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
Condominium
Land Tenure
Leasehold
Built-up
1,015 sf - 6,796 sf
Market Price
RM650,000 - RM4,010,000
Total Units
178 Units
Completion Date
2020
Developer
Launch Price
-NA-

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
9 Mar 2024Condominium1,485 sfRM800,000
6 Mar 2024Condominium1,500 sfRM880,000
6 Mar 2024Penthouse10,500 sfRM3,900,000
22 Feb 2024Condominium1,100 sfRM630,000
21 Feb 2024Condominium1,015 sfRM630,000
8 Feb 2024Condominium1,466 sfRM780,000
6 Feb 2024Condominium1,328 sfRM720,000
26 Jan 2024Condominium1,466 sfRM730,000
24 Jan 2024Condominium1,485 sfRM790,000
21 Jan 2024Condominium1,400 sfRM718,000

Latest The Park Residence rental listings:

DateProperty TypeBuilt-upRental
9 Mar 2024Condominium1,547 sfRM3,800
9 Mar 2024Condominium1,490 sfRM3,300
7 Mar 2024Condominium1,490 sfRM3,300
22 Feb 2024Condominium1,100 sfRM3,000
27 Jan 2024Condominium1,180 sfRM3,300
19 Jan 2024Condominium1,015 sfRM3,000
27 Dec 2023Condominium1,500 sfRM3,800
27 Dec 2023Condominium1,400 sfRM3,300
21 Dec 2023Condominium1,015 sfRM3,000
11 Dec 2023Condominium1,400 sfRM3,000
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