BY Pavither Sidhu
Living in the heart of any major city in the world is considered a luxury enjoyed only by those who can buy bags imprinted with certain emblems without feeling any pinch. Likewise in Malaysia, a residence within the Kuala Lumpur City Centre is a privilege that comes with a daunting price tag.
Once in a while though, those premium handbags can be found at prices that won’t burn a hole in our pockets. In similar fashion, Land & General Bhd is offering residential units in the bustling central business district off Jalan Ampang at an entry price below the RM600,000 mark.
Dubbed Astoria Ampang, the RM900 million development will comprise four 46-storey serviced residence towers, each housing 253 units. This leasehold project is tentatively priced at RM950psf, an attractive rate for a property in the city centre where prices can touch RM2,000psf.
In catering to different needs, units here come in five layout designs measuring 560sq ft, 735sq ft, 888sq ft, 1,050sq ft and 1,505sq ft. The smallest unit comes with one bedroom while the largest one comes as a dual-key unit that has four bedrooms.
Open for sale now is Block A with north and south orientation where units facing north will boast views of the swimming pool while those facing south will enjoy views of the city. There will be seven units per floor served by four lifts.
Each unit also comes equipped with kitchen cabinets comprising hood, hob, oven, air-conditioning and heater in the master bedroom/bathroom.
In addition, the developer is providing ample parking with approximately 2,400 bays. Smaller units are entitled to one bay each while units of 1,000sq ft and above are entitled to two bays per unit.
Land & General is expecting Astoria Ampang to attract buyers who seek a lavish lifestyle surrounded by modern conveniences or investors hunting for high rental yields or capital gains.
With recreational living in mind, the developer has allocated generous space for parks and facilities which includes a playground with a water stream, waterfall, park, jogging track, cycling track and hammock garden, to name a few. In the 5.7-acre park, the playground itself will take up about three to four acres on the development’s level 6 podium.
The developer aims to create a healthy living-centric project where residents can utilise the facilities amidst a natural ambience. It includes water features such as a cascading pond, meandering stream, pool pavilion, swimming and wading pools and Jacuzzi, along with an amphitheatre, yoga deck, tai chi deck, tennis court, AV room, games lounge and barbecue area.
For residents’ social gatherings, an eco and water lounge as well as a kitchen area allows them to organise private functions within the development.
Additionally, there will be an elevated walkway with a viewing deck offering a panoramic view of the city skyline.The project will incorporate a gated-and-guarded system that comprises a comprehensive three-tier security system.
Despite the considerable amount of recreational facilities, the monthly maintenance fee is kept between RM0.35psf to RM0.40psf.
The development is strategically located off Jalan Ampang, thus giving it excellent accessibility via a network of roads and highways such as Jalan Jelatek, Middle Ring Road 2 (MRR2), Jalan Tun Razak, the Ampang-Kuala Lumpur Elevated Highway (AKLEH), Duta-Ulu Kelang Expressway (DUKE) and SMART Highway.
Additionally, it is close to several LRT stops such as the Jelatek, Dato’ Keramat and Damai stations while the proposed Ampang Point MRT Station is merely a stone’s throw away.
It will be surrounded by a galore of popular shopping havens which includes Great Eastern Mall, Ampwalk, Ampang Park Shopping Complex, Suria KLCC, Pavilion, Lot 10, Avenue K and many more.
There are also renowned amenities located within a 10 minute’ driving distance such as hotels, medical centres (Gleneagles Medical Centre, Ampang Puteri Specialist Hospital, HSC Medical Centre) and schools (Sayfol International School, Grammar International School KL, International School of Kuala Lumpur, SJK Chung Hwa).
The development is expected to be completed in 2019.