One Cochrane Residences

One Cochrane Residences is located 4.2km from the city centre and is superbly connected to the best essential amenities such as MyTOWN Shopping Centre and IKEA. The condominium also neighbours the Cochrane MRT station and Tun Razak Exchange (TRX), an upcoming international financial and business district.

This development is exclusively brought by Mutiara Rini Sdn Bhd, a distinct developer and subsidiary of Boustead Holdings Berhad, with numerous local and regional property awards for some of their past projects such as the Mutiara Damansara township, amongst others.

One Cochrane Residences Location

One Cochrane Residences is an ideal serene sanctuary amidst the perks of convenient distance to various exciting commercial lifestyle components such as MyTown Shopping Centre and IKEA Cheras, amongst a few. These two malls have proven strong visitorship with millions of footfalls captured on weekends as people from all walks of lives throng to shop and dine.

With the increasing population over the years in Cheras, majority of the residents that live within the Cochrane area are working adults or first-time home buyers, followed by families that have grown up in the comfort of the vicinity. The ever-present traffic congestion issue is being speedily addressed with the advent of new roadworks projects. Several flyovers are well under construction or completed, one of which connects the Cochrane area to Jalan Tun Razak and the Mex Highway, providing easier access to the Kuala Lumpur City Centre. Even the once narrow Jalan Cochrane has also been upgraded and widened, solving several key traffic issues in the area.

Connectivity

One Cochrane Residences is strategically located at Jalan Cochrane which borders close proximity to Tun Razak Exchange (TRX) and KL City Central Business District. The proposed KL-Singapore High-Speed Rail (HSR) terminal in Bandar Malaysia which is expected to draw in the tourist and business travellers from other countries especially Singapore is also within minutes reach.

One of the best connectivity components is the MRT Cochrane underground station located just 260 metres across One Cochrane Residences. The station is primed to ferry up to 400,000 passengers at its daily peak. By using MRT, TRX is on the next stop station, while Bukit Bintang is only 2 stops away. Residents can easily commute to the city centre and other localities within Greater Klang Valley as the MRT is integrated with other rail modes such as the KTM, ERL, LRT and non-rail public transport modes. This results in time and cost savings, in fact, residents who work in the city may not even need to drive.

The development offers convenient commuting via several major highways that support the development such as the Maju Expressway (MEX), the SMART highway, DUKE Highway, the Ampang-Ulu Kelang Elevated Highway (AKLEH) and the main nerves of Jalan Tun Razak, Jalan Loke Yew, Jalan Sungai Besi and Jalan Kampung Pandan. In addition, the completion of the upcoming Sg Besi-Ulu Kelang Highway (SUKE) which will pass through the northern part of Cheras will further enhance accessibility to this area.

Convenience

Located just 3km from the renowned KL Golden Triangle and the Kuala Lumpur city centre, One Cochrane Residences is within closeby access to popular shopping hotspots such as MYTOWN Shopping Centre and IKEA. Mutiara Rini has built an underpass from the Cochrane MRT Station to the lower ground floor of MYTOWN Shopping Centre for the convenience of residents. Other retail hotspots within several minutes drive and public transport commute are the upmarket Suria KLCC, Pavilion Shopping Centre, Viva Shopping Mall, AEON Taman Maluri, Sunway Velocity and Avenue K. A trendy entertainment and nightlife hub, TREC KL situates at the fringes bordering Jalan Cochrane, while the famous KL Tower is just a few minutes away.

Another great advantage of One Cochrane Residences location is the close proximity, quick drive to major reputable healthcare hubs. Medical emergencies are within a 10-minute drive to Prince Court Medical Centre, Gleneagles Hospital, Beverly Wilshire Medical Centre KL, KPJ Ampang Puteri and Tung Shin Medical Centre.

National and international schools that are within nearby distance include SK Cochrane Perkasa, SMK Jalan Cochrane, Convent Jalan Peel Girls’ School, Sayfol International School, Alice Smith International Primary School, Taylor’s International School KL and the International School of Kuala Lumpur.

Below is the complete list of amenities within and around One Cochrane Residences:

Shopping

• IKEA (Cheras)
• MyTOWN Shopping Centre
• AEON Taman Maluri
• Berjaya Times Square
• Sungei Wang Plaza
• Lot 10
• Starhill Gallery
• Pavilion KL
• Suria KLCC
• Avenue K
• Great Eastern Mall

Healthcare facilities

• Prince Court Medical Centre
• Gleneagles Hospital
• Beverly Wilshire Medical Centre KL
• KPJ Ampang Puteri
• Tung Shin Medical Centre

Education

• SK Cochrane Perkasa
• SMK Jalan Cochrane
• Convent Jalan Peel Girls’ School
• Sayfol International School
• Alice Smith International Primary School
• Taylor’s International School KL
• International School of Kuala Lumpur

Intercity Roads & Highways

• Maju Expressway (MEX)
• SMART Highway
• DUKE Highway
• AKLEH Highway
• SUKE Highway
• Jalan Tun Razak
• Jalan Loke Yew
• Jalan Sungai Besi
• Jalan Kampung Pandan

Financial & Commercial Buildings

• Bank of China
• The Intermark
• Maxis Tower
• Standard Chartered
• Citibank
• AmBank
• Plaza OSK
• Menara ExxonMobil
• Menara Boustead
• Wisma Genting
• HSBC Bank
• Menara Public Bank

Embassies & High Commissions

• Singapore High Commission
• Embassy of The Socialist Republic of Vietnam
• Embassy of Japan
• US Embassy
• Embassy of The Federal Republic of Germany
• Embassy of Belgium
• Embassy of the People’s Republic of China
• Embassy of France
• British High Commission
• Australian High Commission

One Cochrane Residences Floor Plan

Built on a land area spanning 3.66 acres, One Cochrane Residences is a low-density residence with only 5 to 7 units per floor. Buyers can choose from 7 different unit sizes and layout options. This property is a twin 37 storey residential tower blocks. Upon completion, the residences will boast 448 spacious units with various sizes, (minimum unit size of between 926 sq.ft. and 980 sq.ft. whilst typical unit sizes range from 1,055 sq.ft. to 1,098 sq.ft.).Besides the typical floor plan, One Cochrane Residences also offers a unique dual-key concept (1,227 square feet). The dual-key concept offers owners the privacy of a separate entrance to one of the en-suite bathrooms. The following is an overview of all available unit types:

• Type 1R – 926 sq ft (2 rooms, 2 baths)
• Type 2R – 969 sq ft (2 rooms, 2 baths)
• Type 3R – 947 sq ft (1+1 rooms, 2 baths)
• Type 4R – 980 sq ft (1+1 rooms, 2 baths)
• Type 5R – 1,055 sq ft (2 rooms, 2 baths)
• Type 6R – 1,098 sq ft (2 rooms, 2 baths)
• Type 7R – 1,227 sq ft (3 rooms, 3 baths)

One Cochrane Residences Facilities and Amenities

The vision of One Cochrane Residences is to inhabit a sanctuary with unique mix of modern lifestyle settings spread across Four Levels. Hence, the provision for 25% dedicated lush greeneries will be developed at Three Levels i.e. Ground Level, Level P9 and the Roof top. Upon entering the Ground Level main entrance, residents will be welcomed by fascinating sunken garden and tree house. This level is also equipped with other purposeful functions such as pneumatic waste collection centre, service entrance, car wash bays, loading bay, management office, surau and a guard post. The Upper Ground Level houses a convenient store, a stylish visitor’s waiting lounge, a nursery, laundrette, mail room, lift lobbies for tower A and B as well as a drop-off zone.

Meanwhile, residents can enjoy awesome respite from a busy day at the refreshing swimming and wading pools, attractive floating lounge and a family jacuzzi at the Level P9. The fitness studio, outdoor fitness area, aqua gym and lounge provide good healthy workouts. The elegant garden dining space and barbeque terrace are nice places to spend quality time with family and friends. Other facilities on this level include a male and female changing rooms, a multipurpose hall, sauna, games room, children play area and 2 party rooms. Developer will build a link bridge from Level P9 to Tower A and B for easiest access to residents.

The roof top ambience offers an incredible view of the Kuala Lumpur skyline. Enjoy the sights and sounds of city living from the sky deck and cafe or simply get a sweaty workout at the outdoor fitness area. The meditation lawn offers an ideal escape to gather your thoughts and enjoy the serenity.

This condominium offers multi-tiered security system with access card control, 24-hour CCTV surveillance and trained security personnel. Other security features include video intercom from the residences to the guard house and vice-versa, video recognition technology for visitor registration, separate entry and exit points for residents and visitors, panic buttons at the master bedrooms and living rooms, as well as CCTV at the lift lobbies, designated floors and car park area. The complete range of facilities and amenities, as per view below:

Level G

• Main Entrance
• Guard House
• Sunken Garden
• Tree House
• Management Office
• Surau
• Loading & Unloading
• Car Washing Bays
• Pneumatic Waste Collection Centre
• Guard Post
• Service Entrance

Level UG

• Nursery
• Convenience Store & Laundrette
• Lift Lobby A
• Visitors’ Waiting Lounge
• Mail Room
• Lift Lobby B
• Drop-off
• LEVEL P9
• BBQ Terrace
• Lounge
• Wading Pool
• Family Jacuzzi
• Swimming Pool
• Floating Lounge
• Aqua Gym
• Garden Dining
• Party Room 1
• Male Changing Room
• Male Sauna
• Female Sauna
• Female Changing Room
• Gym
• Multi-purpose Hall
• Party Room 2
• Games Room
• Fitness Studio
• Creative Play Area
• Outdoor Fitness

Rooftop

• Outdoor Dining
• Cafe
• Sky Deck
• Outdoor Fitness
• Meditation Lawn

One Cochrane Residences Property Analysis

Target Market

Targeted at professionals, millennials, families and investors, One Cochrane Residences embraces the excellent potential for capital appreciation due to its strategic location in the heart of Kuala Lumpur city. This property, being merely 4.2km from the city centre, has abundant exciting perks within convenient distance of various commercial components including shopping malls, learning institutions, financial hubs, medical facilities, major intercity highways and public transportation modes. These accessibilities are influential decision-making for growing families who prefer having near distance access to everything around them.

This development would highly appeal to prospective investment buyers due to its ideal connectivity for tenants who prefer commuting with public transportation, cycling and walking on foot. Rental is also expected to be within affordable means for prospective tenants, while owners could secure long-term yield. There is also an opportunity for prospective buyers to consider renting out their units at online accommodation platforms due to its current surging popularity. With easy access to virtually anywhere in Klang Valley via public transportation, this seems like a vastly profitable option.

Competitor Analysis

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.

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.

One Cochrane Residences Developer – Mutiara Rini Sdn Bhd

One Cochrane Residences is the newest development by Mutiara Rini Sdn Bhd, a subsidiary of the prominent Boustead Group which has an active interest in six primary sectors namely plantations, property, finance & investment, pharmaceutical, trading & industrial and heavy industries. Under its property sector, the Group has delivered award-winning projects such as Mutiara Damansara, Mutiara Rini in Skudai and Mutiara Hills in Semenyih. The Group has won several numerous local and regional property awards and has been ranked as one of Malaysia’s Top Ten Developers by The Edge Publisher.

Summary

Many home buyers/investors are impressed by the strategic location – the city centre a mere 15-minute drive away and prime neighbourhoods of KLCC and Bukit Bintang are within 5km radius. The nearby Cochrane MRT Station is a huge plus for easy commute to work and leisurely lifestyle within the city. In modern times where convenience is an asset, millennials home buyers/investors will want to work and live closer to the city, hence developments located nearby LRT/MRT stations, malls and F&B outlets will generate greater interest demand. One Cochrane Residences fits all the convenience and connectivity pleasures of holistic contemporary lifestyle with its cosy residences, complemented by exciting facilities. The valuation of this project has a potential upward fee, though not cheap in relative purchase pricing but is worthy in every sense of a cost-saving yet vibrant living experience.