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Park 51 Residency Petaling Jaya

Petaling Jaya, Selangor

RM 500,000

Property Type

Condo/Serviced Residence

Listing Type

Sale

Property ID

20180426183850

Location

Petaling Jaya, Selangor

Listed By

Name: Wei Sheng Tee

Agency: VIVAHOMES REALTY (Puchong) (E(3)1353/2)

Phone: 0192672000

Specifications

Tenure

Freehold

Built Up Area

1000

Bumiputera Lot

Furnishing

Partly Furnished

Bedrooms

Bathrooms

Township

Sungai Way

Negotiable

Yes

Title Type

Land Title Type

Occupancy

Unit Type

Floor

Middle Floor

Features

24hr Security Balcony Basketball court BBQ Area Business Centre Club House Covered Parking Fitness corner Gym Parking Playground Swimming Pool

Car Park

Description

Park 51 Residency (also known as Residency @ Park 51) is a new condominium project which falls under the PJ government redevelopment within the Sungei Way area. This entire development consist of 5 phases which is the condominium (Park 51 residency), the apartment (Park 51 MyHome), a business center and office suite (Park 51 Boulevard), and a shopping complex as well as service suites (Park 51 Commerce Square).

Currently near to completion are Park 51 MyHome apartment, and Sunwaymas business center. Park 51 Residency consist of 4 blocks, complete with a swimming pool and the largest clubhouse in PJ. Block D is currently near to completion and currently under construction Block A and B.

This area provides easy access to federal highway, LDP, sprint highway and NPE. It is also within 10km from 1 Utama, Mid Valley and Sunway Pyramid shopping mall, Amarda hotel and Hilton hotel. Other nearby massive developments are such as the Icon City by Mah Sing and The Paradigm shopping mall. Park 51 Residency is located within 5 minutes of driving distance to the nearest LRT station.

Property Details:
Name: Park 51 Residency (also known as Residency @ Park 51)
Address: Seri Setia, Petaling Jaya, Selangor
Developer: Taipan Focus Group
Completion Date: Early 2012
Type: Condominium
No. of Units: 664
Land Area: 5.6 acres
Built-Up: 662 - 2,443 sf

Facilities:
~Guarded and gated security
~Smart card access
~Gym
~Launderette
~Convenience shop
~Swimming pool
~Sauna
~Pool side cafe
~Indoor games rooms
~Business function rooms
~Retail shop
~BBQ area
~Designer landscaped garden
~Sports facilities - basketball court

Analysis:
Park 51 Residency is a highly exclusive property, with only 8 units per floor. Membership to the clubhouse is complementary for purchasers, which is going to be the largest Clubhouse in Petaling Jaya. Security is also maximized with smart card required for access into this gated community and fence with 10 ft guard wall.

Loan & Insurance Calculator

Estimates only

Rates: Bank Negara Malaysia (indicative effective lending rate), refreshed daily. Tap a bank to apply its rate.

Property Price (RM)

Down Payment 10%

Interest Rate (%)

Tenure (Years)

Buyer Age (for MRTA / MLTA)

Monthly Instalment

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Total Interest

MRTA vs MLTA Comparison

Indicative estimates - actual premiums depend on insurer, health & plan

	MRTA	MLTA
Estimated Premium	-	-
Payment	One-off (usually financed into loan)	Monthly / yearly premium
Coverage	Reducing - follows loan balance	Level - fixed sum assured
Beneficiary	Bank (settles the loan)	Family (loan settled, balance to family)
Cash Value	None / minimal	Yes - may have cash value
Transferable	Tied to this loan	Portable to next property

All figures are estimates for reference only and do not constitute financial advice. Loan approval, interest rates and insurance premiums vary by bank, insurer, age, health condition and coverage chosen. Please consult your banker or licensed financial adviser for exact quotations.