The Atrium is a freehold development located within the prime centre of Kuala Lumpur, with a gross development value (GDV) of RM202 million. The low-density development puts residents within easy reach of KL’s most renowned establishments, including international corporate offices, education institutions, world-class healthcare centres, shopping malls, restaurants, entertainment, and more. It links residents to the best city living has to offer.
The Atrium is built on 0.95 acres of freehold land, close to KL’s embassy row of Ampang. Inspired designs accentuate every corner and features in units have been meticulously planned, to be both beautiful and practical.
Address: 55000 Kuala Lumpur
Developer: Paramount Property (Cityview) Sdn Bhd
Property Type: Apartment
Land Area: 0.95 acres
Land Title: Commercial
Tenure: Freehold
No. of Blocks: 1
No. of Storeys: 19
Total Units: 241
Sales Gallery: 8, Jalan Ampang Hilir, Taman U Thant, 55000, Kuala Lumpur
Year of Completion: July 2024 (estimated)
Built-up Area: 556 sq ft – 1,227 sq ft
Facilities:
1) Ground Floor
2) Sky Terrace
3) 20th Floor
Launch Price: From RM563,000
Maintenance Fee: RM0.50 per sq ft
The Atrium unites form and function in each residential unit across the project’s 19 floors. The single-block development features a luxurious entrance statement, and the namesake main atrium, is where the grand skylight lets in natural illumination.
There are 241 apartment units, with built-ups ranging from 566 sq ft to 1,227 sq ft. The integrated smart home technology connects each home to these systems, and residents can link their mobile device to their unit’s smart home systems for greater convenience. Some of the controls include:
As for lifestyle facilities, they are located across three floors. The Atrium’s Sky Terraces on Level 6 and Level 13 provide pockets of relaxation with views of KL city. The recreational podium on Level 20 also provides panoramic skyline views.
This view can also be enjoyed at its infinity-edge pool and sky gym. The landscaping and water features add a touch of serenity to the development. For the full list of facilities, refer to the Introduction section above.
The Atrium also comes with a multi-tier security system encompassing:
The Atrium is expected to be completed in 2024, and unit prices begin from RM563,000.
The Atrium is located by KL’s Embassy Row, along Jalan Ampang and Jalan Ampang Hilir. Residents will enjoy access to the KL city centre, which is about 1.8km away. It is also within walking distance to LRT and MRT stations, and bus transit hubs, with accessibility to highways such as the Ampang-Kuala Lumpur Elevated Highway (AKLEH), and Maju Expressway (MEX).
Beyond that, the roads that sprawl out from your home at The Atrium link you to all of KL, granting you easy access to the city’s many wonders and conveniences. You can also extend your accessibility further, with several major highways linking you to mature neighbouring cities.
Being in the heart of KL means that there’s a plethora of amenities within reach. Whether it’s shopping sprees, being with nature, or indulging in F&B, there is much in store for residents, all around The Atrium. Plus, it is a prestigious address, being in close proximity to foreign embassies.
Accessibility
Education
Medical Care
Shopping
Recreation
According to the PropertyGuru Malaysia Property Market Index (MPMI) Q2 2021, KL continues to cope with declining prices, recording a 5.00% YoY drop in median asking prices per sq ft in Q1 2021. This is the largest yearly drop in the median asking prices since it began to slip into negative territory in Q1 2019.
Paramount said that they saw strong demand growth for landed property in 2020 and expects it to continue this year. Overall, the outlook of the industry is positive, amid current lower interest rates.
They also said that demand for land-based residential units is also expected to be the top buyer’s choice compared to multi-storey residential units such as condominiums and apartments, fuelled by the implementation of the Movement Control Order (MCO).
Here’s a quick look at residential properties in the KL city centre.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
The Atrium by Paramount Property |
Freehold |
Apartment |
2024 |
556 sq ft – 1,227 sq ft |
From RM563,000 |
|
Idaman Residence by TA Properties Sdn Bhd (subsidiary of TA Global Berhad) |
Freehold |
Condominium |
2008 |
877 sq ft – 3,946 sq ft |
From RM797,000 |
|
Binjai 8 Premium SOHO by UOA Group |
Freehold |
SoHo |
2013 |
753 sq ft – 1,785 sq ft |
From RM995,920 |
|
KL Trillion by Sim Lian Group Limited |
Freehold |
Serviced Residence |
2015 |
963 sq ft – 6,274 sq ft |
From RM1.5 million |
|
Three28 Tun Razak by IGB Corp Bhd |
Freehold |
Condominium |
2016 |
710 sq ft – 1,625 sq ft |
From RM838,000 |
|
Haute @ Gurney KL by Era Ecoland Sdn Bhd and Aset Kayamas Sdn Bhd |
Leasehold |
Condominium |
2019 |
1,003 sq ft – 1,862 sq ft |
From RM646,000 |
|
Isola KLCC by OCR Group |
Freehold |
Serviced Residence |
2021 |
680 sq ft – 3,080 sq ft |
From RM1.18 million |
|
Impression U-Thant by Yong Tai |
Freehold |
Condominium |
2021 |
782 sq ft – 1,632 sq ft (dual-key) |
From RM1.38 million |
|
Core Residence at TRX by Core Precious Development Sdn Bhd |
Freehold |
Serviced Residence |
2023 |
624 sq ft – 1,022 sq ft |
From RM1.44 million |
|
Conlay by Eastern & Oriental Bhd and Mitsui Fudosan Group |
Freehold |
Serviced Apartment |
2024 |
732 sq ft – 1,335 sq ft |
From RM1.46 million |
|
Agile Embassy Garden by Agile Group Holdings |
Freehold |
Serviced Apartment |
2024 |
554 sq ft – 1,005 sq ft |
From RM1.06 million |
Some of Paramount Property’s current developments include Atwater in Petaling Jaya, Berkeley Uptown in Klang, Greenwoods Salak Perdana in Sepang, Kemuning Idaman in Shah Alam, Sejati Lakeside in Cyberjaya, Sekitar26 Enterprise in Shah Alam, and Utropolis Glenmarie in Shah Alam.
It was reported in June 2021 that Paramount Property is selling 2 office buildings that are part of Atwater, in Section 13, Petaling Jaya, Both the buildings are were launched in January 2019, and are expected to be completed in the fourth quarter of 2022.
So, if you’re interested in a unit at The Atrium that’s priced at RM570,000, here are its estimated loan figures based on the PropertyGuru Home Loan Calculator and PropertyGuru Home Loan Eligibility and Affordability Calculator.
Want to find out your Debt Service Ratio (DSR)?
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* Assumptions: No other monthly debt obligations, and 30% of gross income will be spent on the housing loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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