PROPCAFE is “Senior” enough to witness the challenging period of Desa Parkcity when it first launched the SAFA project. It was a conventional terrace property project with individual title that priced slightly above the market price in Kepong during the sluggish property market environment.
Oh, Kepong Address and High Maintenance Fees
Many argued about the worthiness of DPC premium price, pointing the Kepong address which was not enticed to most mid income group, not to say high-end affluent market. It makes perfect sense 15 years ago as Kepong wasn’t the place to go and you would not see the lake, commercial waterfront outlets, or anything “beautiful” at that time. What presented to you by a relatively new and unknown east Malaysia developer at that time was just a “masterplan”.
The other hurdles that time in DPC was the maintenance fees for the rare gated and guarded landed properties when most of the landed property owners yet to know the value of such concept especially they hardly pay anything like this (3-storey Zenia maintenance fees was quoted more than RM600 and everyone was jumping!). This had stopped many to venture into this township. Today, it is a norm to pay rm500-1000 even for highrise property. Those bashed the DPC properties in the forum (oh, still remembered the myrealestate.com.my?) who doubted such high maintenance concept for landed properties was proven wrong by the market trend over last 10-15 years. With all the above, please give some credits to those who jumped in that time instead of branding them “LUCKY”!
You need to be very visionary and extremely confident on this developer to jump into Desa Parkcity 15 years ago. PROPCAFE might not a big fan of Kepong location that time but was in love with the concept and environment here. Firstly, it has a higher ground than the nearby vicinity which formed the trait of higher end properties (please take note on this as your future property selection criteria)
The most decisive and correct strategy from Perdana Parkcity was to create the differentiation by offering the landed strata title properties to the market, which was rare and new in early 2000. The Developer knew that if they didn’t do it, the township will just be another “Taman” with all awkward rainbow color properties (opps, you may still see it in South Lake and Safa :-?, thanks to its individual title ).
Unlike Bungalow development, it is hard to up the game in terrace to offer and attract buyers or own-stayers who like uniformity without the concern of neighbours’ weird renovation taste while sharing the condo equivalent facilities in landed property environment. Their success of Parkhome resort theme properties like Nadia, Adiva, and Adora had proven the demand in this segment. This has inspired the developer to launch more modern park homes like Zenia, Casaman and Mansion. Kudos to the developer which dared to offer such products, of course with the premium as well. Those “brave” buyers would definitely remember the weird DMC and parcel definition from developer which was based on the sample of highrise properties.
PROPCAFE has covered many Desa Parkcity reviews so, this time we will not talk about “How Nice” Desa Parkcity is again. Instead, we will emphase the “product” of Park Place and some reality checks for Park Place fans and buyers.
