Wednesday, 23 July 2025
Sales have commenced for Park West Rise, the fourth and final phase of the Park West residential development in Budapest’s District 13. Located in the Ferdinánd Quarter, an area undergoing significant urban redevelopment, the new phase will add 195 modern, energy-efficient apartments to the downtown housing market. Completion is scheduled for late 2027, and units are currently available at introductory prices. Due to the brownfield nature of the site, buyers may be eligible for a refund of the 5% VAT on apartment purchases.
Park West Rise forms part of the broader Park West project, which will total nearly 900 apartments once completed. The development is situated between Szabolcs utca and Lőportár köz, adjacent to Dózsa György út and Lehel utca. District 13, particularly Szabolcs utca, has seen significant infrastructure and urban improvements in recent years, contributing to increased interest from both residents and investors.
The Ferdinánd Quarter offers strong transportation links and local amenities, making the area accessible by car, public transit, and bicycle. Within a ten-minute radius are various shops, schools, kindergartens, the Váci út office corridor, and the Nyugati railway station. The location also provides proximity to Margaret Island, City Park, the WestEnd shopping centre, the Széchenyi Spa, and the Budapest Zoo.
Park West Rise will comprise 195 apartments across nine floors, ranging from studio units to five-room penthouses with city views. All apartments will include terraces, functional layouts, and abundant natural light. Residents will also have access to storage spaces and a two-level underground car park. Additionally, the building’s ground floor will house a retail unit designed with ceiling height sufficient for a potential mezzanine level.
According to Tibor Tatár, Head of WING’s residential and office development division in Hungary, the earlier phases of the Park West project demonstrate sustained demand for centrally located apartments with strong transport connections. He noted that Park West Rise will be among the last new residential projects on rehabilitated sections of Szabolcs utca, marking a significant milestone for both the company and the Ferdinánd Quarter.
Park West Rise will incorporate environmentally sustainable features, including a modern heat pump system for heating and cooling, triple-glazed windows, and a 15-centimetre layer of thermal insulation. Landscaped green areas within the development will also contribute to residents’ well-being.
All apartments will be equipped with smart home technology, allowing residents to control various functions via mobile app. Buyers can choose from three basic smart home packages at no extra cost if selected during early stages of construction. Consistent with other LIVING projects, communal amenities will include a community lounge, business corner, and parcel lockers.
LIVING Service, the company’s service division, offers additional support for buyers, ranging from technical inspections during handover to assistance with furnishing, renting, property management, and resale.
The development is anticipated to be completed by the end of 2027.
