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> 1120 Park Avenue - PJ South, any comments?

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TSlegolas
post Dec 10 2009, 11:35 AM, updated 14y ago

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Come across 1120 PArk Avenue on today newspaper, quite attractive condominium comparable to its' price.
Starting price from 162k - 265k.
870 sq ft, 1020 sq ft, and 1193 sq ft.
interest free during construction period
Leasehold
completion Dec 2013
Total unit 1120

http://www.1120parkavenue.com/

The developer - Park Avenue Sdb Bhd, does anyone know about this developer? any previous project they had completed so far?

Anyone staying around this area? Is this worth for own stay or investment?

Any comments here is great appreciate.

Thanks

mingyew
post Dec 10 2009, 12:04 PM

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nice location ! go 1u area only 10km, 7min to sunway or midvalley, 15km from golden triangle, 20min to cyberjaya
EdwinTan
post Dec 10 2009, 12:10 PM

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lol.. I staying nearby also din know got such condo launching... want go see see when free tongue.gif
mingyew
post Dec 10 2009, 12:16 PM

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QUOTE(EdwinTan @ Dec 10 2009, 12:10 PM)
lol.. I staying nearby also din know got such condo launching... want go see see when free tongue.gif
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where u stay? im in sri sentosa
rakyat
post Dec 10 2009, 12:20 PM

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QUOTE(mingyew @ Dec 10 2009, 12:04 PM)
nice location ! go 1u area only 10km, 7min to sunway or midvalley, 15km from golden triangle, 20min to cyberjaya
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Where is the location? From the map it wlloks like it is in the Kg. Medan area; somewhere near the NPE toll.

Pricing is reasonable with 10/90 scheme but leasehold and questionable location.

How far is it from new Taylor Campus whistling.gif
airline
post Dec 10 2009, 12:26 PM

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where got nice location..
have to pay toll when go anywhere..

isnt this condo half way being built already
mingyew
post Dec 10 2009, 12:30 PM

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QUOTE(rakyat @ Dec 10 2009, 12:20 PM)
Where is the location? From the map it wlloks like it is in the Kg. Medan area; somewhere near the NPE toll.

Pricing is reasonable with 10/90 scheme but leasehold and questionable location.

How far is it from new Taylor Campus  whistling.gif
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i oso not sure. let me go to the show unit and ask.
i guess is behind the new shop lot of petaling utama.
where is taylor new campus?

EdwinTan
post Dec 10 2009, 12:37 PM

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QUOTE(mingyew @ Dec 10 2009, 12:16 PM)
where u stay? im in sri sentosa
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tmn medan pejasa


Added on December 10, 2009, 12:40 pm
QUOTE(airline @ Dec 10 2009, 12:26 PM)
where got nice location..
have to pay toll when go anywhere..

isnt this condo half way being built already
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being build half way d? why I din see sweat.gif Maybe I always turn right and not left becos turn left need pay toll d.. haha.. ya.. if go pyramid need toll but still can skip the toll if you wan take a long route pass the kampung.

This post has been edited by EdwinTan: Dec 10 2009, 12:40 PM
mingyew
post Dec 10 2009, 03:32 PM

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QUOTE(EdwinTan @ Dec 10 2009, 12:37 PM)
tmn medan pejasa


Added on December 10, 2009, 12:40 pm
being build half way d? why I din see  sweat.gif Maybe I always turn right and not left becos turn left need pay toll d.. haha.. ya.. if go pyramid need toll but still can skip the toll if you wan take a long route pass the kampung.
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sunway toll, definitely can skip easily, juz extra 4km road.
i dont see any toll going to anywhere, either kepong or even airport (which consider very worth to skip)
rakyat
post Dec 10 2009, 03:36 PM

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QUOTE(mingyew @ Dec 10 2009, 12:30 PM)
i oso not sure. let me go to the show unit and ask.
i guess is behind the new shop lot of petaling utama.
where is taylor new campus?
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So does any1 know the exact location? Kg. Medan or after the toll (heading to Sunway)?

B/4 toll then location is no good (surrounded by flats and pretty run down industrial lots), after toll then location is superb coz just walking distant fr new Taylor w. new commercial area.
babana
post Dec 10 2009, 06:19 PM

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wah, 1120 units? pretty high density if u ask me... hmm.gif
aquest
post Dec 10 2009, 06:21 PM

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QUOTE(legolas @ Dec 10 2009, 11:35 AM)
Come across 1120 PArk Avenue on today newspaper, quite attractive condominium comparable to its' price.
Starting price from 162k - 265k.
870 sq ft, 1020 sq ft, and 1193 sq ft.
interest free during construction period
Leasehold
completion Dec 2013
Total unit 1120

http://www.1120parkavenue.com/

The developer - Park Avenue Sdb Bhd, does anyone know about this developer? any previous project they had completed so far?

Anyone staying around this area? Is this worth for own stay or investment?

Any comments here is great appreciate.

Thanks
*
the price u quoted is for bumi only. the actual price actually starts from RM180k up or around RM207 psf. service charge w/o sinking fund is 15 sen psf. currently opening just 2 (east-west orientation) of 5 blocks. each block has 14 units x 16 levels = 224 units. 1st 3 levels r used for carpark while the 4th fl houses the swimming pool n facilities.

u will be personally served by the boss peter's dotters. located at 7th mile okr/npe.

pro
1. only 1/2 km to NPE, excellent accessibility. on a straight line, its less than 2km from pj old town. using NPE can reach bangsar in 5 min & sunway in 3 min.
2. pay only 10% upfront. developer continues to 'absorb' next 18 mths of ur instalments (maximum up to 7.5% of the purchase price) after vp.
3. situated adjacent to Yuk Chun chinese primary school
4. can view all the actual 3 types of showunits.
5. all units come with 2 parking bays. bigger units have priority for side to side parking n lower level as well.

con
1. surrounded by low cost apts and many shoplots nearby r still untenanted for years after vp.
2. leasehold n ex-mining land.
3. developer reputation is less than mediocre but believe has impoved. they also developed the high end papillon in taman desa.
4. security concern in that petaling utama area. lotsa active mat rempits and reported snatch theft at nite. remember the body of a child in the bag was found outside a shop in petaling utama? its just opposite this project.

initially was attracted to the earlier estimated price of RM162k for smallest unit but left disappointed when told that its applicable only
to bumi.

Klesk
post Dec 10 2009, 10:47 PM

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good point there aquest!. very helpful indeed i think that kinda summarize all. pros is excellent accesibility have to agree on that but the other hand security is a major concern coz i personally been around the area and rempits are rampant there, they ride bikes without obeying any rules.

hmm but hopefully since this is a condo the security level is tight and ample enuff
TSlegolas
post Dec 11 2009, 09:59 AM

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thanks aquest for all the useful points!
i think with all the cons here tht's make up the attractive price here , will goto show rooms today have a look. icon_rolleyes.gif
ethan99
post Dec 11 2009, 10:04 AM

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QUOTE(Klesk @ Dec 10 2009, 10:47 PM)
good point there aquest!. very helpful indeed i think that kinda summarize all. pros is excellent accesibility have to agree on that but the other hand security is a major concern coz i personally been around the area and rempits are rampant there, they ride bikes without obeying any rules.

hmm but hopefully since this is a condo the security level is tight and ample enuff
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Hi Aquest,

Thanks for your information... i might going there to view the show room. between anyone know the sales charts? how much do there sell already ?
graneon
post Dec 11 2009, 11:13 AM

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Went there yesterday and placed a booking fee. Having to just pay 10% and nothing more for 4.5 years is a dream for investors. With many launching of medium cost apartment now breaching rm200k entry point, the pricing for this apartment is quite attractive for both first time owners or investors. Eventhough surounding is not that ideal, the location is great. Just hope this developer delivers what has been promised.
SUSlokideangelus
post Dec 11 2009, 11:54 AM

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how come all the below rm200k oni for bumi only? comparing this with 1 Petaling and Taragon what do u all think ?
feizaiII
post Dec 11 2009, 06:18 PM

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Kind easy entry cost.. 1120 units in 5 block? kinda high density too
TSlegolas
post Dec 11 2009, 06:21 PM

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just came back from the show room, had place an booking, during construction period interest will be bare by the developer, after construction complete developer continue to pay for the installment for 18 months, up to 7.5% of the housing price.
I have see around 40% has been sold in 2 days.
Location is ok.

Couple of bankers can be found there, standard chartered, OCBC, UOB, CIMB and public bank.
Amongst them UOB can provide the good rate - BLR-1.85, the rest are BLR-1.8

Since i planning for investment, still waiting for the bank to confirm the commence date of 5 years locking period.




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graneon
post Dec 11 2009, 11:14 PM

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QUOTE(babana @ Dec 10 2009, 06:19 PM)
wah, 1120 units? pretty high density if u ask me... hmm.gif
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Hello...1120 units on 12 acre is consider high density? That's 94 units per acre. Dont compare with high end or landed property. Even 1 petaling and park 5 has higher no of unit per acre...eventhough these projects are pricier than park avenue.

@legolas
I think standard chartered lock in period commences from signing of letter of offer



This post has been edited by graneon: Dec 11 2009, 11:25 PM

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