More Than 70% of Uints in Parkcity and Capitaland's Joint Venture Residential Development in Kuala Lumpur Sold
Park Regent, ParkCity’s joint venture development with CapitaLand, achieved strong sales at its priority launch in Kuala Lumpur, Malaysia on 27 and 28 July 2019. As at 6pm on Sunday, 28 July 2019, more than 70% of the 505 residential units were sold at an average selling price of RM1,100 per square foot.
Located in the highly regarded Desa ParkCity township, Park Regent offers six apartment types, ranging from one-bedroom units to four-bedroom units. The development is scheduled for completion in 2023.
Datuk Joseph Lau, Group CEO of ParkCity Group, said: “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. Park Regent reflects ParkCity and CapitaLand’s commitment to creating differentiated products that suit the needs of customers. "Park Regent 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”.
Mr Ronald Tay, CEO of CapitaLand Singapore, Malaysia & Indonesia, Residential & Retail, said: “We are very encouraged by the positive response to Park Regent, which is more than 70% sold. The keen interest from homebuyers 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.”
Park Regent prices start from RM860,000 and apartment sizes range from 872 square feet for a one-bedroom apartment to 4,887 square feet for a spacious four-bedroom apartment. A total of 80% of Part Regent buyers are locals whilst the remaining ones are other nationalities including expatriates.
Park Regent is located on a prime parcel in the popular Desa ParkCity township, which was recently accorded the prestigious Gold Winner of FIABCI World Prix d’Excellence Award 2019 under the Master Plan category. Overlooking a scenic lake, the two-towered 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.
Designed by Serie+Multiply — a joint venture between London-based Serie Architects and Singapore-based Multiply Architects, Park Regent is designed for residents to connect with their families and recharge whilst enjoying the tranquil greenery of its surroundings. Facilities such as the Sky Gardens on the rooftop of every tower and the infinity pool on Level 3A offer residents the best views of the lush greenery. 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.
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