The Park Residences, Bangsar South
The Park Residences is a leasehold condominium that is located in Bangsar South, Pantai. It comprises Acacia and Begonia.
There are 470 units available at this condominium with built-up from 1,260 sf to 3,413 sf. It was developed by UOA Development Bhd with a launch price at about RM340 psf, and was completed in about 2011.
UOA Development Bhd is a gigantic property developer listed on Bursa Malaysia, and it has built about 58 property projects in Malaysia. Other similar projects by the same developer are Camellia Serviced Suites, Desa Green, Le Yuan Residence, Plaza Prima Setapak, Prima Midah Heights, Prima Setapak 2, Sentul Village, Setapak Green, South View and Southbank Residence.
This condominium has some amenities nearby, e.g. universities, hospitals, schools and transit stations. The following are some of the main universities here:
- 1st Residential College Um
- 6th Residential College
- Anjung Penyayang Universiti Malaya
- Bangunan Peperiksaan Universiti Malaya (Utama)
- Kolej Kediaman Pertama Universiti Malaya
- Terminal Bas Universiti Malaya
- University Of Malaya
- University Of Malaya Centre For Continuing Education (UMCCed)
- University Of Malaya Visa Unit
As for hospitals, there are Cengild G.I. Medical Centre (CGI) and Lifecare Diagnostic Medical Centre. There are also some schools here, such as SK Methodist and SMK Seri Pantai.
Lastly, the transit stations here are LRT Kerinchi and LRT Universiti.
The current rental yield of The Park Residences is around 6.06%, compared to 4.8% a year ago in Q1 2022. The highest rental yield ever recorded was 6.06% in Q4 2023; while the lowest one was 3.6% in Q1 2023. Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at The Park Residences is 3-bedroom / 1,485 sf with a median price of RM660 psf. For price wise, the most expensive one is 3-bedroom / 2,095 sf with a median price of RM670 psf; while the cheapest one is 2-bedroom / 1,260 sf with a median price of RM630 psf.
Latest The Park Residences sale listings:
| Date | Property Type | Built-up | Price |
|---|---|---|---|
| 23 Nov 2023 | Condominium | 750 sf | RM730,000 |
| 8 Nov 2023 | Condominium | 1,910 sf | RM1,200,000 |
| 8 Nov 2023 | Condominium | 1,910 sf | RM1,200,000 |
| 15 Oct 2023 | Condominium | 1,270 sf | RM800,000 |
| 9 Oct 2023 | Semi-Detached | 3,295 sf | RM2,800,000 |
| 18 Oct 2023 | Condominium | 1,500 sf | RM1,500,000 |
| 17 Oct 2023 | Condominium | 1,270 sf | RM800,000 |
| 13 Oct 2023 | Condominium | 1,458 sf | RM990,000 |
| 13 Oct 2023 | Condominium | 1,500 sf | RM1,500,000 |
| 11 Oct 2023 | Condominium | 1,910 sf | RM1,200,000 |
Latest The Park Residences rental listings:
| Date | Property Type | Built-up | Rental |
|---|---|---|---|
| 11 Nov 2023 | Single Room | -NA- | RM980 |
| 11 Nov 2023 | Single Room | -NA- | RM980 |
| 13 Oct 2023 | Condominium | 1,485 sf | RM4,800 |
| 13 Oct 2023 | Condominium | 1,500 sf | RM5,000 |
| 11 Oct 2023 | Condominium | 2,068 sf | RM6,000 |
| 2 Oct 2023 | Condominium | 1,910 sf | RM5,500 |
| 2 Oct 2023 | Condominium | 1,485 sf | RM4,800 |
| 19 Sep 2023 | Condominium | 2,095 sf | RM6,000 |
| 19 Sep 2023 | Condominium | 1,485 sf | RM4,800 |
| 19 Sep 2023 | Condominium | 2,068 sf | RM7,000 |
Nice place to live in, good security, but parking might be a little confusing for visitors.