20 FAQ (Frequently Asked Question)

1. Where is Parkside Residences located?

Parkside Residences is strategically located along Jalan Bangsar in the prestigious Setia Federal Hill enclave. It is positioned right next to KL Sentral—Malaysia’s largest transit hub—and offers direct, sheltered access to the Bangsar LRT Station.

2. What is the tenure of Parkside Residences?

Parkside Residences is a Leasehold development. It is the inaugural residential launch within the visionary 52-acre Setia Federal Hill masterplan, which is designed as a sustainable, integrated township.

3. What types of units are available?

The development offers a wide variety of layouts from Studio units to 3-bedroom residences. Built-up sizes range from approximately 485 sq.ft to 1,325 sq.ft, featuring efficient designs suitable for urban professionals, small families, and investors.

4. What facilities are provided for residents?

Residents enjoy over 40 premium lifestyle facilities across multiple decks, including:

• An Infinity Pool and Jacuzzi overlooking the city skyline.

• A Rooftop Sky Gym and Sky Lounge (Level 61).

• Wellness zones including a yoga deck, meditation garden, and crossfit area.

• A unique Pet-Friendly Lawn and immediate access to a 5-acre Central Park.

5. Why is Parkside Residences a strong investment choice?

As the first phase of a 52-acre mega-township, it offers early-entry pricing with significant potential for capital appreciation. Its Transit-Oriented Development (TOD) status and proximity to Mid Valley and KL Sentral ensure constant rental demand from high-profile corporate tenants.

6. What amenities are nearby?

Nearby amenities include Mid Valley Megamall, The Gardens Mall, Bangsar Village, and Nu Sentral. It is also close to world-class medical centers like Pantai Hospital and top-tier institutions like the University of Malaya and Alice Smith International School.

7. How accessible is the location?

The location is unparalleled in connectivity, featuring a sheltered walkway to Bangsar LRT Station. It provides seamless access to five major rail networks (LRT, MRT, KTM, ERL, and Monorail) via KL Sentral and is well-linked to the Federal Highway and SPRINT Expressway.

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8. Is the project suitable for own stay or investment?

Both. It offers a "Live-Work-Play" environment with a 5-acre central park for own-stay comfort. For investors, the combination of a prime Bangsar address, branded developer (SP Setia), and high-connectivity TOD status makes it a highly resilient asset.

9. Who is the developer of Parkside Residences?

Parkside Residences is developed by Setia MF SFH Development Sdn Bhd, a prestigious joint venture between Malaysia’s leading developer S P Setia Berhad and Japan’s Mitsui Fudosan, ensuring world-class construction and design standards.

10. When is the completion and move-in?

Parkside Residences is slated for completion in 2028. Owners can expect to receive their keys and begin the move-in process shortly after the issuance of the Certificate of Completion and Compliance (CCC).

11. Can foreigners buy property in Kuala Lumpur?

Yes. Foreigners are allowed to purchase property in Kuala Lumpur, subject to minimum price thresholds and government guidelines. The city remains a top-tier destination for international property portfolios.

12. Can foreigners buy property in Parkside Residences?

Yes. Foreign buyers are permitted to purchase residential units in Parkside Residences. As the project's pricing aligns with premium standards, many units are eligible for international acquisition.

13. What is the minimum property price for foreigners in Kuala Lumpur?

As of 2026, the minimum purchase price for foreigners in the Federal Territory of Kuala Lumpur remains RM1,000,000 per unit for strata-titled properties, as per state regulations.

14. Do foreigners get freehold or leasehold ownership?

Foreigners may purchase both freehold and leasehold properties. Parkside Residences is a leasehold development, with the specific ownership terms clearly outlined in the Sale & Purchase Agreement (SPA).

15. Is government approval required for foreigners to buy property?

Yes. Foreign buyers must obtain State Authority Consent. This standard procedure is usually managed by the developer’s appointed solicitors as part of the legal purchase process.

16. Can foreigners apply for housing loans in Malaysia?

Yes. Foreigners can apply for home financing from Malaysian banks. Approval depends on individual financial profiles, with banks typically offering a Margin of Finance (MOF) between 50% to 70%.

17. Can foreigners rent out their property in Malaysia?

Absolutely. Foreign owners have the full right to rent out their properties. Parkside Residences is expected to command high rental demand from the large expatriate and professional community working in nearby KL Sentral and Bangsar.

18. Are there additional taxes or fees for foreign buyers?

Foreign buyers are subject to standard costs like Stamp Duty on the Memorandum of Transfer (MOT). Under Budget 2026, a flat 4% to 8% Stamp Duty rate (depending on residency status) ensures a transparent transaction process for international buyers.

19. Can foreigners sell their property in the future?

Yes. Foreign owners are free to sell their property on the open market at any time, subject to compliance with local laws and the payment of any applicable Real Property Gains Tax (RPGT) on the profit made.

20. Is Parkside Residences suitable for foreign investors?

Absolutely. Its location in the "New Golden Triangle," combined with its rare 5-acre central park and direct transit links, makes it a high-value "trophy asset" for global investors looking for stability and long-term growth.