Tuesday, 23 June 2026
KronenPark Residences, a residential development by West Group in the Pipera area of Bucharest, has sold 15 apartments over the past month, with transactions exceeding €3 million in total value.
The project comprises 547 apartments across eight buildings on a 23,000 sqm site. According to the developer, approximately 90 percent of the construction teams required for the development have been contracted.
Dan Crăciunescu, Founder of West Group, said the project is currently the most advanced development under the Kronen brand and will serve as a reference for future projects in Romania and Germany.
The developer reports that most buyers are professionals and entrepreneurs purchasing homes for personal use, while interest has also been recorded from Romanians living abroad, particularly in the United Kingdom, Germany, Spain and Canada.
Construction works are continuing across the site. The structural framework of all buildings has been completed, exterior aluminium window systems have been installed, façade works are underway and building services installations are in progress.
KronenPark Residences will include apartments ranging from studios to penthouses. Planned amenities include underground parking, electric vehicle charging stations, smart home systems, concierge services, property management and a private park.
Cristina Feodorov, Sales Director of KronenPark Residences, said buyers are increasingly focused on construction progress and the financial stability of developers when making purchasing decisions. She added that current prices remain unchanged from the project’s launch phase, with revisions expected as construction advances.
The developer states that demand in Bucharest’s premium residential market remains active, although buyers are taking a more cautious approach and placing greater emphasis on project delivery and construction status.
