Sales of the last phase of the Park West project, LIVING’s nearly 900-unit residential development, have started. Park West Rise offers 195 apartments in downtown Budapest, in a dynamically developing part of the city. The residential park is located between Szabolcs utca and Lőportár köz, right next to Dózsa György út and Lehel utca, in the Ferdinánd Quarter, an area that is currently enjoying a revival. Szabolcs utca is one of the main thoroughfares in Budapest’s District 13, where far-reaching infrastructure and urban development projects have been implemented in recent years. The results have made this area both more modern and more attractive to residents and investors alike.

Thanks to the Ferdinánd Quarter’s outstanding infrastructure and transport options, the residential park is easily accessible by car, public transport and bike, too. Within a 10-minute radius there are several stores, kindergartens and schools, as well as the office corridor of Váci út and the Nyugati railway station. On top of that, the city centre, Margaret Island, City Park, the WestEnd shopping centre, the Széchenyi Spa and the Budapest Zoo are all within walking distance. This makes the residential park an ideal option for those who want to experience the hustle and bustle of the city while being close to green areas and are looking for a comfortable home that holds its value while also having significant investment potential.

The development offers 195 new homes on 9 floors, from studio apartments to five-room penthouse apartments with views. 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. 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 Ferdinánd Quarter,’ said Tibor Tatár, Head of WING’s residential and office development division in Hungary.

Park West Rise offers environmentally friendly solutions, smart floor plans and premium construction standards for the maximum comfort of future owners. Ideal temperature will be ensured year-round by a modern heat-pump system and surface heating and cooling. This will be supported by the triple-layer glazing of the facade doors and windows and the impressive 15-cm thick heat insulation layer. The greenery of the inner courtyard will also contribute to the wellbeing of residents.

Every apartment will be a smart home that can be controlled through an app, and up to a certain development stage, owners can choose one of three basic smart home packages at no additional charge. As is typical in LIVING developments, popular community functions will also be available, including a community lounge, a business corner and a parcel locker.

LIVING aims to make everyday life simpler and more comfortable for apartment owners. To help make this a reality, LIVING Service’s professional team offers a range of services, from handover with an independent technical inspector to furnishing, renting, managing, or reselling the apartment.

Due to the brownfield location, private individuals can reclaim the 5% VAT on Park West Rise apartments. The residential park is expected to be completed at the end of 2027.