Novo Reserve, Ampang Hilir: A Freehold Embassy-Row Residence by Alfranko

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

• Type: Serviced Residence
• Developer: Alfranko Group
• Tenure: Freehold
• Total Units: 395 (on 1.15 acres)
• Built-up: 686 – 1,775 sqft (1 – 3 bedrooms)
• Price from: RM1,141,800 · Maintenance RM0.66 psf (incl. sinking fund)
• Status: Completed (2023)
• Nearest rail: LRT Jelatek (KJ6), 871m straight-line

• Gymnasium
• Multi Purpose Hall
• Sauna
• Jacuzzi
• Laundry