Curvo Residences is the final residential phase of the first integrated development in Setapak, SkyArena.
Continue Reading ⋅ 30 January 2023
Sunway Avila is Sunway Property’s maiden foray into Wangsa Maju and it will sit on 4.34 acres of freehold land. The first tower of this integrated development achieved a take-up rate of 80% during a private event for priority registrants on 25 May 2019. The developer believes that the response for Sunway Avila is attributed to the right development, at the right place, and at the right price.
Sunway Avila comes with more than 25 facilities and amenities for an urban lifestyle, while being close to nature. It features functional and practical layouts for families, and is marketed as being ideal for those who work in the KL City Centre (KLCC) as the development will be connected to the Sri Rampai LRT station via a covered walkway. It is also suitable for the younger second-generation families who prefer to stay close to families who are living around the area.
The development is also accessible through the Duta-Ulu Klang Expressway (DUKE), Middle Ring Road 2 (MRR2), and Ampang-Kuala Lumpur Elevated Highway (AKLEH) highways.
Additionally, it is close to the rapidly developing area of Wangsa Maju and 5 retail centres, such as Wangsa Walk Mall, AEON Big Wangsa Maju, Setapak Central Mall, AEON Alpha Angle and Melawati Mall. Residents will also be close to other amenities including education institutions, and healthcare facilities.
Sunway Avila makes it possible to realise urban living at affordable prices. It offers living space for families and a myriad of facilities, that are complemented by a retail podium for residents’ convenience.
The development has a commercial status, and is one of the few in its immediate vicinity to have a freehold title, which enhances the future prospects of the development. Sunway Avila will be developed by Sunway Avila Sdn Bhd, a joint venture between Sunway and landowner Huatland Development Sdn Bhd, and is targeted for completion in 2023.
Address: Wangsa Maju, KL
Property Type: Serviced Apartment
Land Title: Commercial
Total Units: 810 residential units & 30 retail shops
Tenure: Freehold
Sales Gallery: Jalan Seri Wangsa 1, Taman Sri Rampai, 53300 Kuala Lumpur
Gallery GPS Coordinates: 3.192928, 101.735576
Year of Completion: 2023
Built-up Area: 732 sq ft – 1,227 sq ft
Facilities:
- Lounge
- Games room
- Half basketball court
- Outdoor fitness
- Reflexology walk path
- Feature staircase
- Sky terrace
- Jogging track
- Gym room
- Poolside cabana
- BBQ area
- Children playground
- Children’s water play area
- Olympic-length infinity pool
Launch Price: From RM430,000
Price Per Sq Ft: From RM590 per sq ft
Maintenance Fee: RM0.30 per sq ft
Project Details
Sunway Avila is located approximately 6.5 km from the KL City Centre (KLCC), and the RM590 million mixed-use development comprises 810 serviced residences in 2 towers (Towers A and B) and 30 stratified retail shops (which will be unveiled in year 2020).
Sunway Avila is built to meet the demands of urban purchasers. The residential units are priced from RM430,000, which gives young families and first-time home buyers the opportunity to own homes close to KLCC at affordable prices. The serviced apartments will have built-ups of 732 to 1,227 sq ft, with 2 to 4 bedrooms, and 2 to 3 bathrooms. As for the shops, the built-up will be about 1,600 sq ft.
The maintenance fee will be RM0.30 per sq ft and Sunway Avila comes with more than 25 facilities and amenities such as a poolside cabana, outdoor yoga deck, basketball court, games room, half-court basketball, sky terrace, herb garden, children’s playground, gymnasium, and Olympic-length infinity pool.
This gated and guarded development offers security that includes CCTV surveillance, trained security personnel, and controlled exit and entry points. Other facilities include a business centre, ample parking spaces and a nursery, among others.
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Unit Types |
Built-Up |
Launch Price |
|
Type A
|
· 732 sq ft · 2 bedrooms · 2 bathrooms |
From RM430,000 |
|
Type B
|
|
|
|
Type C |
· 1,033 sq ft
|
|
|
Type D
|
|
|
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Type E |
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Location
Sunway Avila enjoys connectivity and accessibility via several major highways and access roads such as the Duta-Ulu Kelang Expressway (DUKE), the Middle Ring Road 2 (MRR2), the Ampang-Kuala Lumpur Elevated Highway (AKLEH), the upcoming Setiawangsa-Pantai Expressway (SPE) and Jalan Setia Wangsa. Additionally, the Sri Rampai LRT Station is a short walk from the development, and this provides residents with a convenient commuting option.
Popular shopping hotspots close to Sunway Avila include Wangsa Walk Mall, AEON Big Wangsa Maju, AEON Alpha Angle, Setapak Central Mall, and Melawati Mall, while the Great Eastern Mall is just 4km away. The KLCC Suria and Petronas Twin Towers are is about 6.5km away, or 6 stops away from the Sri Rampai LRT station.
National schools within walking distance from the development include SMK Taman Seri Rampai, SK Wangsa Maju Zon R10, SK Taman Seri Rampai, while international schools nearby include Sri Utama International School, Fairview International School, The International School of Kuala Lumpur, Mutiara International School and Sayfol International School. TAR College is also relatively close by.
Recreation wise, Sunway Avila is about a 10-minute drive to the National Zoo and the Royal Selangor pewter factor, while Lake Titiwangsa is about 15 minutes’ drive away. As for healthcare, there are 3 nearby options – Columbia Asia Hospital, KPJ Ampang Puteri Specialist Hospital, and Gleneagles Hospital KL.
Accessibility
- Duta-Ulu Kelang Expressway (DUKE)
- Middle Ring Road 2 (MRR2)
- Ampang-Kuala Lumpur Elevated Highway (AKLEH)
- Jalan Setia Wangsa
- Jalan Genting-Klang
- Covered walkway to LRT station
- Setiawangsa-Pantai Expressway (SPE – ready in 2020)
- Sri Rampai LRT station – 800m
Education
- SMK Taman Sri Rampai 800m
- Sri Utama International School 2km
- Fairview International School 3km
- TAR College 4km
Medical Care
- Columbia Asia Hospital 3km
- Gleneagles Hospital 4km
Shopping
- Wangsa Walk Mall 1km
- AEON Big Wangsa Maju 1km
- AEON Alpha Angle 2km
- Setapak Central Mall 3km
- Melawati Mall 4km
- Great Eastern Mall 4km
- Suria KLCC 5km / 6 stops from Sri Rampai LRT station
Recreation
- Lake Titiwangsa
Analysis
The developer is targeting upgraders and the younger generation who grew up in the Wangsa Maju area. They hope to attract owner-occupiers, especially with its bigger units.
As Sunway Avila is located in a mature neighbourhood, there are many second-generation residents who want to stay near their parents. There are also potential upgraders who are now staying in smaller units. The smallest unit at Sunway Avila is 732 sq ft, with 2 bedrooms and 2 bathrooms, and it could be a comfortable size for individuals, young couples and young families. During the preview in May 2019, there was better response to the bigger units compared to the smaller ones.
There was an early-bird price (5% to 6% lower than the market) to reward those who purchased early. Currently, there are special rebates and Home Ownership Campaign (HOC) available for a limited time. Do check with the developer on their latest offers.
The developer is also confident that the project will sell well as it features lower density, bigger units to suit families, and a good range of facilities for its price.
Here’s a quick look at residential properties in Wangsa Maju.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
Sunway Avila by Sunway Property |
Freehold |
Serviced Apartment |
2023 |
732 sq ft– 1,227 sq ft |
From RM430,000 |
|
Wangsa 9 Residency (Tower A) by Mitrajaya Holdings |
Freehold |
Condominium |
2019 |
1199 sq ft – 2,454 sq ft |
From RM855,760 |
|
Irama Wangsa (Block C) by Beneton Properties |
Freehold |
Condominium |
2018 |
1,206 sq ft – 1,637 sq ft
|
From RM750,000 |
|
Infiniti3 Residences by Setapak Heights Development |
Leasehold |
Condominium |
2017 |
1,085 sq ft – 2,266 sq ft |
From RM638,000 |
|
Lexa Residence @ The Quartz by Beverly Group |
Freehold |
Serviced Apartment |
2019 |
662 sq ft – 919 sq ft
|
From RM420,000 |
|
The Hamilton by Aset Kayamas |
Leasehold |
Condominium |
2020 |
1,000 sq ft – 2,200 sq ft
|
From RM498,000 |
|
Seri Riana Residence (Phase 2) by IJM Land |
Leasehold |
Condominium |
2017 |
1,259 sq ft – 1,830 sq ft
|
From RM735,000 |
Summary
The improved accessibility and growing population is expected to support the demand growth. As for capital appreciation in the future, land scarcity and limited new supply in this area will see to that.
The demand remains strong for homes in mature, self-contained and established neighbourhoods such as Wangsa Maju. Plus, it is located close to the city centre. Its growth potential grew, especially after the opening of the Duta-Ulu Klang Expressway (DUKE).
Wangsa Maju was part of the Setapak rubber estates in the 1900s to 1980s. Today, it is a township with a comprehensive range of amenities and facilities such as shopping malls, shops, entertainment outlets, sports centre, and schools. Perhaps, these are some of the reasons that Wangsa Maju is becoming popular with owner-occupiers, the newer generation, and property investors.
If you are interested in a 732 sq ft unit at Sunway Avila that is priced at RM430,000, the monthly repayment would be approximately RM1,915. This is based on a 30-year 90% LTV loan of RM387,000 with an interest rate of 4.3%. The monthly repayment figure is derived from PropertyGuru’s Home Loan Calculator.
To know exactly how much home loan you can get from the banks and whether you can afford this property, you can use the PropertyGuru Loan Pre-Approval. It is FREE to use and helps you avoid loan rejections. It has a 99.9% accuracy so you can be sure of home loan approval!
