The name “Wellnessa” was selected as it captures the essence of a new-age development that offers a holistic wellness experience to residents.
Continue Reading ⋅ 23 June 2021
One Stonor is being undertaken by Mayland, a company founded in 1995 that has now become one of the top property developers in Malaysia. In fact, it has substantial projects in key areas like Johor, Putrajaya, Selangor and Kuala Lumpur. Among its most notable residential projects are Mayfair and Dorchester in Plaza Damas. The group also holds a significant land bank of over 500 acres and plans to roll-out flagship developments in some of the capital’s most sought-after locations. For instance, it has a pipeline of more than 3,000 low-cost homes and luxury residences, with a combined gross development value (GDV) surpassing RM3 billion.
The subject development is a luxury project sited on 0.56 acres of freehold land. It consists of a 33-storey tower with 285 serviced residences. This exclusive high-end development is anticipated to be completed by 2024.
Address: No. 1, Persiaran Stonor, Ampang, KL City, Kuala Lumpur
Property Type: Serviced Residence
Land Title: Freehold
No of Storeys: 33
No of Blocks: 1
Total Units: 285
Tenure: Residential
Sales Gallery: Level 17, Menara TH Platinum, 9, Persiaran KLCC, 50450 Kuala Lumpur
Site GPS Coordinates: 3.152711, 101.718652
Expected Date of Completion: 2024
Built-up area: 771 sq ft – 1,397 sq ft
Facilities:
- Security
- Reception Foyer
- Valet Service
- Aqua Pod
- Grove Portico
- Grove Garden
- Playschool
- Parlour
- Management Services
- BBQ Lounge
- Interlude Corner
- Green Lawn
- Play gym
- Chill Deck
- Pebble Path
- Hedgerows
- Infinity Pool
- Gymnasium
- Sun Deck
- Reflective Pond
- Sky Lounge
- The Garden
- Star Deck
- Social Room
- Cigar Lounge
- Sauna
Launch Price: RM1,633,000 – RM2,832,000
Price psf: From RM2,118 per sq ft
Maintenance Fee psf: N/A
Parking Bay/s per Unit: N/A
Special Features:
- Certified as green building (GreenRE)
Project Details
This posh freehold allows would-be clients to choose from over 10 configurations with built-up areas spanning from 771 sq ft to 1,397 sq ft. Each unit has 1-3 bedrooms and 1-2 bathrooms, in addition to a balcony and automated mechanical parking. Prices range from RM1,633,000 to RM2,832,000, which works out to about RM2,118 psf.
|
Unit Type |
Built-Up |
No. of Rooms |
Starting Price |
|
A |
989 sq ft |
2R, 2B |
From RM1,929,000 |
|
B |
1,293 sq ft |
3R, 2B |
From RM2,229,000 |
|
C |
892 sq ft |
2R, 2B |
From RM1,763,000 |
|
D |
1,266 sq ft |
3R, 2B |
From RM2,199,000 |
|
E |
771 sq ft |
1R, 1B |
From RM1,633,000 |
|
F |
883 sq ft |
2R, 2B |
From RM1,769,000 |
|
G |
1,397 sq ft |
3R, 2B |
From RM2,832,000 |
|
H |
783 sq ft |
1R, 1B |
From RM1,462,000 |
|
I |
1,048 sq ft |
2R, 2B |
From RM1,957,000 |
|
J |
1,328 sq ft |
3R, 2B |
From RM2,305,000 |
|
K |
1,029 sq ft |
2R, 2B |
From RM1,977,000 |
Besides an infinity pool and a rooftop lounge that provides stunning views over Kuala Lumpur’s cityscape, this classy development features 24hr security with perimetre fencing, CCTV cameras and multi-tiered access system.
Apart from concierge service, the luxury project features an aqua pod, sauna, reflective pond, playschool, gymnasium, BBQ lounge and star deck, in addition to a green lawn, grove portico, and grove garden, where your children can play hide-and-seek or enjoy the bounty of nature.
In addition, One Stonor sports a stunning organic-looking façade that simulates natural elements. For instance, there are petal-shaped holes covering the car park podium that symbolises a tree, while the balconies look like a gigantic vine climbing the tree.
The units at this prestigious development are partly furnished with refrigerator, hood & hob, air conditioning, kitchen cabinet and microwave oven, as well as a 2-in-1 washer & dryer.
One of the most attractive things about One Stonor is its prestigious address. In fact, it’s not only located in KLCC or the heart of the capital, it’s also near to the embassies of other countries (which would apparently give it an additional air of respectability).
Location
This exclusive freehold project is truly nestled within the Kuala Lumpur City Centre (KLCC) at 1, Persiaran Stonor. In fact, One Stonor is near the Golden Triangle of the capital.
It is also just a five-minute stroll to a future MRT station, while Ampang Park MRT Station is within 1km. The nearest light rail transit node is the KLCC LRT station, while LRT Ampang Park is close by as well. For vehicle users, the high-end project is well-connected to Jalan Stonor, and Jalan Tun Razak.
Moreover, One Stonor is near some of the best hospitals in Malaysia, such as HSC Medical Centre, ALPS Medical Centre, Twin Towers Medical Centre, Beverly Wilshire Medical Centre and Prince Court Medical Centre.
In addition, the vicinity is dotted with many reputable schools like SJK(C) Chung Hwa, SMK Seri Ampang, SMK Puteri Ampang, Universities 21 Global, Iraq School, Sayfol International School, INTI International College, Montessori Pre School Malaysia, Universiti Tun Abdul Razak (Unirazak), University of Nottingham Teaching Centre and YTL International College of Hotel Management.
Apart from being a five-minute jog to KLCC Park, One Stonor is within close proximity to malls and popular shopping destinations like Pavilion, Suria KLCC, Lot 10, Fahrenheit88, and Starhill Gallery.
Analysis
|
Name |
Completion Date |
Land Tenure |
No. of Blocks |
Storeys |
No. of Units |
Selling Price |
|
One Stonor, Ampang, Kuala Lumpur |
2024 |
Freehold |
1 |
33 |
285 |
RM1,633,000 – RM2,832,000 |
|
Pavilion Embassy By Global Oriental Bhd |
2020 |
Freehold |
2 |
42 & 36 |
588 & 222 |
RM1.65 mil – RM1.8 mil |
|
Picasso Residence By Premier De Muara Sdn Bhd |
2019 |
Leasehold |
2 |
38 |
472 |
RM962,350 – RM2.4 mil |
Pros
The best thing about One Stonor is its highly desirable prime address within the heart of Kuala Lumpur. As such, its residents can easily access the best amenities that the capital has to offer like top schools, the hippest stores, world-class hospitals and popular tourist attractions. Another positive thing is the freehold status, which means you can pass on your unit to your children and onwards. The project also has the lowest density as compared to Pavilion Embassy and Picasso Residence.
Cons
The high price tag of One Stonor is probably what would turn people off from buying a home there. As a matter of fact, you need to earn a minimum of over RM22,000 to be able purchase a unit. Nonetheless, the price appears reasonable when you compare the subject property with two other residential projects in the vicinity, namely Pavilion Embassy and Picasso Residence. However, One Stonor’s top-end price of RM2.8 million is the most expensive of the three, followed by Picasso Residence’s. Another downside is that One Stonor will be the last to be completed of the three, as the other two are expected to be completed before 2021.
Summary
Owning a freehold property within KLCC means you’re among the crème de la crème of society, as it’s no easy feat purchasing an exclusive residential property costing over RM1.6 million. You can regard a home in One Stonor as a status symbol, or a trophy if you may, which you can show off to your friends, family, and colleagues. Apart from being an ideal family home thanks to its location near some of the country’s top schools, it can also be a potential goldmine as freehold homes situated in the heart of the capital are hard to come by.
Assuming you take out a RM1,306,400 loan (80% LTV) with an interest rate of 4.6% that is payable in 30 years to purchase a RM1,633,000 unit in One Stonor, your monthly debt instalments work out to RM6,697. Following experts’ advice that your monthly expenses on housing should not exceed 30% of your salary, you need an income of at least RM22,323 per month to be able to afford a unit at this exclusive freehold project.
