What’s New?
COBNB will serve as a co-property management partner focused on the duplex offerings in Tower M, Astrum Ampang’s most eagerly anticipated phase. In a move that sets this collaboration apart, COBNB will underwrite selected units and offer pre-arranged tenancy contracts—effectively delivering buyers a ready-to-rent unit the moment they sign.

This strategic rental assurance marks a major evolution in Astrum Ampang’s hospitality mix. “It’s more than property ownership—it’s turnkey investment,” said Dato Sri Ahmad Azizi, Setia Awan’s Head of Corporate Strategy & Performance. “COBNB’s involvement not only brings immediate value to buyers but reinforces confidence in Astrum Ampang’s long-term rental potential.”

Tower M’s prime location—just 150 metres from Jelatek LRT station—connects directly to KLCC and surrounding commercial districts, making it a magnet for digital nomads, young professionals, and city-based travelers. With integrated smart living features and flexible layouts, the duplex units are tailored for a new generation of urban dwellers.

Hospitality Meets Investment
COBNB, known for managing over 1,000 short-term rental properties across Malaysia, brings deep operational expertise and capital confidence to the table. Glenn Wong, Co-Founder and Managing Director of COBNB, called the partnership a future-ready hospitality play. “We’re offering investors peace of mind with tenancy-ready units in a location that has enduring short-stay demand,” he said.

Astrum Ampang’s value proposition is boosted further by Malaysia’s growing tourism sector—currently outpacing neighboring Thailand in visitor numbers. As government initiatives like the National Tourism Policy and Visit Malaysia 2026 ramp up, developments like Astrum Ampang are uniquely positioned to capitalize on the demand for short-term, well-connected lodging.

The new rental-ready model will be made available to investors via COBNB’s client network and selected internal sales channels. Both companies will co-host outreach campaigns including webinars and investor briefings to broaden awareness among both local and overseas buyers.

About Astrum Ampang
Located just 4km from Kuala Lumpur City Centre, Astrum Ampang is a 6.85-acre mixed-use TOD featuring studio SOHO units, SOHO Suites, and Serviced Residences. With direct LRT access, 62 facilities, and integrated lifestyle features like gyms, theatres, and commercial spaces, the project redefines modern city living. As of July 2025, it has achieved a 95% take-up rate. Learn more at www.astrumampang.com.

About Setia Awan
With over 30 years in property development, Setia Awan is a trusted name across Peninsular and East Malaysia. Known for delivering practical yet aspirational homes, the company maintains a strong presence in KL, Selangor, Melaka, and beyond. Visit www.setiaawan.com for more.

About COBNB Malaysia
COBNB is one of Malaysia’s top short-term rental operators, offering tech-driven property management solutions and investor support. With over 1,000 units under management, they provide short-stay hosting through platforms like Airbnb and Booking.com. Learn more at www.cobnb.com.my.

Source: PR Newswire

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