St Mary Residences, KLCC

St Mary Residences is a new serviced apartment development located meters away from KLCC. It is a joint venture development between E&O Property Development and Lion Group. It is located on the old site of St Mary School. It sits on a 4.04-acre freehold land. It comprises of three 28-storey apartments that house a total of 457 units. There are 4 layout types – Studio Suite, City Suite, Metro Suite and Rooftop Penthouse. Each unit is fitted with designer kitchen and appliances.

Tower C units at St Mary Residences are partially fitted, while Tower A units are fully fitted with ceiling fan, lighting, built-in wardrobe in all bedrooms, curtain pelmet and complete kitchen with built-in cabinets, kitchen island and branded appliances such as hood, hob, fridge, microwave oven, food disposal, washing machine and dryer.

Property Details

• Name: St. Mary Residences
• Address: Jalan Tengah, Kuala Lumpur
• Developer: E&O Property Development with Lion Group
• Completion Date: 2012 (estimate)
• Type: Condominium
• Tenure: Freehold
• No. of Blocks: 3
• No. of Storeys: 28
• No. of Units: 657
• Land Area: 4.04 acre
• Built-up: 1,131 – 6,769 sf
• Launch Price
  • Tower A
    • Aug 2009: RM1,202
    • Oct 2009: RM1,227
    • Nov 2009: RM1,239
    • Jan 2010: RM1,245
    • Apr 2010: RM1,294
    • May 2010: RM1,320
    • March 2011: RM1,357
  • Tower C
    • June 2009: RM942
    • July 2009: RM1,177
    • Apr 2010: RM1,208
    • March 2011: RM1,227

Layouts

• Studio Suite
  • 1 bedroom
  • 1,131 sf
• City Suite
  • 2+1 bedrooms
  • Type B1: 1,442 sf
  • Type B2: 1,614 sf
  • Type B3: 1,732 sf
  • Type B4: 1,560 sf
• Metro Suite
  • 3+1 bedrooms 2,249 sf
• Rooftop Penthouse
  • Type C1: 4,122 sf, 3+2 bedrooms
  • Type D1: 6,759 sf, 4+2 bedrooms

Facilities

• Swimming pool
• Wading pool
• Jacuzzi pavilion
• Clubhouse
• Gymnasium
• Fitness centre
• Children’s playground
• Function rooms
• Garden
• Water feature
• 24-our security
• Parking

Market Trends

Analysis

The initial phase of St Mary Residences, Phase 1 (Tower C) was very well received as the units were 80% sold within just 10 days after it was launched in June 2009. Most units were purchased by local property investors, looking forward to gain high rental yield from expatriates. St Mary Residences Phase 2 (Tower A) is targeted for foreign purchasers and it is promoted in Singapore, China, and Indonesia. As usual, great initial response is an indicator of a development success.

St Mary Residences is favored mainly because of its strategic location in the midst of KL city centre. Nestled in the heart of the Central Business District, this apartment is just minutes of walk away from night spots, fancy restaurants, bistros, prime shopping malls and office towers. Not only that, it offers iconic views of Petronas Twin Towers, KL Tower and Bukit Nanas Nature Reserve.

Without any doubt, St Mary Residences is full of potential. It is tagged at today’s latest apartments pricing range around RM1,300 psf, but comes with plenty of advantages. Besides residential, there will be 34,000 sf of retail space built in Tower A. The development is scheduled to be completed by 2012.