The Park Residence, Tabuan Tranquility

The Park Residence is a leasehold condominium that is located in Tabuan Tranquility, Tabuan. There are 178 units available at this condominium with built-up from 1,015 sf to 6,796 sf. It was developed by Ibraco Bhd, and was completed in about 2020.

Ibraco Bhd is a medium-sized real estate company listed on KLSE, and it has constructed around 14 real estate projects in Malaysia. Other similar projects by the same developer are Avona Residence, Continew, Renna Residence, Stutong Heights, Stutong Heights 2 and Stutong Heights 3.

Property Type
Land Tenure
1,015 sf - 6,796 sf
Market Price
RM650,000 - RM4,010,000
Total Units
178 Units
Completion Date
Launch Price

The only amenities nearby this condominium are some schools. Several of the schools here are SJK Chung Hua No.2, SMK Tabuan Jaya and Sekolah Sukan Negeri Tabuan Jaya.

The current rental yield of The Park Residence is around 5.32%, compared to 4.8% a year ago in Q4 2022. The highest rental yield ever recorded was 5.6% in Q2 2023; while the lowest one was 4.52% in Q1 2022. 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 Residence is 4-bedroom / 1,485 sf with a median price of RM530 psf. For price wise, the most expensive one is 3-bedroom / 1,015 sf with a median price of RM640 psf; while the cheapest one is 5-bedroom / 2,988 sf with a median price of RM470 psf.

Latest The Park Residence sale listings:

DateProperty TypeBuilt-upPrice
24 Nov 2023Condominium1,466 sfRM750,000
19 Nov 2023Condominium6,796 sfRM3,999,999
9 Nov 2023Condominium1,547 sfRM790,000
9 Nov 2023Condominium1,466 sfRM750,000
28 Oct 2023Condominium10,503 sfRM3,999,000
26 Oct 2023Condominium1,550 sfRM800,000
5 Oct 2023Condominium1,485 sfRM780,000
3 Oct 2023Condominium1,485 sfRM790,000
3 Oct 2023Condominium1,485 sfRM780,000
1 Oct 2023Condominium1,485 sfRM800,000

Latest The Park Residence rental listings:

DateProperty TypeBuilt-upRental
16 Oct 2023Condominium1,500 sfRM3,600
16 Oct 2023Condominium1,500 sfRM3,600
2 Oct 2023Condominium1,485 sfRM3,500
15 Sep 2023Condominium1,400 sfRM3,300
12 Sep 2023Condominium1,490 sfRM3,300
18 Aug 2023Condominium1,500 sfRM3,500
17 Aug 2023Condominium1,050 sfRM3,300
17 Aug 2023Condominium1,050 sfRM3,300
9 Aug 2023Condominium1,485 sfRM3,800
4 Aug 2023Condominium1,485 sfRM3,500
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