The Excitement Behind Sunway Geo Residences 2's 80% Take-Up

2015, PROPERTY

Sunway's proven "build, own and manage" model wows them again

Sunway Geo Residences 2 received a strong response with an 80% take-up rate recorded at its soft launch at Menara Sunway recently, despite it being a transitional period for the property sector.

This follows the success celebrated at previous launches for Sunway Geo. The first phase has since been sold out, while the second phase was 90% taken up at launch. Previous launches consisted of retail shops, flexi suites, serviced apartments and residences.

The soft launch of Sunway Geo Residences 2 offered 318 residential units within the 23.4 acre, RM2 billion GDV integrated development. Residents and businesses will benefit from Malaysia's first elevated Bus Rapid Transit (BRT) - Sunway Line to be completed in 2015, along with Sunway University's new campus and the expansion of the elevated canopy walk that connects the development to the world-class components of Sunway Resort City. The expansion of Sunway Medical Centre will be completed in 2017. Sunway Geo Retail, once completed in 2016, will have 200 retail outlets as well as over 600 units of office suites to support the lifestyle of the residents.

The units in Sunway Geo Residences 2 range from 654 to 1,055 sq ft built-up. Some units have the privilege of an unobstructed view of the Sunway South Quay lake, while others overlook the 800-acre Sunway Resort City.

Mr Ong Ghee Bin, Executive Director, Property Development Division for the Central Region, Sunway Berhad, said that the strong take-up demonstrates the market's confidence in the Sunway brand promise as well as a strong belief in potential capital appreciation of the development.

"Many of our purchasers see Sunway Geo as a blue-chip investment. Sunway's proven ‘build, own and manage' model ensures them that their investment is backed by Sunway's commitment to continuously evolve Sunway Resort City. It's an investment that cannot go wrong - strategic location in a top-notch healthcare and education precinct, great infrastructure, all within an ever-growing city," he said.

Sunway Geo will also be secured by Sunway's own security team and CCTV under its Safe City Initiative, which adds to its value as a liveable community. Earlier, Sunway Property also celebrated a 90% take-up rate for its launch of its commercial and residential units in Sunway Velocity, an integrated development in KL South. V Residence 2 consists of 334 units with GDV of RM382 million, while it's commercial developments, Signature Shop & Office consist of 50 units and 30 units respectively, with GDV of RM250 million. The success of both launches testifies to the success of Sunway's integrated development model with homebuyers.

For more information on Sunway Geo Residences 2, please call +60 17 964 0788+60 17 964 0788.