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 60 real estate projects in Malaysia. Other similar projects by the same developer are Pelangi Astana, Pelangi Utama and Saville The Park.

Property Type
Apartment
Land Tenure
Leasehold
Built-up
750 sf - 1,044 sf
Market Price
RM280,000 - 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 RM280,000 to RM460,000 (about RM370 psf); while the monthly rentals are from RM1,100 to RM1,600 (about RM1.47 psf). The highest median price psf ever recorded was RM490 psf in Q3 2014; while the lowest one was RM160 psf in Q1 2001.

The current rental yield of Pelangi Damansara is around 4.89%, compared to 3.83% 2 years ago in Q4 2017. 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 RM370 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 RM370 psf.

Latest Pelangi Damansara for sale listings:

DateTypeBuilt-upPrice
TodayCondominium1,044 sfRM380,000
TodayLow-Cost Flat657 sfRM117,000
18-Apr-19Low-Cost Flat650 sfRM115,000
18-Apr-19Low-Cost Flat800 sfRM260,000
17-Apr-19Low-Cost Flat657 sfRM117,000
17-Apr-19Condominium1,044 sfRM410,000
17-Apr-19Condominium1,044 sfRM450,000
17-Apr-19Low-Cost Flat750 sfRM250,000
17-Apr-19Condominium956 sfRM380,000
17-Apr-19Condominium1,044 sfRM488,000

Latest Pelangi Damansara for rent listings:

DateTypeBuilt-upRental
TodayRoom In House-NA-RM850
TodayLow-Cost Flat750 sfRM678
TodayRoom In House-NA-RM780
TodayRoom In House-NA-RM780
YesterdayCondominium850 sfRM1,350
YesterdayCondominium850 sfRM1,350
17-Apr-19Room In Apartment-NA-RM485
17-Apr-19Room In Apartment-NA-RM450
17-Apr-19Room In Apartment-NA-RM485
17-Apr-19Room In Apartment-NA-RM450