Richmond Regency Park was Richmond's premier concrete 17 storey high-rise project that was built more than 30 years ago. For many years. the 3 high-rise towers were one of the most outstanding land-marks in Richmond city Center. Residents on the higher floors at Regency Park Towers can enjoy sweeping views of Richmond and the snow-capped mountains of Northshore and Mt. Bakers.
In spite of its age, Richmond Regency Park is still a favourite residence for many of its residents.
Prime Richmond City Center Location
Richmond Regency Park towers are located in Richmond City Centre, and to the east of Richmond Centre Shopping Mall. The high-rise towers are within walking distance to Minoru Park, Richmond main library, Minoru Community Centre, Richmond Aquatic Center, Ice Skating Arena and Richmond Center Mall.
Over the past few years, many more high-rise condos like Acqua, Ocean Walk, Lotus Living, Versante' Hampton Park, etc were built in and around Richmond City Center. Richmond Regency Park Towers compared very favourably on location, amenities and being next to scenic Minoru Park. Richmond Regency Park condos are affordable alternative residences for home owners who prefer living in the City Centre of Richmond.
The convenience of Richmond Centre Shopping Mall, the soon to be completed Skytrain transit system, public amenities, etc enhance the attractiveness of having a residence at Richmond Regency Park Towers.
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Price History
The appearance of Regency Park Towers may not be as appealing as compared to the new condos. But, compared with the newer condos around Richmond's City Center, the selling price per sq ft at Richmond Park Towers at just around $300 per sq ft is un-beatable. The following table summarized the condo prices from 2005 to present:
| Condo Type | Size sq ft | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
| 1 Bedroom | 626 to 879 | $138K/176K | $145K/200K | $194K/238K | $210K/232K | $166k/249k | $258k |
| 1 Bedroom + den | 805 to 895 | $170K/180K | $195K/209K | $220K/245K | $290K | $215k/261k | $261k |
| 2 Bedroom | 1,043 to 1,256 | $210K/275K | $223K/256K | $265K/365K | $298K/345K | $248k/348k | $305k/359k |
| 2L Bedroom | 1,463 to 1,623 | $280K | $325K | $322K/360K | No Sale | $310k/$348k | NA |
| 3 Bedroom | 1,570 | No Sale | no Sale | $368K/375K | No Sale | $282k/393k | NA |
The Regency Park towers cost around $300 per sq ft, and this compared favourably with current new condos' prices around $450 to $500 per sq ft. A smart home buyer who desires a more comtemporary home can spend a moderate sum of money to remodel and up-date his/her condo. Some buyers will pay a higher price for units that are on higher floors that have panoraic view of the Minoru Park and the snow-capped mountains.
If you like to have more information on the condos available for sale at Richmond Regency Park, kindly email me.
Tell us some stories about richmond and you! :-)
Thanks Liz. I will be taking some time to write more about Richmond and interesting things, events and people around my neighborhoods. You are just so imaginative and good with you posts. I enjoy reading all of them.