KUALA LUMPUR (Nov 11): Despite the soft property market, OCR Land Holdings Sdn Bhd is eyeing a 100% take-up rate for its serviced residence project The Pano @ Jalan Ipoh by 1Q2017.
“As long as you have the right product with the right pricing, you don’t have to worry. We are confident that it will be sold out before 1Q2017,” OCR Land corporate development director Emily Ong said at the media preview of The Pano today. The project is slated for launch in January 2017 but has already begun receiving bookings which have reached 40% to date.
The low-density development comprises 363 units of serviced residence and eight retail units, is situated on a 1.82-acre freehold site on Jalan Ipoh, Kuala Lumpur and has an estimated gross development value of RM250 million.
With two 26-storey towers on a single block, the unit built-ups of The Pano serviced residence range between 609 sq ft and 1,831 sq ft. Prices start from RM487,000.
“Whether you are single, or young professional couples or families who are looking to upsize, we have the unit best suited for you.
“We also have units with a private garden, as well as duplexes and dual-key units,”said OCR Land managing director Billy Ong Kah Hoe.
On its name, which was derived from the word “panorama”, Billy said, “We want our homebuyers to experience the sights and sounds of the bustling KL city life from an elevated perspective.”
“We hope the residents will enjoy the panoramic view of the city,” he said.
Facilities at The Pano include an infinity pool, outdoor theatre, sky gym, herb garden, function room and children’s playground.
The Pano @ Jalan Ipoh is accessible via Lebuhraya Sultan Iskandar, Jalan Tun Razak and Jalan Kuching. It is also located 300m from the Jalan Ipoh Mass Rapid Transit station and has two schools situated within its 2km radius.
Construction for The Pano will start in January 2017 and is slated for completion in 1Q2020.
Meanwhile, Emily added that the boutique developer is looking to launch two residential projects in Sunway and Damansara as well as one commercial project in Selayang next year.