MORE THAN 70% OF 505 RESIDENTIAL UNITS SOLD AT AVERAGE SELLING PRICE OF RM1,100psf
BY Douglas Lee
Park Regent, ParkCity’s joint venture development with CapitaLand, achieved strong sales at its priority launch in Kuala Lumpur late last month.
As at July 28, more than 70% of the 505 residential units on offer at the project were sold at an average selling price of RM1,1000psf.
Located in the popular Desa ParkCity township, Park Regent is a high-rise project offering six apartment types, ranging between one-bedroom units and four-bedroom units. The development is scheduled for completion in 2023.
“Desa ParkCity is currently home to an international community of approximately 16,000 residents. About 80% of these are Malaysians, while the balance is made up of a wide array of nationalities and expatriates,” said Group CEO of ParkCity Group Datuk Joseph Lau.
“Park Regent reflects ParkCity and CapitaLand’s commitment to creating differentiated products that suit the needs of customers. It is by far the most prestigious development in Desa Park City; it raises the benchmark for the residential properties here. By listening to our buyers and loyalists, we crafted a product that would meet their expectations, and as a result, defied market trends by successfully launching Park Regent in a soft property market,” he said.
Chief executive officer of CapitaLand Singapore, Malaysia & Indonesia (Residential & Retail) Ronald Tay said the company is very encouraged by the positive response to Park Regent.
“The keen interest from home buyers attests to the attractive qualities of Park Regent — well-designed; excellently located within one of the most coveted neighbourhoods in Malaysia’s capital; and supported by a host of community amenities and green spaces. We are confident that Park Regent will continue to see strong sales interest both locally and internationally,” he said.
Units at Park Regent start from RM860,000, and apartment sizes range from 872sq ft for a one-bedroom apartment to 4,887sq ft for a spacious four-bedroom apartment. A total of 80% of Part Regent buyers are locals, while other buyers include expatriates.
The project is situated on a prime parcel within Desa ParkCity, which was recently accorded the prestigious Gold Winner of FIABCI World Prix d’Excellence Award 2019 under the Master Plan category recently.
Overlooking a scenic lake, the two-tower residential development is centrally situated within the township, close to dining and retail outlets as well as international schools, making it an ideal address for families and individuals alike.
Kuala Lumpur City Centre (KLCC), Petronas Twin Towers and the city’s new business district, Tun Razak Exchange, are a short drive away.
The project offers tranquil green surroundings as well as facilities such as Sky Gardens on the rooftop of every tower and an infinity pool on Level 3A to give residents the best views of the lush scenery.
All Park Regent’s apartments will come with balconies for quiet respite while the larger three-bedroom and four-bedroom units will have private lift lobbies.