Olive 108 is a mix development that comprises 3 high-end condominium towers, a 5-star service apartment tower and an office tower. It is located along Jalan Ampang at Ampang Hilir, which is also an enclave well-known with Embassy Row. Olive 108 is developed by the Al-Hidayah Group, which is a large group that known for its contributions in Islamic finance, property development, education, information technology and agriculture. Each of the 3 condominium blocks at Olive 108 has 10-storey, 15-storey and 20-storey respectively. Besides, they are attached with 2 floors of podium car parks and 2 levels of basement car parks. On the other hand, the service apartment tower and the office tower both consist of 20-storey respectively, which the office tower will be attached with another 3-storey of retail podiums or communal facilities and 5 levels of basement car parks.The service apartment at Olive 108 houses total of 210 units with 1 or 2 bedroom suites. The offered built-ups are ranging from 730 sf to 1,546 sf and each unit is priced approximately RM735,000. Meanwhile, the condominium units are sized from 1,733 sf to 2,454 sf. Also, there are some penthouse units available at the built-up of 3,000 sf. All are priced averagely at RM890 psf.Olive 108 is situated at a prime location as it is proximity closed to the Kuala Lumpur city center where there are plenty of amenities accessible. It takes merely 5 minutes to reach the city center and there are numbers of shopping centers just within a stone's throw away distance such as Suria KLCC, Ampang Point, Great Eastern Mall, Avenue K, Bukit Bintang shopping district, City Square and so on. Furthermore, some international schools can be found near Olive 108, namely Sayfol International School, Fairview International School, Kuala Lumpur International School and Mutiara International Grammar School for the convenience of families living here especially families from expatriates. There are also business centers, entertainment hubs, medical centers, golf club, a string of foreign embassies and high commissions, local and international restaurants especially Korean restaurants and steak houses can be found around Olive 108 easily. Even though Olive 108 is close to the city center, it is built with green concept with plenty of homely serenity and greens at the surrounding of the enclave. Apart from the amenities, the entire project will be fully equipped with state-of-the-art technology and modern facilities to lead a comfortable and luxurious life style for the residents here. Olive 108 is conveniently located along Jalan Ampang as it can be accessible easily from different directions. It is well-connected with some major roads and highways namely Jalan Ampang, Jalan Tun Razak, Jalan Ampang Hilir, Jalan Jelatek, Ampang-Kuala Lumpur Elevated Highway (AKLEH), Middle Ring Road 2 (MRR 2) and Lebuhraya Smart. There are also some transit stations just few minutes driving away from Olive 108, such as Dato Keramat LRT, Ampang Park LRT, and KLCC LRT for one to travel to the rest of Kuala Lumpur areas and other townships easily.
Property Details
Name: Olive 108 Address: Lot 108, Jalan Ampang, Kuala Lumpur Developer: Al-Hidayah Group Type: Condominium, Service Apartment, Office, Retail Tenure: Leasehold No. of Blocks: 5 Condominium: 3 Service Apartment: 1 Office: 1 No. of Storey Condominium: 10, 15 and 20 Service Apartment: 20 Office: 20 No. of Units: 210 (service apartment) Built-up Condominium: 1,733 - 3,000 sf Service Apartment: 730 - 1,546 sf Launch Price Condominium: RM890 psf Service Apartment: RM1,007 psf (Approximate RM735,000)Facilities
Shopping malls Medical centers International schools Entertainment hubs Transit stations Golf club Business centers Embassies RestaurantsAnalysis
The Kuala Lumpur City Hall (DBKL) is in the efforts of developing Ampang Hilir into the medical hub, as part of its 5-year master plan. Olive 108 is one of the development that being developed to bring glorious to the future medical hub. Once the project is constructed, there will be a bridge built between the office tower and the opposite medical center, Gleneagles Intan Medical Center. This bridge enables residents of Olive 108 to access to the world-class medical facilities directly while living in their lovely homes. Besides, the 3-storey retail podiums in the office tower will be designed as a wellness center to complement the medical suites, which will be located in the office tower. Hence, Olive 108 can be regarded as a place where combination of health and wealth happens. Other than medical hub, Olive 108 is popular as it is located at a much sought-after location where Embassy Row, high class residences, commercial centers even the city center are just proximity closed to it. Therefore, it will be mainly populated by foreign expatriates. Also, Olive 108 is targeting at Singaporeans as it would be considered as similar investing on a high-end mixed development property beside the Gleneagles Hospital at Orchard Road in Singapore but with a lower price at only S$459 psf. Since Gleneagles Intan Medical Center is one of the approved Malaysian hospitals by the Singapore's Ministry of Health for the usage of CPF Medisave and the highly sought-after location of Ampang, the rental yields from the Olive 108 is strongly believed to be attractive and can achieve as much as RM10,000 per month. In conclusion, Olive 108 is definitely a great investment with remarkable growth prospects and incredible life-long returns as well as being a high-end, privacy ensured, low density and comfortable living sanctuary.
