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 apartment units, 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 101 property projects in Malaysia. Other similar projects by the same developer are Alam Suria, Bandar Sunway Semenyih, PJS 6, PJS 9, Sunway City Ipoh, Sunway Damansara, Sunway Geo, Sunway Geo Avenue, 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 - RM1,050,000 (Apartment)
RM780,000 - RM7,900,000 (Retail)
RM680,000 - RM1,550,000 (Office)
RM670,000 (Shop-Office)
Density
1,009 Apartments, 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 RM1,050,000 (about RM1,190 psf) for apartment units, RM780,000 to RM7,900,000 (about RM1,150 psf) for retail units, RM680,000 to RM1,550,000 (about RM1,010 psf) for offices and RM670,000 (about RM990 psf) for shop-offices; while the monthly rentals are from RM2,800 to RM3,700 (about RM4.24 psf) for apartment units, RM14,700 to RM26,000 (about RM7.60 psf) for retail units, RM2,500 (about RM3.69 psf) for offices and RM6,200 to RM6,800 (about RM3.21 psf) for shop-offices. The highest median price psf ever recorded was RM1,117 psf in Q3 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), RM1,129 psf in Q2 2019 (Retail), RM850 psf in Q1 2011 (Office) and RM1,001 psf in Q2 2019 (Shop-Office).

The current rental yield of Sunway Velocity is 4.8% for apartment units, 11.48% for retail units, 4.51% for offices and 4.68% for shop-offices. The highest rental yield ever recorded was 4.8% in Q3 2019 (Apartment), 11.48% in Q2 2019 (Retail), 4.51% in Q3 2019 (Office) and 4.68% in Q3 2019 (Shop-Office); while the lowest one was 2.75% in Q4 2015 (Apartment), 6.29% in Q4 2018 (Retail), 2.31% in Q3 2017 (Office) and 3.23% in Q1 2019 (Shop-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 / 883 sf with a median price of RM1,190 psf. For price wise, the most expensive one is 2-bedroom / 883 sf with a median price of RM1,190 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 RM1,000 psf.

Office Layouts

Meanwhile, the most popular layout and size combination at Sunway Velocity for offices is 678 sf with a median price of RM1,010 psf. For price wise, the most expensive one is 1,249 sf with a median price of RM1,240 psf; while the cheapest one is 678 sf with a median price of RM1,010 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 RM990 psf. For price wise, the most expensive one is 678 sf with a median price of RM990 psf; while the cheapest one is 678 sf with a median price of RM990 psf.

Latest Sunway Velocity for sale listings:

DateTypeBuilt-upPrice
TodayCondominium1,015 sfRM398,000
16-Aug-19Condominium969 sfRM980,000
12-Aug-19Condominium883 sfRM1,060,000
12-Aug-19Condominium883 sfRM1,100,000
12-Aug-19Condominium1,211 sfRM1,400,000
11-Aug-19Condominium1,128 sfRM1,400,000
11-Aug-19Condominium936 sfRM1,050,000
11-Aug-19Condominium1,000 sfRM990,000
20-Jul-19Condominium694 sfRM1,000,000
20-Jul-19Condominium883 sfRM1,300,000

Latest Sunway Velocity for rent listings:

DateTypeBuilt-upRental
16-Aug-19Room In Apartment-NA-RM450
13-Aug-19Room In Apartment-NA-RM590
YesterdayRoom In House-NA-RM600
12-Aug-19Office738 sfRM2,952
07-Aug-19Room In Shop-House-NA-RM300
04-Aug-19Condominium450 sfRM1,800
04-Aug-19Retail3,500 sfRM7,000
03-Aug-19Condominium450 sfRM1,298
03-Aug-19Condominium624 sfRM3,500
03-Aug-19Retail2,545 sfRM16,000

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