Updated: Nov 26, 2020
Platinum Arena is the latest addition to one of the most vibrant townships in Kuala Lumpur
In recent years, we have seen many townships change names to a more modern approach to attract more residents. Some have even lost their initial identity in the process. Having said that, some townships retain their identity for several reasons, mostly since people have become accustomed to its name and its locale. One of these self-proud townships is none other than Old Klang Road (Jalan Klang Lama).
As the name itself implies, Old Klang Road is one of the oldest roads in Kuala Lumpur. It was constructed by the British Federated Malay States back in 1908 and was historically a significant road in Kuala Lumpur because it was one of the very few Interstate links connecting Kuala Lumpur to Port Klang, located at the southern end of the Selangor coastline.
Old Klang Road originally started from the Public Bank building of Jalan Syed Putra, which was formerly known as Lornie Drive. With rapid urban development in Old Klang Road, which spans from Mid-Valley Megamall, the longest mall in Asia, to Guinness Anchor Berhad Brewery with a distance of 11km.
Old Klang Road, is still considered as one of the busiest roads in Kuala Lumpur today. As such, it’s vibrancy naturally attracted the attention of investors who vested their muscle in the area, especially those from the property development segment.
Old Klang Road has a large population of Chinese people. There is an old saying that Chinese people are the masters of trading and businesses and where they dwell is where businesses will thrive.
Hence it is not surprising that Old Klang Road is renowned for its many eateries, such as steamboat, classic local hawkers and international alike cuisine, food and beverage and entertainment outlets.
One can also visit the Old Klang Road Wet Market (that has been there from the time of memorial) and the Sports Arena aka Lee Chong Wei Sports Arena, which has also attracted many patrons from all across Klang Valley.
What Makes Old Klang Road Attractive?
Further to add flair to Old Klang Road is the inclusion of Vikas International School that has brought not just the foreign flavour to the township but also the elite group of residents.
As we all know, an established township has to have a flavour in education, hence aside from Vikas International School, there are also many government schools: SJK (C) Choong Wen, Sri Sentosa High School, SRJK (C) Yoke Nam, SMK Katolik, SMK Assunta and SJKT Saraswathy.
Institutions of higher education are also available here, such as Megatech International College.
If you were to ask most people about what they know of Old Klang Road, the first monumental icon that would be mentioned is none other than the legendary Pearl International Hotel. This hotel has been standing tall in the heart of Old Klang Road for many years now as it underwent numerous make-overs and renovations to suit the modernisation of times, yet maintaining its historical virtues.
Many guests visiting Kuala Lumpur would choose to stay in this hotel because it is strategically located between Kuala Lumpur and Puchong, the satellite city of Klang Valley. It will also only take about ve minutes to reach Mid Valley Megamall. As such Old Klang Road has a good proportion of commercial and residential catchment areas.
Both commercial and residential developments can complement each other with suficient schools, banks, post oce and amenities to cater for the residents. Old Klang Road is a central area in terms of accessibility. Located strategically between Petaling Jaya, Selangor and Kuala Lumpur City Centre, Old Klang Road is an area well-established in terms of accessibility.
It is well-connected to East-West Link Expressway, Federal Highway, New Pantai Expressway, Shah Alam Expressway (KESAS), Damansara – Puchong Expressway (LDP) and Jalan Puchong which make the place so near to all places.
We need to come to terms with the fact that not everyone is lucky enough to purchase the home of their dreams, but investing in the future may seem to be a more plausible approach.
Most property buyers tend to purchase houses that they can call home. It is a place for them to start a family, watch their children grow and create wonderful memories together under one roof.
Therefore, established area, where all necessities and conveniences are plentiful and accessible, would be at the top of their list. This sits well with property investors as well. It has also become evident that most property investors rather purchase homes that reflect family beliefs and values.
This is simply because areas, where all necessities are readily available, assumes to be a magnet for rental prospects as well as future capital returns.
The commercial viability of Old Klang Road, as well as the network of highways and public transportation available nearby such as the Petaling Keretapi Tanah Melayu (KTM) Station, Awan Besar Light Rapid Transit (LRT) Station and Taman Jaya LRT Station will eventually transform Old Klang Road into a signicant business district with a strong potential to elevate businesses and create more job opportunities due to its strategic location and easy accessibility.
Platinum Arena: The Details
Platinum Arena is the latest addition to the lively neighbourhood of Old Klang Road. The 2.921 acre residential project was launched in April 2019 by Platinum Victory Group with an estimated gross development value (GDV) of RM421mil. Platinum Arena comprises two 36-storey blocks of 728 serviced apartments priced from RM530psf and a curated commercial hub at its base.
Catering to a wide range of home buyers, interested purchasers can choose from five layout types within both residential towers with built-up sizes ranging from 650sf to 1,008sf.
Developed to encourage residents to practice a healthier and more active lifestyle, the residence features a host of recreational facilities such as a gym, swimming pool, sports hall, yoga deck, rooftop garden, library, playground, jogging track, barbecue area, games and audio-visual rooms. Other thought-out spaces include an urban lounge, a workout studio and a library.
Besides, Platinum Arena offers unparalleled connectivity and convenience. Residents can travel easily by public transport such as Petaling Keretapi Tanah Melayu (KTM) Station, Awan Besar Light Rapid Transit (LRT) Station and Taman Jaya LRT Station, whilst reducing carbon footprints.
We do believe that Old Klang Road has stood the test of time and grown with the needs and wants of the community it holds. It will continue to do the same with the inclusion of notable new developments such as Platinum Arena. The main attraction to this prosperous development is the price factor. Compared to other projects around the neighbourhood, Platinum Arena, with the array of facilities and amenities it provides, is one of the better priced properties, if not the best in this locale.
We at Property360 Digest rate this project, the locale, the amenities and its strategic location as a number 8 out of 10 in our Property360 Digest investment scale.