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.
This condominium has some amenities nearby, for example, schools and universities. The following are some of the main schools here:
- Help International School
- Komplex Sekolah Sukan Negeri Sarawak
- SJK Chung Hua No.2
- SMK Tabuan Jaya
- Sekolah Sukan Negeri Tabuan Jaya
The current rental yield of The Park Residence is around 5.36%, compared to 5.6% a year ago in Q2 2023. The highest rental yield ever recorded was 5.76% in Q4 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 RM540 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 RM480 psf.
Latest The Park Residence sale listings:
| Date | Property Type | Built-up | Price |
|---|---|---|---|
| 7 Sep 2024 | Condominium | 1,015 sf | RM630,000 |
| 6 Sep 2024 | Condominium | 1,400 sf | RM798,000 |
| 5 Sep 2024 | Condominium | 1,466 sf | RM728,000 |
| 26 Jul 2024 | Condominium | 1,015 sf | RM645,000 |
| 14 Jul 2024 | Condominium | 1,095 sf | RM650,000 |
| 21 Jun 2024 | Condominium | 1,547 sf | RM830,000 |
| 14 Jun 2024 | Condominium | 1,485 sf | RM730,000 |
| 14 Jun 2024 | Condominium | 1,400 sf | RM798,000 |
| 18 Jun 2024 | Condominium | 1,466 sf | RM750,000 |
| 7 May 2024 | Condominium | 1,550 sf | RM850,000 |
Latest The Park Residence rental listings:
| Date | Property Type | Built-up | Rental |
|---|---|---|---|
| 21 Jun 2024 | Condominium | 1,000 sf | RM2,800 |
| 18 Jun 2024 | Condominium | 1,015 sf | RM3,000 |
| 3 May 2024 | Condominium | 1,547 sf | RM3,800 |
| 9 Mar 2024 | Condominium | 1,490 sf | RM3,300 |
| 9 Mar 2024 | Condominium | 1,547 sf | RM3,800 |
| 7 Mar 2024 | Condominium | 1,490 sf | RM3,300 |
| 22 Feb 2024 | Condominium | 1,100 sf | RM3,000 |
| 27 Jan 2024 | Condominium | 1,180 sf | RM3,300 |
| 19 Jan 2024 | Condominium | 1,015 sf | RM3,000 |
| 27 Dec 2023 | Condominium | 1,400 sf | RM3,300 |