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New project in Ampang Hilir, Kuala Lumpur, by Alfranko Development Sdn Bhd.
| Property type | Condominium (Highrise, Residential) |
|---|---|
| Unit size | 686 - 1775 sqft |
| Bedrooms | 1 - 3 |
| Total units | 395 |
| Land area | 1.15 Acre |
| Maintenance fee | RM 0.66 per sqft included 10% sinking fund |
| Developer | Alfranko Development Sdn Bhd |
| Developer license no. | 13532/07-2030/0326(R) |
| Advertising permit no. | 13532-1/07-2023/1784(R)-(S) |
| Schedule type | Schedule H |
| Construction period | 36 months + 12 months |
Novo Reserve is a completed freehold serviced-apartment tower on Jalan Ampang / Ampang Hilir, Kuala Lumpur — the embassy belt — by the Europe-based Alfranko Group. Marketed as the final, premium release of the landmark and about 3km from the Petronas Twin Towers, the 395-unit tower is priced from RM1,141,800.
Connectivity & Location
LRT Jelatek (KJ6) is 871m straight-line, with Great Eastern Mall 278m and Gleneagles Kuala Lumpur hospital 150m straight-line — genuine walk-to-amenities in a prestigious pocket. Libyan School sits 135m, reflecting the international/diplomatic character of the area.
Layouts & Living
Units run 686 to 1,775 sqft across 1 to 3 bedrooms, a low-density 395 units on 1.15 acres. Completed in 2023, so you inspect the finished unit and lobby. Maintenance is quoted at RM0.66 psf (including 10% sinking fund) — on the higher side — and the project is HDA-governed. Indicative repayment from about RM4,737/month (90% loan, 35 years, ~4.3% p.a. — actual depends on your loan profile).
The Sifu View
The honest appeal is a freehold, low-density address on the embassy stretch of Jalan Ampang, walkable to a mall and Gleneagles, with a diplomatic-expat tenant catchment on the doorstep — real fundamentals for premium own-stay or letting. But price it consciously: from RM1,141,800 this is a premium ticket, the maintenance rate of RM0.66 psf means a meaningful monthly holding cost, and nearest rail is ~870m (walkable but not at the door). The card has no same-site median here, so benchmark against nearby completed Ampang Hilir projects, and check real achieved expat rents rather than projections.
Key Features