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 for retail units and 678 sf to 1,249 sf for 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 89 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 Iskandar, Sunway Kinrara, Sunway Nexis and Sunway South Quay.
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:
- SJK (T) Cheras
- SK Cochrane Perkasa
- SMK Cochrane
- SMK Jalan Cochrane
- SMK Yaacob Latif
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 RM1,040 psf) for apartment units, RM780,000 (about RM1,150 psf) for retail units and RM740,000 to RM1,590,000 (about RM1,090 psf) for offices; while the monthly rentals are from RM3,200 to RM3,500 (about RM3.74 psf) for apartment units, RM14,700 to RM29,000 (about RM7.60 psf) for retail units and RM2,200 to RM5,500 (about RM3.24 psf) for offices. The highest median price psf ever recorded was RM1,055 psf in Q3 2018 (Apartment), RM2,206 psf in Q1 2018 (Retail) and RM1,179 psf in Q1 2017 (Office); while the lowest one was RM800 psf in Q1 2011 (Apartment), RM1,175 psf in Q2 2018 (Retail) and RM850 psf in Q1 2011 (Office).
The current rental yield of Sunway Velocity is 4.2% for apartment units and 3.83% for offices. The highest rental yield ever recorded was 4.2% in Q4 2018 (Apartment) and 4.2% in Q1 2016 (Office); while the lowest one was 2.75% in Q4 2015 (Apartment) and 2.31% in Q3 2017 (Office). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Sunway Velocity for apartment units is 2-bedroom / 953 sf with a median price of RM1,040 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 RM1,040 psf.
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 678 sf with a median price of RM1,150 psf; while the cheapest one is 678 sf with a median price of RM1,150 psf.
Lastly, the most popular layout and size combination at Sunway Velocity for offices is 678 sf with a median price of RM1,090 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 1,097 sf with a median price of RM1,040 psf.
Latest Sunway Velocity for sale listings:
Latest Sunway Velocity for rent listings: