Pelangi Damansara, Bandar Utama, Petaling Jaya

Pelangi Damansara (also known as Pelangi Apartment) is a leasehold apartment located in Bandar Utama, Petaling Jaya. There are 2,240 units available at this project with built-up from 750 sf to 1,044 sf. It was developed by MKH Bhd (aka Metro Kajang) with a launch price at around RM160 psf, and was completed in about Aug 2003.

MKH Bhd (aka Metro Kajang) is a very large-sized real estate company listed on KLSE, and it has constructed around 63 real estate projects in Malaysia. Other similar projects by the same developer are Pelangi Astana, Pelangi Utama, Residensi Pinang and Saville The Park.

Property Type
Apartment
Land Tenure
Leasehold
Built-up
750 sf - 1,044 sf
Market Price
RM270,000 - RM460,000
Density
2,240 Units
Completed In
Aug 2003
Launch Price
About RM160 psf

This apartment has many amenities nearby, for example schools, metro transport stations and universities.

The current market prices for Pelangi Damansara are from RM270,000 to RM460,000 (about RM360 psf); while the monthly rentals are from RM1,100 to RM1,600 (about RM1.47 psf). The highest median price psf ever recorded was RM488 psf in Q3 2014; while the lowest one was RM160 psf in Q1 2001.

The current rental yield of Pelangi Damansara is around 4.4%, compared to 3.6% a year ago in Q2 2018. The highest rental yield ever recorded was 7.02% in Q1 2010; while the lowest one was 3.6% in Q2 2018. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size combination at Pelangi Damansara is 3-bedroom / 750 sf with a median price of RM360 psf. For price wise, the most expensive one is 3-bedroom / 932 sf with a median price of RM460 psf; while the cheapest one is 3-bedroom / 750 sf with a median price of RM360 psf.

Latest Pelangi Damansara for sale listings:

DateTypeBuilt-upPrice
TodayLow-Cost Flat650 sfRM130,000
YesterdayLow-Cost Flat750 sfRM250,000
YesterdayLow-Cost Flat800 sfRM260,000
YesterdayLow-Cost Flat650 sfRM130,000
20-Aug-19Low-Cost Flat800 sfRM270,000
20-Aug-19Condominium932 sfRM459,000
17-Aug-19Low-Cost Flat650 sfRM160,000
16-Aug-19Low-Cost Flat657 sfRM94,770
15-Aug-19Low-Cost Flat650 sfRM125,000
15-Aug-19Condominium932 sfRM399,999

Latest Pelangi Damansara for rent listings:

DateTypeBuilt-upRental
TodayRoom In House-NA-RM780
TodayRoom In House-NA-RM780
TodayRoom In Apartment-NA-RM350
TodayCondominium1,044 sfRM1,450
TodayLow-Cost Flat650 sfRM700
TodayCondominium-NA-RM400
13-Aug-19Room In Apartment-NA-RM555
12-Aug-19Room In Apartment-NA-RM250
12-Aug-19Room In Apartment-NA-RM350
12-Aug-19Room In Apartment-NA-RM650

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