NOVO Reserve

Jalan Ampang, Ampang Hilir, 52100 Kuala Lumpur, Wilayah Persekutuan
Serviced Residence
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Details:

Developer

Alfranko Development
Chinese ad 4621 326x150 01

Facilities

Sky Pool
Jacuzzi
Kid’s Pool
Gymnasium
Laundry
Multi-Purpose Hall
AV Lounge
Sky Bar
Sky Lobby
Sky Sauna

Property Details

Today (Under Construction)
2022 Apr (Year of Completion)
RM 1,031,800 - RM 2,371,000
RM0.40psf
Built Up
686 SQ. FT - 1,775 SQ. FT
Land Title
Commercial
Tenure
Freehold
Total Blocks
1
Total Storeys
35
Total Units
395
Parking
Min. 1

Description

NOVO Reserve Kuala Lumpur is a freehold serviced apartment located along Jalan Ampang in Ampang Hilir, Kuala Lumpur. The name of this apartment is named after a Latin word with the meaning of new, refresh and revive. This luxuriously stylish studio apartment is developed by Alfranko Development, a subsidiary of the Sezar Group. Alfranko Development Sdn Bhd is a part of Alfranko Group of Companies which is a European investment and development conglomerate with diversified interest and investments in Russia. Now, the group is interested in Malaysia and this exclusive lifestyle condominium is their first flagship in Malaysia. With that, Alfranko Development Sdn Bhd is awarded the Best Boutique Developer Award in year 2016 & the Best Condo/Apartment Architectural Design (Malaysia) in year 2020.

NOVO Reserve is targeted at the young professionals and property investors from all around the world. This modern building is flushed in ambient LED lighting beaming towards the night sky like the dazzling jewel. According to the developer, NOVO Reserve is inspired with the idea of living 'Above the Eminence'. This eye-catching building is designed by an internationally renowned and award-winning architectural firm, Veritas Designed Group. On top of that, NOVO Reserve is equipped with a comprehensive plethora of state-of-the-art features and recreational facilities on the highest level for the convenience and comfort of their residents.

NOVO Reserve is located in one of the most strategic locations available in Kuala Lumpur, which is also known as Embassy Row. Hence, it is easily access to various amenities and facilities nearby. Besides that, NOVO Reserve is also connected to various major highways and roads, providing extensively many possible access routes to neighbouring township like Cheras, Petaling Jaya and
Shah Alam. These include Ampang-Kuala Lumpur Elevated Highway (AKLEH), Middle Ring Road 2 (MRR2), Duta-Ulu Klang Expressway (DUKE), Jalan Jelatek and Jalan Tun Razak. Public transportation in the area includes buses and taxis and the nearest train station is Dato’ Keramat LRT station. In addition, there are plenty of amenities in this area. These include the nearby schools such as Seri Ampang Secondary School, Mutiara International School, Fairview International School, International School of Kuala Lumpur and Sayfol International School. Other amenities include restaurants, cafes, shop lots, clinics, banks, offices, Ampang Point shopping centre, Suria KLCC shopping mall, Tesco Ampang, Ampang Hilir Lake Gardens, Royal Selangor Golf Club and more. On top of that, Gleneagles Medical Centre and Great Eastern Mall is just a stone throw’s away from the condominium.

Facilities featured in this serviced apartment include audio & visual lounge, sky bar, infinity sky pool, sky gymnasium, jacuzzi, launderette and cozy hangout area, multipurpose hall, cigar bar, business lounge, retail services, cafe bar, nursery and more. To give their residents a total peace of mind, NOVO Reserve also features a 3-tier security system with 24-hour security, CCTV surveillance at strategic areas and access card system installed at entry and exit points for maximum protection.

This residential serviced apartment covering a total of 1.15 acres of land. Standing at 35-storey tall, one might be able to get some pretty scenic views. NOVO Reserve carries a total of 395 residential units and it is serviced by 6 elevators per floor. There are 11 different types of units available for buyers to choose from and the size of each unit is ranging between 686 sq. ft. and 1775 sq. ft. The smallest built up will be Type A and A1 with 1 bedroom whereas the largest built up will be duplex unit, Type C3. Besides that, there are 525 parking bays in total with 4 levels of basement car park and 7 levels of podium car park. For convenience, two retail lots are located on the ground floor for the convenience of the residents.

24-hour
Security
No
Pet Friendly
No
Eco Friendly (GBI)
Nearby Restaurants
Cleanliness
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F Y Leong
good location and good community
Cleanliness
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Safety
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Leong Fang Yin
good community and good neighbourhood
Cleanliness
Quietness
Safety
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NOVO Reserve?

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Nearby Amenities:

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Did you know?

Check out the value of surrounding recently completed properties to make the best buying decision.

Property Name Year of Completion Ad Selling Price Ad Rental Price Avg Transacted Price Avg Rental Yield (%)
NOVO Reserve Apr 2022 RM 800,112 - RM 4,557,888
RM 1,166 psf - RM 2,570 psf
NIL NIL NIL
Datum Jelatek 2019 RM 700,000 - RM 785,000
RM 232 psf - RM 1,256 psf
NIL NIL NIL
3 Towers 2018 RM 285,000 - RM 1,620,000
RM 1 psf - RM 1,157 psf
RM 900 - RM 900 NIL 3.23 %
M City Mar 2016 RM 299,000 - RM 2,300,000
RM 392 psf - RM 1,278 psf
RM 1,400 - RM 1,400 NIL 3.02 %
Rimbun Dec 2015 RM 1,100,000 - RM 25,000,000
RM 540 psf - RM 1,470 psf
RM 14,000 - RM 14,000 NIL 1.33 %
D'Suria Condominium 2015 RM 450,000 - RM 1,400,000
RM 302 psf - RM 648 psf
RM 1,600 - RM 1,600 NIL 2.44 %
Damai 88 2015 RM 787,320 - RM 2,300,000
RM 567 psf - RM 1,639 psf
RM 3,000 - RM 3,000 NIL 2.93 %

Did you know?

Check out the past transacted prices of this neighbourhood to make the best buying decision.

Non-Landed Landed Commercial
0 - 500 SQ. FT - - -
500 - 1,000 SQ. FT RM 817 psf - -
1,000 - 1,500 SQ. FT - - -
1,500 - 2,500 SQ. FT RM 529 psf - -
2,500 - 4,000 SQ. FT RM 675 psf - -
4,000 SQ. FT and above - - -
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 538 psf
Non Landed Properties
RM 544 psf
Landed Properties
RM 0 psf
Commercial Properties

Note:

  • This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
  • 'Nearby distance' is based on 1 kilometre
  • Average Rental Yield takes into account an estimated amount of maintenance fees

My Affordability:

Down Payment (10%) RM 103,180
Loan Amount ( 90 %) RM 928,620
Tenure Years 35 Years
Interest Rate 4.85%
Others (Estimation) RM 10,000
Apply now
Monthly Installment
RM 3,000 ±
Maintenance Fee
RM 274 ±
RM 0.4 psf (686 SQ. FT)
Total Monthly Expenses
RM 3,000 ±

Disclaimer

The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.

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