PETALING JAYA (June 5): OSK Property’s launch of its maiden Australian project Melbourne Square last weekend in Kuala Lumpur has received good response.
Open for sale exclusively for the Malaysian launch was the second residential tower of the development known as West Tower. The 52-storey West Tower comprises 477 apartment units with built-ups ranging from 49.4 sq m to 316.8 sq m (531 sq ft to 3,409 sq ft). Prices range from A$401,200 to A$5.8 million (RM1.29 million to RM18.64 million), or an average of A$11,000 per sq m.
The first residential tower, East Tower, offers 566 apartment units over a 69-storey block, carrying the same pricing and built-ups range.
“We were excited to launch Melbourne Square in Kuala Lumpur, our home ground, over the weekend. It received an overwhelming response whereby close to 1,000 people came and showed great interest in the project which ended with strong sales recorded.
“We were delighted to see so many buyers sharing our vision of what Melbourne Square has to offer that makes it truly different from other projects in Melbourne,” said OSK Group deputy group managing director Ong Ju Xing in a statement today.
The 5-acre project is the single-largest integrated development in Southbank, Melbourne and has a gross development value of RM9 billion. It is also located five minutes’ walk away from Crown Melbourne, Australia’s most vibrant entertainment centre.
Master-planned by multi-award-winning Cox Architecture, Phase 1 of Melbourne Square comprises 1,043 apartment units over two residential towers. Future stages of the projects will feature a hotel, a commercial office tower and apartment towers.
Ong added that Melbourne Square represents the developer’s long-term vision of building good quality developments that will complement the vision that Melbourne has in positioning itself as a major city in the world.
“We are thrilled to partner with the Employees Provident Fund on this transformative project and together, we aim to strengthen Malaysia’s brand name in that region,” he added.