Mont' Kiara Aria by Sunrise Bhd

[rizalhakim]

What are some of the interesting property launches that can be expected from your company in the coming months?

The first quarter of 2008 will see the official launch of 11 Mont’Kiara, which has already chalked up sales of 70% from the soft launch.

Valued at RM800mil, 11 Mont’Kiara is Sunrise’s latest six-star luxurious condominium, with lavish units ranging from 2,000 to 7,000 sq ft.

Also to be launched within the first half of 2008 is the five-star MK 28 condominium next to MK Banyan. Its two towers of over 400 units in total boast private lift lobbies and other luxuries, at an indicative average price from RM650 per sq ft.

Upcoming projects by Sunrise include, a mixed development project comprising of offices, retail outlets and service residences.

Sited at a premium, upmarket location, this new development is set amidst lush green landscape and water features.

The complex sprawls over 17 acres with two acres of open park, fine dining facilities, 24-hour food court, health & fitness centres, gallery, auditorium and convention facilities.

The state-of-the-art cooling system creates a comfortable temperate climate for alfresco dining and other outdoor activities.

Meanwhile, there is a further niche six-acre mixed commercial development consisting of two blocks of 33 and 18 storeys of offices and service apartments, respectively, to meet the high demand for commercial properties.

Complementing these two tower blocks will be retail space offering a full range of services from shopping and entertainment to food and beverage outlets and recreational pursuits.

[rizalhakim]

[rizalhakim]

[rizalhakim]

Sunrise has over RM2b in unbilled sales
by Sharon Kam
Email us your feedback at fd@bizedge.com


KUALA LUMPUR: Sunrise Bhd, which celebrated its 40th anniversary last Saturday, has recorded over RM2 billion in unbilled sales to date, the highest among all property companies in Malaysia. And the developer known for its high-end condominium developments in the expatriate enclave of Mont’Kiara has more launches lined up in the second half of 2008 (2H08).

Following the success of the RM800 million luxury condominium 11@Mont’Kiara or MK11, which is 70% taken up since it was soft-launched last year from RM726 psf, Sunrise is expected to launch 28@Mont’Kiara or MK28 in October at an indicative price range of RM760 psf to RM850 psf.

MK28, which is sited next to Mont’ Kiara Banyan, will comprise over 400 units with sizes ranging from 2,275 sq ft to 2,756 sq ft. It boasts a one-hectare landscaped common recreational area with a larger-than-Olympic-size pool, tennis courts, jogging trails and playground. There will also be a retail centre to house among others, a convenience store, a deli, a bakery and a laundry.

Recent previews in Beijing and Hongkong have already seen more than 400 register their interest.

To be launched before MK28, however, is Phase 2 of The Residence@Mont’Kiara where Sunrise is offering 19 exclusive bungalows for sale. The build-then-sell bungalows at the gated and guarded development is going for a record RM1,000 psf contributing to a gross development value (GDV) of RM126 million.

“The bungalows with built-up sizes of between 6,500 sq ft and 9,500 sq ft are already completed and we are working on the hardscape and softscape now. We will probably be launching in a month’s time,” said Sunrise executive director and chief operating officer Lum Tuck Ming.

Located over 4.96ha of freehold undulating land, The Residence is located next to Sunrise’s Mont’Kiara Damai and Mont’Kiara Aman condominiums. Sunrise had previously sold 24 bungalow plots in Phase One of The Residence.

On the heels of MK28 may be the launch of a two-tower office building in KL city centre on a 0.72ha site of what is currently known as Lot 121, said Lum.

The developer does not rule out the possibility that the office development may also be sold en bloc similar to the recent en bloc sale arrangement of MK20, a mixed commercial development on a 2.43ha land on Jalan Kiara, two doors away from Plaza Mont‘Kiara and next to YNH Property’s upcoming development.

Sunrise locked in sales of MK20 in a recent conditional put and call option agreement with Singapore-based Malaysia Commercial Development Fund Pte Ltd (MCDF) to sell the properties on the land to MCDF. The RM767 million project comprises office space (GDV RM311 million), serviced apartments (GDV RM156 million), retail space (GDV RM266 million) and car parks (RM34 million).

Under the agreement, MCDF will pay a cash deposit of RM36.87 million to Sunrise in consideration for the right to buy the project at an estimated offer price of RM767 million during the option period that ends in December 2012 or at a later mutually agreed date.

Under the put option, Sunrise has the right to sell the project to MCDF upon completion expected to be end of 2012. Sunrise also has the option to sell the serviced apartments during the construction period while MCDF would purchase the remaining unsold ones as well as the commercial space which Sunrise will undertake the leasing for three years. With this, Sunrise now has more than RM2 billion in unbilled sales, said Lum.

Sunrise celebrated its 40th anniversary last Saturday evening with a street carnival at Solaris Mont’Kiara, its recently completed 5.08ha commercial development. Several thousand guests comprising Sunrise residents, purchasers, business associates and staff were treated to live performances, fireworks and a buffet spread. Also present at the event was Sunrise executive chairman Tong Kooi Ong and executive deputy chairman Datuk Allan Lim.

Federal Territories Minister Datuk Zulhasnan Rafique officiated the event.

In his speech, Tong said Sunrise believes sustainable development will be the way forward and will focus on greening its projects and enhancing convenience and value through even better amenities. He also announced a RM200 per month cost of living allowance for each Sunrise staff from next month considering the rising cost of living.

Sunrise has been ranked among the Top 10 of The Edge Malaysia Top Property Developers Awards since 2003.

[rizalhakim]

image hosted on flickr


found this from a korean website....
2 blocks 40 storey
462 units
2203 to 2672psf
2011 target of completion..

[rizalhakim]

found another one but not too sure about this!!....maybe patchy or greg can confirm!!!

[rizalhakim]

Originally Posted by perfecto

huge huh!!!

[cyclo7]

Originally Posted by rizalhakim

huge huh!!!

This project is selling few units in korea now. strong currency is the problem.

[rizalhakim]

[rizalhakim]

image hosted on flickr


Location : Mont' Kiara
Tenure : Freehold Residential
Total units : 462 units
Price : From RM760/sf
Built ups: 2275sf - 2756sf
Developer : Sunrise Bhd.
Expected launch : Mid 2008

This is another project by the very reputable Sunrise Berhad. Due for launch in mid 2008, we can expect average prices to hover around RM800 persf at least for the mid floors onwards. Location is good at the intersection of Jalan Kiara and Jalan Kiara 2, but this is provided you do not take units facing Jalan Kiara 3 / the Segambut Dalam side. The rural housing area at Segambut Dalam does not present a pleasant view to say the least. Other than that, you can expect good quality of finishes from Sunrise yet again. Appreciation as expected will be about 30% from the initial launch price, this is a norm for Sunrise products.

[rizalhakim]

Originally Posted by jesale

You wish la, MK28 will be launched from RM950 persf onwards. Sunrise told me this.

rm950??? wow

[davidwsk]

I think it is true RM 950 psf.

Better grab any unit around that location asap before the value goes up. At the moment it's around RM 550 - RM 750 psf. In year 2009, like it or not, it would be RM 750 to RM 950 psf.

[rizalhakim]

i heard dis project not doing so well in korea.....dont know y....dis project really nice...

[davidwsk]

Construction Started.


image hosted on flickr

[rizalhakim]

from http://investorsanonymous.blogspot.com

image hosted on flickr

[rizalhakim]

image hosted on flickr

[rizalhakim]

image hosted on flickr

[rizalhakim]

Originally Posted by nazrey

Sunrise’s unbilled property sales reach RM1.36b
29-10-2008: by Chong Jin Hun

In Malaysia, Sunrise is planning to launch the “28 @ Mont’Kiara” (MK28) on some 2ha of freehold land within the Mont’Kiara enclave, and two office towers on a 0.8ha leasehold site behind Renaissance Hotel in Jalan Ampang here.

Assuming MK28 is sold for RM800 per sq ft (psf), the project with 1.1 million sq ft of saleable space will command a gross development value (GDV) of RM880 million.

The two commercial buildings, meanwhile, are expected to have a collective saleable area of at least 700,000 sq ft. At RM800 psf, both buildings will have a GDV of RM560 million, according to Lim.

so rm800psf n not rm950??

[rizalhakim]

i heard this project on hold....business not doing so well i guess!!

[davidwsk]

The construction at the site...is rushing day n nite....

Kiara 163 Service Residence next to Plaza Mont Kiara is going to launch soon.