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.