Press release- For immediate release
Investors and homebuyers in Hong Kong have shown increased enthusiasm towards the real estate market of Malaysia and its immigration program. Asia’s two top developers have joined hands in the creation of their first joint development project in Malaysia. ParkCity Holdings of Malaysia and Singapore-listed CapitaLand will deliver Park Regent by the Water, an exquisite lakeside residence inside Kuala Lumpur’s mega township, Desa ParkCity. Golden Emperor Properties, Asia Bankers Club, together with Ashton Hawks, will be unveiling Park Regent in Hong Kong, priced at HKD 1.88M which is expected to attract global investors and homebuyers.
A unique living space delivered at a statement address
The exquisite Park Regent in Desa ParkCity is an oasis of tranquility close to the affluent Mont’ Kiara and Bukit Damansara neighborhoods, home to, and both frequented by wealthy individuals, middle-class and expat professionals in Kuala Lumpur. Park Regent is a 10-minute drive to the world’s 7th largest shopping center, 1 Utama and surrounded by TPC Golf Course, a portfolio of international schools, medical centres and public parks. The Petronas Twin Towers, KLCC and new CBD, Tun Razak Exchange (TRX) are merely a 25-minute drive away. Residents of Park Regent will enjoy an extended communal space for relaxation, yet retaining an intimate proximity to the cosmopolitan city centre.
“Desa Park City is all about creating a unique space that will bring together the most important aspects of life – family, neighborhood, community, connectivity and convenience and by far Park Regent by the Water is the most prestigious development in Desa ParkCity. By doing that, we consistently deliver value to our stakeholders. This joint-venture with CapitaLand will deliver commitment to our shared value at a completely new level, bringing together the experience, expertise and proven track record of two major property developers in the region,” says KC Chong, Chief Marketing Officer of Perdana ParkCity Sdn. Bhd.
Internationally acclaimed state-of-the-art design & architecture
Patrick Liau, Managing Director of CapitaLand Malaysia adds, “Desa ParkCity is a multiple award-wining township that is home to one of the most coveted neighborhoods in Malaysia’s capital. Park Regent will feature spacious, well-detailed homes that embrace the best views at Desa ParkCity complemented by amenities to meet the evolving needs of a diverse group of homeowners, from empty-nesters to families. With details such as private lift lobbies for larger units, powder rooms in every home as well as beautifully-appointed kitchens, we are confident that Park Regent will become an address that stands the test of time.”
Park Regent sits at an impressive lakeside location in Desa ParkCity. With an area of 473 acres, Desa ParkCity is 10 times the size of Hong Kong’s Victoria Park and expresses an embodiment of a perfect living environment and an outstanding livable community in Kuala Lumpur. This mega township is equipped with dining and entertainment spots, a verdant landscape of thoughtfully crafted parks and lakes and facilities including an international school and a medical centre. Residents at Park Regent will experience an incomparable lifestyle with easy access to Kuala Lumpur’s core districts. Moreover, Desa ParkCity has earned international acclaim for its well-planned master plan township. The development was awarded the FIABCI Malaysia Property Award in 2018 and World Gold Winner at the FIABCI World Prix d’Excellence Award for Best Master Plan Category 2019, the ‘Oscar of Real Estate’
A distinctive community comparable to Hong Kong’s Cyberport
Golden Emperor Properties Managing Director, Terence Chan comments, “Desa ParkCity is a 30-year master plan. It is a revolutionized comparison to Hong Kong’s Cyberport and high-quality living, enriched with lush landscapes and flexible and distinctive living spaces. The township has undergone 18 years of development where most of its previous residential projects have sold out and are now occupied by the strong affluent population. With a number of established facilities, the mature community will be a statement address popular among those from Hong Kong. Park Regent is expected to return a gross rental yield of 5 to 6% per annum.”
Hong Kong has seen a rising number of inquiries in Malaysia’s My Second Home program and interest in Kuala Lumpur’s real estate market. In May 2019, the Central Bank of Malaysia reduced its key interest rate from 3.25% to 3.00%, the first cut since 2016. In the case of low mortgage rates, the cut will largely benefit real estate investments made now.
Park Regent will meet the needs of homeowners who strive for the best. With 505 residential units across 2 towers, the lakeside residence will offer 1 to 4 bedrooms freehold units, from 872 to 4,887 square feet, all with generous balconies. This exquisite project starts now at HKD 1.88M with complimentary parking space of up to 6 bays and nearly 30 amenities and shared facilities across the township.
Golden Emperor Properties, Asia Bankers Club and Ashton Hawks will co-host the exclusive launch of Park Regent with ParkCity and CapitaLand, on August 3rd to 4th 2019 at Park Lane Hotel Hong Kong in Causeway Bay.
ParkCity is a regional property development and investment company. Established in 1990, ParkCity is a subsidiary of Samling Group, a Malaysian conglomerate with diverse business interests in several countries, globally. Its flagship master planned township Desa ParkCity has paved the way for two other master-planned developments to date – Marina ParkCity in Sarawak and ParkCity Hanoi in Vietnam.
CapitaLand is one of Asia’s largest diversified real estate groups. Headquartered and listed in Singapore, it owns and manages a global portfolio which spans across diversified real estate classes. The portfolio includes commercial, retail; business park, industrial and logistics; integrated development, urban development; as well as lodging and residential. With a presence across more than 200 cities in over 30 countries, the Group focuses on Singapore and China as its core markets, while it continues to expand in markets such as India, Vietnam, Australia, Europe and the USA.
About Golden Emperor Properties (Hong Kong) Limited
Golden Emperor Properties (HK) Limited is a Hong Kong-based company that offers international properties to clients in Hong Kong and globally. The company works with property developers from Thailand, Japan, Malaysia, the United Kingdom, Europe and many others. The company has a team of dedicated sales agents that can provide consultancy and information on relevant transaction-related topics such as taxation, sales & purchase procedures, payment schedules, and many other.
About Asia Bankers Club
Asia Bankers Club is an investment club for banking and finance professionals in Asia. With a member base of over 50,000, the Asia Bankers Club organizes events for its members and provides physical assets for investments, such as properties, fine wines, art, timepieces, and collectibles. Our members are from top tier investment, private and consumer banks, asset management companies, private equity firms, hedge funds, and sovereign wealth funds primarily located in key financial centers.
About Ashton Hawks
Ashton Hawks was established by a group of renowned investment gurus and private collectors who laid the very foundation of the discerning Ashton Hawks, balancing luxury leisure lifestyle and investment. Our headquarter office is located in Hong Kong, as well as New York and Bangkok. Ashton Hawks’ real estate portfolio is as diverse in style as it is in mega-estate location across the globe, and caters to luxury lifestyles of all kinds. Ashton Hawks takes pride in being a boutique yet original real estate consultant in the luxury market segment for the ultra-affluent.
For media enquiries, please contact:
Golden Emperor Properties
PR & Marketing Director
Tel: （852）2912 0920
PR & Marketing Executive
Tel: （852）2912 0952