Vista Danau Kota Residensi Wilayah is an affordable high-rise residential project under the Residensi Wilayah (formerly known as RUMAWIP) housing scheme by the Ministry of Federal Territories.
Continue Reading ⋅ 3 December 2020
Historically, Old Klang Road was the first major link from Kuala Lumpur to Port Klang. Today, it is a mature and self-sustaining area with a host of amenities and accessibility. It is easy to get in and out of Old Klang Road to almost anywhere in Kuala Lumpur or Selangor, because the area is linked to major roads and highways.
A new addition to this vibrant township is Platinum Arena. Platinum Arena is a sports-themed mixed development project in Old Klang Road, with an estimated gross development value (GDV) of RM421mil. This 2.9-acre leasehold project was launched in April 2019 by Marques Land Sdn Bhd, a subsidiary of the Platinum Victory Group.
Retail shops offer a range of indulgences, which provide residents with lifestyle conveniences right at their doorstep.
Interested purchasers can choose from 5 layout types. The two-bedroom units are good options for young families, couples or singles, while the 3- and 4-bedroom units are designed for multi-generational living. The developer wishes to balance privacy and sociability, and therefore, all layout types are envisioned to be family-friendly spaces for residents to feel at home. Other thought-out spaces include an urban lounge, a workout studio, and a library.
Platinum Arena’s sports-themed residence was inspired by its location being adjacent to the Sports Arena Sentosa. To encourage healthy living amongst residents, the project comes with an attractive list of recreational facilities including gym, swimming pool, viewing deck, sports hall for basketball and badminton, yoga deck and more.
Platinum Arena is the company’s third venture outside of the Setapak area. Platinum Victory’s ongoing projects include PV18 Residences and Residensi Platinum Teratai in Setapak; Platinum Splendour Residensi Semarak and Vista Semarak at Jalan Semarak, Kuala Lumpur; and Platinum OUG in Bukit OUG, Kuala Lumpur. Platinum Victory’s 7.4-acre lakefront commercial development, The Palette in Setapak, is being completed in phases.
Address: Jalan Seri Sentosa 2, Taman Sri Sentosa, 58000 Kuala Lumpur
Property Type: Serviced Residence
Land Title: Residential
Total Units: 728
Tenure: Leasehold
Sales Gallery: Platinum Victory Sales Gallery, 28, 1-G Medan, 28, Jalan Klang Lama, Seputeh, 58000 Kuala Lumpur
Year of Completion: 2022
Built-up Area: 650 sq ft – 1,008 sq ft
Facilities:
- Gym
- Swimming pool
- Viewing deck
- Sports hall for basketball and badminton
- Playground
- Yoga deck
- Rooftop garden
- Library
- BBQ area
- Games room
- AV rooms
Launch Price: From RM385,800
Launch Price Per Sq Ft: Average of RM620 psf
Maintenance Fee: RM0.33 psf
Project Details
Platinum Arena sits on a 2.9-acre leasehold land, featuring 728 units in two 36-storey blocks. Built-ups range from 650 sq ft to 1,008 sq ft, with an average price of RM620psf. There are also 36 retail lots to provide daily conveniences for the residents.
The two residential blocks are named Armstrong and Boris; a tribute to former American cyclist, Lance Armstrong, and German tennis legend, Boris Becker. Piling works began early 2019 and the project is expected to complete in about three years.
The sports-themed service apartment aims to encourage residents to have an active lifestyle by including recreational facilities such as a gym, swimming pool, sports hall, yoga deck, rooftop garden, library, playground, jogging track, barbeque area, games, and audio-visual rooms.
|
Unit Types |
Built-Up |
Launch Price |
|
Type A / A1 |
· 650 sq ft · 2 bedrooms · 2 bathrooms |
From RM385,800 |
|
Type B / B1 |
· 890 sq ft · 3 bedrooms · 2 bathrooms |
|
|
Type C
|
· 888 sq ft · 3 bedrooms · 2 bathrooms |
|
|
Type C1 |
· 908 sq ft · 3 bedrooms · 2 bathrooms |
|
|
Type D / D1 |
· 1,008 sq ft · 4 bedrooms · 3 bathrooms |
Location
Old Klang Road is a mature suburb that is located between KL and Petaling Jaya. It has been revitalised with an array of F&B hotspots, recreational attractions, and amenities that will serve families and young working adults. Plus, the development provides residents with easy access to major interchanges such as Jalan Klang Lama, Jalan Puchong, Shah Alam Expressway (KESAS), and New Pantai Expressway (NPE), which puts rather close to these popular areas.
- 4km to Petaling Jaya
- 7km to Bangsar
- 8km to KL Sentral
- 12km to KL City Centre
- 15km to Damansara Utama
There are plenty of businesses, parks, restaurants, and educational institutions, that are a short drive away from Platinum Arena. Notable attractions include the Bukit Gasing Forest Reserve, Bukit Jalil Recreational Park, Bukit Jalil National Stadium and Axiata Arena.
Accessibility
- Jalan Klang Lama
- Jalan Puchong – Petaling Jaya – Kuchai Lama
- New Pantai Expressway (NPE)
- East-West Link Expressway
- Shah Alam Expressway (KESAS)
- Damansara – Puchong Expressway (LDP)
- Petaling KTM station
- Jalan Templer KTM station
- Kg. Dato Harun KTM station
Education
- SMK Petaling
- SK Petaling 1 & 2
- SK Petaling Jaya
- MARA University of Technology
- SMK Taman Petaling
- SJK (C) Yoke Nam
- SJK (C) Choong Wen
Medical Care
- Assunta Hospital PJ
- Beacon Hospital
- University of Malaya Medical Centre (UMMC)
- University Malaya Specialist Centre (UMSC)
- Sunway Medical Centre
- Subang Jaya Medical Centre
- Universiti Kebangsaan Malaysia Medical Centre (UKMMC)
Shopping
- OUG Plaza 2km
- Pearl Point Shopping Mall 2km
- Giant Superstore 3km
- Amcorp Mall 5km
- Jaya One 5km
- Mid Valley Megamall 7km
- Sunway Pyramid 7km
- Suria KLCC 12km
Recreation
- Sports Arena Sentosa
- The Scott Garden
- Bukit Gasing
- Amcorp Mall
- Taman Jaya Park
- Bukit Jalil Recreational Park
- Bukit Jalil National Stadium
- Axiata Arena
Analysis
Old Klang Road and neighbouring towns such as Kuchai Lama are largely known as a food haven. So, foodies would appreciate in the F&B options here – be it local varieties or flagship restaurants.
When one decides to become live at Platinum Arena, conveniences abound due to Old Klang Road’s location. The area is undergoing rapid enhancement to uplift its old residential vibe and appeal to future homeowners who seek properties that are modern, convenient, and lifestyle-driven.
“Our build-before-sell strategy sets us apart from the current norm in the market, in the sense where buyers are able to see what they are buying and save on loan interest during the construction period. As people are more willing to purchase a property nearing completion, this certainly boosts the confidence of buyers and investors in our projects upfront,” said Gan Yee Hin, Executive Director of Platinum Victory Holdings Sdn Bhd.
Additionally, Old Klang Road is within close proximity to several transport hubs, such as KL Sentral, Terminal Bersepadu Selatan (TBS), the Sultan Abdul Aziz Shah Airport, and Kuala Lumpur International Airport (KLIA).
As for shopping, residents of Platinum Arena can opt to visit Mid Valley Megamall, Plaza OUG, Pearl Shopping Gallery, Scott Garden, Amcorp Mall, Jaya One, Suria KLCC, or Sunway Pyramid – all within a 12km radius.
Here’s a quick look at residential properties in Old Klang Road.
|
Project |
Land Tenure |
Unit Type |
Completion |
Built-up |
Approximate Launch Price |
|
Platinum Arena by Platinum Victory Group |
Leasehold |
Service Apartment |
2022 |
650 sq ft – 1,008 sq ft |
From RM385,800 |
|
Tria at 9 Seputeh by MRCB |
Leasehold |
Condominium |
2021 |
764 sq ft – 4,489 sq ft
|
From RM595,888 |
|
CitiZen 2 by Binastra Land |
Freehold |
Serviced Apartment |
2020 |
725 sq ft – 883 sq ft |
Average of RM435,000 |
|
Avara Seputeh by Ba Sheng |
Freehold |
Serviced Apartment |
2020 |
667 sq ft to 1,216 sq f
|
From RM650,000 |
|
Southbank Residence by UOA Development |
Freehold |
Serviced Apartment |
2017 |
779 sq ft – 978 sq ft
|
From RM566,800
|
|
Millerz Square by Exsim Group |
Freehold |
Serviced Apartment |
2019 |
852 sq ft – 907 sq ft
|
From RM667,000
|
|
The Nest Residences by Nagano Development |
Freehold |
Serviced Apartment |
2019 |
755 sq ft – 1,288 sq ft
|
From RM385,310
|
Summary
Jalan Kelang Lama’s mature suburb is being revitalised and is expected to further attract families and young working adults. Prices of non-landed homes in Old Klang Road is expected to remain stable despite the current economic and property market conditions, and the impending supply of new condominiums in the area. There are still pockets of land for development and redevelopment along Old Klang Road.
New launches along Old Klang Road will still be relatively well-received by homebuyers, especially first-time homebuyers who are looking to stay near the city centre. People will still want to live in Old Klang Road as it is a mature township with a wide array of amenities and facilities.
Platinum Arena is registered under the Home Ownership Campaign (HOC) 2019. Purchasers will be exempted from stamp duties for transactions made from 1 January to 31 December 2019.
Based on PropertyGuru’s Home Loan Eligibility and Affordability Calculator, you would need an approximate gross annual income of RM69,000, with no other monthly debt obligations, to be eligible for a loan amounting to approximately RM348,000. This is assuming that you use 30% of your gross income to repay the loan.
