Archives For Orion

Orion, Tun Razak

January 19, 2014 — 4 Comments

The Orion, freehold condominium developed by Swasta Setia, is located on Jalan Tun Razak – and so it’s not strictly a “KLCC condominium”. Nevertheless it’s quite close to the KLCC enclave (3km from the Petronas Jagung Towers according to Sergey’s and Larry’s map), and the fact that it shares the same name of our favorite Metallica instrumental gives it a special place in our roster of reviews here. 🙂

Click here
if you are looking for the latest classifieds for the Orion culled from major property portals.

The Orion is composed of 202 residential units in its 36 storeys, and with three layouts to choose from. These are standard units, penthouse units, and duplex units. Standard layouts comprise of either 1+1, 2+1, and 3+1 bedrooms. Their sizes start from 1,161 square feet to 1,629 square feet. On the other hand, penthouses and duplexes are measured from 3,335 square feet to 4,558 square feet.

Orion on Jalan Tun Razak

Orion on Jalan Tun Razak is on the “fringe” of the KLCC enclave, and is not seen to be as central as the others

There is a covered parking bay that consists of seven levels. It has a total of 506 parking spaces. A breezeway occupies two levels, and 27 levels of residential units. Each level houses a total of eight units. Its units provide either a Taman Tasik Titiwangsa view or the city centre. Facilities-wise, there’s nothing much to shout about, really.

There is a swimming pool and a small driving range for golf enthusiasts. Also available are a squash court, a gymnasium, a Jacuzzi, and a jogging track to keep residents fit. Pretty bog standard stuff.

Orion KLCC Prices: Good Value For Money… ?

Orion KLCC

The Orion on a rainy day, as seen from Jalan Tun Razak

The Orion condominium has been known to be one of the better-valued condominiums that are located in the centre of Kuala Lumpur. Prices have been hovering around RM500 PSF for some time (equivalent to an older Mont Kiara condominium) – the launch price was around RM300+ PSF. We were told that Orion was popular with doctors because of its proximity to the National Heart Institute (IJN).

To compare it with newer, better-located condominiums in the KLCC enclave would not be appropriate because frankly, nobody would have The Orion and a place like The Binjai or the Ampersand in the same consideration set. Setia Sky Residences might be a more useful comparison (it’s just right next door), but then again these are two markedly different properties with entirely different pricing segments (RM1,000 PSF is the norm for Setia Sky Residences – click here for a review).

Below is a trending chart of asking prices for the Orion for the past few months. Do note that these are asking prices which may differ from the actual transacted prices which offer a more accurate estimation of the property’s true market value. The data below however is a good indication of the pricing trend since the asking prices are heavily correlated to the transacted prices (although there is a time lag).

Data source: GoodPlace Pricing Tracker

SIDENOTE: For a guide on how to come up with a meaningful comparison for pricing purposes, click here.

What to Expect in Tun Razak Area

While we like to keep our attention and interest fixated on the KLCC area, there are, admittedly, a lot of attractions near the Jalan Tun Razak area. Art enthusiasts may enjoy the condominium’s location as it is close to the Istana Budaya and National Art Gallery. Schools are also abundant in the area, a benefit most families can take advantage of. French International School Alliance Francaise is just near The Orion. SAL College is just a mere stone’s throw away. Government schools that are nearby also include SRJK Jalan Fletcher, SMK Seri Titiwangsa, and SMK Puteri Titiwangsa.

Hospitals are also within walking and short driving distance. The National Heart Institute, General Hospital, and Hospital Pusrawi are all located across Jalan Tun Razak. The National Library is also nearby. Sports enthusiasts will definitely enjoy the condominium’s location as the Titiwangsa Sports Complex and Taman Tasik Titiwangsa are just within five minutes via private transport.

Orion, Tun Razak

At the gates of the Orion condominium on Jalan Tun Razak

Since it’s on Jalan Tun Razak, it’s easy to drive around from the condominium because its location is highly accessible. KLCC can be reached within five minutes sans traffic jams. Putrajaya is only 20 minutes away. Bangsar can be reached in eight minutes, and Damansara Heights within 10 minutes. When going to Sg Besi, one can use the SMART Tunnel for easier and quicker access. Going to Ampang is easy via Ampang Kuala Lumpur Elevated Highway which will take you five minutes. KL-Putrajaya Highway can also be taken for KLIA, Cyberjaya, and Putrajaya destinations.

One has to be wary of Jalan Tun Razak — it is considered as one of Kuala Lumpur’s busiest roads. Expect heavy traffic, congested roads, and noise pollution should you want to consider living at the Orion. Other than this, The Orion is indeed reasonably-priced and its facilities can still be at par with other high-density condominiums located in KLCC which often have higher prices.

Walkability

Despite being in the city, Orion tenants will still need to drive out to reach most amenities, and while Jalan Tun Razak is notorious for traffic stand still during peak hours, we were told that there are “alternative routes” which beat traffic jams. Walkability, however, is sub par compared to condominiums which are in the KLCC enclave “proper”. Orion’s GoodPlace Walkability Score (GWS) is 71 (on a scale from 0 to 100, with 100 being the best) – above average in total, but perhaps a little lower compared to its KLCC peers. For more information on walkability (and to download a free Walkability map of KLCC), click here.

Use our interactive map below to check where the closest amenities to the Orion condominium are along the Jalan Tun Razak area.
[poiautomap address=”The Orion Jalan Tun Razak Kampung Baru Kuala Lumpur Federal Territory of Kuala Lumpur” zoom=”15″]Orion[/poiautomap]

Insider Gossips!

Compiled below is a collection of what we call “insider gossips” – nuggets of insights and information from people who are familiar with the property. Accuracy of these “gossips” is not verified, and so we are not responsible for any losses incurred from anyone who makes investment decisions based on this information. If you do not agree with this condition, do not “unlock” the section below. Thank you for understanding.

[to_like id=”1377″]

[/to_like]

Our Verdict

We like The Orion because the low-ish price points and the wide range of spaces (from 1,000+ up until 4,500+ sq ft). While it is on Jalan Tun Razak, the fact that it’s located somewhat far from an LRT station means that cars are a basic necessity, and we know that for expatriates the proximity to the LRTs is a major consideration factor. Apart from its rather accessible price points (which perhaps would appeal to expatriates who got their housing budgets cut from the economic slowdown!) the selling points of The Orion remain rather unclear.

[dc]T[/dc]he Orion, freehold condominium developed by Swasta Setia, is located on Jalan Tun Razak - and so it's not strictly a "KLCC condominium". Nevertheless it's quite close to the KLCC enclave (3km from the Petronas Jagung Towers according to Sergey's and Larry's map), and the fact that it shares the same name of our favorite Metallica instrumental gives it a special place in our roster of reviews here. 🙂 [spotlight role="switch"]Click here[/spotlight] if you are looking for the latest classifieds for the Orion culled from major property portals. [spotlight role="target"][feature_box title="Listings For Orion Tun Razak" title_color="fff" header_color="F5BA47"][listing][/listing][/feature_box][/spotlight] The Orion is composed of 202 residential units in its 36 storeys, and with three layouts to choose from. These are standard units, penthouse units, and duplex units. Standard layouts comprise of either 1+1, 2+1, and 3+1 bedrooms. Their sizes start from 1,161 square feet to 1,629 square feet. On the other hand, penthouses and duplexes are measured from 3,335 square feet to 4,558 square feet. [caption id="attachment_1635" align="aligncenter" width="556"] Orion on Jalan Tun Razak is on the "fringe" of the KLCC enclave, and is not seen to be as central as the others[/caption] There is a covered parking bay that consists of seven levels. It has a total of 506 parking spaces. A breezeway occupies two levels, and 27 levels of residential units. Each level houses a total of eight units. Its units provide either a Taman Tasik Titiwangsa view or the city centre. Facilities-wise, there's nothing much to shout about, really. There is a swimming pool and a small driving range for golf enthusiasts. Also available are a squash court, a gymnasium, a Jacuzzi, and a jogging track to keep residents fit. Pretty bog standard stuff. Orion KLCC Prices: Good Value For Money... ? [caption id="attachment_1638" align="alignleft" width="338"] The Orion on a rainy day, as seen from Jalan Tun Razak[/caption] The Orion condominium has been known to be one of the better-valued condominiums that are located in the centre of Kuala Lumpur. Prices have been hovering around RM500 PSF for some time (equivalent to an older Mont Kiara condominium) - the launch price was around RM300+ PSF. We were told that Orion was popular with doctors because of its proximity to the National Heart Institute (IJN). To compare it with newer, better-located condominiums in the KLCC enclave would not be appropriate because frankly, nobody would have The Orion and a place like The Binjai or the Ampersand in the same consideration set. Setia Sky Residences might be a more useful comparison (it's just right next door), but then again these are two markedly different properties with entirely different pricing segments (RM1,000 PSF is the norm for Setia Sky Residences - click here for a review). Below is a trending chart of asking prices for the Orion for the past few months. Do note that these are asking prices which may differ from the actual transacted prices which offer a more accurate estimation of the property's true market value. The data below…

SherpaScore: Orion

Location
Design
Amenities
Yield
Developer Reputation
Value for Money

Good

Touted as one of the better valued options in Kuala Lumpur, Orion offers a fair game. Two features easily stands out - low density plus the attractively low pricing especially for a city condominium. We like Orion more than, say, Regalia. 🙂

User Rating: 2.6 ( 11 votes)
63

Also, potential buyers might feel persuaded to stretch their budgets and go for the Setia Sky Residences next door which seem to have a wider appeal (design, configuration, location and developer reputation). As one would expect, the pricing for Setia Sky Residences tend to be higher than Orion on a PSF basis.

Orion on Jalan Tun Razak

Our verdict? Orion may seem to offer good value for money, but its ROI might be questionable…

The lower asking price could also signify lack of interest (perhaps being dwarfed by its neighbours as we have stated above), and as such, there could be a couple of gems to be had – find these at bargain bin prices and you’re golden. 🙂 We do talk to agents from time to time to check if there are “insider” deals to be had, and we also compile these lists to share with our readers. If you’d like us to research for good Orion properties to be sold or to be rented, get in touch with us using the DealMatcher feature – click here.

Also, to find out what’s the “fair value” for Orion, use his simple guide which you can download below upon entering your name and email address.

klcc-hartanah