Wednesday, 15 October 2025
LIVING, the residential development brand of WING, has completed the third phase of its Park West project in Budapest’s District 13. The development, located on Szabolcs utca in the Ferdinánd Quarter, has received its final occupancy permit, marking the handover of 230 new apartments. A limited number of move-in-ready units remain available, with the site classified as a brownfield redevelopment, allowing buyers to reclaim the 5% VAT.
The Park West complex, launched in 2019, is being built in four stages. The first two phases—Park West 1 and 2—were completed in 2022 and 2023 respectively, while construction of the fourth phase, Park West Rise, began in mid-2025. Situated close to Dózsa György út and Lehel utca, the project benefits from strong public transport connections, including the M3 metro line and tram 14, as well as proximity to major city landmarks such as Westend shopping centre, City Park, and Széchenyi Baths.
The newly completed Park West 3 features A+ energy-rated buildings with a range of units—from compact studio apartments to larger five-room penthouses. Energy-efficient systems include heat pumps, surface heating and cooling, triple-glazed windows, and enhanced insulation, ensuring year-round comfort and reduced energy use.
“The completion of the third phase of the Park West project is another important milestone and contributes to the transformation of District 13,” said Tibor Tatár, Head of WING’s residential and office development businesses. “The Ferdinánd Quarter has evolved from an industrial area into a modern residential district with strong infrastructure and urban amenities. The brownfield status also allows buyers to benefit from VAT reclaim.”
Residents have access to several shared amenities designed to support contemporary urban living, including a community lounge, play area, home office corner, 24-hour parcel point, and shared tool shed. Each apartment includes smart home features as standard, with further upgrades available through LIVING’s SMART+ package.
LIVING also provides post-purchase support through LIVING Service, which assists owners with property handovers, furnishing, rental management, and resale. With the company’s mobile app, residents can manage smart home functions, book community spaces, and access on-site services conveniently.
When fully completed, the Park West project will include nearly 1,000 homes, further consolidating LIVING’s role in the ongoing renewal of Budapest’s District 13 and its focus on energy efficiency, digital living, and urban connectivity.
