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St John Woods Residence, Kuala Lumpur
SINGAPORE, 20 February 2012 – Jones Lang LaSalle announced today the launch of St John Woods Residence Kuala Lumpur, a luxury, high rise development offering 48 apartments in a 33 storey tower.
St John Woods Residence, named after the famous St John’s Institution at Jalan Bukit Nanas, is conveniently located off Jalan Raja Chulan, in the neighbourhood of BursaMalaysia, Istana Pahang, Menara Maybank and Menara Olympia. The project benefits from an expansive vista over the greenery at Bukit Nanas Forest Reserve, the oldest rainforest in Kuala Lumpur city.
The entire development is comprised of a single tower with east and west wings offering only 1 apartment per floor on each wing, served by 2 sets of private lifts, and are exquisitely appointed and finished with marble and timber floors. The apartment configurations are 3+1 bedroom/s of 3,660 sq ft and 4+1 bedroom/s of 4,489 sq ft. Luxury facilities include an infinity edge pool with views of KL and PetronasTwinTowers.
David Neubronner, Head of Singapore Residential Project Sales at Jones Lang LaSalle commented that “St John Woods Residence offers high quality product at a competitive price which suits both end users and investor purchasers. The current market rent for such an apartment is around RM 3.50 psf per month, which will give the investor a gross yield of 5% plus p.a. Given the additional buyers stamp duty measures imposed by the Singapore government in December 2011 on Singapore property purchases, there is a push factor which encourages high networth Singaporeans to consider investing in overseas properties.”
Mr Neubronner added that “Kuala Lumpur is a familiar city to many Singaporeans and Malaysia is considered a safe investment destination with potential for capital growth.”
Given the Malaysian government’s commitment to invest heavily in domestic infrastructure and a concerted effort to attract more foreign direct investments, Malaysia’s economy is expected to remain resilient and growth steady and sustainable.
St John Woods Residence is developed by AM-EL Group, a diversified business entity with close to 30 years of experience in property development. Some of the notable projects by AM-EL Group include Merc Residence in Kuala Lumpur, Crystal Prestige Condominium 1 and 2 in Penang, Dataran Pahlawan Shopping Complex in Malacca and CrystalCreek at Maxwell Hill, Taiping.
Selling price for St John Woods Residence starts from RM 2.8 million (S$ 1.16 million), or RM 800 psf (S$ 331).
A private preview will be held on Thursday, 23 February 2012 at the Hilton Singapore.
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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.7 billion of assets under management.
Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 22,000 employees operating in 78 offices in 14 countries across the region. The firm was named the Best Property Consultancy in Asia Pacific at 'The Asia Pacific Property Awards 2011 in association with Bloomberg Television'. For further information, please visit our website, www.ap.joneslanglasalle.com
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