Sunshine Residence
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.
SITE PROGRESS
900k onwards! Leasehold summore
The sky high price can fight with Eco Terrace Liao…
Super condo price … good luck
ya… good luck.
Flood prone area some more !
Leasehold property priced at rm985k onwards? My goodness!!!……
Setting record in ayer itam area…
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.
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.
yi lang siao liao lo….
Got seaview, river view, hill view, kek lok si view mai siao siao
Lolololol, 300k can consider lo. 1M jiak jio lo.
Walao eh!
Siao Liao
Ist the new project with medical center, hotel etc?
kong kham
whats wrong with the developer now
wow… 1 million condo build in ghetto area
It is very insulting to the residences there for u to call that place ghetto. Please tame you arrogance.
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)
Hi, may I know where is the property office? Is there a showroom for the condo to visit?
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.
@SS
yes, cheap people be silent
Haha.. Juz bought a landed freehold DS below 1m in nearby with land size 1800sqft..Good luck to this project =. =
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.
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.
“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.
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.
This is one of the worst investment project in Penang.
Money all suck by developer& went down to drain. Ecoworld also run away..
Thanks for the successful launch of Sunshine central.
It looks like sunshine residence soon will hit over 1M price tag as location is prime superb with all amenities in walking distance.
@Cun
Great investment. Soon it will hit over 1M price tag as successful launch of Sunshine central which is better mall than Queensbay & Gurney plaza. Residence is enjoying nearby amenities within walking distance.
this will become another pacific megamall
@kokoabc
It’s easily for mall to sustain or expand with all the international well branded shop occupied & high density population in this area. In fact, it’s a well build township after traffic upgraded & mall added. Property will boost with major commercial activities in place.
The next Kompleks Bukit Jambul and 1-stop Midlands Park Centre
@Captain Light
Probably you’re right & it could happen after 30 years.