【Property News】Sunway bought Jalan Cochrane near Sunway Velocity

Sunway purchased 6.59 acres of freehold land on Jalan Cochrane, Kuala Lumpur, and plans to develop integrated projects, including serviced apartments and retail units, with a total development value of at least RM1.15 billion. The seller is Mutiara Rini, a subsidiary of BSTEAD, which is building the developer of One Cochrane condominium and sold the land of Jalan Cochrane for RM233.39 million.

BSTEAD stated that the sale of the land can focus on adding value to the ongoing industrial projects. The proceeds from the sale will be used to repay bank loans, working capital and sale expenses, and it is expected to be completed by the end of this year.

It seems that around Sunway Velocity, Sunway will have another construction in the near future, especially the success of Sunway Velocity, which is also very popular among locals. In addition, the TRX Financial Center is also very close, which will certainly attract investors and people who want to live there.

We also selling Sunway Velocity TWO, One Cochrane etc.

Please contact us.