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Desa Park City – The Next Mont Kiara?

Desa Park City was developed by Perdana ParkCity, a subsidiary of Sarawak-based timber company Samling Group. The land that this township was built on was once a rubber estate. The group bought this 473-acre land at RM200 millions, which translates to merely RM10 per square foot. Todays, a double storey terrace home in this neigboorhood could fetch as high as RM2 million, or RM800 per square feet. This shows an amazing price appreciation of over 80x in just over a decade! When it comes to expatriate choice of homes in Kuala Lumpur, one would think of Mont Kiara. The exclusive neighborhood has been the top choice among expatriates over the years. But all this is about to change, as Desa Park City is gaining popularity among home dwellers lately. This trend is mainly due to its strategic loc...[Read More]