RM3,200,000 (RM1,395.55 psf)
Park Place @ ParkCity, Kuala Lumpur condo unit sold for RM 3.2m | DONE DEAL
(REN 50512) 0176231430
Sierramas, Selangor terrace house sold for RM2.68m | DONE DEAL
Bandar Damai Perdana, Kuala Lumpur semidee house sold for RM1.68m | DONE DEAL
NU Empire, Selangor office rented for RM3,800 | DONE DEAL
Park Place was newly completed just last year. The average transaction price for this high-end condo in 2024 was RM1,200 psf. In 2025, the price has remained at RM1,200 psf as of end-August (source: EdgeProp EPIQ).
According Tony Ong (REN 50512) (017-623 1430) of Reapfield Properties (HQ) Sdn Bhd, the buyers viewed the unit as a good investment opportunity, particularly for its rental potential and long-term capital appreciation. They also found the pricing attractive given the scarcity of four-bedroom condominium units in this location. The previous owner sold the property as it was originally purchased for investment purposes.
As of the end August 2025, there were 54 sale listings on EdgeProp at Park Place @ ParkCity, with an average asking price of RM2,442,148.15 or RM1,473.50 psf, based on built-ups ranging from built-ups ranging from 1,109 to 3,000 sq ft. For rentals, there were 74 listings, with an average monthly rent of RM9,285.12 or RM5.70 psf, based on built-ups ranging from 1,109 to 2,390 sq ft.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
