St. Mary Residences - RM1,850,000.00

Date Posted: 31-01-2018 10:25 PM    Location: Jalan Tengah, Kuala Lumpur, WP Kuala Lumpur    Posted by: Ally    Views: 191 times
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Description

St Mary Residences

Property Details

Name : St. Mary Residences
Address : Jalan Tengah, Off Jalan Sultan Ismail, 50250
Property Type : Service Residence 
Completion : 2012
Tenure : Freehold
Developer : Lion Group and E&O Property Development Berhad
No. Of Blocks : 3
No. Of Floors : 28
Total Units : 657

Facilities

Clubhouse | Wading Pool and Jacuzzi Pavilion | Changing Room | Lap Pool | Water Feature | Visitors' Lobby | Retail Lobby | Meeting Room | Reception | Function Room | Children Room | Gymnasium | Waiting Lobby | Drop Off Area

Layout / Map
Refer to the uploaded photos

Accessibility Analysis

This table below shows the average travel times (by car)

PEAS/OFF-PEAK/EMPTY ROADS
Suria KLCC 12 mins/6 mins/4 mins
Kuala Lumpur City Centre Park 15 mins/7 mins/5 mins
EtonHouse Kuala Lumpur 16 mins/8 mins/6 mins
Bintang Walk 4 mins/2 mins/1 min
Menara Citibank 15 mins/7 mins/5 mins
PEAK: Monday 8.15am OFF-PEAK: Saturday 3.00pm EMPTY ROADS: Sunday 5.00am

Analysis

St Mary Residences is a joint venture development between Lion Group and E&O Property Development.

This serviced apartment complex is found near the old location of St Mary School, along the length of Jalan Tengah in Kuala Lumpur. This is built on 4.13 acres of freehold land and is composed of three blocks with 28 floors.
At the heart of St Mary is the 1.2-acre (52,200 sf) Central Park - a fully-turfed urban sanctuary (one of the best things) with manicured lawn flowing right to the edge of the swimming pool and specially commissioned gymnasium, fitness centre, children's playground and function rooms provide a residents' only Clubhouse.

This premier unit is tastefully done in a minimalist modern design to appeal to expatriates or professionals. It is equipped with state of the art kitchen appliances, a worktop, built in designer cabinets and exhaust hood.
It is fully furnished with stylish furniture and draperies. An air conditioning system is also installed to provide cool air during hot and humid nights. The unit comes with parking space at very good spot. Aside from this, this unit also offers residents a great view of the Petronas Twin Towers – the symbol of Malaysia, and the perfect skyline view every evening.

St Mary Residences has gained immense acceptance due to its great location. It is situated right in the center of KL. It is found right in the core of the Central Business District, placing a variety of night spots, prime shopping malls and bistros within walking distance. As for communal services for public transportation, monorail train is only stone throw away, which could connect communal to the largest national main central transportation hub (KL Sentral) which is just a few stations away, as has been always an added selling strategy.

Common facilities has maintained to great condition, thanks to the dedicated and experienced management team. On top of that, it definitely helps as one of the 3 blocks in this development is a 5 star hotel operator, to ensure facilities in the stage their guest can enjoy as well.

Demand has been great for both selling and renting market, the current low demand economy seems not really applicable to this development. Buyer should consider thoroughly to grab this development before the next round of price hike, some analysts predict that the next hike could occur as early as 2nd or 3rd quarter of 2018. Studio 1-bedroom unit surely a great choice for renting market, this unit has been renting non-stop since vacant possession, for your information.

* Could be a good investment for those renting out for cashflow
* E&O is as good as it gets when it comes to upmarket properties – you can’t really go wrong with them