st Mary Residences, CBD, KLCC (E&O Prop): Preview
There has been a vacuum of KLCC launches of late ever since the economy took a plunge worldwide. Developers have been extra vigilant in going into the market to launch new properties within KLCC what with the onslaught of many new supplies hence hurting price launches. Other than the launch of Setia Sky Residences near Jalan Tun Razak by SP Setia ( though not exactly KLCC), there has not been any big launches so when st Mary Residences was on the card, there was quite a buzz surrounding this development. st Mary Residences, by E&O Property Development (Dua Residences, Idamansara) with Lion Group (Twins Damansara Heights), is located at the site of the old St. Mary school (which has since shifted to Selayang) at Jalan Tengah. The land is owned by Lion Group who had bought the land way back in 1997.
I have yet to check out the showroom so this one will be on top of my list to check out when I’m back in KL. The prices for 1-bedroom starts at RM900k though already sold out on the day of launch. Early bird discount at 10 - 15% was quoted but according to the sales advisor, this has already lapsed. I will have more details once I get hold of it, but meanwhile, enjoy the photos after the jump.
August 11th, 2009 at 4:15 pm
Would like latest update on this project. Thanks!
August 26th, 2009 at 10:41 am
Hello Kit
Would like to know is there any smaller units for investment?
September 6th, 2009 at 5:20 pm
what is the selling price psf now?
September 16th, 2009 at 3:52 pm
studio suite face ING 1.1mil, KLCC view 1.3mil. quite attractive
November 28th, 2009 at 9:54 pm
I believe this project has great potential in capital appreciation. Great location since it is right in the middle of CBD and still within walking distance to KLCC. It makes more sense since this is where all the companies are located.
December 10th, 2009 at 8:23 pm
Definitely there is a great potential for capital appreciation for those who bought early. Not so sure about Phase 2 buyers where prices are breached over RM1000psf. Also another downer is that the 3rd block will be retained by the owners of the land and will be operated as serviced apartment - direct competition to those who intend to go in for rental gain.
December 24th, 2009 at 10:48 pm
Based on studies, the property in KL boomed abt 5yrs ago until the msian government declared a major investment in Iskandar project where foreign investors took part in it. Lots of investors turned their heads to this project and KL developers should start slashing prices in order to fill up the vacuum. Anyway, plans made for industries and other major companies to invest in Johor. So, ladies & gentlemen, by the power of Wawasan 2020, the developer in KL should consider slashing the properties.
April 13th, 2010 at 11:05 am
May i know more about the detail? Currently looking for the proprety but still at oversea. Can you send about the detail via e-mail?
April 13th, 2010 at 5:39 pm
2+1 city suite can sell how much?