Thinkproperty Blog

PENANG, May 6, 2010 - Sunway City Berhad (SunCity) continues to fortify its reach and presence in Penang with the launch of Sunway Aspera, a development that comprises 76 units of 2-storey and 9 units of 3-storey terrace homes in a relaxing seaside environment in Sungai Batu, Penang. These terrace homes are uniquely designed where life's best is experienced to its fullest in both an indoor and outdoor environment. Ideally nestled near the sea, these modern homes boast a built-up that is fitted with separate wet and dry kitchens; a spacious master bedroom with a dedicated walk-in wardrobe and a private bay window. These meticulous design details make these terrace homes all the more endearing and ideal to call home. The estimated gross development value is RM47 million and pricing of the units starts from RM495,000 onwards. The lot sizes are 20’ x 60’ and 20’ x 65’ for 2-storey terrace houses and 22’ x 70 for 3-storey terrace houses. In short, Sunway Aspera will bring you back to how life was in Penang not too long ago – carefree, relaxing and unburdened from the hustle-bustle of today's busy life. Sunway Aspera follows the success of the Group’s well-received development, Sunway Bukit Gambier which comprises of 3-storey courtyard homes, 3-storey semi-detached homes and 3-storey bungalows in Bukit Gelugor, Penang.

An artist impression of the Sunway Aspera 3-storey terrace homes

Mr Ho Hon Sang, Managing Director, Property Development Division, Malaysia, Sunway City Berhad, added, “The Group has been building quality properties in Penang since 1992 with the Seberang Jaya township which comprised of 3-storey shop offices while the first residential project was the 2-storey terrace houses and commercial shop houses at Sunway Tunas in Bayan Baru. At Sunway City, we place great emphasis on developing homes with lush greenery to provide families with a naturally relaxing and comfortable living environment as can be witnessed in completed developments such as Sunway Bukit Gambier and Sunway Tunas.”  

“The launch of Sunway Aspera is another addition to our portfolio of properties in Penang and we intend to solidify our presence further with new launches in the future. We trust that with our established track record in building quality properties, Sunway Aspera will receive good response from the public.”

Apart from Sunway Aspera, Sunway City has numerous other exciting projects in Penang which include Sunway Merica and Sunway Prima.  

Sunway Merica is a freehold landed development comprising of 86 units of 3-storey terrace homes and 12 units of 3-storey semi detached homes that are ideally nestled away from the hustle and bustle of city life in Sungai Ara, Penang. Only a 5% down payment is required to own a unit here.  

Built with two master bedrooms and four bedrooms, these spacious 3-storey terrace homes offer ample personal space for every family member. Its open-concept design also allows you to experience a truly enriching lifestyle where life’s little pleasures can be enjoyed indoors and outdoors.  

SunCity also has a joint promotion with Maybank to offer homebuyers with a very special home financing package whereby buyers can enjoy the ‘Pay Half, Pay Less, Pay Later’ scheme with a 95% loan. Under this scheme, buyers can opt to defer 50% of the loan payment to a later date which translates to lower monthly installment payments. This package is applicable to Sunway Merica.  

Additionally, the Group will be offering a 5% discount on the first 10% downpayment and also for the first 24 months from the date of SPA, the Group will be paying the interest. This is only valid with Maybank housing loans. This special promotion will end in May 2010.

The estimated gross development value is RM88 million for Sunway Merica and pricing of the units starts from RM872,000 onwards. The built-up areas are 2,715 sq ft - 20’ X 70’ and 3,021 sq ft - 22’X 70’.  

For business and retail, one should definitely set their sights on Sunway Prima which comes with an individual title. Strategically located along Jalan Sultan Azlan Shah, these 3-storey shop offices enjoy easy accessibility. Your business will be centrally located to the Free Industrial Zone; Bayan Baru township; Penang Bridge; Penang International Airport as well as the upcoming Penang Second Bridge. If you purchase a unit now, you will enjoy a RM50,000 rebate.  

Sunway Prima enjoys excellent frontage visibility as all parking bays are located behind which ensures that shop offices have an unobstructed view. With a total built-up of 4,506 sq ft and extra corridor space on the ground floor, you will have complete flexibility on how you wish to design your business space. The Certificate of Fitness is also expected to be ready this coming June. The estimated gross development value is RM39.9 million for Sunway Prima and pricing of the units starts from RM1.9 million onwards.  

In Bayan Lepas, the Group has developed Sunway Tunas Jaya which comprise 2-storey terrace homes in Batu Maung; Sunway Tunas which comprise 2-storey terrace homes in Bayan Baru and Sunway Mutiara which comprise of 2-storey terrace and 2-storey semi-detached homes.  

For more information, please contact our sales office at 1. Persiaran Mahsuri, 1/3, Sunway Tunas, Bayan Lepas, Penang or call 04-643 9898. We will certainly be more than willing to share the positive benefits of owning any of these exclusive developments with you. 

About Sunway City Berhad

Sunway City Berhad (Sunway City), a member of the Sunway Group, is one of Malaysia’s premier property developers. The company’s business activities are diversified through its Property Development and Property Investment Divisions.

Since Sunway City’s incorporation in 1982, its Property Development Division has successfully delivered 20,000 properties with a Gross Development Value (GDV) of RM10.0 billion, establishing its leadership in innovative products that appreciate in value and exemplary customer service. The Company stands out with its successful business model and support base of strategically located land banks at multiple locations with immediate development potential. As at 1 Feb 2010, Sunway City has a land bank of approximately 1,500 acre with an estimated GDV of RM 13 billion.

Sunway City’s Property Investment Division owns assets that include Sunway Pyramid Shopping Mall, Sunway Carnival Shopping Mall, Menara Sunway, Monash University Sunway Campus, Sunway University College and Sunway Tower (previously Wisma Denmark). In total, the company manages a total of 5 million net-lettable-areas (NLA) in its property investment portfolios.

The multi-award winning Sunway City Brand has been recognised by both local and overseas association and positions the Company as having the best of both worlds – a high growth property development segment and a stable base of income from high yielding property investments. Its flagship development is the internationally acclaimed Sunway Integrated Resort City.

For more information, kindly visit: http://www.sunwaycity.com