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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Did you know?
Check out the value of surrounding upcoming properties to make the best buying decision.
| Property Name | Year of Completion | Launch Price | Ad Selling Price |
|---|---|---|---|
| Oxley Towers | May 2023 | RM1,400,000 - RM17,435,000 |
RM1,200,000
-
RM2,591,000
RM 2,000 psf - RM 2,869 psf |
| Conlay | 2024 | RM1,250,000 - RM3,500,000 |
RM1,280,000
-
RM2,690,000
RM 1,686 psf - RM 2,139 psf |
| Agile Embassy Garden | Mar 2024 | RM1,060,800 - RM2,624,800 |
RM1,000,000
-
RM1,949,800
RM 1,672 psf - RM 2,050 psf |
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 (%) |
|---|---|---|---|---|---|
| Oxley Towers | May 2023 |
RM1,200,000
-
RM2,591,000
RM 2,000 psf - RM 2,869 psf |
NIL | NIL | NIL |
| Stonor 3 | 2019 |
RM1,100,000
-
RM2,381,250
RM 733 psf - RM 2,733 psf |
RM3,500 - RM3,500 | NIL | 14.75 % |
| Star Boulevard | 2018 | From RM7,000,000 | From RM34,000 | NIL | NIL |
| Four Seasons Place | 2017 |
RM2,697,300
-
RM45,000,000
RM 2,003 psf - RM 3,783 psf |
RM10,000 - RM10,000 | NIL | 1.36 % |
| Menara Public Bank 2 | 2017 | NIL | From RM33,000 | NIL | NIL |
| Ilham Baru Tower | Aug 2015 | NIL | From RM14,000 | NIL | NIL |
| Banyan Tree | 2015 |
RM1,700,000
-
RM7,300,000
RM 1,321 psf - RM 3,325 psf |
RM2,500 - RM2,500 | NIL | 2.52 % |
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 | - | - | RM 1,048 psf |
| 500 - 1,000 SQ. FT | RM 944 psf | - | RM 615 psf |
| 1,000 - 1,500 SQ. FT | RM 974 psf | - | RM 562 psf |
| 1,500 - 2,500 SQ. FT | RM 736 psf | - | - |
| 2,500 - 4,000 SQ. FT | RM 819 psf | - | RM 830 psf |
| 4,000 SQ. FT and above | RM 462 psf | - | - |
Note:
| Down Payment (10%) | RM 140,000 |
| Loan Amount ( 90 %) | RM 1,260,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
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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