The Resident Ampang South

The Resident Ampang South

OCR Land Holdings who has been around since 1989, which means they have gotten the best of locations. They focus mainly on prime land with areas like Klang Valley, namely Damansara Jaya, Old Klang road, Jalan Ipoh and Jalan Kuching. Secondly, you will find that the homes and units sold are boutique sized with an emphasis on design and an eye for detail.

The Resident @ Ampang South is in a matured area, a few minutes away from KLCC. The accessibility of the project and its convenient amenities enhance the product features and solidify their presence in Ampang’s property market. Adjacent to the Kuala Lumpur Middle Ring Road 2 (MRR2), The Resident@Ampang South is at strategic location that commands a scenic view of the Kuala Lumpur skyline as well as Ampang Forest Reserve. An exclusive residence, for the classy KL-ite. it is basically a Semi-D in the air readily awaiting home-owners and investors alike. To prove the exclusivity of these units, you will find that there are no other similar developments within the vicinity. The sizes range from 1,171 sq ft to 1,271 sq ft, and there are only 180 units on 2.18 acres of land.

You basically get the best of both worlds from this low density development with 6 or 8 units per floor, from what used to be a hostel. The refurbishment of this development took about a year to complete. For a 3-bedroom 2-bath home like this, the size you get is a bargain from other developments. 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 CLRT’) 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.

The Resident Ampang South 1

ANALYSIS REPORT

Location / Area: Taman Muda, Cheras Property type: Condominiums Concept: Contemporary Total units: 180 units Land title: Strata

Built-up Size: 1,171 sq. ft. & 1,270 sq. ft.

Tenure: Leasehold

GDV: RM128 million

Acres of Development: 2.18

Est. date of completion: November 2015

AREA ANALYSIS

  • Prices of single storey residential property in Ampang averaged at RM380.000 – RM490.000 in 2014 and RM400.000 – RM500.000 in 2015 with a stable average price change
  • Double storey terraces in the area used to range from RM600.000 – RM890.000 in 2014, and RM650.000 – RM835.000 in 2015 with a price change of 4.4%
  • Two other apartments/condominiums in the area had a price change of 11.3%, 12.3% and 9.3% with another two only having a price change of 3.9% – 5.5%
  • Only one high end condominium dipped in price change, with -2.8% priced at an average of RM1.4 -1.5 million in 2015

INSTITUTIONS

Primary & Secondary Education (current & planned)

  • SK Taman Muda
  • SK Cheras Indah
  • SK Kg Cheras Baharu
  • SK (2) Kuala Lumpur
  • Sekolah Rendah Sri Sempurna
  • Sk Pandan Jaya
  • SMK Pandan Jaya
  • Sri Garden School
  • Taylor’s International School
  • SMK Seri Bintang Selatan

Tertiary Education (current and/or planned)

  • Kolej Teknologi YPC-ITWEB
  • Kolej Poly-Tech MARA
  • UCSI University Kuala Lumpur

RETAIL, ENTERTAINMENT & LEISURE

  • Surrounded by hypermarket and commercial centres
  • TESCO Ampang, AEON BIG Ampang, Fiesta Mall-AEON BIG, Mid point – The Store

CONNECTIVITY

  • 3 km to MRT station (Taman Cempaka & Pandan Indah station)
  • 2 km to national school
  • 5 km to KLCC
  • Access via MRR 2 & Jalan Cheras

UNIQUE SELLING PROPOSITIONS

  • Gated & guarded
  • Low density
  • KLCC view
  • Mature township with full community facilities
  • Hospital, police station, fire station, Pandan Indah garden 6 Tiers Security
  • 24 hour security guards
  • Card access at guard house
  • Card access in lift lobby
  • Card access in the lift
  • 24 hours CCTV surveillance
  • Perimeter fencing

DEMOGRAPHICS (TARGET MARKET)

  • Investors who see long term potential
  • Family

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