OCR Land Holdings Sdn Bhd
OCR Land Holdings Sdn Bhd, formerly Ong Chong Realty Sdn Bhd, has been a low-key developer since its establishment almost 27 years ago. It hardly made news until it emerged in 2014 as a substantial shareholder in the then loss-making Takaso Resources Bhd — public-listed manufacturer and exporter of rubber and baby products.
Takaso Resources was subsequently renamed O&C Resources Bhd and it diversified into the construction and property sectors to boost its earnings.
Sales and marketing director Emily Ong says OCR Land has gained experience in developing different types of properties — industrial, commercial, landed and high-rise — since its establishment.
The company brands itself as a boutique developer and its focus has been pocket-sized developments in the Klang Valley, especially Petaling Jaya. However, Emily says the company is looking to venture into township developments. Its landbank has grown to 46 acres, with a total gross development value (GDV) of RM2.3 billion, across the country.
“While we are going for township projects, we still want to keep our identity as a boutique developer,” she says. “We are now only in the Klang Valley, but we don’t limit ourselves. We have land in Melaka, Kuantan and Johor.”
She says one of the projects will be a mixed-use development in Melaka, which will adopt an eco-tourism concept. It will be rolled out in three years’ time but she declines to give more information.
Humble beginning
OCR Land was founded by chairman Dr Ong Kim Chong in 1989 as a property holding company. It officially ventured into property development in 2001 with the launch of the 53-unit Dahlia Villa near Bandar Utama.
Kim Chong, who is Emily’s father, is a former lecturer at the Science Faculty of Universiti Malaya. He obtained his doctorate in microbiology from the University of Bath, the UK.
Apart from Emily, Kim Chong’s other children are also involved in the family business, including managing director Billy Ong and project development director Kevin Ong.
To date, OCR Land has developed at least 15 projects with a total GDV of more than RM630 million. Among the completed residential projects are Casa Utama Townhouses, Beverly Residence, Eastwood Terrace, Chestwood Terrace 1 and 2 as well as Westwood Terrace 1 and 2.
One of its notable luxury residential projects is the gated and guarded Palm Reserve in Damansara Jaya, which was launched in 2009 and completed in 2011. This project comprises 3-storey semi-detached houses and bungalows with clubhouse facilities.
Then, OCR Land gradually ventured out of its comfort zone to undertake projects in Petaling Jaya as well as other types of developments, including high-rises such as the freehold Residence 8 (308 dual-key units) on Jalan Klang Lama, in 2008.
Another completed high-rise project is Boulevard Residence in PJU 6A, Damansara. Launched in 2011, the 2.3-acre project comprises two blocks with 300 residential units. Both projects are fully sold.
OCR Land has also developed a commercial project in Kelana Jaya — a small office/home office block called PJ5 SoHo. Launched in 2009, it comprises 136 SoHo units with facilities such as a swimming pool, sauna and gymnasium. The units are fully sold.
The developer’s ongoing project is Flexus @ Jalan Kuching, which offers 286 SoHo units with built-ups of between 451 and 981 sq ft. Launched in 2014, it is scheduled to be completed by 2019.
Coming up next is a mixed-use development called The Pano on Jalan Ipoh Batu 3, Kuala Lumpur. It is slated to be launched by the end of September.
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