Sunway Geo Residences, Bandar Sunway

  • Caitlyn
  • 9 June 2021

Sunway Geo Residences is part of the 23.4-acre Sunway Geo integrated development, and Sunway Geo is part of the 178-acre Sunway South Quay. These developments enjoy the benefits from being close to the mature township of Sunway Resort City, with its 7 million sq ft of facilities, including educational institutions, shopping mall, healthcare, leisure, commercial, retail, and residential components.

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The RM2.2 billion Sunway Geo comprises retail shops, flexi suites, serviced apartments, and residences. Previous phases of Sunway Geo have received good response. The first phase comprised 31 units of retail shops and 228 units of flexi suites, while its second phase comprised 46 units of retail shops and 228 flexi suites.

Sunway Geo Residences is the third phase of the development, and it comprises 472 units in two condominium blocks with a gross development value (GDV) of RM490 million.

Sunway South Quay Sdn Bhd, a subsidiary of Sunway Bhd, entered into a 67:33 joint-venture with SEA Investment Four Pte Ltd, a subsidiary of Mitsui Fudosan Co, to develop and sell Sunway Geo Residences. Sunway Property had said that the JV boosted Sunway’s brand in the Japanese market. It leveraged on Mitsui Fudosan’s strength and its database of approximately 300,000 Japanese customers, to expand the international community within the development.

Sunway Geo Residences achieved 100% take-up rate, and it’s a testimony on how buyers have responded towards Sunway South Quay, where it is proving to be a beneficial long-term investment due to the connectivity, diversity of products, and safety. Sunway Geo Residences was launched in 2013, and completed at the end of 2016. Units were handed over to buyers in April 2017.

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Address: Jalan Tasik Selatan, Sunway South Quay, Bandar Sunway, 47500 Subang Jaya, Selangor

Developer: Sunway Group

Property Type: Condominium

Land Title: Residential

Tenure: Leasehold (expiry July 2104)

No. of Blocks: 2

No. of Storeys: 30

Total Units: 472

Sales Gallery: Sunway GEOLake Sales Gallery, G-01-01, Sunway GEO Avenue,
Jalan Lagoon Selatan, Sunway South Quay, 47500 Subang Jaya, Selangor

Year of Completion: 2017

Built-up Area: 829 sq ft – 1,496 sq ft

Facilities:

  • Olympic-length infinity swimming pool
  • Wading pool
  • Tennis court
  • Putting green
  • Playground
  • Multi-purpose court
  • Jogging track
  • Jacuzzi
  • Gymnasium
  • Forest courtyard
  • Flower garden
  • BBQ pavilion
  • Basketball half court
  • Aqua gym

Level 30

  • Sky lounge

Car park level – P3

  • Squash court
  • Reading area
  • Games area

Car park level – P4

  • Link bridge to Sunway Geo retail

Launch Price: From RM880,000

Launch Price Per Sq Ft: About RM850 per sq ft

Maintenance Fee: RM0.35 per sq ft

Project Details

Sunway Geo Residences’ built-up range from 829 sq ft to 1,496 sq feet, with 2- to 4-bedroom condominium units. The project comes with an Olympic-length pool, aqua gym, tennis court, squash court, basketball half court, forest courtyard, jogging track, games area, and sky lounge, among others.

There are dual key units available, where the units come attached with a studio apartment. These dual key units are ideal for families who want to stay with their parents, without compromising on one another’s privacy. These units are also ideal for investors, as the additional studio apartment can be rented out separately.

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Here are the key highlights of Sunway Geo Residences:

  • Convenience of an integrated development at one’s doorstep, with over 200 retail outlets and 600 office suites
  • A few minutes’ walk to the BRT station 
  • Direct access to over 200 retail outlets 
  • Walking distance to universities and amenities in Sunway City

Unit Types

Built-Up

Launch Price

Type A1 / A2

·       829 sq ft

·       2 bedrooms

·       2 bathrooms

·       1 French balcony

From RM880,000

Type B1 / B2

·       947 sq ft

·       2 bedrooms

·       1 study corner

·       2 bathrooms

·       1 French balcony

Type C1

·       947 sq ft

·       2 bedrooms

·       1 study corner

·       2 bathrooms

·       1 balcony

Type C2

·       958 sq ft

·       2 bedrooms

·       2 bathrooms

·       1 balcony

Type D1

·       1,109 sq ft

·       3 bedrooms

·       2 bathrooms

·       1 balcony

Type D2

·       1,119 sq ft

·       3 bedrooms

·       2 bathrooms

·       1 balcony

Type E

·       Dual key

·       1,388 sq ft

·       4 bedrooms

·       3 bathrooms

·       1 balcony

Type F

·       Dual key

·       Wheelchair-friendly

·       1,496 sq ft

·       4 bedrooms

·       3 bathrooms

·       1 balcony

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Location

One of key attractions of the Sunway Geo development is the elevated Bus Rapid Transit (BRT) Sunway Line, which has a station in front of Sunway Geo Retail, linked via a bridge. The 5.4km line is touted to be a gamechanger for Sunway Resort City, and it connects to the LRT station at USJ (Kelana Jaya LRT extension) and Setia Jaya KTM station. The elevated BRT reduces traffic congestion, while providing eco-friendly transportation for the population in Bandar Sunway and its surrounding areas.

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Purchasers enjoy good accessibility and connectivity between the residential and commercial precincts of Sunway South Quay and to Sunway Medical Centre. Residents can also use Sunway City’s canopy walk to get to Sunway Pyramid, Sunway University, Monash University Malaysia, Sunway Geo, and Taylor’s University Lakeside Campus. On top of this, the project is surrounded by over 7 million sq ft of facilities and amenities at Sunway City.

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Sunway Geo Residences will enjoy these accessibility:

  • By Train – LRT & KTM at residents’ doorstep via Malaysia’s first elevated BRT – Sunway Line 
  • By Car – Close to major highways, and direct access to KESAS Highway 
  • By Foot – Canopy walk connecting Sunway Pyramid, Sunway University, Monash University Malaysia, Sunway Geo, and Taylor’s University Lakeside Campus 
  • By Bus – Free shuttle bus to nearby amenities at Sunway City

Sunway Geo Residences 2 was launched in 2014, while Sunway Geo Residences 3 was launched in 2016. Sunway Geo Residences 3 is a 44-storey condominium project with 420 units. It has built-ups ranging from 988 sq ft to 1,772 sq ft.

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Accessibility

  • New Pantai Expressway (NPE)
  • Damansara-Puchong Expressway (LDP)
  • Federal Highway
  • Shah Alam Expressway (KESAS)
  • KTM Komuter Setia Jaya (KD08)
  • BRT Mentari (SB2) 

Education

  • Taylor’s Lakeside Campus
  • Monash University Malaysia
  • The One Academy
  • INTI International College Subang
  • Sunway University
  • USCI International School
  • SK Bandar Sunway
  • SJK (T) Seaport
  • Sri Kuala Lumpur International School
  • Sri Emas International School
  • ETrain College
  • Kasturi College International
  • SMK Subang Jaya
  • SMK Subang Utama
  • SK Kampung Lindungan

Medical Care

  • Sunway Medical Centre
  • Subang Jaya Medical Centre

Shopping

  • Sunway Pyramid
  • Mydin Hypermarket
  • Sunway Mentari Business Park
  • Sunway GEO Avenue
  • Subang Parade
  • Empire Shopping Gallery
  • Summit USJ
  • Decathlon USJ

Recreation

  • PJS 10 Park
  • Sunway Lagoon Resort
  • Sunway Extreme Park
  • XPark, Sunway South Quay
  • Tiong 5 PJ Park
  • Pro One Badminton Court
  • Kelab Golf Negara Subang
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Analysis

Apart from the conveniences from the connectivity and accessibility, the developer attributes the enthusiastic response to Sunway Geo Residences to its strategic location. Purchasers are also attracted to the development as it is within a high-traffic healthcare and education precinct.

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Sunway Geo Residences provides total convenience as being part of an integrated development within a self-sustaining township. Residents can practically walk to meet all their daily needs.

Available listings in PropertyGuru in May 2021 show that the asking monthly rental for 947 sq ft units are from RM2,600 to RM3,200, while purchase prices are asking from RM960,000 to RM1.1 million. So, for units purchased at RM1 million and rented out at RM3,000 per month, the gross rental yield would be 3.6% per annum.

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Here’s a look at properties in/close to Bandar Sunway.

Project

Land Tenure

Property Type

Completion

Built-up

Approximate Launch Price

Sunway Geo Residences by Sunway Group

Leasehold

Condominium

2017

829 sq ft – 1,496 sq ft

From RM880,000

Sunway GEOLake Residences by Sunway Group

Leasehold

Condominium

2022

883 sq ft – 1,776 sq ft

From RM837,000

Sunway GEOSense Residence (aka Sunway Geo Residence 2) by Sunway Group

Leasehold

Condominium

2018

654 sq ft – 956 sq ft

RM650,000

Ridzuan Condominium by Bandar Subang Sdn Bhd

Leasehold

Condominium

1999

From 590 sq ft

From RM270,000

Suriamas @ Bandar Sunway by Skillcet Holdings Sdn Bhd

Leasehold

Condominium

2008

1,245 – 1,300 sq ft

RM186,800

Icon Residenz by Mah Sing Group

Leasehold

Serviced Apartment

2016

675 sq ft – 1,405 sq ft

From RM562,000

The Edge Residen by Dergahayu Sdn Bhd

Leasehold

Serviced Apartments

2018

647 sq ft – 1,008 sq ft

From RM400,000

The Greens @ Subang West by Crest Builder Holdings Berhad

Freehold

Condominium

2018

915 sq ft – 1,184 sq ft

From RM568,800

Paisley @ Tropicana Metropark by Tropicana Metropark Sdn Bhd

Freehold

Service Residence

2021

601 sq ft – 1,516 sq ft

From RM672,000

Lot 15 by Sime Darby Property

Freehold

Serviced Residence

2021

624 sq ft – 1,001 sq ft

From RM593,888

Greenfield Residence by Cicet Asia Development Sdn Bhd

Leasehold

Serviced Apartment

2021

581 sq ft – 1,302 sq ft

From RM399,000

YOLO Signature Suites by OCR Properties (Yolo) Sdn Bhd

Leasehold

SoHo (Small office Home office)

2022

440 sq ft – 1,018 sq ft

From RM365,000

Aurora by Sime Darby Property

Freehold

Service Residence

2023

788 sq ft & 1,158 sq ft

From RM756,000

Residences (South) at Tropicana Metropark by Tropicana Corporation Berhad

Freehold

Serviced Residence

2024

500 sq ft & 700 sq ft

From RM377,000

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Summary

Sunway Geo is a vibrant integrated development where components are all within walking distance. Thus, residents of Sunway Geo Residences can experience the best of entertainment, leisure, work, and play lifestyle. Getting around is also easy, via 6 major highways – KESAS, NPE, LDP, NKVE, ELITE, and Federal Highway. Whether residents are getting around in Sunway Resort City, or heading for Kuala Lumpur (about 20 minutes’ drive), they’ll be able to do so with ease.

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The strong take-up of Sunway Geo series demonstrates the market’s confidence in the Sunway brand, and the potential capital appreciation. So, if you’re interested in a 947 sq ft unit at Sunway Geo Residences that’s priced at RM1 million, here are its estimated loan figures.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM100,000
  • Loan amount: RM900,000
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM4,041
  • Approximate required gross annual income: RM156,000*

You can use these calculators to adjust the loan numbers:

Want to find out your Debt Service Ratio (DSR)?

DSR is a method used by banks in Malaysia to calculate whether you can afford the loan you’re applying for. To calculate your DSR, use the FREE PropertyGuru Loan Pre-Approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.

* Assumptions: Borrower has no other monthly debt obligations, and 30% of gross income is spent on the home loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.

 

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Eric Wong

Caitlyn

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