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 and 600 sf for retail 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)
600 sf (Retail)
Market Price
RM490,000 - RM580,000 (Apartment)
Density
-NA-
Completed In
-NA-
Developer
Taipan Group
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 RM490,000 to RM580,000 (about RM480 psf) for apartment units; while the monthly rentals are from RM1,600 to RM2,100 (about RM1.66 psf) for apartment units and RM1,500 (about RM2.50 psf) for retail 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 4.08% 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 RM480 psf. For price wise, the most expensive one is 2-bedroom / 921 sf with a median price of RM530 psf; while the cheapest one is 3-bedroom / 1,288 sf with a median price of RM450 psf.

Retail Layouts

Lastly, the most popular layout and size combination at Park 51 for retail units is 600 sf with a median rental of RM2.50 psf. For rental wise, the most expensive one is 600 sf with a median rental of RM2.50 psf; while the cheapest one is 600 sf with a median rental of RM2.50 psf.

Latest Park 51 for sale listings:

DateTypeBuilt-upPrice
TodayCondominium1,143 sfRM550,000
02-Dec-18Condominium1,143 sfRM590,000
02-Dec-18Studio438 sfRM298,000
02-Dec-18Condominium1,145 sfRM640,000
02-Dec-18Condominium1,143 sfRM550,000
30-Nov-18Condominium1,143 sfRM380,538
30-Nov-18Condominium1,288 sfRM407,000
27-Nov-18Condominium921 sfRM460,000
27-Nov-18Condominium996 sfRM460,000
26-Nov-18Condominium1,143 sfRM630,000

Latest Park 51 for rent listings:

DateTypeBuilt-upRental
10-Dec-18Room In Apartment-NA-RM350
10-Dec-18Room In Apartment-NA-RM450
08-Dec-18Condominium1,143 sfRM1,600
08-Dec-18Condominium1,150 sfRM2,000
08-Dec-18Condominium1,288 sfRM2,300
07-Dec-18Room In Apartment-NA-RM500
YesterdayRoom In Apartment-NA-RM450
02-Dec-18Room In Apartment-NA-RM650
02-Dec-18Room In Apartment-NA-RM650
30-Nov-18Condominium1,000 sfRM1,400