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

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.

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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Does anyone know whether SPA legal/stamping fees and Loan legal/stamping fees will be waive for this project?

about 70% have been sold out, tower 2 almost finish, but tower one still got some especially those facing the main road.

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
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.

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 just paste the order in 30 minutes time....

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

UOB can give -1.85, best rate amongst the other, CIMB giving -1.70 - according to them they can request more higher, SC is -1.8, the lock in period commence when you sign the offer letter, I think the rest is giving -1.8 too.
You can try apply all and see who will giving you the best package.

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Added on December 13, 2009, 11:03 pmHi,

Anyone here is still think of which bank they choose?
I'm trying to bargain with bank to see if any of them can give the best rate, but if i could get more ppl join me i will have more bargain power.
If anyone interested can PM me with your email.


This post has been edited by legolas: Dec 13 2009, 11:03 PM

Call up to developer, according to Ms Choo, the piling is started just 2-3 weeks ago, the first disbursement should be on August.