Suriamas@Bandar Sunway, Petaling Jaya

  • Pavither
  • 3 February 2021

Located in PJS 10 Bandar Sunway, Suriamas@Bandar Sunway (also known as Suriamas) is a mid-size mid-range condominium development by Skillcet Holdings Sdn Bhd, a member of HR Group. The project was launched in 2005, and it was completed in 2008. Like most properties in the ex-mining locale of Bandar Sunway, Suriamas is constructed on leasehold land.

Situated close to the heart of the self-sufficient and well-integrated township, the development is aimed to focus on value creation by offering spacious and private living. This is evident from the relatively roomy unit layouts and wide open shared spaces.

Due to its reasonable price tag, the development was well received by investors, as more than 50% of the first block was snapped up in the first 5 days of its sales launch, while 40% of the second block was taken up within 2 weeks of its launch half a year later. Its value has since appreciated significantly in line with the development and improvements in its vicinity.

 Suriamas is a mid-range development comprising 3 condominium blocks in Bandar Sunway.

Address: Jalan PJS 10/11, Bandar Sunway, 46150 Selangor

Property Type: Condominium

Land Title: Residential

Total Units: 675

Tenure: Leasehold

Year of Completion: 2008

Built-up Area: 1,245 sq ft – 1,300 sq ft

Facilities:

  • Swimming pool
  • Playground
  • Gymnasium
  • Tennis court
  • Club house
  • Jacuzzi
  • Sauna
  • Barbeque Area
  • Jogging track
  • Cafeteria

Launch Price: RM186,800 to RM249,800

Launch Price Per Sq Ft: RM150 – RM170 per sq ft

Maintenance Fee: RM0.15 per sq ft

Project Details

Suriamas is a mid-range development comprising 3 condominium blocks in Bandar Sunway. Built on 6.3 acres of leasehold land, the project has a gross development value (GDV) of RM150 million. It was fully completed with Certificate of Fitness (CoF) in 2008.

Suriamas residents have many facilities to look forward too.

The first block, named Sun Villa, has 255 units with 17 units per floor and 3 lifts to service. The second and third blocks – Sun Villa 2 and Sun Villa 3 –were launched subsequently, and they have 240 units and 180 units respectively.

All 675 units come with 4 bedrooms and 2 bathrooms, and purchases will have 2 car parks. There are only 2 choices of built-ups; 1,245 sq ft for intermediate units and 1,300 sq ft for the corner units.

Only 6 or 7 units in each block come with additional spacious terraces of 267 sq ft to 364 sq ft. These exclusive units were very popular and were quickly taken up during the launches.

All 3 blocks overlook a spacious 1.8-acre central deck which houses facilities such as a large swimming pool, wading pool, gymnasium, playground, tennis courts and multi-purpose hall.

All 3 blocks overlook a spacious 1.8-acre central deck which houses facilities such as a large swimming pool, wading pool, gymnasium, playground, tennis courts and multi-purpose hall.

The podium is also decorated with some water-based embellishments and landscaping, which is a refreshing effort to complement the airy open area.

According to the developer, the blocks are arranged in such a way to allow good cross-ventilation and good views of its surroundings. For the ease of the residents, there is also a cafeteria, convenience store and laundrette within the compound.

The complex is also equipped with CCTV cameras and card access system.

Unit Types

Built-Up

Launch Price

Type A

·       1,245 sq ft

·       4 bedrooms

·       2 bathrooms

From RM186,800

Type B

·       1,300 sq ft

·       4 bedrooms

·       2 bathrooms

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Location

Suriamas is located in a residential enclave, off the New Pantai Expressway (NPE) and opposite of Sunway Pyramid shopping centre. Visible from the Federal Highway, but fairly separated from it by a relatively large strip of greenery, Suriamas faces a lake at the Subang Jaya recreational park and also the exclusive Kelab Golf Negara Subang (KGNS) on the other side of the Federal Highway.

 Suriamas is a mid-range development comprising 3 condominium blocks in Bandar Sunway.

Its location is desirable due to its proximity to the many commercial areas in Bandar Sunway, and mature neighbouring townships such as Puchong, Subang Jaya, and USJ. Sunway Pyramid Shopping Centre, its neighbouring PJS 11 commercial area and Mentari Business Park, are all within a 1.5km radius. These areas are populated with lots of public amenities, restaurants, and cafes, offering the residents a good array of options and convenience.

Suriamas is easily accessible via the network of highways in the area such as the New Pantai Expressway (NPE), Lebuhraya Damansara-Puchong (LDP), and the Federal Highway. These highways then easily connect to other parts of Petaling Jaya, Kuala Lumpur, and Shah Alam, via the Shah Alam Expressway (KESAS) and the North–South Expressway Central Link (ELITE Expressway).

Since its completion, public transportation around the area has improved tremendously. The Mentari Bus Rapid Transit (BRT) station is only 1km from Suriamas. The BRT Sunway line starts from Sunway-Setia Jaya, and passes through the commercial areas of Bandar Sunway, Sunway Medical Centre, Sunway University all the way up to USJ 7.

The Sunway-Setia Jaya hub is connected to the KTM Komuter station and Leisure Commerce Square, where art and design college The One Academy now resides, while the USJ 7 hub connects to the Kelana Jaya LRT line.

For additional convenience and safety there are overhead pedestrian bridges nearby to cross over the busy roads and the NPE. Additionally, most of the commercial buildings by the Sunway Group are connected via a set-up of elevated and covered walkways, making it pleasant and comfortable to travel by foot at any time of the day.

Accessibility

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

Education

  • Sunway University College
  • Monash University
  • The One Academy
  • INTI College
  • USCI International School
  • Sri Kuala Lumpur International School

Medical Care

  • Sunway Medical Centre
  • Subang Jaya Medical Centre

Shopping

  • Sunway Pyramid
  • Sunway GEO Avenue
  • Subang Parade
  • Empire Shopping Gallery
  • Summit USJ
  • Decathlon USJ

Recreation

  • Sunway Lagoon Resort
  • XPark, Sunway South Quay
  • Kelab Golf Negara Subang
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Analysis

Suriamas is located ideally close to the core of the Bandar Sunway township, which is host to many commercial centres and education facilities.

The development is over a decade old, yet it is still a popular consideration for the working crowd and college students due to its good location, accessibility and connectivity as well as the general infrastructural developments in the area.

All 3 blocks overlook a spacious 1.8-acre central deck which houses facilities such as a large swimming pool, wading pool, gymnasium, playground, tennis courts and multi-purpose hall.

Due to the demand from working singles and students, quite a number of units are rented out. While this may not be ideal for family-type residents, the management and security personnel are reportedly very strict in controlling visitor entry and unauthorised use of the facilities, ensuring peace and safety at the complex.

At the moment, Suriamas has good demand and a decent rental yield of about 4.5%. Quite a number of units have been listed for short-term stays on hotel-booking websites, but prices are unavailable due to the pandemic.

Here’s a look at residential properties in Bandar Sunway.

Project

Land Tenure

Project Type

Completion

Built-up

Approximate Launch Price

Suriamas@Bandar Sunway by Skillcet Holdings Sdn Bhd

Leasehold

Condominium

2008

1,245 – 1,300 sq ft

RM186,800

Ridzuan Condominium by Bandar Subang Sdn Bhd

Leasehold

Apartment

1999

From 590 sq ft

N/A

Palmville Resort Condominium by Sunway Group

Leasehold

Condominium

N/A

1,399 – 2,142 sq ft

N/A

Nadayu28 by Nadayu Properties Bhd

Leasehold

Condominium

2015

990 – 1,850 sq ft

RM700,000

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

Leasehold

Condominium

2018

654 – 956 sq ft

RM650,000

Show More

Summary

Suriamas is a relatively high-density development that is fortunate to be flanked by plots of greenery and luscious views. Fully completed approximately 12 years ago, the condominium is considerably well maintained and managed.

 According to the developer, the blocks are arranged in such a way to allow good cross-ventilation and good views of its surroundings.

While there are several similar typed developments in its immediate surroundings and a quite a number of newer upscale developments on the opposite side of Bandar Sunway, Suriamas still garners demand today due to the combination of its location, and hence convenience, and also its corresponding affordability.

As listed on PropertyGuru.com.my, asking price for a fully furnished unit is RM470,000 to RM480,000 while asking rental for a similar unit is in the range of RM1,800 per month. Subletting is common at Suriamas, with asking price for a furnished room at RM480 per month.

Here are estimated loan figures for a Suriamas@Bandar Sunway unit priced at RM480,000.

  • LTV / margin of finance: 90%
  • Down payment (10%): RM48,000
  • Loan amount: RM432,000
  • Loan term: 30 years
  • Interest rate: 3.2%
  • Monthly repayment: RM1,868
  • Approximate required gross annual income: RM75,000*

Calculations are based on the PropertyGuru Home Loan Calculator, and PropertyGuru’s Home Loan Eligibility and Affordability Calculator. Try them to estimate the figures that are right for you!

Home loan basics: Know 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 Debt Service Ratio (DSR), refer to the FREE PropertyGuru Home Loan Pre-Approval tool. It has a 99.9% accuracy, which greatly helps in avoiding loan rejections.

* Assumptions: 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.

 

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Eric Wong

Pavither

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