[Ampang Hilir] NOVO Ampang

NOVO Ampang Overview

NOVO Ampang is located at the prestigious Ampang Hilir @ Embassy Row and designed by award winning, internationally known Veritas Design. Once completed, NOVO Ampang will be a prominent landmark with the first of its kind facade that is illuminated by ambient lights (think TRON)

Located along the Embassy row of Jalan Ampang, the development is a sought after address due to it being close to international schools (Fairview, Sayfol, ISKL), embassies, Gleneagles hospital as well as shopping malls like KLCC and Pavilion. Aside from that, the newly proposed MRT station is located near the development.

NOVO Ampang offers ultra modern and luxurious living with 421 units in a 38 storey building. Unit starts from RM1,000,000 onwards.

ARIVA Hotel

Ariva Hospitality (based in Singapore) will be managing 180 units in NOVO Ampang. Ariva Hospitality manages property in China, Malaysia, Indonesia, Singapore and Myanmar.

Link: http://www.stayariva.com/en/destinations/malaysia/ariva-novo-ampang

Purchasers are guaranteed returns for 3 years (6%/annum ) with the option to renew 3 years (6.5%/annum). Maintenance fees are also waived.

NOVO Ampang Details

Development Name : NOVO Ampang
Developer : Alfranko Developments Sdn Bhd (Wholly Subsidiaries of Alfranko Group)
Land Size : Approximately 1 acres & above
Expected Completion : 4th Quarter 2018
Tenure : Freehold
Land Use : Commercial (Service Apartment)
No. of Units : 421 units 
No. of Storey : 38 storey
No. of Tower : 1 tower
No. of Units per Floor : 16 units
Maintenance: RM0.40/sf
Built Up Area:
a) (1 bedroom) 686sf
b) (2 bedroom) 848sf, 951sf, 997sf

Each unit comes with 1 car park

Booking Fee: RM10,000

Average Selling Price (Gross) : RM 1,400 psf (Fully Furnished) 

NOVO Ampang Facilities

  • Infinity pool
  • Sky bar
  • AV lounge
  • Laundry and lifestyle space
  • Business lounge
  • Cigar bar
  • Coffee house
  • Jacuzzi
  • Gymnasium
  • Multipurpose hall

Register your interest for NOVO Ampang

Name (required)

Email (required)

Phone Number (required)

Development Area Interested (required)
 KLCC Mont Kiara Bangsar Old Klang Road PJ Cheras Segambut Ampang Hilir Ara Damansara Cyberjaya Serdang Seri Kembangan Gombak Selayang Puchong

Your Budget (required)
 <RM500,000 RM500,000-RM750,000 RM750,000-RM1,000,000 RM1,000,000-RM1,500,000 >RM1,500,000

Purpose of Purchase (required)
 Own Use Investment

NOVO Ampang showroom

 

NOVO Floor Layout

NOVO Ampang (Dual Key) Layouts

NOVO Ampang (Residential) Layouts

NOVO Ampang Analysis

While there are plenty of developments (3 Towers, The Elements, M City, Arte Plus, Galleria, Olive 108) along Jalan Ampang, there are a few factors which will affect the success of the developments.

Facade: In terms of the overall look of the building, NOVO Ampang is undeniably the most prominent building once completed with its ambience lighting.

Location: In terms of location, the development is located just opposite Gleneagles Hospital making it a plus factor to those who are looking to rent short term (medical tourism). Aside from that, they are located closer to the city center compared to Elements, Arte Plus, M City.

Accessibility: Updates on the future MRT line indicates there will be a stop in Gleneagles making it favorable to developments without MRT/LRT access.

Density: With only 421 units, it is undoubtedly one of the lowest density development around. 

Partnering with Ariva Hospitality, owners are assured a hassle free transaction as the unit comes with a guaranteed return for 6 years. This is suitable for investors who are worried on the weak economy outlook as there is no need to look for tenants for the 6 years period (till 2024).

Register your interest for NOVO Ampang

Name (required)

Email (required)

Phone Number (required)

Development Area Interested (required)
 KLCC Mont Kiara Bangsar Old Klang Road PJ Cheras Segambut Ampang Hilir Ara Damansara Cyberjaya Serdang Seri Kembangan Gombak Selayang Puchong

Your Budget (required)
 <RM500,000 RM500,000-RM750,000 RM750,000-RM1,000,000 RM1,000,000-RM1,500,000 >RM1,500,000

Purpose of Purchase (required)
 Own Use Investment

 

 

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