Sunway Gandaria Retail 95% sold

Sunway Property, the property arm of Sunway Bhd -- clinched 95% sales for Sunway Gandaria Retail, one of the components of its latest mixed-use development in Bangi, Sunway Gandaria.

The newly-launched Sunway Gandaria Retail has a gross development value of RM54 million and comprises 34 retail units with built-ups ranging from 983 sq ft to 6,071 sq ft and priced from RM832,000.

Since its preview in mid-December last year, 32 units have been taken up.

“Strategically located in Pusat Bandar Baru Bangi, Sunway Gandaria Retail’s units are expected to benefit from the catchment of 1,000 residents within the development itself as well as more than 500,000 catchment from the surrounding areas of Bangi, Kajang and Nilai,” said Sunway’s central region property development executive director Ang Kee Ping.

He also reckons that the success of this launch indicates a good take-up rate for the upcoming launches of the residential component.

Sunway Gandaria, which the developer touts as the “Peak of Bangi”, is located in the heart of Pusat Bandar Baru Bangi.

The entire development has a gross development value (GDV) of RM228 million and is expected to be completed by 2020.

The area will have easy access to more than 20 schools and universities, financial institutions, shops and other essential amenities.

The development can be accessed via eight major highways, from North-South Highway by exiting the Kajang or Putra Bangi interchanges, or via the Silk Highway at Kajang interchange via Jalan Reko, the North Klang Valley Expressway (NKVE), South Klang Valley Expressway (SKVE), Kajang-Seremban Highway (Lekas), North-South Expressway Central Link (ELITE), Cheras-Kajang Expressway as well as the Sistem Lingkaran-Lebuhraya Kajang.

It is also expected to benefit from its proximity to the MRT Line 1 Kajang station, which is scheduled to be operational by 2017, the proposed MRT Line 2 Putrajaya station and the proposed Putrajaya-Kajang BRT line. - The Edge Property