FOR IMMEDIATE RELEASE
OCR Noble Land announces the completion of The Resident @ Ampang South
To date, the Company achieves a sales of 85% despite a softer property market
KUALA LUMPUR, 3 DECEMBER 2015 – Property Developer, OCR Noble Land (The Resident) Sdn Bhd (“OCR Noble Land” or the “Company”), is pleased to announce that the Company has completed its RM125 million gross development value (“GDV”) mid-rise residential development – The Resident @ Ampang South (“Development”) located in Ampang Kuala Lumpur.
Despite the challenging environment in the property sector, the Company has achieved a take up rate of 85% for the low density development that has a total of 180 units across 3 towers. The 3 towers sit on a 2.18-acre land, in which Tower A and Tower B houses only 6 units per level while Tower C will have 8 units per level. This offers a refreshing break from the high density development commonly found close to the city center.
OCR Noble Land said: “The accessibility of the said development and its convenient amenities enhance the product features and solidify our presence in Ampang’s property market. Adjacent to the Kuala Lumpur Middle Ring Road 2 (“MRR2”), The Resident @ Ampang South is at a strategic location that commands a scenic view of the Kuala Lumpur skyline as well as Ampang Forest Reserve.”
The Company pointed out that Ampang is the closest area to the vibrant Kuala Lumpur City Center (“KLCC”) and property prices in the KL city have been on the upside in recent years. This area is expected to be the preferred place for city living due to land scarcity in the KLCC area. It also offers a more affordable pricing range as compared to KLCC.
“The market is a bit soft at the moment due to various concerns in the financial market. Purchases are getting more and more cautious now when it comes to property buying. However, we still believe that having the right product at the right location will be the winning strategy,” it said.
The Resident @ Ampang South offers 4 unique elements – Rejuvenate the senses, a low density living, KLCC view which include the rustling leaves and rippling water sounds from the thoughtfully designed landscape; Reveal in privacy, a 6-tier security system to look after the residents; Reach out, easy connectivity to transport infrastructure such as light rapid transit (“LRT”) stations and main roads including MRR2, AKLEH Highway, Jalan Cheras, Jalan Loke Yew and Jalan Ampang; Relive the moments, the convenience of everyday amenities within the mature community.
For the facilities, it includes covered children playground, swimming pool, wading pool, outdoor jacuzzi, sunken lounge, gym room, dance/yoga room, female and male sauna, games room, meeting rooms, laundry room and convenient room/store.
Press Release- OCR Noble Land announces the completion of Re:sident @ Ampang South
Details of The Resident @ Ampang South
|Taman Muda, Kuala Lumpur
|1,171 – 1,270sf
|No. of Blocks
|No. of Units
Issued by: Sense Consultancy on behalf of OCR Noble Land (The Resident) Sdn Bhd
Date: 3 December 2015
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