Developed by Sin Kin Wan Group, one of the largest developers in Macau, Lot KL consists of five 35-storey residential buildings providing a total of 942 residential units scheduled for completion in mid-2009.  Located in the Pearl district, Macau’s emerging, well-planned residential area, the development is adjacent to the future Light Rail Station and the proposed landing point of Hong Kong-Zhuhai-Macau Bridge.  Notable residential projects in the locality include The Residencia Macau, La Cite and Villa de Mer. Sin Kin Wan Group has also appointed Jones Lang LaSalle as the Property Management Consultant for this development.

Tower I and Tower V of Lot KL comprise a total of 372 residential units and 372 car parking spaces, stretching a total residential  area of approximately 600,000 sq ft gross.  The residential units are all in three-bedroom layout, ranging in sizes from 1,582 to 1,603 sq ft.  The entire development will come with a clubhouse and commercial amenities.

Mr Jason Lee, Managing Director of The Carlyle Group and Head of Carlyle Asia Real Estate Group said, ‘We see favourable demand for high-quality residential properties from expatriates and local residents.  We will work closely with the developer to transform these two residential towers into upper-end residences. Our first step is to enlist an international interior designer to refine and enhance the layout and finishes of the residential units as well as the clubhouse and other common facilities.’

Commenting on the transaction, Jones Lang LaSalle’s Macau Managing Director, Mr Gregory Ku said, ‘We are honoured to have the opportunity to facilitate and witness this landmark residential investment transaction in Macau between one of the world’s largest private investment companies and one of Macau’s largest developers.  This significant deal also reflects international investors’ optimism about Macau’s residential market and outlook in 2009 and beyond.  This will be the case especially when the development of the Cotai Strip becomes more mature.’