Project: One Cochrane Residences @ Kuala Lumpur

MIPE Learning Platform > Project Briefs > Project: One Cochrane Residences @ Kuala Lumpur

Project: One Cochrane Residences @ Kuala Lumpur

BE ONE WITH TRENDY LIVING

Dwellin a serene sanctuary amid the excitement of the city. At One Cochrane Residences, you’re connected to everything the city has to offer, from MyTOWN to IKEA. It also neighbours the TunRazak Exchange (TRX), an upcoming international financial and business district and the Cochrane MRT station –all outside your doorstep.

So come home to a place where you can be one with the city and all the pleasures of a contemporary lifestyle.

Location

Strategically located at Jalan Cochrane just 4.2 km southeastfrom KL City Centre, the address lends more than its name for One Cochrane Residences.

– the location truly lets you be one with the city and trendy living.

Why One Cochrane Residence

One Cochrane Residence has the score of 86 out of 100 while Sunway Velocity TWO has 88 score out of 100 which both have not much different.

Competitor Analysis shows With a built-up between 926 and 1,227 sq ft, One Cochrane Residences will cost approximately RM950 per sq ft with unit prices starting from RM880,000. The entire development is primed as low-density residences made up of 448 units and only 5 to 7 units per floor spread across two 37 storey tower blocks. There will be 4 lifts serving each floor (excluding one dedicated service lift). Although the price PSF is slightly higher, the project does boast a freehold residential title. This feature is an added plus as most of the newly launched residential projects now invoke commercial titles due to land scarcity in Kuala Lumpur.

Source from: https://properly.com.my/one-cochrane-residences/#One_Cochrane_Residences_Property_Analysis

This freehold status renders into lower utilities, quit rent and assessment rates. Most pertinently, residents will enjoy lower maintenance fees too. Moreover, the neighbourhood enjoys the perks of being a close distance to various commercial components including banks, malls, schools, medical facilities, highways amongst others.

There have not been many new residential projects in the area to compare with, but the closest would be the first phase of Sunway Velocity TWO’s residential tower of 436 units, expected completion in 2022. It is a leasehold property with a built-up of 635-1,281 sq ft with a median sales price of RM570,000. Comparatively, Sunway Velocity TWO would be a cheaper option, however, the land title is commercial which may translate into higher utilities, quit rent and assessment rates as well as a higher density of 53 storeys. The commercial land title tenure is 95 years.

Source from: https://properly.com.my/one-cochrane-residences/#One_Cochrane_Residences_Property_Analysis