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 1120 Park Avenue - PJ South, any comments?

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cheraspeople
post Dec 12 2009, 11:15 PM

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yes it is quite high density but the price is attractive. Developer will pay you 7.5% of your unit price in 18 mths after construction and yet no interest charge during construction period. Hope it will appreaciate when completed.
airline
post Dec 12 2009, 11:19 PM

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i dont think any properties nearby sentosa appreciate before. maybe wrong
cheraspeople
post Dec 12 2009, 11:21 PM

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maybe but who knows after 4.5 years?
0106127
post Dec 13 2009, 12:22 AM

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QUOTE(graneon @ Dec 12 2009, 10:37 AM)
I'm going there today to find financing..might consider getting another unit if smaller unit still available. Anyway pbb & Cimb is out cos already have existing mortgage loans with them. Fyi pbb is offering free 42' LCD tv. Will Probably go for scb, UOB or OCBC. Since rate is the same , the lock in period shall be the deciding factor.
*
hihi.. u please pm me scb sales person contact.
i applied with uob n ocbc... didnt know abt scb package.

thanks


Added on December 13, 2009, 12:29 am
QUOTE(cheraspeople @ Dec 12 2009, 11:21 PM)
maybe but who knows after 4.5 years?
*
but with the new high way.. hope can appreciate
coz pj has got limited land left

This post has been edited by 106127: Dec 13 2009, 12:29 AM
airline
post Dec 13 2009, 04:22 AM

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guys u sure this is PJ address?
borebby
post Dec 13 2009, 09:27 AM

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i book a unit on the spot yesterday ....
not sure is good or not .... first time buy house ... little bit worry ...

ethan99
post Dec 13 2009, 10:02 AM

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QUOTE(airline @ Dec 13 2009, 04:22 AM)
guys u sure this is PJ address?
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i have checked with developer. they told me definitely under PJS address... in fact, i have check around that area also. some is PJS 1 to 3
cheraspeople
post Dec 13 2009, 10:12 AM

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i booked one also but a bit worried on ex-mining land. Per developer it shouldn't be any problem but of course they won't tell you the negative facts. However, i think they will do enough work before they build it.
lamode
post Dec 13 2009, 10:36 AM

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is this 99 year leasehold? anyone asked about the management fees?
graneon
post Dec 13 2009, 11:27 AM

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What's the problem with ex mining land. Remember kl is also once a mining area. Major residential area such as Sunway. Mutiara damansara, damansara Perdana , puchong etc are on ex mining land. Even sea reclaimation land is safe and ppl still buy i.e Melaka raya. At least is still safer than those solid land in Bukit antarabangsa. As long as earthwork & piling is done correctly, It should be safe. FYI the developer has completed many project around that area and I have yet to see building collapse.

ps: I love NPE highway... It makes my life smoother :-)

This post has been edited by graneon: Dec 13 2009, 11:49 AM
KLsooner
post Dec 13 2009, 01:23 PM

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First of all, I do not know where the exact site is, I searched Google map using the map attached by Legolas and found a site looks like a mining pond. I am not saying mining land is not good but for high rise, i just won't put my money into it, that's my choice, you have yours.


http://forum.lowyat.net/index.php?act=Atta...post&id=1351101

http://maps.google.com/maps?f=q&source=s_q...2,0.009624&z=17

This post has been edited by KLsooner: Dec 13 2009, 01:32 PM
airline
post Dec 13 2009, 01:26 PM

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is PJS a PJ address? Anyone.
eugene jk
post Dec 13 2009, 02:07 PM

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QUOTE(airline @ Dec 13 2009, 01:26 PM)
is PJS a PJ address? Anyone.
*
Aiseh... this world there is something call "Double-U Double-U Double-U dot Google dot com" whistling.gif

http://pjcityplan.mbpj.gov.my/esubmission/...ASAN%20MBPJ.jpg

This post has been edited by eugene jk: Dec 13 2009, 02:07 PM
limyusiong
post Dec 13 2009, 02:50 PM

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jus back fr show unit...booked a unit, L type...this project is selling like hot cakes...i think nt much new project u can get around 2xxk around PJ area...2nd, de finance package 90/10 is attractive...de SA very proud to say, tis 90/10 scheme is 1st time apply to tis price range wo...

paid booking, tml submit to bank loan..hope 14 days can settle...then sign S&P, follow by EPF withdrawal....hope everything smooth smooth..

1 thing nt really like, de project onli can complete by 2013...which mean i gonna wait 3 yrs....

P/S: PBB loan is nt free 42" LCD tv, is lucky draw la...
kheekuan
post Dec 13 2009, 04:34 PM

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i was there during launching today and it's like pasar malam.. really no joke..

personally i've owned some properties and keen to build my portfolio.. thus drove around the area and survey survey a bit.. noticed it's surounded by Malay kampung (no offence to Malay folks) and kinda rundown though next to the proposed site has some completed shop lots.. doubt they will appreciate anytime soon due to the fact the opposite shop looks kinda checkai, reminds me of Sunway Mentari.. =(
graneon
post Dec 13 2009, 05:53 PM

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Chinese school in Malay kampong... How ironic
gstrapinuse
post Dec 13 2009, 06:36 PM

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Booked 1 unit, impulse buying without much survey coz its really a good deal at such price around PJ areas.

Later only found out that its located on ex mining area, high rise building on ex mining area? WTH? I'm not sure though.

I have made a survey on this 1120 Park Avenue Sdn Bhd in which is wholly owned by Peter's Holding Sdn Bhd, in which is quite a strong developer and they hold hundreds of millions worth of projects in hand, joining venture with CIMB Mappletree etc.

PS: My only concern now is not whether the building on ex mining land will collapse, coz almost whole KL is on ex mining lands. I'm afraid whether this developer will lari coz the project has nt even started yet.

This post has been edited by gstrapinuse: Dec 13 2009, 06:40 PM
TSlegolas
post Dec 13 2009, 06:39 PM

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Back from the show room, about 80% - 90% sold, Tower 2 only left the lower unit and few on 17th floors, kind of like market, croweded with lots of ppl.
I brings 2 frens with me, they all book for 15th and 16th floor tower 2, facing swimming pool. now we can bargain with banker to get more better package thumbup.gif
not many choices left for tower 2, for tower 1 still can choose for unit facing the main road there are many unit left there.
ethan99
post Dec 13 2009, 07:19 PM

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QUOTE(legolas @ Dec 13 2009, 06:39 PM)
Back from the show room, about 80% - 90% sold, Tower 2 only left the lower unit and few on 17th floors, kind of like market, croweded with lots of ppl.
I brings 2 frens with me, they all book for 15th and 16th floor tower 2, facing swimming pool. now we can bargain with banker to get more better package  thumbup.gif
not many choices left for tower 2, for tower 1 still can choose for unit facing the main road there are many unit left there.
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Hi Legolas,

Make sure share with us what is the better rate from banker? do you know why ppls are buying tower2 more instead of tower1? any reason? if i not mistaken they are going to launch the 3 more towers. do you think this 1120 project can gain appreciation for 20% !!!
TSlegolas
post Dec 13 2009, 08:06 PM

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QUOTE(ethan99 @ Dec 13 2009, 07:19 PM)
Hi Legolas,

Make sure share with us what is the better rate from banker? do you know why ppls are buying tower2 more instead of tower1? any reason? if i not mistaken they are going to launch the 3 more towers. do you think this 1120 project can gain appreciation for 20% !!!
*
I have bought a unit on tower 2 facing West, for chinese it is not good but some say feng shui is more on how the entrance face instead, if anyone can shed some light here then will be good? I'm too rush of making the booking, just see and buy without thinking much - I'm rushing to work that day blush.gif just paste the order in 30 minutes time.... rclxub.gif

one side of the Tower 1 is facing the main road - perhaps this will produce noice hence more unit available, the side facing the swimming pool is almost fully book, but i think still can get for lower or higher one.

On tower 2, the side facing W and also facing swimming pool are almost full book (this is where my unit face), the other side is facing the field, after the field will be the second phase which is not launch yet.
Another selling point for tower 2 perhaps it is more nearer to swiming pool.

Base on the demand on the current phase, I think phase 2 will have at least 10% appreciation, let us wait and see, i'm very optimistic about the appreciation icon_rolleyes.gif

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