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Continue Reading ⋅ 19 February 2022
As land in Kuala Lumpur city centre become scarcer, a land transaction can mark a major win for the purchaser. In that regards, the purchase of 4.53 acres along Jalan Belfield in the Kampung Attap vicinity in 2017 by Sunway Bhd represents a big win.
The developer acquired the freehold parcel for RM165 million (approximately RM836.17 psf). The site is located close to the old Istana Negara.
There’s the surrounding greenery on one side, and the other side is the iconic Merdeka 118 Tower which is expected to be ready by 2022.
Upon its completion, Merdeka 118 will be the tallest building in Malaysia and Southeast Asia. It will stand at 635 metres or 2,152 feet (measured from the ground to the tip of the tower’s off-centre spire about 150m long); taller than the 452m Petronas Twin Towers.
The purchased site will now be home to Sunway Belfield. In total, the mixed development will have an estimated gross development value (GDV) of RM1 billion.
Here are the key selling features of Sunway Belfield.
- Freehold, with a KL address
- Located in KL city centre, yet a quiet and tranquil area
- Surrounded by greeneries
- Practical and functional layout for both family-use or investment
- Surrounded by amenities and connectivity
- Dubbed as exclusive “Sky Homes”; Semi-Ds and bungalows in the sky
- Awarded Gold rating by GreenRE (Residential Category)
Address: Jalan Belfield, 50150 Kuala Lumpur
Property Type: Serviced Residence
Land Title: Commercial
Total Units: 880 (Phase 1)
Tenure: Freehold
Sales Gallery: Sunway Belfield Property Gallery, Bangunan Cheong Wing Chan, G1, Ground Floor, No 41-45, Jalan Maharajalela, 50150, Kuala Lumpur
Year of Completion: 2024
Built-up Area: 797 sq ft – 1,345 sq ft
Facilities:
Level 8
- Infinity pool
- Submerged sun lounge
- Jacuzzi pool
- Wading pool
- Fun pool
- Reading terrace
- Changing room / toilet
- BBQ terrace
- Herbs & spices garden
- Tree house
- Children’s playground
- Outdoor trampoline
- Basketball court
- Multi-purpose court
- Yoga terrace
- Outdoor fitness zone
- Reflexology pathway
- Karaoke room
- Terrace lounge
Level 8A
- Terrace Pavilion
- Dance studio
- Gym
- Co-working space
- Management office
- Surau
Level 53A
- Sky deck
- BBQ terrace
- Sky function room
Launch Price: From RM590,000
Awards: Gold rating by GreenRE (Residential Category)
Project Details
There are 5 layouts, with sizes ranging from 797 sq ft to1,345 sq ft. So, there’s something from a young couple to a family. Virtual tours of each unit type are available on the development’s website.
The capital’s Golden Triangle is within a 5km commute, or head to any destination via KL Sentral transportation hub located 2 stations away from Maharajalela monorail station, a 400m walking distance from the residence.
Sunway Belfield is also Green RE-certified sustainable development, and the development integrates close to 30 facilities, including a co-working space, a herb and spices garden for farm to table living, as well as indoor and outdoor community spaces.
Residents will also be able to take in the spectacular views of the upcoming tallest building in Malaysia and Southeast Asia, Merdeka 118. Price for the residential units starts from RM590,000.
|
Unit Types |
Built-Up |
Launch Price |
|
Type A1 / A 2 |
· 797 sq ft · 2 bedrooms · 2 bathrooms |
From RM590,000 |
|
Type B |
· 1,044 sq ft · 3 bedrooms · 2 bathrooms |
|
|
Type C |
· 1,119 sq ft · 3 bedrooms · 2 bathrooms |
|
|
Type D |
· 1,152 sq ft · 3 bedrooms · 3 bathrooms |
|
|
Type E |
· 1,345 sq ft · 4 bedrooms · 3 bathrooms |
Location
Sunway Belfield has easy access to and from Federal Highway, and the north- and south-bound PLUS Expressway via Jalan Syed Putra, Jalan Damansara, and Jalan Istana. Residents of Sunway Belfield will also enjoy convenient connectivity to KLCC, the Bukit Bintang shopping belt, KL Sentral, and Perdana Botanical Gardens.
Jalan Belfield itself, snakes through most of Kampung Attap, was named after Sir Henry Conway Belfield, the British Resident of Negeri Sembilan in 1901. He was also the British Resident of Selangor and Perak.
Within 800m walk from Sunway Belfield is the iconic skyscraper, Merdeka 118 tower. Upon completion, it will be the tallest landmark in Malaysia and Southeast Asia, with 1 million sq ft of shopping and entertainment spaces, 83 storeys of corporate offices, 12 storeys of hotel rooms, five storeys of hotel residences and a retail business centre.
As for public transportation, it is a mere 400m walking distance to Maharajalela monorail station from Sunway Belfield and 2 stations to KL Sentral transportation hub where the 6 rail networks are – KLIA Express Rail Link, KLIA Transit, LRT, KTM Komuter, KTM Intercity, and KL Monorail. One could get to KLIA and klia2 with a 28-minute train ride.
Sunway Belfield is just 130m from The Zhongshan Building, which has been transformed into an art hub, the famed Loke Yew family home which is now the Pentago House, and the Chan She Shu Yuen Ancestral Hall.
Accessibility
- Jalan Damansara/ Jalan Istana
- Jalan Maharajarela/ Jalan Kuching
- Jalan Syed Putra/ Federal Highway
- Jalan Sungai Besi
- Maharajalela Monorail Station (walking distance) — 400m
- Hang Tuah LRT Interchange Station — 1 station
- KL Sentral transportation hub — 2 stations
- Bukit Bintang MRT connecting station — 3 stations
Education
- SJK (C) Kuen Cheng 1 (walking distance) — 400m
- Kuen Cheng Secondary School — 1.7km
- Alice Smith Primary School — 4.5km
- Taylor’s International School, KL — 5.2km
Medical Care
- Tung Shin Hospital — 2.8km
- Sunway Medical Centre — 3.8km
Shopping
- Merdeka 118 tower (walking distance) — 800m
- Petaling Street (walking distance) — 800m
- Pavilion KL — 3.3km
- TRX — 3.6km
- Sunway Velocity Mall — 3.8km
- Suria KLCC — 4.4km
- Mid Valley Megamall — 5.4km
Recreation
- KL Tower — 4.3km
- Perdana Botanical Garden — 5.4km
- Stadium Merdeka — 1.3km
- The Zhongshan Building — 130m
Analysis
Jalan Belfield snakes through most of Kampung Attap, an area that houses government quarters, colonial-era buildings, and some of the oldest historical buildings in Kuala Lumpur. All these are set amid lush greenery.
Some of the older buildings have been refurbished, including The Zhongshan Building, which has been transformed into an art hub, and the famed Loke Yew family home that is now called Pentago House.
The area is also accessible via the Maharajarela Monorail station, the Merdeka MRT station, Jalan Syed Putra, Jalan Wisma Putra, Jalan Loke Yew, and Jalan Sultan Sulaiman (which is linked to Jalan Maharajalela and Jalan Syed Putra, connecting Kuala Lumpur to Petaling Jaya).
This area is also close to Petaling Street and the upcoming Merdeka 118 development, which is set to liven up the area near Merdeka Stadium and Stadium Negara (off Jalan Stadium).
With all that it’s got going for it, this area is a spot to watch.
Here’s a look at residential properties in or close to the Kuala Lumpur city centre.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
Sunway Belfield by Sunway Bhd |
Freehold |
Serviced Residence |
2024 |
797 sq ft – 1,345 sq ft |
From RM590,000 |
|
Freehold |
Serviced Apartment |
2019 |
704 sq ft – 1,153 sq ft |
From RM815,000 |
|
|
Freehold |
Serviced Residence |
2023 |
624 sq ft – 1,022 sq ft |
From RM1.44 million |
|
|
Conlay by Eastern & Oriental Bhd and Mitsui Fudosan Group |
Freehold |
Serviced Apartment |
2024 |
732 sq ft – 1,335 sq ft
|
From RM1.46 million |
|
Freehold |
Serviced Residence |
2020 |
705 sq ft – 1,328 sq ft
|
From RM2.3 million |
|
|
Freehold |
Serviced Residence |
2021 |
680 sq ft – 3,080 sq ft |
From RM1.18 million |
Summary
Sunway Belfield is literally minutes away from everything. There’s also the prestige of being so close to one of the most anticipated developments in Southeast Asia, Merdeka 118.
As at March 2021, it has registered an 80% take-up rate for its first tower despite its soft launch during the pandemic. Due to overwhelming response, the developer has now opened its second tower for sale.
If you’re looking at a Sunway Belfield Residence unit priced from RM590,000, here are some estimated loan figures.
- LTV / margin of finance: 90% (10% down payment)
- Down payment: RM59,000
- Loan amount: RM531,000
- Loan term: 30 years
- Interest rate: 3.2%
- Required gross annual income: RM94,000*
These calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru’s Home Loan Eligibility and Affordability Calculator.
* Assumption: You have no other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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!
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