One Residency

One Residency is a newcomer of serviced residence residing in Bukit Ceylon vicinity along Jalan Nagasari. It is an exclusive low-density freehold project of serviced suites and apartments located next to Istana Hotel. The whole development comprises of three building blocks, which are One Residency that comprises of 16-storey North Tower and 30-storey South Tower, and an office tower. Residents will be catered with twinkling star of the city center at night and exclusive wealthy living right within the Golden Triangle of Kuala Lumpur.One Residency offers exquisitely designed units in a number of layouts, including one-bedroom (745 sf), two-bedroom (1,116 sf), three-bedroom (1,312 sf), three plus one-bedroom (1,893 sf) and lavish Penthouse Suite (3,884 sf). Each floor houses nine units, and there are four lifts to serve the residents. Each unit at One Residency features good ventilation and natural lighting via its three window surfaces which are all laminated to reduce noise and heat. Floor is furnished with porcelain tiles for living, dining and study room, while master bedroom is furnished with laminated timber flooring. SoHo units are furnished with porcelain tiles. All units at One Residency are built with air-conditioning and kitchen cabinets that complete with stainless steel sink, cooking hood and hob. Master bathroom comprises of long bath, shower rose, water closet, wash hand basin and marble vanity top. While other bathrooms consist of shower rose, water closet, wash hand basin, and marble vanity top.

Property Details

Name: One Residency

Address: Jalan Nagasari, Off Jalan Raja Chulan, 50250 Kuala Lumpur

Developer: Visionwell (a member of LION Group)

Completion Date: Mid 2009

Type: Condominium

Tenure: Freehold

No. of Blocks: 2

No. of Storey: 16 and 30

No. of Units

SoHo: 116

Condominium: 305

Land Area: 0.9 ha

Built-up: 745 - 1,893 sf

Launch Price: RM474 psf (starting from RM278,000)

Subsale Price:

Rental:

Facilities

BBQ area

Business center

Clubhouse

Covered parking

Gymnasium

Mini market

Nursery

Playground

Salon

Sauna

Swimming Pool

Wading Pool

24hr Security

Cafeteria

Market Trends

Analysis

One Residency was developed by Lion Group via its property arm Visionwell. The group which is well known for being a steel manufacturer, has been diversified its business into other fields including property developer and retail business under Parkson chain, which its stores are located local and overseas. Furthermore, Lion Group co-owns the 50-storey Menara Citibank in Kuala Lumpur, and developed numerous residential and townships including Twins at Damansara Heights, Bandar Bukit Mahkota, Bandar Mahkota Cheras and Bandar Mahkota Banting to name a few. Not only that, it has also undertaken real estate development jobs in Singapore and China. One Residency is strategically located within the Kuala Lumpur's Golden Triangle within Bukit Bintang and KLCC enclaves. Residing in the area, residents should not worry about facilities and amenities available, as most necessities are within reach, and just within walking distance. It is near to Raja Chulan monorail station, commercial centers, hotels, bars, clubs and shopping malls. Meanwhile, the interiors of One Residency are done by LCL Corp, which also responsible for other high-end residential and commercial properties interior designs such as Berjaya Times Square Hotel.One Residency has been word of mouth since its launch back then in the end of 2005. But since then, the development seemed to have been slow down in progress. Even a year later, there was no construction work done at the site. It was reported that the developer just got the green light to commence development work by the authority by June 19, 2006. Good news for the owners that the construction works were pretty quick ever since, which it was completed right as scheduled in 2009.Units available for purchase or rent is only North Tower, that comprises of 16 floors. The whole 290 units of South Tower are purchased by a subsidiary of UOL Overseas Development Pte Ltd, which wholly-owned by United Overseas Land Ltd. The tower will be operated as service apartments and suites by Park Royal.Maybe because One Residency was launched in 2005 while the competition is not stiff as nowadays, it seems that it only offers typical facilities and accommodations like normal condominiums. Unlike most new condominiums in KLCC enclave, they are equipped with high class and appealing facilities such as yoga studio, squash court and laundry.The views from One Residency are not great either, unless you owned large units, then you will enjoy mesmerizing view of KLCC and KL Tower. Smaller units from 1-bedroom to 2-bedroom units face either South Tower, Menara Boustead or Istana Hotel. One Residency's modern architecture and glassy features are really appealing for the investors as well as its tag price. Due to its long time launched, most of initial buyers should make a fortune by now. But, there is still huge potential for this property to shine in near future which the price will climb further once the economy recovers. With limited units available for trade as South Tower is wholly owned by UOL Overseas, the price will hike easily in no time. It scores on location, and design inside out, it will surely do well.