1120 Park Avenue is a leasehold condominium nestled in PJ South, Petaling Jaya. This medium cost condominium is developed by Park Avenue Sdn Bhd, and is managed by Peter’s Holding. It is expected to be completed by December 2013.
1120 Park Avenue comprises of 5 block of 16-storey condominium, and total units of 1120. That is the reason the development is called 1120 Park Avenue. There are total 4 types of design available with different in built up: S1 & S2 – 870 sf; M – 1,020 sf; and L – 1,193 sf.
The developer offers attractive prices starting from RM162,000 to RM265,000 and targeted those middle income class, as well as young professionals. Each design emphasizes on generous dining and living rooms, which give the buyer sizable dining and living rooms to entertain visitors or for family gathering. Aside from that, each units comes with two car parks which make it an even more attractive proposition.
1120 Park Avenue offers a variety of facilities such as covered parking, playground, swimming pool & children pool, jogging track, multi-purpose hall, landscape garden and 24-hours security. Beside from the full equipped facilities, staying at 1120 Park Avenue also enjoy full amenities such as school, banks, hypermarket, utilities and shops.
There are few schools found within the vicinity, which includes Sekolah Jenis Kebangsaan © Yuk Chyun, Sekolah Kebangsaan Petaling 1, Sekolah Menengah Kebangsaan Dato Harun and Sekolah Kebangsaan Taman Medan. Beside academic institutions, one can find a few hospitals within 10km radius such as Universiti Malaya Medical Centre, Hospital Assunta and Sunway Medical Centre. Its location which is close to several townships such as Sunway City, Kuchai Lama and PJ old town, makes it convenient for residents.
Due to its strategic location, 1120 Park Avenue is accessible via New Pantai Highway, Jalan Klang Lama, Federal Highway and LDP Highway. Furthermore, it is hassle-free to get public transport, as it is only within 5 minutes drive to the nearest Kampung Dato Harun KTM Komuter station.
The developer of 1120 Park Avenue, Park Avenue Sdn Bhd, is not very well-known in the property market. However, the management company, Peter’s Holding, is quite an active player in the Klang Valley property market recently. The recent project launched by them other than 1120 Park Avenue is the Papillon Desahill at Taman Desa.
Peter Group of companies was inception since 1973, and is involved in property development with the completion and sales of over 6000 units of mixed residential, commercial and industrial properties.
The developer did attract a lot of buyer for this development due to its home buyer friendly marketing strategy. The home buyers and investors need only pay 10 percent down payment of the purchase price and nothing more for four and a half years. This amazing attractive financing package gives the greatest benefit to some home buyers and investors, as they do not need to service their loan repayments during construction, and even 18 months after delivery.
Overall, 1120 Park Avenue is regarded as one of the most attractive property to be owned in Klang Valley, mainly due to its low entry cost and of course its strategic location. Among some drawbacks of this development would be the development is surrounded by low cost flats, a lot of shoplots nearby still untenanted for years, leasehold tenure, and the development is situated at ex-mining land.
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