Park Seven is a luxurious high-end condominium development inside the KLCC area, located just right opposite the KLCC park, and right next door to The Binjai, Quadro Residences and Stonor Park (see here for its map).
Click here(and scroll down if needed) if you’d like to see a compilation of property listings for Park Seven.
Park Seven is also on the same row as the embassies and some high-end landed properties so there’s a certain aura of prestige surrounding Park Seven. The palaces of Kelantan and Terengganu royalty families are on the same lane, and it’s a stone’s throw away from the embassies of Belgium, Germany, Vietnam and a few others.
Situated in the cluster of “Binjai” condominiums which are upmarket even by KLCC standards, Park Seven has been a runaway success ever since its high profile launch by SDB back in 2007. We shall find out if it lives up to the hype…
Park Seven boasts of being earthquake resistant, which is one of the few resident buildings that earn this distinction. Also, its “stripped-down-to-basics” look might appeal to some, and with a rather “polished” facade (built from high end timber and granite giving it a nice combination of colors in grey and charcoal) it does look somewhat distinguished from the rest of the condominiums in the KLCC enclave.
The upper floor units have got a rather awesome 270-degree view of the Petronas Twin Towers which is a major selling point which resonates well with would-be buyers, investors and tenants.
Also, it has got private lift lobbies (similar to The Pearl), as well as dedicated rooms for pilates and yoga. There are at least two parking spaces per unit (with some bigger units commanding four parking lots). For these reasons, it’s rather popular with expats – read this for a personal account. And for some reason, it’s also a makeshift tour buses carrying loads of tourists into the KLCC area. Ask your agent during your viewing if you’re concerned about this…
Park Seven (a.k.a Park 7) was built by SDB (Selangor Dredging Berhad) – notable for a wide range of constructions such as 20trees at Taman Melawati, Aman Suria at Puchong and Five Stones at Petaling Jaya SS2.
Unit sizes stretches from 2,257 sq ft (2+1 rooms) to a humongous unit of more than 7,000 sq ft (6+1 rooms). The build-up areas are bigger than most condominiums in the same area, and comparable to the configuration typically found at, say Avare. The 105 units of luxurious apartments are housed in seven blocks of 20 stories each. In total, there are fourteen (count ’em) layout configurations – you’re bound to find one that pleases you. 🙂
The facilities are rather bog standard – lap and heated swimming pools, gym, landscaped points, children’s playground, Pilates rooms.
The GoodPlace Walkability Score (GWS) is a measure of how “walkable” a property is. This factor is especially important for city condominiums where closeness to amenities is a major selling point. The GWS for Park Seven is 81 (on a scale from 0 to 100). Download the KLCC Walkability Map here for free (click on this link).
Also, check out our interactive map below to see where the closest amenities to the Park Seven are.
[poiautomap address=”3.154314,101.717427″ zoom=”15″]Park Seven[/poiautomap]
Park Seven Prices: Show Me The Money!
Park Seven was launched at RM640 per sq ft in 2008, and the price quickly rose to more than RM1,000 per sq ft in 2009. Asking prices have hit as high as RM1,200 in late 2011, although it might have tapered lately (at the time of writing) with the cooling down of the luxury property market in Malaysia. The market could be kind of “fluid” currently, so for the best price, get in touch with us (click here) and we’ll hook you up with some good deals. Rentals are around RM4 per sq ft at the time of writing.
UPDATE (June 2013): Asking price have soared up to RM1,400 PSF with entry level units selling at RM2.8 million. To check if these Park 7 units are “fair” prices, remember to use our latest valuation guide (click here).
UPDATE (April 2014): A unit with built-up of 2,291 sq ft with 4 bedrooms was sold for RM2.75 million, corresponding to RM1,200 PSF. The sale was concluded by Terence Yap of Zerin Properties.
Transportation Around Park Seven
Park Seven occupies some of the best spots in the KLCC enclave, being on Persiaran KLCC itself. However, this could be problematic to some if they need to travel out of the KLCC area. The main arteries of Jalan Tun Razak, Jalan Sultan Ismail and Jalan Bukit Bintang are notorious for heavy traffic during peak hours. There are not many (international) schools in the KLCC enclave, but there are buses which ferries students out of the area to the schools so there’s one less thing to worry about.
What Else You Need To Know?
If you’re looking for a “bungalow in the sky” right smack in the middle of Kuala Lumpur then Park Seven should feature among your top choices. Which arguably the best view of the Petronas Twin Towers and the luscious green of the KLCC Park this condominium could well be a no-brainer investment for some. It also has the distinction of having “Persiaran KLCC” as its address so that adds some premium to its asking price which is already firmly entrenched in the upper tier…
Price PSF wise it’s etching closer to the Binjai’s levels, which is not surprising given the locality and some degrees of similarity in terms of configuration and target market. There were unverified reports that transacted prices went up to as high as RM1,800 PSF post launch, but it doesn’t seem to be likely to reach this level in the short term. Perhaps this is a good opportunity to buy? Find out for yourself using this guide here –