Tuesday, March 7, 2017

Serenia City / Sunsuria City

Serenia City total land size is 2,370 acres. The portion taken up by Sunsuria City is 525 acres.

Previously called Suria Serenia, Sunsuria City started as a JV between Sime Darby and Sunsuria. Sunsuria eventually bought up the JV company.

The core of the township is the 150-acre Xiamen University Malaysia with GDV of RM10 billion.

Earthworks for the university began in 2013. Part of Phase 1, comprising a block of the activity centre and a block of the hostels was completed. When fully completed, Phase 1 will boast a total of 3 million sq ft for 5,000 students. The development of the rest of the tract will depend on future needs. The university will eventually cater for 10,000 to 20,000 students.

The campus saw its first intake of 187 students in February  2016 and its second intake of 300 in April. Together with a third intake in September, Xiamen University Malaysia is expected to have about 1,400 students, of whom 500 will be from China.

Besides the university, the masterplan of Sunsuria City includes a transit-oriented development with a shopping mall, hotel, serviced apartments and a corporate office tower; a component called Provence Village that offers a mainly Korean-French experience; high-rise and landed homes; as well as a mix of commercial properties.

Next to Provence Village will be the 40-acre Kuala Lumpur International Outlet, which will be undertaken by Horizon Outlet Shoppes Sdn Bhd — a JV between Horizon Group Properties and property and construction firm Mainstay Holdings Sdn Bhd.

Sitting on 8.53 acres, Jasper Square offers 86 two and three-storey shopoffices priced from RM1.5 million. Bell Avenue is fully booked and has enjoyed 80% of converted sales. With a GDV of RM170 million, it covers 7.4 acres and comprises 78 retail units with built-ups that start at 2,282 sq ft.

Sunsuria announced a 60:40 joint-venture collaboration with Welcome Global Co Ltd, a wholly-owned subsidiary of Ever Rich Land Co Ltd, to develop an 8.48-acre Korean-themed development in Sunsuria City that will house a boutique hotel, wedding house, serviced apartments, cultural heritage retail shops and a themed garden.