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Platinum Arena is Platinum Victory’s newest offering within the lively neighbourhood of Old Klang Road, appended to a 36-unit commercial block.
Touted as a coveted serviced apartment, its unique infrastructure is based on an overarching sports theme with a design spurring from the development’s location, adjacent to the Sentosa Sports Arena.
Aimed at encouraging residents to practice an active lifestyle, both the towers featured are artfully dubbed Armstrong and Boris, a tribute to former American cyclist Lance Armstrong and German tennis star Boris Becker.
The project is a 2.9-acre leasehold mixed-development, with an estimated gross development value (GDV) of RM421 million.
Platinum Arena consists of 728 individual homes encased within two 36-storey blocks, with built-ups sized between 660sq ft to 1,028 sq ft with a maintenance fee of RM0.33 including sinking fund.
Platinum Arena offers a build-before-sell strategy which sets it apart from the current sales norm in the property market, as buyers will be able to view before they own and save on loan interest during construction period.
This property may boosts the confidence of buyers and investors in the project upfront stage that are more willing to purchase a property that is nearing completion.
Piling work had commenced in the first quarter of 2019 and the project is slated for completion in 2021.
Platinum Arena’s concept provides the perfect recipe to unwind, boasting an attractive list of recreational facilities fit for couples, young families and those working close to the city centre.
Facilities include a gym, swimming pool, viewing deck, sports hall for basketball and badminton, playground, canopy walk, dance studio, yoga deck, rooftop garden, sky lounge, library, BBQ area, games and AV rooms. Other amenities include a nursery and kindergarten.
Residents can easily get around with ease by public transport such as KTM Petaling, KTM Jalan Templer and KTM Kg. Dato Harun. Furthermore, this strategic location can be accessed from multiple highways – New Pantai Expressway (NPE), East-West Link Expressway, Shah Alam Expressway (KESAS) and Damansara-Puchong Expressway (LDP).
As for nature attractions, Bukit Gasing Forest Reserve and Taman Rekreasi Bukit Jalil can be found close by. Additionally, popular educational institutions can also be found within a 10km radius of the upcoming development, making this property truly wholesome.
Pull factors for Platinum Arena include its pivotal location in Old Klang Road as well as an attractive price point, aside from unmatched conveniences scattered across its vicinity.
Old Klang Road is a mature suburb strategically located between KL and Petaling Jaya, revitalised with an exciting array of f&b hotspots, recreational attractions and amenities that serve both families and young working adults.
The said serviced apartment is set within a locality enjoying unmatched accessibility to major interchanges such as Jalan Klang Lama, Jalan Puchong, Lebuhraya Shah Alam (KESAS) and Lebuhraya NPE.
Popular shopping malls such as Mid Valley Megamall, Suria KLCC, Sunway Pyramid, Plaza OUG, Pearl Shopping Gallery and Scott Garden can also be found a short distance away.
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Have you everthought of living within thriving Old Klang Road, one of the earliest key access routes into Kuala Lumpur city centre? This notion can now become a reality, through Platinum Victory’s newest addition into the vibrant locale, Platinum Arena.Old Klang Road is rapidly booming, as it is a key route in shortening the distance from Kuala Lumpur city centre, into areas such a...Continue Reading
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
---|---|---|---|---|---|
Platinum Arena | Apr 2022 |
RM325,000
-
RM540,000
RM 316 psf - RM 584 psf |
NIL | NIL | NIL |
Residence 8 | Dec 2013 |
RM560,000
-
RM1,430,000
RM 428 psf - RM 1,100 psf |
RM850 - RM850 | NIL | 1.57 % |
Tiara Mutiara | 2013 |
RM345,000
-
RM630,000
RM 422 psf - RM 622 psf |
RM1,000 - RM1,000 | NIL | 3.23 % |
Commerce One | Mar 2010 | RM368,000 - RM1,018,000 | RM1,500 - RM5,350 | NIL | 5.93 % |
Menara K1 | 2010 | RM360,000 - RM1,250,000 | RM1,750 - RM5,800 | NIL | 5.63 % |
Mutiara Apartment | 2008 |
RM225,000
-
RM225,000
RM 315 psf - RM 315 psf |
RM950 - RM950 | NIL | 4.64 % |
Sri Jati II | 2007 |
RM380,000
-
RM550,000
RM 295 psf - RM 611 psf |
RM450 - RM450 | NIL | 2.12 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
Non-Landed | Landed | Commercial | |
---|---|---|---|
0 - 500 SQ. FT | - | - | - |
500 - 1,000 SQ. FT | RM 365 psf | - | - |
1,000 - 1,500 SQ. FT | RM 419 psf | - | - |
1,500 - 2,500 SQ. FT | RM 328 psf | - | - |
2,500 - 4,000 SQ. FT | - | RM 750,000 psf | - |
4,000 SQ. FT and above | - | RM 2,000,000 psf | - |
Note:
Down Payment (10%) | RM 34,450 |
Loan Amount ( 90 %) | RM 310,050 |
Tenure Years | 35 Years |
Interest Rate | 4.85% |
Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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