Platinum Arena

The project comprises two 36-storey towers, which collectively have 728 serviced apartments and 36 shop lots, along with several excellent facilities and amenities catering to the wide-ranging necessities of the residents. These two towers are named as ‘Armstrong’ (former American cyclist Lance Armstrong) and ‘Boris’ (German tennis star Boris Becker), to honour these well-known global personalities.

The built-up area of the apartments is between 650 sq ft to 1,008 sq ft, with an average price of RM594 per square feet. All apartments are designed and developed with the aim to provide family-friendly spaces for residents.

Platinum Arena Location

Platinum Arena is located along the Old Klang Road, a mature suburb between Kuala Lumpur and Petaling Jaya. Also known as Jalan Klang Lama, it is one of the oldest and most historic roads in KL. Many neighbourhood roads have been turned into broad highways to address traffic congestion during peak hours. Despite the extensive road development, traffic jam is still prominent, especially in the morning and evening.

It is estimated that 230,000 people live along Old Klang Road with the Chinese population as a majority. More importantly, Mid-Valley Shopping Mall, one of the most popular shopping complexes in Malaysia, is situated at the beginning of the Old Klang Road. Apart from this, the area offers a wide range of facilities, such as restaurants, recreational facilities and other amenities to enhance the living quality of families and young working adults.

Connectivity

The location of Platinum Arena allows residents to easily access various interchanges. Being the oldest historically significant road, Old Klang Road is well connected to several highways. These include East-West Link Expressway, Federal Highway, New Pantai Expressway, Shah Alam Expressway as well as Damansara – Puchong Expressway (LDP). The residents of Platinum Arena can easily reach Kinrara Business Centre through Jalan Puchong Highway.

The connectivity to these highways put the residents close to various popular areas, such as Petaling Jaya (4km), Bangsar (7km), KL Sentral (8km), KL City Centre (12km) and Damansara Utama (15km). Additionally, Old Klang Road is within close reach to Terminal Bersepadu Selatan (TBS) (6.6km), Sultan Abdul Aziz Shah Airport (18.5km), and Kuala Lumpur International Airport (KLIA) (52.9km).

The closest bus stations to Old Klang Road include Batu 5¾ Jalan Klang Lama at 2 minutes walking distance, Jabatan Bomba Unit Pengesan at 5 minutes walking distance and Petaling at 7 minutes walking distance.

Highways

• Jalan Puchong Highway – 4km
• New Pantai Expressway – 5km
• East-West Link Expressway – 5.5km
• Shah Alam Expressway – 8km
• Damansara – Puchong Expressway (LDP) – 8.5km

Train Stations

• KTM Petaling – 650m
• KTM Jalan Templer – 1.2km
• KTM Kg. Dato Harun – 3.5km

Convenience

Being a mature area, Old Klang Road offers a host of amenities which otherwise may be absent in less developed regions. The array of businesses, restaurants, shopping malls, and educational institutions are a short distance from Platinum Arena. Some of the notable attractions are Bukit Gasing Forest Reserve and Axiata Arena which is a stone’s throw away from Platinum Arena.

Shopping:

• OUG Plaza – 2km
• Pearl Point Shopping Mall – 2.2km
• Giant Superstore – 3km
• Amcorp Mall – 5km
• Jaya One – 5.5km
• Mid Valley Megamall – 7km
• Sunway Pyramid – 7km

Medical Services:

• Assunta Hospital PJ – 4km
• Beacon Hospital – 5km
• University of Malaya Medical Centre (UMMC) – 5.5km
• University Malaya Specialist Centre (UMSC) – 8km
• Sunway Medical Centre – 8.5km
• Subang Jaya Medical Centre – 9.6km
• Universiti Kebangsaan Malaysia Medical Centre (UKMMC) – 10.6km

Education:

• SMK Petaling – 500m
• SK Petaling 1 & 2 – 600m
• SK Petaling Jaya – 2km
• MARA University of Technology – 2km
• SMK Taman Petaling – 2.5km
• SJK (C) Yoke Nam – 3km
• SJK (C) Choong Wen – 4km

Leisure:

• Sports Arena Sentosa
• Taman Jaya Park
• Bukit Jalil Recreational Park
• Bukit Jalil National Stadium
• Axiata Arena

Platinum Arena Floor Plan

Platinum Arena consists of stylishly designed residential apartments with multi-faceted facilities. The project offers 5 types of layout, thus providing buyers with multiple buying options depending on their living needs and budget. Featuring 2 towers of 36-storey each, Platinum Arena hosts 728 serviced apartments and 36 shop lots in total.

The built-up area ranges from 650 sq ft to 1,008 sq ft with options to choose from 2 bedrooms to 4 bedrooms. The units with 2 bedrooms are great options for small families and couples, while the units with 3- and 4- bedrooms are designed to give a comfortable living space for larger families.

The following is a breakdown of the layouts at Platinum Arena.

Type A/A1

This unit is the smallest with a built-up area of 650 sq ft, 10 sq ft of A/C ledge, 2 bedrooms, and 2 bathrooms.

Type B/B1

This unit offers more space than Type A with a built-up area of 890 sq ft, 17 sq ft of A/C ledge, 3 bedrooms, and 2 bathrooms.

Type C

This unit also offers 3 bedrooms and 2 bathrooms but has a slight difference in the built-up area and A/C ledge from Type B/B1. Type C has a built-up area of 888 sq ft, 19 sq ft of A/C ledge.

Type C1

Type C1 has a built-up area of 908 sq ft, 3 bedrooms, 2 bathrooms and no A/C ledge.

Type D/D1

It is the largest unit type of this project with a built-up area of 1,008 sq ft, 4 bedrooms, and 3 bathrooms. Moreover, Type D/D1 comes with 2 A/C ledge, 15 sq ft and 5 sq ft respectively.

Platinum Arena Facilities and Amenities

Platinum Arena comes with numerous outstanding facilities and amenities for all kinds of daily activities, thus providing a relaxing, healthy and luxurious lifestyle. This project is all about enriching lifestyles and challenging the idea of the perfect dwelling place.

Children, young adults, and even seniors can all find something which suits their pastime. They are arranged conveniently on one floor to provide the joy of spending quality time with family and other residents after a long day of work or during the weekend. Aligning with the developer’s sports theme, residents can find various sports amenities at Platinum Arena from aquatic to track activities.

Both blocks have a Sky Lounge at the rooftop which is designed for residents to relish the city’s skyline view. Platinum Arena also provides 1,284 parking bays for residents as well as 131 bays for the shop lots owners.

Facilities and Amenities:

• 25m Length Swimming Pool
• Wading Pool/Jacuzzi
• Pool Pavilion
• Kids Swimming Pool
• Multi-Sports Hall
• Laundrettes
• Shop
• Surau
• Child’s Playroom
• Covered Playground
• Open Fitness Zone
• Outdoor Playground
• Canopy Walk
• Multi-function Hall
• Game Room
• AV Room
• 265m Jogging Track
• BBQ Area
• Viewing/Yoga Deck
• Dance/Yoga Studio
• Gymnasium
• Library
• Lounge
• Sky Lounge

Platinum Arena Property Analysis

Given its strategic location to various highways and convenience, Platinum Arena has become one of the sought after projects in Old Klang Road. The area is largely known as a food junction that includes fast-food chains, Japanese eateries, and Korean restaurants. Given Old Klang Road’s established development, project pricing tends to be on the higher side although the pricing is not quite as expensive as projects in KL City.

Old Klang Road is currently experiencing a noticeable development to revamp the old residential ambience for future homebuyers who aim to own modern and convenient homes. The build-before-sell strategy allows Platinum Area to stand out in the market. On top of that, given the current economic scenario in Malaysia, more people are forced to look for affordable homes. Younger working professionals and the lower-income bracket individuals often struggle to find housing options which fit their budget. However, Platinum Arena, priced at RM594 PSF, would definitely be a good prospect for them.

Target Market

Platinum Arena is a great place for families seeking a modern, contented, and calm living environment. Moreover, this project is a good option for buyers living in remote areas in the city or those who have older homes and want to provide a comfortable life for their families close to everything they need.

Looking at pricing, Platinum Arena is definitely a good prospect for people from the lower-to-middle-income bracket. This covers also young professionals who seek to work in Kuala Lumpur and are looking for an affordable place which matches their paycheck. Investors may also look into purchasing a unit at Platinum Arena given its strategic location and strong rental demand.

When considering the built-up size, Platinum Arena has the typical built-up area of projects in KL. However, not many projects have 4 bedrooms in their layout; this may appeal to families with more than 2 children. Small families can invest their money in buying Type A units with 2 bedrooms, while those with larger families can choose Type B/B1, Type C, Type C1 or Type D/D1 with 3 or 4 bedrooms.

Competitor Analysis

Platinum Arena sits on 2.9 acres of land along the OKR. Due to the involvement of multiple developers along Old Klang Road, the development on both sides of the Old Klang Road is haphazard in nature. In terms of land tenure, Platinum Arena offers a standard leasehold compared to its other counterparts such as CitiZen 2, Avara Seputeh, and Millerz Square. However, Platinum Arena’s leasehold tenure allows for buyers to purchase a unit at about half the price of the freehold projects.

Looking at the starting built-up size, Platinum Arena is slightly smaller than the other projects. However, its biggest unit at 1008 sq ft is the second largest after Tria at 9 Seputeh’s 4489 sq ft unit. Given the variety in sizes, Platinum Arena can capture a wider market from potential investors to medium-sized families. Platinum Arena’s largest unit allows for a medium-sized family to live more comfortably compared to other projects such as CitiZen 2 and Millerz Square which have smaller living space.

In terms of price PSF, Platinum Arena stands as the most affordable among other projects surrounding it. However, Platinum Arena’s price PSF is only RM6 cheaper than CitiZen 2’s price PSF. Buyers might want to consider their financial budget against the land tenure; for the more financially independent buyers, CitiZen 2 might be a more enticing project given its freehold tenure. The other projects, on the other hand, are clearly at least about RM 200 PSF more expensive than Platinum Arena.

Platinum Arena’s Developer: Platinum Victory Group

Platinum Victory Group is one of the most popular developers in Kuala Lumpur. It has marked a reputed position in the Kuala Lumpur real estate industry for its practical and reasonable residential and commercial developments. The high-rise projects in the city have made PV Group a reputable name for offering quality, conveniences, modernism and a lively environment to live in. Moreover, these projects have received a broad response rate from the buyers, which encourages PV Group to continue its journey of providing excellence and exciting offers in the future.

Ongoing/Upcoming Projects

Platinum Arena in the Old Klang Road, Kuala Lumpur

Two blocks consisting of residential units with built-up areas ranging from 650 sq ft to 1,008 sq ft.

Platinum Splendour Residensi, Jalan Semarak

Residential project with built-up areas of 926 sq ft – 1184 sq ft.

PV18 Residences, Setapak Lake City

Two-block residential development with built-up areas of 1,021 sq ft and 1,219 sq ft.

Platinum OUG Residence in Bukit OUG Kuala Lumpur

Residential condominium project with a single built-up area of 1250 sq ft.

Vista Sentul Residences in Sentul

Residential units with built-up areas ranging from 689 sq ft to 1221 sq ft.