In less than two hours during a recent sales preview, eager purchasers snapped up 90 percent of the available units at Tan & Tan Developments Bhd’s latest project, One Jelatek, leaving behind o

According to the company’s group marketing general manager Kevin Kuok, “One Jelatek is probably the most stylish, sophisticated, chic and exciting property you can find in the Jelatek area”.

The 20-storey development is fashionably low-density and sits on a 0.75 acre pocket of freehold land, just a few minutes away from Kuala Lumpur City Centre (KLCC) and the Ampang neighbourhood. In the vicinity, there is Ampang Point, Great Eastern Mall, The Amp Walk and Gleneagles Intan Medical Centre. Several international schools, such as Sayfol, ISKL and Sri Utama are close by, and numerous embassies are just a 10-minute drive away. One Jelatek is well-connected to the rest of Klang Valley via Jalan Ampang, the Middle Ring Road 2 (MRR2), the Ampang Elevated Highway and the SMART Tunnel and two Putra light rail transit (LRT) stations.

Built-up areas of One Jelatek’s standard units range from 1,327 to 1,649 sq ft, with one bedroom and study, two bedrooms and study, as well as three-bedroom configurations. Units were sold at an average price of RM420 per sq ft (psf).

“The units come with high quality finishes and fittings - split unit air-conditioning, tempered glass panels with swing doors at the shower areas, built-in kitchen cabinets and solid timber flooring in the bedrooms” said Kuok.

Over the years, Tan & Tan has established itself as a leading property developer in luxury high-end residences in and around the city, with several prominent projects such as Hampshire Park, U-Thant Residence, Cendana, Sierramas and Desa Kudalari in its portfolio. Tan & Tan is also the developer behind the highly successful Seri Maya development, adjacent to One Jelatek.

“Seri Maya has a 50:50 owner and tenant occupied ratio. It currently enjoys an attractive yield of 9 percent per annum and we would expect One Jelatek’s yield to equal that of Seri Maya’s yield,” said Kuok. “One Jelatek if upper market, lower density and with more sophisticated features”. The development is also an appealing choice for MM2H (Malaysia, My Second Home) applicants, if the popularity of Seri Maya among foreigners is anything to go by.

Buyers who did not manage to purchase a unit at One Jelatek can look forward to more new launches in Kuala Lumpur by the developer next year.