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Sunshine Residence

Ayer Itam, Farlim/ 22 September 2017 Leave a comment /中文版

sunshine-central

Sunshine Residence, a 39-storey serviced residence by Suiwah Group at Bandar Baru Air Itam. It is part of the Sunshine Central mixed development on the old Sunshine Farlim site, next to Farlim Square shop offices. Featuring 9 levels of commercial floors with car parking podium, office, hotel and residential towers.

The residential component comprises 270 units of serviced apartments, with an indicative price ranges from RM800,000 onwards.

Property Project : Sunshine Residence
Location : Bandar Baru Ayer Itam (Farlim), Penang
Land Tenure: Leasehold
Property Type : Serviced apartment
Built-up Size: 1,300 sq.ft. & 1,900 sq.ft.
No. of Storey : 39-storey
Total Units: 270
Indicative Price: RM800,000 onwards
Last Updated: Jan 2020
Expected Completion: 2021
Developer : Crimson Omega Sdn. Bhd. (Suiwah Berhad)

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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement, unless stated otherwise. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

 

 

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  1. Tee
    September 22nd, 2017 at 20:11 | #1

    900k onwards! Leasehold summore

    The sky high price can fight with Eco Terrace Liao…

    Super condo price … good luck

  2. Anton Bond
    September 22nd, 2017 at 20:59 | #2

    ya… good luck.

  3. Jeff
    September 23rd, 2017 at 10:06 | #3

    Flood prone area some more !

  4. SiewLaiLai
    September 23rd, 2017 at 11:21 | #4

    Leasehold property priced at rm985k onwards? My goodness!!!……

  5. Lam Pah Chi
    September 23rd, 2017 at 12:55 | #5

    Setting record in ayer itam area…

  6. Alex
    September 23rd, 2017 at 14:33 | #6

    I stay at rm500k property yet I can go shop at Gurney and Paragon everyday as of I stay at RM2mil condo there and contribute the traffic jam at that area. so no different to stay here n there but I saved RM1.5mil cost for better lifestyle rather b a slave to developer or bank.

  7. Water fish
    September 23rd, 2017 at 16:18 | #7

    Units must be at least close to 2000sf or more for this sort of pricing. Really super fantastic high for this area.
    Let’s see how many water fish will surface here.

  8. Anton Bond
    September 23rd, 2017 at 21:51 | #8

    yi lang siao liao lo….

  9. Siao lang
    September 24th, 2017 at 17:32 | #9

    Got seaview, river view, hill view, kek lok si view mai siao siao

  10. DC
    December 8th, 2017 at 15:05 | #10

    Lolololol, 300k can consider lo. 1M jiak jio lo.

  11. Mil Tan
    August 18th, 2018 at 16:39 | #11

    Walao eh!

  12. KC
    August 18th, 2018 at 20:15 | #12

    Siao Liao

  13. Ch’ng Lee Chia
    November 2nd, 2018 at 09:12 | #13

    Ist the new project with medical center, hotel etc?

  14. fc
    November 2nd, 2018 at 16:31 | #14

    kong kham

  15. busy buyer
    January 27th, 2019 at 15:49 | #15

    whats wrong with the developer now

  16. mmei
    April 16th, 2019 at 13:19 | #16

    wow… 1 million condo build in ghetto area

    • Fmeimei
      July 17th, 2019 at 15:45 | #17

      It is very insulting to the residences there for u to call that place ghetto. Please tame you arrogance.

  17. mastergousau
    July 17th, 2019 at 12:16 | #18

    As of July 2019,

    the pricing is as follows:

    (1) 1973 sq ft = RM 1.1 million
    (2) 1522 sq ft = RM 830k
    (3) 1342 sq ft = RM 730k

    Cons = definitely gonna be super jam when it’s completed
    Pros = it is a fully mixed integrated development(Shopping Mall + Serviced Apartment + Office Tower + Hotel), an unprecedented feat within Penang(Malaysia)

  18. Ultimata X
    August 31st, 2019 at 09:32 | #19

    Hi, may I know where is the property office? Is there a showroom for the condo to visit?

  19. Lim
    August 30th, 2020 at 21:19 | #20

    Wakeup suiwah. Mang siao liao hahahaha

  20. SS
    August 31st, 2020 at 23:44 | #21

    Lim :
    Wakeup suiwah. Mang siao liao hahahaha

    Hi Lim,

    This project are meant for rich and famous, is fully sold out. If you interested for affordable units, we can help to register your name for waiting list.

    Thank you.

  21. KT
    September 1st, 2020 at 18:39 | #22

    @SS
    yes, cheap people be silent

  22. Bk
    September 3rd, 2020 at 13:06 | #23

    Haha.. Juz bought a landed freehold DS below 1m in nearby with land size 1800sqft..Good luck to this project =. =

  23. Peng
    October 8th, 2021 at 20:42 | #24

    No chance for this price at this location.
    Only pro for this project is commercial title.
    Good luck for those buyers.
    Definitely will depreciate in future.
    800k better top up & buy landed or go for better location or new seaview condo.

  24. SR Chapalang
    March 29th, 2022 at 19:17 | #25

    This is a great addition to farlim/paya terubung or air itam area.
    At least they have a proper shopping mall for organic crowd area rather than just an all season park. Well done.

    However residence development under commercial title & with 3 years contract offered to those buyers are a major concern.

    1st. Leasehold project. And commercial title. So, this is more on homestay rather than pure residential.

    2nd. 800k above for smaller unit then how about subsale buyer later? 1Million & above? Is that make sense in this area? Understood maybe very luxury. But is this a premium location to attract great or high profile to come in this area?

    3rd. A mix development commercial area seen like a good deal for investment. But in another angle it may also a minus point. Which of the mix development in Penang have you all seen is a major success? All season park? Or Gurney paragon? If success then how long will it sustain? Who is the management?

    4th. Sushine residence seen like a very luxury condo. But how many actually bought for own stay and is a commercial title so homestay allow? How about after 3 years contract rental expired? Will you still able to rent in such a high price? Market will justify everything later.

    5th. Rich & high profile people to buy this project? How many of them actually interested in this area? Other than home stay, i don’t see any potential in this project. Those facing unit to kek lok si or city view may get a credit for home stay. But how long it will sustain or local appreciation? Nobody know as this project higher price than landed. Great selling & happy investment.

  25. andyyy
    March 30th, 2022 at 09:39 | #26

    “800k above for smaller unit then how about subsale buyer later? 1Million & above? Is that make sense in this area? Understood maybe very luxury. But is this a premium location to attract great or high profile to come in this area?”

    800k pricing in this location just won’t work. See the fate for Eco Terraces. Now do you know why Sunway Valley (suppose to be a even better mix development project) after so long time still haven’t start moving? Because it just wont make sense for investment stand point at these pricing. Period.

  26. chikheng
    March 30th, 2022 at 10:23 | #27

    Haha…ya la…definitely not worth the price, most people who are genuine owner occupiers who can afford that price would have preferred a better neighborhood. But I think this project was planned back in 2015/16 during which there were still some gullible buyers who were too naive and too anxious to “catch the boat they missed”, so this developer was trying to capture that market.

    Having said that, given the low volume of 270 residential units only, compared to the 9 stories of commercial space + hotel + office, it does appear that the focus is on the commercial component since the residential portion is just a small part of the overall development. Furthermore, at RM800k for 1300sf (works out to be ~RM600psf), that’s almost the best a developer can do, cost-wise.

    In conclusion, for the developer, this should turn out ok as the commercial component should be able to pull in money. While for residential buyers who are investing, this is bad investment as there is not much upside potential.

  27. Cun
    March 30th, 2022 at 13:21 | #28

    This is one of the worst investment project in Penang.
    Money all suck by developer& went down to drain. Ecoworld also run away..

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