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Cheras, an integral part of the Klang Valley, needs little introduction among its residents. Renowned for its diverse lifestyle options, shopping experiences, culinary delights, and real estate offerings, Cheras has consistently been a preferred destination for property buyers in Kuala Lumpur, thanks to its strategic location and excellent connectivity.

Geographically spanning across both the Federal Territories of Kuala Lumpur and Selangor, Cheras extends from the city center all the way to Kajang. The delineation of Cheras occurred in February 1974 under the Federal Territory of Kuala Lumpur Agreement. Areas under Selangor’s jurisdiction fall within the Hulu Langat district and the Kajang Municipal Council.

Among the most prominent locales within Cheras is Maluri, situated closest to Kuala Lumpur’s central business district (CBD). Here stands Sunway Velocity, a sprawling 23-acre mixed-use development along Jalan Peel. This ambitious RM4 billion project encompasses residential, commercial, healthcare, educational, and retail components, complemented by expansive public spaces.

At the heart of Sunway Velocity lies its impressive offerings, including the Sunway Velocity Mall, the upscale Sunway Velocity Hotel, Sunway Medical Centre Velocity, corporate offices, signature retail outlets, and a range of residential developments. Its integrated nature has made it a coveted address for discerning property investors.

The robust demand in the area has spurred the development of several high-rise residential projects, all receiving overwhelming responses from the market. The recent launch of Sunway Velocity 3 underscores the enduring appeal of the locality, ensuring continued high demand among property seekers.

Phase one of Sunway Velocity 3 spans across 3.43 acres and features two blocks of serviced residences, boasting an estimated gross development value of RM1.28 billion. Seamlessly integrated with the mall, these residences enhance convenience and lifestyle for their occupants.

Here are five noteworthy residential options near Sunway Velocity:

  1. V Residence 2 @ Sunway Velocity
    • Price: From RM570,000
    • Built-up: From 850 sq ft
    • Tenure: Freehold
    • Bedrooms: 2-2+1
    • Bathrooms: 2
  1. Lavile Kuala Lumpur
    • Price: From RM1,001,300
    • Built-up: From 860 sq ft
    • Tenure: Leasehold
    • Bedrooms: 2-3
    • Bathrooms: 2
  1. M Vertica
    • Price: From RM478,800
    • Built-up: From 850 sq ft
    • Tenure: Leasehold
    • Bedrooms: 3-4
    • Bathrooms: 2
  1. Sunway Velocity Two
    • Price: From RM640,000
    • Built-up: From 635 sq ft
    • Tenure: Leasehold
    • Bedrooms: 2
    • Bathrooms: 1

  1. One Cochrane Residences
    • Price: From RM900,000
    • Built-up: From 947 sq ft
    • Tenure: Freehold
    • Bedrooms: 2
    • Bathrooms: 2

Amenities and Facilities: Cheras offers an abundance of amenities, including renowned shopping destinations such as Sunway Velocity Mall, Aeon Maluri, IKEA Cheras, MyTown Shopping Centre, Berjaya Times Square, and Pavilion KL. For healthcare needs, residents have access to Sunway Medical Centre, Sunway Velocity Medical Centre, Prince Court Medical Centre, Pantai Hospital Ampang, Ampang Hospital, and Universiti Kebangsaan Malaysia Hospital.

The area is also well-equipped with educational institutions catering to families, such as Sunway College @ Velocity, SMK Convent Jalan Peel, SK Yaacob Latif, SJK (T) Cheras, SMK Cochrane, St Gabriel High School, SK Taman Maluri, TMC College, Cybernetics International College Of Technology, Ypc International College, and Institut Kemahiran Baitulmal.

Accessibility and Connectivity: One of Cheras’s key attractions is its excellent connectivity, particularly facilitated by its proximity to multiple MRT and LRT stations, namely Maluri, Cochrane, and Chan Sow Lin stations. The area is easily accessible via major roads and highways such as Jalan Cheras, Jalan Cochrane, Jalan Sungai Besi, Jalan Tun Razak, SMART Highway, New Pantai Expressway, and KL-Seremban Expressway.

Trends and Prospects: Cheras has witnessed a notable uptrend in property prices, driven by ongoing and upcoming developments, enhanced connectivity via the MRT network, and proximity to Kuala Lumpur’s CBD. The area’s growth potential is underscored by increasing demand and strategic development initiatives.

While Cheras thrives as a vibrant residential and commercial hub, challenges such as congestion remain pertinent, reflecting its popularity and bustling nature.

(Note: The content has been rewritten to provide a fresh perspective while retaining factual information about the area’s real estate landscape.)

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