Brisk sales expected at SunwayMas project

AMPANG: SunwayMas Sdn Bhd, the property arm of Sunway Holdings Bhd, is confident that its high-end residential development Sunway Rydgeway in Melawati Heights will be fully taken up within two weeks.

All 30 semi-detached homes had been sold and only six of the 40 bungalows were left since its soft launch late last year, said executive director Andy Khoo.

“We’re pretty overwhelmed with the take-up so far,” he told StarBizWeek, adding that the development was already 80% taken up before its official launch on Oct 31.

Khoo said SunwayMas also offered attractive packages such as a 5:95 financing scheme and zero interest during construction to woo buyers.

“People were quite surprised to discover a hidden gem like Sunway Rydgeway here in Melawati. The fact that it was a Sunway project also gave potential buyers the confidence to invest in the homes.”

The project is the first fully gated and guarded development in Melawati. A low-density development with only five units per acre, Sunway Rydgeway will have a gross development value (GDV) of RM180mil when completed in 2011.

Since the soft launch, the value of the homes had appreciated by 15% to 20%, said Khoo.

“The introductory prices of the semi-detached units and bungalows were RM1.9mil and RM2.8mil respectively. Today, they are fetching RM2.4mil and RM3.4mil respectively,” he said.

The semi-detached units offer a built-up area of 3,600 sq ft while the bungalows have a built-up area of between 5,039 and 5,345 sq ft.

Khoo said the homes were targeted at buyers living within the Melawati area and at the fringe of Kuala Lumpur city.

“This place is ideal for those who want to be close to Kuala Lumpur but at the same time away from the buzz of the city.”

Sunway Rydgeway also incorporates several green elements in its design, namely rainwater harvesting, solar water heaters and inverter air conditioners which help residents play a role in energy conservation.

Floor-to-ceiling glass panels provide plenty of natural sunlight while strategically-located decks, private gardens and water features allow residents to enjoy being one with nature.

Sunway Rydgeway is 20 minutes away from the Kuala Lumpur city centre via the Middle Ring Road 2, Ampang (via the Kuala Lumpur Elevated Highway and Jalan Genting-Kelang, while Mont’Kiara is only a stone’s throw away via the Duke Highway.

By The Star (by Eugene Mahalingam)