The Orion

The Orion is a high density modern condominium located on Jalan Tun Razak opposite the National Library and in between of the new IJN (National Heart Institute) and Setia Sky Residences. It is a 36-storey condominium development housing 202 units of standard condominiums, duplexes and penthouses. The building comprises of 7 levels of car park with 506 parking spaces, 2 levels of breezeway and 27 levels of condominium units. Each floor at The Orion houses 8 units. It is strategically located 1.8 km away from KLCC. It offers panoramic view of either the city centre or lush greenery of Taman Tasik Titiwangsa.As for amenities, there are few hospitals within walking distance from The Orion, that include IJN (National Heart Institute), Hospital PUSRAWI which located across Jalan Tun Razak and General Hospital. Besides hospitals, National Library is located just opposite the residential. For recreational activities, Taman Tasik Titiwangsa and Titiwangsa Sports Complex are just located within 5 minutes driving. If you are an art enthusiast, then you will enjoy residing at The Orion, as National Art Gallery and Istana Budaya (National Theatre) are located only a few hundred meters from the condominium. In addition, it is located about 1 km away from Alliance Francaise, a French international school. Also, SAL College is located just across the street. There are also several government schools located nearby that include SRJK (Tamil) Jalan Fletcher, SMK Puteri Titiwangsa and SMK Seri Titiwangsa. Being positioned right besides Jalan Tun Razak, you can drive to several prime areas without even have to get through a single traffic light. If the traffic flow is good, you can reach KLCC within 5 minutes, Putrajaya within 20 minutes, Damansara Heights within 10 minutes and Bangsar within 8 minutes. You can utilize SMART tunnel for faster access to Sg Besi, AKLEH (Ampang-Kuala Lumpur Elevated Highway) for a 5-minutes journey to Ampang neighborhood and KL-Putrajaya highway for faster journey to KLIA, Putrajaya and Cyberjaya.

Property Details

Name: The Orion

Address: Jalan Tun Razak, Kuala Lumpur

Developer: Swasta Setia Holdings

Completion Date: September 2006

Type: Condominium

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 36

No. of Units: 202

Built-up: 1,161 - 1,629 sf

Launch Price: RM367,000 onwards (RM316 psf)

Subsale Price:

Rental:

Layouts

Standard

1,161 - 1,629 sf

1+1, 2+1 and 3+1

Penthouse and Duplex

3,335 - 4,558 sf

Facilities

Squash courts

Swimming pool

Gymnasium

Driving range

Jacuzzi

Jogging track

Market Trends

Analysis

The Orion is developed by Swasta Setia Holdings. The company is backed by a 30% share ownership by Lembaga Tabung Haji Malaysia. The Orion is the first residential development by the company. Previously, Swasta Setia Holdings has developed Yayasan Selangor Tower and Menara TH Selborn, both situated within walking distance from The Orion. These developments are part of the five parcels developments that include a commercial business district in Parcel 2, and a 25-storey commercial building in Parcel 3.The Orion took several years to be taken up, even after it was completed. Nonetheless, its KLCC view units were sold out within several months, but Taman Tasik Titiwangsa view units took several years to be taken up. Not only that, the completion date has been postponed for several times. Being one of the cheapest high-end condominiums in KLCC vicinity, The Orion appeals to a lot of investors due to the low price factor. But considering massive supply of high-end condominium in Kuala Lumpur, The Orion does not possess any advantage to top other residential in the enclave. Comparing The Orion and Setia Sky Residences, there is a major difference in the sense of ingress and egress. Commuting from KLCC is convenient via Jalan Raja Muda for Setia Sky Residences. As you come from PWTC direction, you can utilize the U-turn at Jalan Semarak. Meanwhile, if you head to KLCC from The Orion, you have to struggle to make a U-turn at Jalan Pahang roundabout which is about 2 km away. Mind you that you might get stuck in the traffic for about 30 minutes just to reach the U-turn during peak hours. Being located right beside Jalan Tun Razak, one has to bear around the clock terrible traffic congestion. Nonetheless, Jalan Tun Razak is among the busiest road in the country. It is utilized by motorists who commute to the city from Sg Besi, Sentul, Cheras, Petaling Jaya, Kepong and other areas. In addition, this traffic problem also contributes to noise and air pollution in the area. The Orion does not seem to appeal to expatriates or even locals due to several factors. As for expatriates, they would prefer to stay within the heart of the city where they can walk to work or commuting via LRT, or together with their expatriate friends at prime expatriate locations such as Mont Kiara or Embassy Row in Ampang. As for the locals, RM2,500 for rental is quite high and they would prefer to rent on landed residential in Keramat and Setiawangsa.