Park 51, Section 51A

Park 51 is a leasehold integrated office, residential & retail hub located in Section 51A, Petaling Jaya. It comprises Impian Seri Setia, Park 51 Boulevard, Park 51 Commerce Square and Park 51 Residency. The built-up available at this project is 921 sf to 1,288 sf for apartment units. It was developed by Taipan Group.

Taipan Group is a mid-scale property development group, and it has developed about 6 property projects in Malaysia. Other similar projects by the same developer are Impian Baiduri, Impian Seri Setia, Park 51 Boulevard, Park 51 Commerce Square and Park 51 Residency.

Property Type
Integrated Office, Residential & Retail
Land Tenure
Leasehold
Built-up
921 sf - 1,288 sf (Apartment)
Market Price
RM500,000 - RM580,000 (Apartment)
Density
-NA-
Completed In
-NA-
Developer
Launch Price
-NA-

This integrated office, residential & retail hub has some amenities nearby, i.e. schools and metro transport stations. The following are some of the main schools here:

The current market prices for Park 51 are from RM500,000 to RM580,000 (about RM470 psf) for apartment units; while the monthly rentals are from RM1,500 to RM2,100 (about RM1.66 psf) for apartment units. The highest median price psf ever recorded was RM540 psf in Q4 2014 (Apartment); while the lowest one was RM280 psf in Q1 2010 (Apartment).

The current rental yield of Park 51 is 4.33% for apartment units. The highest rental yield ever recorded was 5.07% in Q1 2018 (Apartment); while the lowest one was 2.91% in Q4 2014 (Apartment). Meanwhile, the most common unit layouts and sizes available here are as follows:

Apartment Layouts

The most popular layout and size combination at Park 51 for apartment units is 3-bedroom / 1,143 sf with a median price of RM470 psf. For price wise, the most expensive one is 2-bedroom / 921 sf with a median price of RM540 psf; while the cheapest one is 3-bedroom / 1,288 sf with a median price of RM450 psf.

Latest Park 51 for sale listings:

DateTypeBuilt-upPrice
16-Feb-19Condominium994 sfRM510,000
16-Feb-19Condominium-NA-RM530,000
16-Feb-19Condominium-NA-RM535,000
16-Feb-19Condominium-NA-RM550,000
15-Feb-19Condominium1,288 sfRM590,000
09-Feb-19Condominium1,257 sfRM560,000
07-Feb-19Condominium1,143 sfRM550,000
07-Feb-19Condominium1,143 sfRM590,000
07-Feb-19Condominium1,143 sfRM535,000
07-Feb-19Condominium1,143 sfRM550,000

Latest Park 51 for rent listings:

DateTypeBuilt-upRental
TodayRoom In Apartment-NA-RM700
TodayCondominium1,200 sfRM600
TodayRoom In Apartment-NA-RM500
17-Feb-19Condominium1,150 sfRM2,000
17-Feb-19Condominium1,300 sfRM2,200
15-Feb-19Room In Apartment-NA-RM680
15-Feb-19Room In Apartment-NA-RM680
15-Feb-19Room In Apartment-NA-RM600
14-Feb-19Retail600 sfRM1,500
12-Feb-19Condominium1,000 sfRM2,000