St John Woods Residence (pictured), a 48-unit, 33-storey luxury apartment development in Kuala Lumpur, has been launched today. Meanwhile, a private preview is set for 23 February 2012 at the Hilton Singapore.
Named after the famous St John’s Institution at Jalan Bukit Nanas, the new development is conveniently located off Jalan Raja Chulan near Bursa Malaysia, Menara Olympia, Istana Pahang and Menara Maybank.
It offers three-plus-one-bedroom units with a built-up area of 3,660 sq ft each, and four-plus-one-bedroom units at 4,489 sq ft each. The units are housed in a single tower with the East and West wings offering only one unit per floor and served by two sets of private lifts.
“St John Woods Residence offers high quality product at a competitive price which suits both end users and investor purchasers,” said David Neubronner, Head of Singapore Residential Project Sales at Jones Lang LaSalle (JLL).
“Given the additional buyer’s stamp duty measures imposed by the Singapore government in December 2011 on Singapore property purchases; there is a push factor which encourages high-net-worth Singaporeans to consider investing in overseas properties.”
He added that Kuala Lumpur is a familiar city to many Singaporeans and Malaysia is “considered a safe investment destination with potential for capital growth.”
Developed by AM-EL Group, the developer is a diversified business entity with close to 30 years of experience in property development.
Selling prices start from S$1.16 million, which translates to around S$331 psf.
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