St. Mary Residences is a prestigious condominium development located in the heart of Kuala Lumpur, Malaysia.

Here are the key project details:

Overview

Location: Situated in the vibrant Golden Triangle area of Kuala Lumpur, close to major attractions such as the Petronas Twin Towers, Bukit Bintang shopping district, and various dining options.
Type: Freehold luxury serviced apartments.

Development Details

Developer: St. Mary Residences is developed by a reputable property developer known for creating high-end residential projects.
Completion Date: The project was completed in 2016.

Architectural Features

Design: The development features a contemporary design with sleek lines and modern finishes, offering a blend of elegance and functionality.
Units: It comprises multiple towers with a total of approximately 440 residential units. The unit sizes range from around 1,131 sq ft to larger penthouse options.

Amenities

Sky Lounge: An exclusive amenity featuring an infinity pool, fitness center, and sky garden with panoramic views of the city.
Recreational Facilities: Includes a children’s play area, landscaped gardens, and multi-purpose rooms for events and gatherings.
Security: 24-hour security with controlled access to ensure residents’ safety and privacy.

Investment Potential

Market Appeal: Due to its prime location and luxury offerings, St. Mary Residences appeals to both local and expatriate tenants, making it a desirable investment option.
Rental Yields: The development boasts competitive rental yields, further enhancing its attractiveness for investors.

1. Transaction Prices

Recent transaction prices range from approximately RM1,380,000 to RM2,520,000[10].
Price per square foot ranges from RM860 to RM1,617[9].
Some specific recent transactions include:
- 1,464 sq ft unit sold for RM1,750,000 in December 2017
- 1,464 sq ft unit sold for RM1,600,000 in November 2017
- 1,141 sq ft unit sold for RM1,380,000 in September 2017
- 1,765 sq ft unit sold for RM2,520,000 in September 2017[10]
The average price per square foot is around RM955[1].

2. Rental Prices

Rental prices range from approximately RM4,300 to RM14,000 per month[3].
Some specific rental listings include:
- 1,131 sq ft unit for RM4,300/month
- 1,442 sq ft unit for RM6,500/month
- 2,249 sq ft unit for RM14,000/month
The implied rental yield is around 5.26%[1].

3. Market Analysis

St Mary Residences remains a popular luxury condominium development in the KLCC area.
There is still strong demand, especially from Western and Japanese tenants[2].
However, the overall property market has softened somewhat in recent years:
- Some owners are eager to sell, even at below market prices, due to economic concerns[4].
- Rental demand has decreased, especially from the oil & gas industry[4].
The development’s prime location near shopping malls and public transit helps maintain its value[1][2].
Units range from 1,131 sq ft to 6,769 sq ft, with various layouts available[1].

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