Properties for Sale in Oxley Towers

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About Oxley Towers

Properties for Sale in Oxley Towers

Oxley Towers represents Singapore-based Oxley Holdings Ltd’s flagship development in the country, via its domestic arm Oxley Holdings Malaysia. Sitting on a 3.11-acre freehold parcel in the heart of Kuala Lumpur, the mixed development includes residential, commercial, office and hospitality components. With a reported gross development value of approximately RM3.5 bil excluding hospitality components, the project comprises luxury hotels and serviced residence units in its 49-storey Jumeirah and 78-storey SO Sofitel towers, and strata offices in its 29-storey Signature Office block as well as The Boulevard, a two-storey retail galleria. The prime appeal of Oxley Towers lies in its prestigious location on Jalan Ampang, less than 300m away from Suria KLCC and the iconic Petronas Twin Towers. As such, owners, tenants and investors can leverage on the best amenities and attractions Kuala Lumpur has to offer, the nearby Golden Triangle shopping and entertainment hub, as well as convenient access to Klang Valley’s growing integrated rail network through the KLCC and Ampang Park LRT stations. SO Sofitel is the first block to be launched within Oxley Towers, with projected completion by May 2023. The tower will include 590 serviced residence units, with an additional 267 units in the Jumeirah block for a total of 857 residential units. SO Sofitel’s residential units offer studio (Type A), 1-bedroom (Types B and C), 2-bedroom (Types D and E) and 3-bedroom (Type F) layouts, with built-ups from 566 sq ft to 1,699 sq ft. In addition, larger duplex layouts (Type G) feature built-ups from 1,197 sq ft to 5,044 sq ft, though only six of these are available. Launch prices for SO Sofitel units start at RM1.40 mil, ranging up to RM17.44 mil, or about RM2,473 psf to nearly RM3,500 psf. Meanwhile, built-ups for units in Jumeirah are anticipated to range from 563 sq ft to 1,208 sq ft, with indicative prices from RM3,000 psf. Naturally, the premium price tag for SO Sofitel units come with commensurate facilities and privileges, including 24-hour residence concierge and security systems, and bell and valet services, along with a-la-carte services such as personal trainers, housekeeping and lifestyle programmes. Purchasers will also receive Le Club AccorHotels Platinum memberships. While Oxley Towers’ other components are still in the planning phases, some details are already available regarding their prospective features. For example, the Signature Office tower is positioned as a sustainable, environmentally-friendly development, targeting conformance with the Singapore-based Building and Construction Authority’s Green Mark Gold guidelines. Operators, tenants and workers will also benefit from features such as performance glazing for windows to manage daylight and thermal exposure indoors, energy-efficient lighting and air-conditioning for cost savings up to 20%, and water fittings and fixtures allowing for up to 30% water conservation. Though Oxley Towers’ location, pull factors and positioning speak for themselves, the developer will still have to consider larger market factors such as the oversupply of both commercial and residential launches in Klang Valley. In the commercial space alone, for example, its Signature Office tower will have to compete with other upcoming projects in the city centre such as TRX, Exchange 106 and PNB 118, all of which target the high-end office segment.

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