The Park 2 Residence, Bukit Jalil City

Sale prices range from approximately RM850,000 for a 750 sqft unit to RM1,800,000 for a 1,570 sqft unit
Rental prices at The Park 2 range from around RM2,200 to RM5,000 per month

The Park 2 Residence is a luxurious serviced apartment development located in the vibrant Bukit Jalil City, Kuala Lumpur.

Developed by Malton Berhad, this exceptional property is designed to offer residents a modern and comfortable lifestyle, characterized by a harmonious blend of convenience, upscale amenities, and stunning design.

With direct access to the Pavilion Bukit Jalil shopping mall and proximity to public transportation, The Park 2 Residence stands out as an ideal choice for both homebuyers and investors.

Sub-sale market analysis

1. Transaction Prices

Price Range: The sale prices for units at The Park 2 vary widely. As of recent listings, the prices range from approximately RM850,000 for a 750 sqft unit to RM1,800,000 for a 1,570 sqft unit[1].
Price Per Square Foot (PSF): The median price per square foot is around RM1,040 psf for a 2-bedroom unit and can go up to RM1,210 psf for a 4-bedroom unit. The cheapest option is typically a 3-bedroom unit at around RM860 psf[1][2].
Median Price: The median sale price for units at The Park 2 is approximately RM1,076,500[5].

2. Rental Prices

Rental Range: Rental prices at The Park 2 range from around RM2,200 to RM5,000 per month. For example, a 750 sqft unit can be rented for RM2,200 to RM2,700 per month, while a 1,570 sqft unit can be rented for RM5,000 per month[1][4].
Average Rental: The average rental price for a 750 sqft unit is around RM2,400 to RM2,700 per month, and for larger units, it can be significantly higher[1][3].

3. Rental Yield

Rental Yield: The rental yield at The Park 2 has been relatively stable, with an average yield of around 4.16% as of recent data. Historically, the highest rental yield recorded was 4.8% in Q2 2020, and the lowest was 3.2% in Q4 2021[1].

4. Market Trends and Amenities

Location and Amenities: The Park 2 is strategically located in Bukit Jalil City, offering easy access to major highways, LRT stations (Sri Petaling, Bukit Jalil, and Awan Besar), and amenities such as Pavilion Bukit Jalil Mall, Bukit Jalil Recreational Park, and educational institutions like SJKC Lai Meng and International Medical University. These factors contribute to its attractiveness in the sub-sale market[5].
Developer and Neighboring Projects: Developed by Malton Berhad Group, The Park 2 is part of a prestigious neighborhood that includes projects like The Z Residence and Twin Arkz. This can influence the property’s value and desirability[5].

The Park 2 Residence, Bukit Jalil City 1