V Residence 2 @ Sunway Velocity is the second exclusive property development in Sunway Velocity, Cheras. Dubbed the “City of Endless Possibilities”, Sunway Velocity is an integrated development that will be home to serviced residences, a hotel, shopping mall and even a hospital.
V Residence 2 @ Sunway Velocity is only one of the residential developments, and was very popular in the market with the units selling out shortly after its launch. V Residence 2 @ Sunway Velocity offers a very low density of living to its residents, with a total of only 334 units in one block.
The sizes of the units at V Residence 2 @ Sunway Velocity varies, but not by much. They are sized between 850 sf and 1,130 sf, with two bedrooms each. And every unit at V Residence 2 @ Sunway Velocity comes with only one parking lot, regardless of its size.
These homes are however considered to be rather overpriced with a minimum selling price of RM967,000. This places these homes at approximately RM1,100 psf, which is considerably more expensive than the existing properties in the neighbourhood of V Residence 2 @ Sunway Velocity.
The homes at V Residence 2 @ Sunway Velocity are however quite desirable with its unique designs. The neighbourhood of V Residence 2 @ Sunway Velocity itself is beautifully designed to present to residents an exquisite view from their homes. Every unit will offer a panoramic view of KLCC as well as an unobstructed view of the swimming pool and a two-acre park.
Residents will also be given the convenience of a range of high-quality facilities which will include a sky kitchen and astronomy observation deck. Sports enthusiasts will adore living here as well with the mini rock climbing area, e-gym and wellness pavilion.
Accessibility to public transportation is one of the key selling points of V Residence 2 @ Sunway Velocity. There will be not one, but two underground MRT stations within walking distance of the development, one at either end of Sunway Velocity. These stations will connect seamlessly to the Kuala Lumpur city centre. Accessibility to highways are also a gem with the Middle Ring Road 2 (MRR2) a short ride out.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| V Residence 2 @ Sunway Velocity | May 2018 |
RM450,000
-
RM1,399,999
RM 409 psf - RM 1,745 psf |
RM2,200 - RM2,200 | NIL | 5.97 % |
| Sunway Velocity | 2017 |
RM300,000
-
RM1,550,000
RM 306 psf - RM 1,199 psf |
RM1,100 - RM1,100 | NIL | 2.98 % |
| Amaya Maluri | Dec 2013 |
RM342,000
-
RM1,012,000
RM 415 psf - RM 737 psf |
RM1,500 - RM1,500 | NIL | 3.63 % |
| Wisma IAV | 2013 | From RM130,000,000 | From RM6,000 | NIL | NIL |
| Fraser Business Park | 2010 |
RM450,000
-
RM550,000
RM 647 psf - RM 707 psf |
RM490 - RM490 | NIL | 2.75 % |
| Warisan Cityview | July 2005 |
RM230,000
-
RM512,800
RM 298 psf - RM 537 psf |
RM1,100 - RM1,100 | NIL | 4.99 % |
| Queen's Avenue | 2005 | RM200,000 - RM500,000 | RM750 - RM1,200 | NIL | 3.06 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | RM 955 psf |
| 500 - 1,000 SQ. FT | RM 700 psf | - | RM 745 psf |
| 1,000 - 1,500 SQ. FT | RM 427 psf | - | RM 402 psf |
| 1,500 - 2,500 SQ. FT | RM 602 psf | - | RM 1,861,866 psf |
| 2,500 - 4,000 SQ. FT | - | RM 1,810,000 psf | - |
| 4,000 SQ. FT and above | - | RM 1,430,000 psf | - |
Note:
| Down Payment (10%) | RM 96,700 |
| Loan Amount ( 90 %) | RM 870,300 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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