Question 1

Is Sunway Velocity 2 freehold or leasehold?

Accepted Answer

Sunway Velocity 2 is leasehold, with the lease running to March 2117 — about 92 years remaining today. That is comfortable for financing now, but the lease only counts down, so factor it into a long hold or resale.

Question 2

What is the nearest MRT/LRT/KTM station to Sunway Velocity 2 and how far is it?

Accepted Answer

The nearest rail is MRT Cochrane (KG21) on the Kajang line at 395m straight-line — a genuinely walkable link, within a designated MRT transit ring. It anchors one of the more connected addresses in Cheras.

Question 3

How much do units at Sunway Velocity 2 cost and what sizes are available?

Accepted Answer

Prices run from RM621,000 to about RM938,000, with units from 581 to 915 sqft across 1 to 3 bedrooms. These are compact cuts suited to investors and young households rather than large families.

Question 4

How much is the monthly instalment for Sunway Velocity 2?

Accepted Answer

Estimated repayments start from about RM2,576 per month, based on a 90% loan over 35 years at ~4.3%; your actual figure depends on your loan profile, and it sits before the RM0.35 psf maintenance fee noted on the listing.

Question 5

Who is the developer of Sunway Velocity 2 and are they reliable?

Accepted Answer

It is developed by Sunway Property, the property arm of Bursa-listed Sunway Berhad (established 1974) and one of Malaysia's largest master developers of integrated townships. Sunway builds and then operates its ecosystems — malls, medical centres, colleges — as it has next door at Sunway Velocity, so the surrounding amenity is likely actively managed and delivery risk is low. That does not set your resale price, so inspect the finished units and management standard and underwrite the leasehold and density conservatively.

Question 6

Is Sunway Velocity 2 completed or still under construction?

Accepted Answer

Sunway Velocity 2 is a completed building, finished in 2024, so there is no VP wait and you are buying an existing home rather than a plan. Use that: view the actual unit, the corridors and lifts, see how the building has aged and how the management body runs it before you commit.

Question 7

How does the price of Sunway Velocity 2 compare with other projects in the area?

Accepted Answer

From RM621,000 it sits above the RM550,000 median across the 21 Cheras-area projects on this site — an integration premium for the mall, hospital, college and MRT on your doorstep. Be sure your unit type can justify that premium again at resale.

Question 8

Is Sunway Velocity 2 a good buy and who is it best suited to?

Accepted Answer

The genuine edge is integration: 395m straight-line to MRT Cochrane plus an adjoining mall, private hospital and college make this one of the more self-contained addresses in Cheras, suiting a connectivity-focused own-stayer or investor. The cautions: the title is leasehold, and at 1,051 units in a dense TOD pocket both facility crowding and rental competition are real. Check actual area asking rents, not projected ones, before counting on the investment case.

Property type	Condominium (Highrise, Residential)
Unit size	581 - 915 sqft
Bedrooms	1 - 3
Total units	1051
Tenure	2117
Land area	8.5 Acre
Maintenance fee	RM 0.35 per sqft included 10% sinking fund
Developer	SUNWAY PROPERTY
Developer license no.	19512/02-2026/0206(A)
Advertising permit no.	19512-2/02-2022/0176(A)-(S)
Schedule type	Schedule H
Construction period	36 months + 17 months

Sunway Velocity 2 — Taman Maluri, Cheras

Project overview

About Sunway Velocity 2

Sunway Velocity 2, Cheras: A Leasehold Integrated Address by Sunway

Facilities

Nearby rail

Pros

Cons

Official KPKT record

Developer track record