The Parc Tower is a leasehold condominium located in Taman Sri Rampai, Kuala Lumpur. The development is slated for completion in 2016, and the developers are Pancaran Nilai Sdn Bhd in conjunction with DBKL. The development is opposite Rampai Business Park, Dahlia Apartment and Jasmine Apartment. It is situated walking distance to AEON Jusco Wangsa Maju, LRT Wangsa Maju and Section 1 Wangsa Maju.In The Parc Tower, there is only a single block with 34 storeys, housing a total 322 units. All units come with 3 bedrooms and 2 bathrooms, having varying built-ups ranging from 850 sf up to 1,100 sf. The smaller 850 sf units are located on the 8th to 21st floor, whereas from the 22nd up to 34th would be the larger 1,100 sf and 1,075 sf units.At The Parc Tower, the bottom six floors of the development is allocated for car parks. The facilities for The Parc Tower is located on the seventh floor, which would have a gymnasium and swimming pool, among other recreational facilities. The Parc Tower is also a short drive to shopping centers like Carrefour, Jusco and also Wangsa Walk. These shopping centers also host many amenities like boutiques, salons, supermarket, cinemas, restaurants and eateries, bakeries and so many more. Columbia Asia Danau Kota, and hospital Danau Kota are the closest hospitals, approximately 2 kilometers away.There are numerous educational institutions near The Parc Tower, such as SK Wangsa Maju Zon R1, SMK Wangsa Maj R1, SMK Taman Sri Rampai, SK Taman Sri Rampai, and SK Wangsa Maju Zon R10.There are also other more prestigious private schools Sri Utama International School located about 5 minutes drive. The location is easily accessible via several major highways like DUKE and Middle Ring Road 2 (MRR2). For residents who do not own a car or are not driving, public transportation is easily accessible via bus.
Property Details
Name: The Parc Tower Address: Jalan 1/27, 53300 Setapak, Kuala Lumpur Developer: Pancaran Nilai (M) Sdn Bhd (a joint venture with DBKL) Completion Date: 2016 (estimate) Type: Condominium Tenure: Leasehold No. of Blocks: 1 No. of Storey: 34 No. of Units Type A: 104 Type A1: 52 Type B: 166 No. of Bedrooms: 3 No. of Bathrooms: 2 Built-up: 850 - 1,100 sf Launch Price: From RM329,000Layouts
Type A 3 bedrooms + 2 bathrooms (1,100 sf) Type A1 3 bedrooms + 2 bathrooms (1,075 sf) Type B 3 bedrooms + 2 bathrooms (850 sf)Facilities
Swimming pool Gymnasium 24-hour securityAnalysis
Pancaran Nilai Sdn Bhd, the developers, were previously blacklisted by KPKT which is the housing development board. This was because they went against the decisions of the housing tribunal when settling disputes. Furthermore, some also state that the workmanship of their developments are questionable to say the least, some would even say it is shoddy.The majority of potential purchasers were turned off by the fact that despite that The Parc Tower is a LMC project, there were no promotions at all. Legal fees, stamp duties are all to be borne by the purchasers, on top of a RM20,000 booking fee. Some think that purchasing LMC projects upward of RM450 psf is just ludicrous. Others think that they're lucky to have any LMC projects to purchase at all, considering LMC are rare in the area.There is a low-cost apartment and soon to be built Flat Orkid located right beside The Parc Tower which has 20 storeys. Therefore only units above level 20 would have a view of KLCC, and not all as stated by the developer.
