Sales have begun of units in Park West Rise, the fourth and final phase of Budapest’s downtown Park West residential park being developed by LIVING, the residential property development brand of WING Kft.
Park West is located in the Ferdinand Quarter of Budapest, in the city’s District 13. It offers 195 modern, energy-efficient apartments near the city center. Completion of Park West Rise is expected in late 2027, and its units are now available. According to LIVING, as the residential park is in a brownfield location, a refund claim may be made for the 5% VAT on the apartments.
The development offers 195 new homes on nine floors, from studio apartments to five-room penthouse apartments with views. According to LIVING, “every apartment has an efficient floor plan, a terrace and plenty of natural light, and there are practical storage units and a two-level underground parking garage available to residents. In the ground floor corner of the building, at one of the busiest spots in the area, there will be a retail unit with inner height sufficient for a mezzanine floor.”
‘The first phase of the Park West residential park was completed in 2022,” said Tibor Tatar, Head of WING’s residential and office development division in Hungary. “Since then we have delivered phase two, and phase three will be ready this year – this shows that there is a strong demand for high-quality apartments with great transport infrastructure near the city centre. Park West Rise is one of the last newly-built residential properties in the fully rehabilitated Szabolcs utca in District 13, which makes it a milestone both for our company and for the development of Ferdinand Quarter.”
