Kuala Lumpur, 1 Aug 2019 – Park Regent, the joint venture development of Park City with CapitaLand, reached strong sales at its priority launch in Kuala Lumpur on the 27th and 28th of July 2019. As at 6 pm on Sunday, more than 70% of the 505 residential units were sold at an average selling price of RM1,100 per square foot.
Park Regent By The Water is located in multi-award-winning Desa ParkCity township which was recently accorded the prestigious Gold Winner of FIABCI World Prix d’Excellence Award 2019 under the Master Plan category. Park Regent offers six apartment types, ranging from one to four-bedroom units and 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 the residents. 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 neighborhoods 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.
Park Regent is located close to dining and retail outlets as well as international schools, making it an ideal address for families and individuals. Kuala Lumpur City Centre (KLCC), Petronas Twin Towers and the city’s new business district, Tun Razak Exchange, are a stone throw away.
Park Regent is intended for residents to connect with their loved ones whilst enjoying the serene 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 city and greenery. All Park Regent’s apartments come with balconies for a quiet break while the larger three-bedroom and four-bedroom units have private lift lobbies.