Parkview

Parkview (also known as Parkview Service Apartment) is a luxury serviced apartment developed jointly by Mayland and Martego in the prominent area of KLCC. It definitely has the ideal location for a serviced apartment in Kuala Lumpur.Parkview is an exclusive luxury serviced apartment located in the heart of Kuala Lumpur’s golden triangle. The 41-storey freehold serviced apartment consisted of 322 serviced apartment units and 95 luxury suites, with the serviced apartment units ranging between a compact 489 sf and a spacious 1,755 sf. Meanwhile, the luxury suites have built-up size ranging from 1,855 to 2,480 sf.Considering Parkview as a worthwhile choice while selecting a serviced apartment to live in is a must for prospective Kuala Lumpur urbanites. It offers contemporary conveniences and facilities such as a barbecue area, a business centre, a clubhouse with a juice bar and lounge, a gymnasium and a sauna. Moreover, adding more value to the serviced apartment are the rooftop swimming pool, a laundrette, covered parking bays and 24-hour security surveillance. Parkview is just five minutes away by foot to the nearest shopping center, Suria KLCC, and 10 minutes away from the infamous Pavilion Mall. The availability of nearby shopping centers would satisfy the needs of people for food, clothes and many entertainments. If that is not enough, there are also mini markets and restaurants available along the streets of KLCC. Parkview comes with a covered parking space which will ease every resident's needs due to the traffic congestion in Kuala Lumpur. However parking lots have to be bought separately during the project launching. Public transportation by train is also not far away, as one can reach the KLCC LRT station within a few minutes by foot. The price of a unit is also quite reasonable for a serviced apartment in an exclusive enclave of KLCC.

Property Details

Name: Parkview (also known as Parkview Service Apartment)

Address: Changkat Perak, Off Lorong Perak, 50250 Kuala Lumpur

Developer: A JV between Mayland & Martego

Completion Date: End 2006

Type: Serviced Apartment

Tenure: Freehold

No. of Storey: 41

No. of Units

Serviced Apartment: 322

2-11 Luxury Suites: 95

Land Area: 1.4 acres

Maintenance Fee: RM0.35 psf

Launch Price: RM680 - RM700 psf

Subsale Price: From RM570,000

Rental: From RM1,700

Layouts

Serviced Apartment (489 - 1,755 sf) (by Mayland)

2-11 Luxury Suites (1,855 - 2,480 sf) (by Martego)

Facilities

Barbecue area

Business center

Clubhouse

Juice bar

Lounge

Covered car parks

Gymnasium

Launderette

Rooftop swimming pool

Sauna

24-hour security surveillance

Market Trends

Analysis

It is amazing to know that Mayland managed to put together another project in Kuala Lumpur by developing Parkview, despite disappointments from their previous projects in Sri Hartamas and Jalan Kuching. Of course this was done with the help of Martego. Consequently, many were more careful when purchasing units at Parkview. Location can be an encouraging factor to buy a unit here, but the traffic flow in KLCC is not very smooth. It would be difficult to go in and out of this apartment. Besides that, to get to the entrance of the apartment is not easy, as one has to walk a long way round the building before being able to get to the entrance. Compared to the nearby Kirana Residence and Marc Service Residence, Parkview is much cheaper. The launch price started off at about RM680 to RM700 psf. The subsale price of a unit as of September 2014 starts at RM570,000, which is quite reasonable for a serviced apartment in KLCC. The neighborhood around Parkview includes Kuala Lumpur's infamous clubbing street Jalan P Ramlee, which is located just in front of the serviced apartment. For family occupants, having nightclubs next to your home is not a very good idea. This is because these nightclubbers sometime goes out partying until the wee hours in the morning, causing some noise disturbance. Education in KLCC is not very easily accessible, therefore Parkview is not an ideal home for raising a family. The nearest schools will take about half an hour to an hour drive from the apartment, depending on the traffic situation. No doubt there is availability of public transportation, but with alarming crime rates these days, no parent would want their child to take the public transport alone. Parkview would suit best for those who want to stay temporarily in KLCC, such as expatriates working in the area. They could just walk to their office nearby without ever needing a car, and hit the fitness center after work, all within walking distance. They could even hang out at various nightclubs on weekend nights without ever having to worry about driving under the influence. Very convenient!