Sunway Velocity Signature Retail Shop & Office

Updated: 20th May 2021 Sunway Velocity Signature Retail Shop & Office is a freehold commercial project completed in 2018. It is located at Cheras, Kuala Lumpur and developed as a part of a larger integrated mixed development known as Sunway Velocity. The entire 23-acre project comprises a mall, residential blocks, a hotel, retail shops and offices. It is a blue-chip commercial development by the reputable Sunway Group. Sunway Velocity Signature Retail Shop & Office is a part of a larger, self-sustained integrated development by Sunway Group. The project comprises a mixture of a residential, mall, medical centre, education, 2-acre central park, retail shops and offices. The layout of the units is designed with flexibility in mind, where the units can be used to cater to different business needs. The location of the property is also highly sought-after, with close access to major highways and public transportation which include MRT and LRT stations. Most importantly, the area is quite populated, with a large catchment reigning from Sunway Velocity itself and the surrounding area. Sunway Group has a strong track record in integrated developments and this property is worth considering. Sunway Velocity Signature Retail Shop & Office has excellent accessibility to major roads and highways, these include Jalan Tun Razak, SMART, NPE, KL-Seremban Highway, MEX, Jalan Chan Sow Lin Interchange and Besraya Eastern Extension Expressway (BEE). On top of that, the property is within walking distance to 2 MRT and LRT stations, namely Cochrane Station and Maluri Station. Both stations are 1 to 2 stops away from places such as the International Financial District (Tun Razak Exchange), Bukit Bintang and Golden Triangle areas. There were two (2) phases of Sunway Velocity Signature Retail Shop & Office development. Both phases were almost 1 year apart, with phase 1 was named Signature 1, a block of 8-storey shops and offices, with a total of 80 units. Similarly, phase 2 was named Signature 2, a block of 8-storey shops and offices, with a total of 64 units. The lot size in Signature 1 is 27'7" x 86', around 1,900 to 4,200 square feet for offices; while shop and office sizes in Signature 2 are around 1,991 to 3,848 square feet and 1,814 to 3,364 square feet, respectively. Both Signature 1 and 2 have 3 levels of retail shops and 5 levels of offices, with each unit connected with 2 lifts. Within the area, a number of educational institutions, ranging from primary, secondary to tertiary are located in close vicinity. These include SJK (T) Cheras, SK Cochrane Perkasa, SK Jalan Peel, SMK Cochrane, SMK Jalan Cochrane, SMK Yaacob Latif, Sunway College @ Velocity, Help College Of Arts & Technology and TMC College. The access to the medical centre is well-planned by the developer, where Sunway Medical Centre Velocity is a stone throw away from the property. This medical centre consists of approximately 240 beds and 66 outpatient specialist clinics. The nearest mall to the property is Sunway Velocity Mall, which is a short walking distance away, featuring a 1.4 million square feet lifestyle shopping mall and 6-storey retail podium comprising approximately 550 shops. Besides that, a few malls nearby include Aeon Maluri, IKEA Cheras and MyTown Shopping Centre for the occupants’ convenience. The area is considered as one of those areas packed with surprises. There are many wonderful restaurants and eateries to cater to the needs of all people. These are some of the foods in Cheras that one should not miss out on when in this area. Sunway Velocity Signature Retail Shop & Office was jointly developed by Sunway Property and Fawanis Sdn Bhd. Sunway Property established in 1974 is now one of Malaysia’s top multinational property-construction corporations, with businesses in 50 locations worldwide across 12 industries. The project was launched with a selling price of around RM 900 psf for its office lots, and around RM 1,150 to RM 1,900 psf for its retail lots. Therefore, the resulting launching price started from around RM 2,280,000. Since then, the property price has increased slightly in the price range. If you are interested in other projects within a similar price range, please refer to this list. Sunway Velocity Signature Retail Shop & Office is a part of a self-sustained integrated development by the well-known Sunway Group. The property enjoys a steady flow of patrons from its residential blocks and also nearby residents, where Cheras is a mature neighbourhood. It is one of the properties worth investing in.