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The Parc Tower
Jalan Rampai Niaga 1, Rampai Business Park, 53300 Kuala Lumpur, Wilayah Persekutuan
Condominium
Details:
Developer
Pancaran Nilai Sdn. Bhd.
Facilities
Gymnasium
Swimming pool
Six floors of car park
Property Details
2016
May
(Year of Completion)
(Year of Completion)
This project was completed 8 years ago
RM384,880 - RM680,240
Built Up
850 SQ. FT - 1,100 SQ. FT
Land Title
Residential
Tenure
Leasehold
Total Blocks
1
Total Storeys
34
Total Units
322
Parking
Min. 1
Description
The Parc Tower is an upcoming condominium in Setapak. Built on leasehold land, this condominium's lease will expire on 28th March 2111. The Parc Tower is a family centred development which was designed to be family-friendly with every part of its component. The Parc Tower is a contemporarily built building of modern homes for the ultimate living and investment opportunity.
Centrally located in this busy township, The Parc Tower is directly opposite Rampai Business Park and is within walking distance to Aeon Jusco Wangsa Maju, as well as the Wangsa Maju LRT Station. There will be a plethora of business hubs located close to The Parc Tower as well which will include banking facilities, convenience marts and a myriad of services.
Residents of The Parc Tower will find a shopping paradise in the city centre of Kuala Lumpur less that fifteen minutes away. There will be Pavilion, Suria KLCC and Fahrenheit 88 amongst some of the most popular hangout spots in the city, as well as Berjaya Times Square, BB Plaza, Lowyat Plaza and Sungei Wang Plaza which offer more affordable shopping.
The network of highways surrounding The Parc Tower include the Middle Ring Road 2 (MRR2), Ampang-Kuala Lumpur Elevated Highway (AKLEH) and Duta-Ulu Kelang Expressway (DUKE). By utilising these highway, Ampang is only 20 minutes away, Damansara at abut the same distance and Petaling Jaya at approximately half an hour away.
As good as the location of The Parc Tower is, there were many buyers who were wary of this project as the developers have a less than savoury reputation. It was purported that as of 31st of August 2014, the developers of The Parc Tower which is Pancaran Nilai Sdn Bhd were on the blacklist of the Ministry of Urban Wellbeing for failing to pay compound fees.
However, the project manager of The Parc Tower which is CRSC Property cleared Pancaran Nilai of all debts hence the aforementioned developer’s was able to carry on with development of The Parc Tower. Due to this the development continued, and while buyers were apprehensive, sales was still good.
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Nearby Amenities:
-
Nearby Properties
Nothing found within 1km
-
Public Transportation
Nothing found within 10km
-
Schools & Universities
Nothing found within 10km
-
Hospitals & Clinics
Nothing found within 10km
-
Shops / Malls
Nothing found within 10km
-
Places of Worship
Nothing found within 10km
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Did you know?
Check out the value of surrounding upcoming properties to make the best buying decision.
| Property Name | Year of Completion | Launch Price | Ad Selling Price |
|---|---|---|---|
| The Parc Tower | May 2016 | RM384,880 - RM680,240 |
RM400,000
-
RM520,000
RM 434 psf - RM 483 psf |
| Altris Residence @ The Quartz | Feb 2026 | RM417,000 - RM1,010,000 |
RM360,000
-
RM700,000
RM 252 psf - RM 659 psf |
Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| The Parc Tower | May 2016 |
RM400,000
-
RM520,000
RM 434 psf - RM 483 psf |
RM1,600 - RM1,600 | NIL | 4.5 % |
| Hedgeford 10 Residences | Apr 2015 |
RM216,000
-
RM500,000
RM 414 psf - RM 899 psf |
RM1,200 - RM1,200 | NIL | 4.37 % |
| Desiran Bayu @ Sri Rampai | Aug 2014 |
RM1,400,000
-
RM1,700,000
RM 407 psf - RM 853 psf |
NIL | NIL | NIL |
| Platinum Lake PV20 | May 2014 |
RM350,000
-
RM650,000
RM 260 psf - RM 465 psf |
RM900 - RM900 | NIL | 4.08 % |
| StarParc Point | 2012 | RM570,000 - RM1,900,000 | RM2,200 - RM8,000 | NIL | 4.96 % |
| Rampai Business Park | 2010 |
RM450,000
-
RM450,000
RM 556 psf - RM 556 psf |
RM1,200 - RM1,200 | NIL | 3.2 % |
| Alpha Villa | 2008 |
RM370,000
-
RM460,000
RM 345 psf - RM 426 psf |
RM1,300 - RM1,300 | NIL | 3.46 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | RM 333 psf |
| 500 - 1,000 SQ. FT | RM 318 psf | - | - |
| 1,000 - 1,500 SQ. FT | RM 385 psf | - | RM 200,480 psf |
| 1,500 - 2,500 SQ. FT | - | - | RM 1,100,662 psf |
| 2,500 - 4,000 SQ. FT | RM 293 psf | - | RM 4,700,000 psf |
| 4,000 SQ. FT and above | - | - | - |
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 312 psf
Non Landed Properties
RM 351 psf
Landed Properties
RM 107,668 psf
Commercial Properties
Note:
- This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
- 'Nearby distance' is based on 1 kilometre
- Average Rental Yield takes into account an estimated amount of maintenance fees
My Affordability:
| Down Payment (10%) | RM 38,488 |
| Loan Amount ( 90 %) | RM 346,392 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM
N / A
psf
(850 SQ. FT)
Total Monthly Expenses
RM 3,000 ±
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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