1120 Park Avenue

Affordable condominiums found within Petaling Jaya

Finding a new and affordable home in the mature Petaling Jaya township is not an easy task with the scarcity of land in the area. This is why the upcoming 1120 Park Avenue is an irresistible appeal for those drawn to urban lifestyles and within a heartbeat of where all the action is.

1120 Park Avenue is a medium cost condominium built on nine acres of land nestled in Petaling Utama which is at the south of Petaling Jaya. Located near the bustling suburbs of Puchong, Sunway and Old Klang Road, Sunway Pyramid is a mere 10 minutes drive away while the Kuala Lumpur City Centre is only 15 kilometres out.

After all, the new development is close to a network of major highways like the New Pantai Expressway (NPE), Smart Tunnel, Federal Highway, Lebuhraya Damansara-Puchong (LDP) and the KL-Seremban highway, making it extremely convenient to get around.

Affordable condominium living

Attractively priced from RM162,000 to RM265,000, 1120 Park Avenue are available in four designs specially catered to the middle income class as well as young professionals.

Those looking for something functional and yet affordable will find the development’s cosiest offerings, type S1 and S2 highly suitable. Both types have built ups of 870 sq ft with the differences in their room configurations of three and two bedrooms respectively. Meanwhile, those who wish for something with more generous living spaces could opt for type M or type L. They have built ups of 1,028 and 1,192 sq ft respectively.

With practicality in mind, the developer of 1120 Park Avenue has designed every unit to sport generous dining and living rooms, making them sizeable to entertain visitors or for families to gather. What’s more, each unit comes with two car parks which make it an even more attractive proposition.

Facilities and amenities

Future residents of 1120 Park Avenue get to enjoy condominium facilities. Fitness facilities there include a swimming pool and jogging track. Meanwhile, the younger residents can find fun at the children’s pool or playground. Other facilities at the condominium include a multi-purpose hall and landscaped gardens.

A tiered security system is used at 1120 Park Avenue to ensure privacy as well as the safety of its residents.

As the development is located within Petaling Jaya, accessibility to shopping, leisure, financial, and public amenities are all well within easy reach. There are plenty of shopping malls, hypermarkets and retail shops in the surrounding areas that are a just a short drive away.

Home buyer friendly

1120 Park Avenue is scheduled for launch in December 2009 and is targeted to be completed by December 2013. Home buyers and investors need only pay 10 percent downpayment of the purchase price and nothing more for four-and-a-half years, subject to terms and conditions.

This amazingly attractive financing package benefits both home buyers and investors as it means that not only they do not need to service their loan interest payments during construction, but also their loan repayments for 18 months after delivery. For home buyers with a current mortgage, this scheme reduces their burden of servicing two concurrent loans and allows them the freedom of having an 18 months grace period to sell off their existing home.

As for investors, this unique financial scheme is a dream. Not having to pay interests and loan repayments frees up their capital for other investment opportunities. Also, the 18 months grace period after delivery allows investors to look for tenants or perhaps even sell the property without needing to service the loan repayment and interests. Those interested in registering for a unit at 1120 Park Avenue can email 1120@petersb.com.my, call (603) 7782 9988 or visit the official website at http://www.1120parkavenue.com/.

Development background

1120 Park Avenue is developed by 1120 Park Avenue Sdn Bhd while the project is managed by Peter’s Holdings Sdn Bhd. Peter’s Group of Companies has been incepted since 1973 and is involved in property development with the completion and sales of over 6,000 units of mixed residential, commercial and industrial properties.

Source: iProperty