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Sunsuria’s below RM400,000 project in Salak Tinggi

I personally think for any developer in Malaysia to say they are quite established, they should at least hit sales of RM 1 billion or higher per year. If they are able to hit this, it meant that their overall GDV per year is even higher. Instead of the usual top brands we see on TV, another developer said that it will be hitting RM 1 billion of sales per year moving forward. Sunsuria’s executive director, Koong Wai Seng said that for FY2016, it expects the company to record sales of up to RM900 million.
Major reason why it would achieve this is because of its new township development around the Xiamen University Malaysia campus in Salak Tinggi, Sepang measuring 331.27 acres. It has a total gross development value of RM6.4 billion and the first phase alone is already RM900 million featuring 663 units of low-rise apartments priced below RM400,000 each. A search using google map showed that Salak Tinggi is 47km away from KLCC and around 17km away from Cyberjaya. Pretty suitable and affordable if one is working in Cyberjaya but could not find the option in Cyberjaya for RM400,000.
Oh yeah, Xiamen University is ranked 441 in the world by QS Top Universities (2015). This is a pretty respectable ranking and is ahead of even University of Western Sydney, The Swinburne University of Technology, University of Southern Queensland, Murdoch University and even Flinders University. In China, it is ranked 11th in China (wiki). I think if one does not want to send their children too far away from home, this is another private university choice out of the many choices today.
There are not much news about this launch apart from the attractive RM400,000 price tag. Will just have to wait and see then. Actually, if the RM400,000 comes with guaranteed rental scheme, I think it will give many Cynerjaya choices a run for their money. Happy reading and perhaps entering Xiamen University Malaysia.
written on 13 June 2015
Next suggested article: The Good Debts, the property and the degree

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Charles Tan The Founder The Writer Kopiandproperty
Charles Tan

Charles is Founder of kopiandproperty.com He writes from his investment experience for the the past 20 years in investments including property, stock, unit trust and more as well as readings and conversations with many property gurus in the industry. kopiandproperty.com is an independent property blog which is not affiliated to any media company, property developer or even real estate agencies.

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0 Responses

    1. Hi Sam, if you are buying for your own stay, I think it’s a good buy. If you are buying for rental, I am not confident Penang has so many ‘high end’ people willing to rent your unit at RM3,500 or higher. As for buying in anticipation of even higher prices in future, your guess is as good as mine.

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