The Park Residence is a leasehold luxurious condominium development by developer Ibraco Berhad, set in the prime area of Tabuan Tranquility and minutes away to some of Sarawak’s most prominent landmarks and towns. With 4 blocks made up of 10-storeys and 6-storeys, and 90 units and 88 units respectively, potential residents are spoilt for choice to choose between units with 3-bedrooms, 4-bedrooms, and even penthouse units.
Embodying the ‘Live in Park’ concept, expect lush, landscaped gardens and greenery throughout the premises, coupled with a modern architecture style that complements the fast-growing city of Kuching. A 4-tier security system is in place to assure residents’ safety and security, as well as peace of the community. This includes a 24-hour gated-and-guarded system, residents-only access card, CCTVs, and intercoms from units to the guardhouse.
The Park Residence also features lavish clubhouse facilities such as a beautiful gymnasium that overlooks the central green, swimming pool, wading pool, children’s playground, BBQ pit, indoor games room, children’s playroom, and a private ground-floor storage room for all units. Parking is also a breeze here, with the added perk of owning a unit and obtaining 2 free carpark lots.
Located between the residential housing areas of Taman Stutong Indah, Tabuan Jaya, Taman Casa Marbella, and Tabuan Laru, this condominium development is just a little ways off from the city centre, yet, it is easy to access prime developments. Vivacity Megamall is 3.4km away, whereas The Spring Shopping Mall is 5.2km, and the Sarawak General Hospital is 9.1km. Kuching International Airport is also a mere 12.7km, making The Park Residence a truly strategic and luxurious condominium to live in.
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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 Park Residence | 0 |
RM630,000
-
RM1,600,000
RM 525 psf - RM 650 psf |
RM2,500 - RM2,500 | NIL | 3.77 % |
| Tabuan Tranquility Commercial Centre | 2015 |
RM800,000
-
RM1,800,000
RM 533 psf - RM 720 psf |
RM2,000 - RM2,000 | NIL | 1.85 % |
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 | - | - | - |
| 500 - 1,000 SQ. FT | - | - | - |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 67,248 |
| Loan Amount ( 90 %) | RM 605,232 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
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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