OCR holds Awards Appreciation Night

Awarded numerous prestigious awards for its construction and property projects in 2016 and 2017.

15 December, KUALA LUMPUR – OCR Group of Companies has today hosted an Awards Appreciation Night, inviting the management team, suppliers, buyers, media, as well as the public to celebrate. The event was held at Flexus Signature Suites @ Jalan Kuching (“Flexus”), an iconic development project by OCR Land Holdings Sdn Bhd, the major shareholder of OCR Group Berhad.

With a gross development value (“GDV”) of RM147 million, Flexus @ Jalan Kuching is a freehold signature suite comprising 286 units that range from 451 sq.ft. to 981 sq.ft.. It entails 20 storeys of retail and signature suites, with facilities such as a fully-equipped Fitness Area, Swimming Pool, Pool Terrace linked with a spa, Changing Rooms, and Multi-Purpose Function Hall/Meeting Rooms. One of its unique selling points is the rooftop landscape garden that adds an element of nature and a sky lounge that offers the KL cityscape as a panoramic backdrop.

The starting price of a Flexus unit stands at RM467,920. The project is located at a prime area, with its potential value appreciation expected to be driven by its strategic location – surrounded by various mega projects such as KL Metropolis, seamless accessibility and convenient amenities around the mature neighbourhood.

OCR Managing Director Billy Ong Kah Hoe said: “2016/2017 was a remarkable year for OCR. The Company has generated high returns for investors in the year-to-date period and has potential to exceed expectations next year. Besides that, we are thrilled with the awards that have been awarded to us in these 2 years, which include:

1. Noble Excellence Awards 2016 – Central Best Development of the Year Residential High-Rise for its Boulevard Residence project and Central Best Development of the Year Residential Landed for Canary Residence (Gated & guarded town villa with clubhouse facilities in Cheras Hartamas with top of the line security system)
2. iProperty People’s Choice Awards 2016 – Best Emerging Developer
3. Dot Property Malaysia Awards 2017 – Best Boutique Developer for Flexus Signature Suites @ Jalan Kuching project,
4. IProperty Development Excellence Awards 2017 – Best Luxury High-Rise Development for Isola @ KLCC project.”

“Today’s event is mainly to showcase all the achievements that OCR has made in these two years, establishing their commitment towards generating sustainable shareholders’ return. Despite challenging market conditions and uncertainties that impact the industry, the Company has successfully maintained its focus on improving efficiencies, expanding product offerings, as well as enhancing its position as one of the leading industry players. The awards received are a testament to our ability to execute the projects,” Ong added.

“I would like to also extend my deepest appreciation to the people, whose unwavering support has brought OCR to where it is today. Moving forward, OCR holds many promising prospects, with significant earnings visibility in the coming financial year. The Group had recently launched a new project, namely Isola @ KLCC, which has a take-up rate of 80%. With our steadfast strategy for capturing opportunities, we are confident that the continuous growth will take the Company to greater heights,” Ong said.

OCR has a total 104 acres of land bank, spanning across the Klang Valley, Kuantan and Melaka, at an estimated total GDV of RM870 million. OCR is currently working on PR1MA Melaka (RM101 million), PR1MA Bukit Jalil (RM155 million), PPA1M Putrajaya (RM324 million) and Tiara Bangi Homes (RM90 million). As for OCR’s upcoming property development, OCR is working on PRIYA Scheme at RM166 million GDV, a Kuantan project at RM330 million GDV and a Malacca project at RM134 million GDV.

 

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