Boost to Sunway book value Sunway Velocity to contribute RM1bil upon completion

PETALING JAYA: Sunway Bhd will see the book value of its investment properties balloon by about RM1bil after the completion of the shopping mall, hotel and office tower at its integrated mixed development Sunway Velocity along Jalan Cheras.

Central region property development division executive director Ong Ghee Bin said the investment cost for phase two, which included a 1.4 million sq ft shopping mall, hotel, office tower and corporate office, was RM1.5bil.