Park George Condos & Townhomes at King George Station, Surrey

By Alex Dunbar Personal Real Estate Corporation  |  Updated April 2026  |  10 min read

Park George at a Glance

Detail	Info
Project Name	Park George
Developer	Concord Pacific
Property Type	Mixed (condos & townhomes)
Location	City Centre / Whalley, Surrey
Total Units	676
Unit Types	1-bed, 2-bed, 3-bed, townhome
Size Range	500 - 1,600 sqft
Price Range	$450,000 - $1,100,000 (estimated as of April 2026)
Price Per Sqft	Estimated $800 - $900
Estimated Completion	Tower 1 move-in ready (2025). Tower 2 nearing completion.
Sales Status	Now selling
Deposit Structure	10% total: 5% on signing, 5% in 60 days (limited-time promotional offer)
Assignment Allowed	To be confirmed with sales centre
Best For	Buyers who want new construction near King George SkyTrain with a deposit barrier well below typical Surrey City Centre towers
Key Benefit	5-minute walk to King George SkyTrain with 53,000+ sqft of amenities in a master-planned community
Key Drawback	Most units exceed the GST rebate threshold, adding $22,500 - $55,000+ to total cost

Should You Buy at Park George?

If you're comparing pre-sale condos in Surrey City Centre, Park George is one of the projects you'll see on every list. Twin towers, 676 units, a developer with 30+ years in the market, and a location that's genuinely close to the SkyTrain. But "close to SkyTrain" and "good investment" are not the same thing. Here's what the numbers actually look like, what the sales centre won't emphasize, and whether this project makes sense for your situation.

Project Overview

Park George is the final phase of Concord Pacific's Park Place master-planned community at 13778 100 Avenue in Surrey. The project consists of 2 towers (39 & 36 storeys) with 676 total units, designed by dys architecture with interiors by LIV Interiors. This is not an early-stage announcement; earlier Park Place phases are already occupied, and Tower 1 is move-in ready.

Unit mix:

Type	Size Range	Price Range (est. April 2026)	Parking	Locker
1-bed	500 - 650 sqft	$450,000 - $550,000	Not included	Not included
2-bed	850 - 1,083 sqft	$700,000 - $988,400	Included	Included
3-bed	1,241 - 1,245 sqft	From $1,056,400	Included	Included
Townhome	1,200 - 1,600 sqft	From $900,000	Included	Included

2-bed and 3-bed plans include 251 - 492 sqft of outdoor space, which is significant for tower living.

Amenities (53,130 sqft total):

• Indoor swimming pool & outdoor hot tub
• Gym, virtual spin & yoga studio, sauna
• 24/7 co-working lounge
• Game lounge & cinema deck
• Rooftop garden with yoga area
• Children's play space
• Outdoor amenity areas

Location & Neighbourhood

Park George sits at 13778 100 Avenue, directly in Surrey City Centre. The King George SkyTrain station is approximately 400 metres away, which is a genuine 5-minute walk, not a developer's optimistic estimate.

Commute times:

• Vancouver downtown: 40 - 45 minutes by SkyTrain (Expo Line from King George)
• Surrey Centre: On site / walking distance
• Highway access: 5 minutes to Highway 99A, 10 minutes to Highway 1

Walk & Transit Scores (estimated):

• Walk Score: 80 - 85
• Transit Score: 75 - 80

What's nearby:

• King George Hub (adjacent)
• Central City Shopping Centre (500m)
• Holland Park (adjacent, Surrey's primary urban park)
• SFU Surrey Campus (1 km)
• Kwantlen Polytechnic University (2.5 km)
• Green Timbers Urban Forest (1.5 km)

Schools:

• Simon Fraser University, Surrey Campus (post-secondary, 1 km)
• Kwantlen Polytechnic University (post-secondary, 2.5 km)
• Forsyth Road Elementary (distance to be confirmed)
• Queen Elizabeth Secondary (distance to be confirmed)

What the area looks like right now:

Surrey City Centre is in a major growth phase. The area around King George station is transitioning from low-rise commercial to a high-density urban centre. There is active construction on multiple projects within a few blocks. The streetscape is still evolving, so expect construction activity for the next 3 - 5 years. Holland Park provides a green anchor, and SFU's campus adds a university-town feel. This is not a quiet suburban neighbourhood; it is an emerging urban core.

Planned infrastructure:

• Surrey-Langley SkyTrain extension (under construction, estimated 2028)
• Densification around King George Hub (city plan)
• New civic infrastructure: city hall, library, cultural centre planned for area
• Improved pedestrian & cycling infrastructure along 100 Avenue corridor

Who This Is a Good Fit For

• First-time buyers with $50,000 - $60,000 saved who want to lock in a new unit with a 10% deposit while the promotional structure lasts
• Transit-dependent buyers who need daily SkyTrain access to Vancouver or other parts of Metro Vancouver
• Downsizers from detached homes in Surrey or Langley who want modern construction, amenities, and low maintenance
• Investors targeting rental income in a high-density transit corridor with university demand (SFU & KPU nearby)
• Buyers who want move-in-ready or near-ready units, since Tower 1 is already complete and Tower 2 is nearing completion
• Families needing 2-bed or 3-bed space who want the outdoor sqft that the larger plans offer (250 - 490+ sqft patios)

Who This Is NOT a Good Fit For

• Buyers who need parking with a 1-bed unit, as parking is not included and availability is unconfirmed
• Anyone on a tight budget expecting to avoid GST, as most units here exceed the $450,000 rebate threshold, meaning full 5% GST applies on top
• Buyers who want an established, quiet neighbourhood, as Surrey City Centre has ongoing construction and is still transitioning
• Quick-flip assignment investors, as the assignment policy is unconfirmed and the market for pre-sale assignments has cooled
• Buyers uncomfortable with Concord Pacific's finishing quality, as some owners in earlier Park Place phases have reported mixed experiences with deficiency timelines

Pricing & Value Analysis

All pricing is estimated as of April 2026. Pre-sale pricing changes; confirm directly with the sales centre.

Price by Unit Type

Unit Type	Price Range	Est. $/sqft	Outdoor Space
1-bed	$450,000 - $550,000	$850 - $900	N/A
2-bed	$700,000 - $988,400	$800 - $900	392 - 492 sqft
3-bed	From $1,056,400	~$850	251 - 370 sqft
Townhome	From $900,000	To be confirmed	Varies

GST Impact

Pre-sale units are subject to 5% GST. The federal GST New Housing Rebate only applies to homes under $450,000 (full rebate under $350,000). Most Park George units exceed this threshold. Budget for full GST:

Unit Example	Purchase Price	GST (5%)	Total Cost
1-bed (low end)	$450,000	$22,500	$472,500
2-bed (mid)	$800,000	$40,000	$840,000
3-bed	$1,056,400	$52,820	$1,109,220

Monthly Cost Estimate (2-bed at $800,000 + GST)

Cost	Monthly
Mortgage ($672,000 at 5%, 25yr amortization)	~$3,900
Strata fees (estimated)	~$350
Property tax (estimated)	~$200
Total	~$4,450/mo

Assumes 20% down payment ($168,000 including GST). Actual mortgage rate will vary.

Pre-Sale vs Resale in Surrey City Centre

Factor	Park George (pre-sale)	Resale Condos (City Centre)
Price (2-bed)	$700,000 - $988,400	$550,000 - $700,000 (est.)
$/sqft	$800 - $900	$650 - $750 (est.)
GST	Yes (5%)	No
Age	New construction	5 - 15 years old
Warranty	BC 2-5-10	Expired or limited
Move-in	Tower 1 now, Tower 2 soon	Immediate

The pre-sale premium is roughly $100 - $200/sqft over resale. You get new construction, full warranty, and modern layouts. Resale gives you immediate move-in, no GST, and a known product (you can see the actual unit, not a rendering). For a side-by-side comparison of all 5 active Surrey pre-sale projects, see Best Pre-Sale Condos and Townhomes in Surrey (2026). For a deeper look at this decision, see the pre-sale vs resale comparison for Surrey.

Deposit Structure & Financial Commitment

Park George is currently offering a limited-time promotional deposit of 10%, which is unusually low for Concord Pacific. Their standard deposit structure is typically 15% - 20%.

Current Deposit Schedule

Payment	Amount	Timing
Deposit 1	5%	On signing
Deposit 2	5%	60 days after signing
Total	10%

Sample Dollar Amounts

Unit Price	Total Deposit (10%)	Deposit 1 (5%)	Deposit 2 (5%)
$500,000	$50,000	$25,000	$25,000
$800,000	$80,000	$40,000	$40,000
$1,056,400	$105,640	$52,820	$52,820

Important notes:

• This 10% promotional deposit may not be available indefinitely. Confirm with the sales centre whether it is still active.
• Deposits are held in trust per BC real estate regulations.
• BC's 7-day rescission period applies: you can cancel within 7 days of signing for a 0.2% fee (e.g., $1,600 on an $800,000 unit).
• Assignment policy is unconfirmed. If you may need to sell before completion, confirm whether Concord Pacific allows assignments and what fees apply before signing.

Developer Profile: Concord Pacific

Detail	Info
Company	Concord Pacific
Headquarters	Vancouver, BC
Years Active	30+
Website	concordpacific.com

Notable past projects:

Project	City	Completed	Type
Concord Place (False Creek)	Vancouver	1990s - 2000s	Condo
Park Place (Phase 1-3)	Surrey	2020 - 2024	Condo
Concord Brentwood	Burnaby	2020s	Condo
One Pacific	Vancouver	2020	Condo
Concord Gardens	Richmond	2018	Condo

Honest assessment:

Concord Pacific is one of BC's largest and most established developers. They built out most of False Creek North in Vancouver, which remains one of the largest single-developer communities in Canada. Financially, they are stable and unlikely to stall mid-project. They consistently deliver on completion.

The trade-off: some buyers in earlier Concord Pacific buildings report mixed experiences with finishing quality and deficiency resolution timelines. This does not mean the buildings are poorly built, but it does mean you should be thorough during your deficiency walk-through and document everything.

Comparison: Park George vs Alternatives

Factor	Park George	Holland Park Living	Resale (City Centre)
Developer	Concord Pacific	Anthem Properties	Various
Price (2-bed)	$700K - $988K	Est. mid $400Ks - $900Ks	$550K - $700K
$/sqft	$800 - $900	To be confirmed	$650 - $750
Completion	Tower 1 ready, Tower 2 near-ready	Phases vary, some complete	Move-in ready
Deposit Required	10% (promotional)	To be confirmed	5% - 20% (mortgage)
Transit Access	5 min to King George SkyTrain	Walking distance	Varies
Strata Fees (est.)	To be confirmed	To be confirmed	$300 - $450/mo
GST Applies	Yes	Yes (new units)	No

Georgetown by Anthem Properties is the largest master-planned competitor in Surrey City Centre (14.4 acres, 3,618 planned homes). Parkway by Bosa Properties is the other major master-plan, with Tower 1 sold out and Tower 2 (Intersect, 52 storeys) now selling. Amson Bloc Phase 2 in Sullivan/Panorama offers a lower entry point (from high $400Ks) for buyers who don't need to be in City Centre.

Holland Park Living by Anthem Properties is also a nearby competitor in Surrey City Centre. It is a more established community with earlier phases already occupied. The location is slightly different within City Centre but comparable for transit access.

Resale in City Centre gives you no GST, immediate occupancy, and a known product. You trade that for older layouts, no warranty, and typically lower amenity standards. For most buyers, the decision comes down to: are you willing to pay 15% - 25% more (after GST) for new construction?

Risks & Trade-offs

Every pre-sale purchase carries risk. Here is what applies to Park George specifically:

Completion risk: Tower 1 is already move-in ready and Tower 2 is nearing completion, which significantly reduces completion risk compared to a project that is still in pre-construction. This is one of Park George's genuine advantages.

Market risk: If Surrey condo prices decline before you take possession, you are locked in at today's price. However, with Tower 1 complete and Tower 2 near-ready, the exposure window is shorter than a typical pre-sale.

Deposit risk: With the promotional 10% deposit, your capital at risk is lower than most pre-sales (typically 15% - 20%). On an $800,000 unit, that is $80,000 tied up. On a standard 20% deposit, it would be $160,000.

Construction quality: Some owners in earlier Park Place phases have reported mixed experiences with deficiency resolution. Budget time for a thorough deficiency walk-through and follow-up.

Strata fees: Developer-set strata fees are often lower than what the strata council will eventually set. Expect increases after the first 1 - 2 years of operation, especially with 53,000+ sqft of amenity space to maintain (pool, hot tub, gym, co-working space).

Assignment risk: The assignment policy is unconfirmed. If you plan to sell before completion, this is a critical question to answer before signing.

Area development risk: Surrey City Centre's transformation is underway but not complete. The Surrey-Langley SkyTrain extension is estimated for 2028. Civic infrastructure (city hall, library) is planned but not built. Expect 3 - 5 more years of active construction in the surrounding area.

GST: Adds $22,500 - $55,000+ to total cost. Most units exceed the rebate threshold, so there is no offset available.

What the Developer Won't Tell You

1. The neighbourhood is still a construction zone. Surrey City Centre is mid-transformation. The renderings show a polished urban core, but the reality for the next 3 - 5 years is active construction on neighbouring sites, evolving streetscapes, and the kind of growing-pains noise that comes with rapid densification. This will improve, but move-in day will not look like the marketing materials.

2. Strata fees will likely increase. A 53,000+ sqft amenity package (indoor pool, hot tub, sauna, gym, cinema, co-working space) is expensive to operate. Developer-estimated strata fees are typically based on the first year of operation. Expect meaningful increases once the strata council takes over and actual operating costs become clear.

3. The 10% deposit is a promotional offer, not standard. Concord Pacific's typical deposit structure is 15% - 20%. The current 10% offer makes the entry point more accessible, but if it expires before you sign, budget for a higher deposit. Ask the sales centre for the current deposit terms before assuming 10%.

Floor Plan Analysis

Park George offers a range of layouts across 1-bed, 2-bed, 3-bed, and townhome configurations.

The 2-bed and 3-bed plans stand out for their outdoor space, with patios ranging from 251 to 492 sqft. That is substantial and adds real usable living area. The 2-bed plans range from 850 to 1,083 sqft interior, which is competitive for Surrey City Centre tower living.

1-bed units at 500 - 650 sqft are typical for the market. Note that parking and locker are not included with 1-bed plans, which adds to total cost.

Corner units and higher floors will carry premiums, but specific premiums are not published. Ask the sales centre about view premiums and unit-specific pricing.

Floor plans are available at the sales centre or on the developer's website at parkgeorge.com. I can walk you through the options and help identify which plans line up with your budget and priorities.

Frequently Asked Questions

What does a 2-bed at Park George cost?

2-bed units range from $700,000 to $988,400 (estimated as of April 2026), plus 5% GST. A mid-range 2-bed at $800,000 costs $840,000 after GST. Confirm current pricing with the sales centre as prices change.

Is GST included in the listed prices?

No. All listed prices are before GST. Budget for 5% GST on top of the purchase price. Most Park George units exceed the $450,000 threshold for the GST New Housing Rebate, so the full 5% applies.

What is the deposit structure?

Currently 10% total: 5% on signing, 5% within 60 days. This is a limited-time promotional offer. Concord Pacific's standard presale deposit structure is typically 15% - 20%. Confirm the current offer is still available before making plans.

Can I assign my contract before completion?

The assignment policy is unconfirmed. Contact the sales centre or review the disclosure statement before signing if assignment flexibility is important to you.

How does Park George compare to buying resale in Surrey City Centre?

Pre-sale at Park George costs roughly $100 - $200 more per sqft than resale, plus GST. You get new construction, full BC 2-5-10 warranty, modern layouts, and 53,000+ sqft of amenities. Resale gives you immediate move-in, no GST, and a unit you can physically inspect before buying.

What if the developer delays completion?

Completion risk is lower here than typical pre-sales because Tower 1 is already move-in ready and Tower 2 is nearing completion. However, delays can still happen. Your purchase contract outlines your rights if the completion date is pushed. Review the "outside date" clause carefully.

What happens to my deposit if I change my mind?

BC law gives you a 7-day rescission period. You can cancel within 7 days of signing for a 0.2% fee ($1,600 on an $800,000 unit). After the rescission period, your deposit is non-refundable unless the developer defaults on their obligations.

When will Park George be ready to move in?

Tower 1 is move-in ready as of 2025. Tower 2 is nearing completion. Specific unit availability and move-in timelines depend on which tower and floor you purchase. Confirm with the sales centre.

What is the neighbourhood like right now?

Surrey City Centre is an emerging urban core, not a finished neighbourhood. Expect active construction on nearby sites for the next 3 - 5 years. Holland Park is adjacent and provides green space. SFU Surrey and King George Hub are within walking distance. The area is well-served by transit but is still evolving.

Is Park George a good investment property?

The proximity to SFU, KPU, and the SkyTrain supports rental demand. A 1-bed could potentially rent for $2,000 - $2,300/mo; a 2-bed for $2,800 - $3,200/mo (estimated). However, rental yields on new construction are typically lower than resale because purchase prices are higher. Run the numbers for your specific unit before assuming positive cash flow.

Who is Concord Pacific?

Concord Pacific is one of BC's largest developers with 30+ years in the market. They developed most of False Creek North in Vancouver, along with major projects in Burnaby, Richmond, and Surrey. They are financially stable and consistently deliver on completion, though some buyers report mixed experiences with finishing quality and deficiency timelines.

Does parking come with every unit?

No. Parking and locker are included with 2-bed and 3-bed plans. 1-bed parking availability is unconfirmed. If you need parking with a 1-bed unit, confirm availability and cost before signing.

Pricing estimates are as of April 2026 and are subject to change. This article is for informational purposes and does not constitute financial or legal advice. Always review the disclosure statement with a lawyer before signing a pre-sale contract.