Park Place achieves over 86% take-up rate over the weekend

KUALA LUMPUR (Sept 28): Perdana ParkCity Sdn Bhd’s latest project launch, Park Place at its Desa ParkCity township in Kuala Lumpur has seen over 86% of the 537 units sold during the priority sales event launched over the weekend.

The first-of-its-kind condominium development strategically located between Central Park and upcoming Town Square Park under construction, Park Place sits on 4.55 acres of freehold land with a gross development value (GDV) of RM770 million.

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Park Place offers 537-unit ranging from 1,109 sq ft to 4,047 sq ft with two to four bedrooms that are spread across a collection of three elegantly proportioned wings within one tower overlooking verdant landscapes and scenic views of the Desa ParkCity and Kuala Lumpur skyline. Prices range from RM900,000 to RM2.2 million for Types A,B, C and D while the price for Type E with limited units of 5 duplexes, starts from RM2.9mil.

ParkCity Group CEO Datuk Joseph Lau said that Park Place started its design development and planning since mid last year.

“This residential development encompasses a lot of features that homebuyers will find extremely useful for today’s lifestyle and now with Covid-19 in the picture, these elements serve as practical and important extensions to their individual homes,” said Lau in a press statement today.

Park Place stands tall at 54-storey high and is slated for completion in 2024.

Designed by multiple award-winning architect Erik L’Heureux FAIA and founder of Singapore-based Pencil Office and Thai design studio, PIA Interior, Park Place will feature a mature forest with over 70,000 square feet purposefully allocated with high canopy that serves as an umbrella to give protection from the heat and shade to the space in between.

Over and above the usual common facilities such as gym, barbecue area, children’s pool and an infinity Olympic-length swimming pool on the 8 th floor of the podium, Park Place also calls for active opportunities for social interactions with a Sky Garden of more than 20,000 sq ft at Levels 41 and 42, designed as an extension of home that provides spaces for work, relaxation, learning and social mingling.

Sitting in a self-sustaining township, Park Place residents can enjoy conveniences without having to step out from the development. Just a short distance away is The Waterfront, an iconic retail entertainment centre, and Plaza Arkadia that provides office spaces, entertainment and F&B options.

“As a developer that has made a name through our innovative designs in master-planned township, ParkCity will work towards solidifying our status by providing dynamic residential designs to meet the ever-changing needs of our homebuyers, and to provide seamless opportunities to enjoy the best moments in life,” Lau highlighted.

He added that with the current low rate of interest, the return of Home Ownership Campaign and many incentives under the National Economic Recovery Plan (Penjana), it is a good time to own a home.

“We have continued to listen to our customers and loyalists to meet their needs and wants. With the current market and the value proposition of Park Place, the prices are really compelling. We are glad that Park Place has received an overwhelming response from the market. We are indeed very thankful for the strong support from our existing buyers, investors and new buyers that share the same values and enthusiasm as us towards Park Place” he concluded.

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