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Premium condo in a mature neighbourhood. Attractive choice for those who could afford.

Premium condo in a mature neighbourhood. Attractive choice for those who could afford.

Probably one of the best addresses in Kuala Lumpur is how someone would describe Desa ParkCity. Many friends live there and many friends want to live there. Today, it’s like a home within a small township. Perhaps this is what makes it so conducive for living. We should note that distance wise, Desa ParkCity is not exactly like Bangsar which is merely 11-12km away from KLCC. Desa ParkCity is 20km away and before it was known as Desa Parkcity, it was still Kepong. 🙂 This is the power of a good development where the developer actually plan many years ahead and delivers what it planned. These days, Desa ParkCity is enhanced further by Plaza Arkadia which is getting busier every time I am there for dinner. Now, there’s a premium high-rise coming up in Desa ParkCity.

Article in edgeprop.my here. ParkCity Property Holdings Sdn Bhd (ParkCity) and CapitaLand Limited (CapitaLand) will be undertaking a 50:50 joint-venture development called Park Regent in Desa ParkCity. This 5.6-acre freehold condominium development will comprise 505 units spread across two towers. The development will offer its residents the opportunity to live by the waters of Desa ParkCity Lake with views of the parklands. The Park Regent is set to be launched in the third quarter of 2019.

ParkCity Group CEO Datuk Joseph Lau said ParkCity is all about creating unique spaces that bring together the most important parts of life – family, neighbourhood, community, connectivity and convenience. Lau added that Park Recent will offer the following: spaciousness, well-detailed homes and will have the best views in Desa ParkCity. Park Regent will have private lift lobbies for larger units, powder rooms in every home as well as beautifully-appointed kitchens too.

CapitaLand Singapore, Malaysia and Indonesia CEO Ronald Tay said CapitaLand is delighted to partner with ParkCity to jointly develop Park Regent, a unique development that taps into their extensive track record in developing and building architecturally excellent homes. Article in edgeprop.my here.

When the premium township has new premium homes coming up, the pricing will definitely be at a premium. It will be tough for more landed homes coming up because the township is already mature and the available land does not allow for landed homes unless they are priced so high that only successful businessmen could afford them. Reality in the world we live in today. As for successful businessmen, the choices are aplenty and it does not need to be only a township which is 20km away from the city centre. However, a premium high-rise unit remains accessible to households where both the couples are senior managers in MNCs and are looking for an upgrade from the place they stay today, probably an apartment bought many years ago. I will drop by to take photos when they do soft launch. Yeah, just photos. Happy investing into one.

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Article written and edited by Charles. News article summarised by Dina Batrisyia.

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