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St Mary Residences' Tower A achieves 25% take-up rate in four days

KUALA LUMPUR: The second phase of Eastern & Oriental Bhd’s (E&O) St Mary Residences, Tower A, achieved a take-up rate of 25% following its launch on Oct 1, said the company. E&O also said that there was a substantial number potential buyers registering interest in the second phase of the project, and who are expected to place their bookings soon.

“Thus far, Tower A purchasers are from Malaysia, Singapore and Hong Kong,” said E&O’s general manager of marketing and sales, Lim Hooi Yen.

“We are positioning Tower A for the regional market, for those who wish to own a slice of upmarket KLCC property, via a series of marketing road shows overseas. We expect the composition of buyers to expand as we progress,” Lim added.

Tower A of St Mary Residences comprises a 28-storey block totalling 288 units.

There are rooftop penthouses with built-ups of 6,000 sq ft, as well as 2- and 3-bedroom suites sized between 1,453 and 2,260 sq ft in addition to 1-bedroom suites sized at 1,135 sq ft.

The units are priced from RM1.1 million.

There is also a 2-storey retail annexe with bistros and wellness spas.

St Mary Residences is located at the core of Kuala Lumpur’s central business district (CDB) along Jalan Sultan Ismail, Jalan P Ramlee and Jalan Tengah.

It is a joint-venture development between E&O and Lion Industries Corp Bhd. Tower C, which is the first phase, was soft-launched in June and achieved a take-up rate of 80% within a month. The average selling price was RM1,000 psf.

With a gross development value of RM1 billion, it rests on the former St Mary’s School site and is due for completion in June 2012. The 1.2-acre freehold development features three towers of 28-storey serviced apartments totalling 657 units.

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