Is Parkside Residences freehold or leasehold?
Leasehold. The advertising and sales permit records a 99-year lease expiring 23 June 2116, which leaves about 90 years to run. The land is charged to CIMB Investment Bank Berhad and carries a restriction in interest requiring state consent before any transfer, lease or charge.
Figures checked August 2026 · Parkside Residences, Jalan Bangsar, Kuala Lumpur
- Tenure
- Leasehold, 99 years
- Lease expires
- 23 June 2116
- Years remaining
- about 90
- Restriction in interest
- Consent needed to transfer, lease or charge
- Approving authority
- Dewan Bandaraya Kuala Lumpur
About 90 years is a long lease by Kuala Lumpur standards, and it is well clear of the point where lenders start shortening loan tenures or valuers start discounting. The lease length is not the thing to worry about on this one.
The restriction in interest is the practical detail. A transfer, lease or charge needs the consent of the Kuala Lumpur Federal Territory Land Executive Committee, and that consent takes time — weeks to months — which you plan into a sale rather than discover during one. It is standard for leasehold land in the city rather than specific to this development.
For the record, the approving authority is Dewan Bandaraya Kuala Lumpur, under building plan reference DBKL.JKB.BPS1OSC20241099(27), and the land is charged to CIMB Investment Bank Berhad.
Want the current price list for Parkside Residences?
Unit availability and floor-by-floor pricing are not published anywhere. Ask me and I will send them across.
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