Units, 276 Offices & 12 Shop-Offices
Completion Date
2013
Developer
Launch Price
RM800 psf (Condominium)
RM850 psf (Office)
RM1,300 psf (Shop-Office)

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

As for universities, there are Cybernetics International College Of Technology, Imperium International College (Formerly Known As Help College Of Arts & Technology), Sunway College and TMC College. There are also some transit stations here, for example LRT/MRT Chan Sow Lin, LRT/MRT Maluri and MRT Cochrane.

Lastly, the hospitals here are Sunway Medical Centre Velocity (Smcv) and Sunway Medical Centre Velocity Entry E.

The current rental yield of Sunway Velocity is 2.78% for condominium units, 5.06% for retail units, 4.03% for offices, 4.03% for offices, 5.06% for retail units and 4.0% for shop-offices. The highest rental yield ever recorded was 11.49% in Q3 2019 (condominium), 10.0% in Q2 2019 (retail), 5.04% in Q2 2022 (office), 5.04% in Q2 2022 (office), 10.0% in Q2 2019 (retail) and 6.55% in Q1 2018 (shop-office); while the lowest one was 2.34% in Q4 2015 (condominium), 2.92% in Q2 2021 (retail), 2.57% in Q3 2017 (office), 2.57% in Q3 2017 (office), 2.92% in Q2 2021 (retail) and 2.97% in Q4 2019 (shop-office). Meanwhile, the most common unit layouts and sizes available here are as follows:

Condominium Layouts

The most popular layout and size (built-up) combination at Sunway Velocity for condominium units is 2-bedroom / 953 sf with a median price of RM1,130 psf. For price wise, the most expensive one is 2-bedroom / 953 sf with a median price of RM1,130 psf; while the cheapest one is 2-bedroom / 850 sf with a median price of RM1,130 psf.

Retail Layouts

Meanwhile, the most popular layout and size (built-up) combination at Sunway Velocity for retail units is 2,040 sf with a median rental of RM5.88 psf. For rental wise, the most expensive one is 2,051 sf with a median rental of RM6.88 psf; while the cheapest one is 2,040 sf with a median rental of RM5.88 psf.

Office Layouts

Meanwhile, the most popular layout and size (built-up) combination at Sunway Velocity for offices is 678 sf with a median price of RM1,000 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 RM1,000 psf.

Office Layouts

Meanwhile, the most popular layout and size (built-up) combination at Sunway Velocity for offices is 678 sf with a median price of RM1,000 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 RM1,000 psf.

Retail Layouts

Meanwhile, the most popular layout and size (built-up) combination at Sunway Velocity for retail units is 2,040 sf with a median rental of RM5.88 psf. For rental wise, the most expensive one is 2,051 sf with a median rental of RM6.88 psf; while the cheapest one is 2,040 sf with a median rental of RM5.88 psf.

Latest Sunway Velocity sale listings:

TarikhJenis HartanahBinaanHarga
19 Feb 2023Condominium1,124 sfRM405,000
15 Jan 2023Condominium1,100 sfRM340,000
2 Jan 2023Condominium500 sfRM350,000
21 Dec 2022Condominium914 sfRM800,000
21 Dec 2022Condominium915 sfRM800,000
15 Dec 2022Condominium915 sfRM800,000
16 Sep 2022Condominium1,377 sfRM1,150,000
20 Jul 2022Office1,502 sfRM1,093,500
18 Jul 2022Office1,071 sfRM769,500
13 Jul 2022Condominium694 sfRM730,000

Latest Sunway Velocity rental listings:

TarikhJenis HartanahBinaanSewaan
TodayHouse Room-NA-RM500
TodayHouse Room-NA-RM500
TodayHouse Room-NA-RM560
TodayHouse Room-NA-RM500
TodayCommercial Room-NA-RM530
TodayHouse Room-NA-RM500
TodayHouse Room-NA-RM550
TodayHouse Room-NA-RM580
TodayRoom-NA-RM900
TodayRoom-NA-RM650
1 user comments on Sunway Velocity
Mohd Hanafi Ngah
9 Jan 2023 @ 4:25 PM

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