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
Land Tenure
750 sf - 1,044 sf
Market Price
RM280,000 - RM460,000
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 RM1,500 (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 4.2%, compared to 4.33% 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:

YesterdayLow-Cost Flat800 sfRM285,000
YesterdayCondominium860 sfRM300,000
22-Jun-19Condominium797 sfRM270,000
22-Jun-19Condominium800 sfRM275,000
22-Jun-19Condominium900 sfRM450,000
22-Jun-19Condominium932 sfRM470,000
22-Jun-19Low-Cost Flat745 sfRM260,000
14-Jun-19Condominium932 sfRM389,000
13-Jun-19Condominium932 sfRM390,000
13-Jun-19Condominium932 sfRM399,000

Latest Pelangi Damansara for rent listings:

TodayRoom In House-NA-RM780
TodayRoom In House-NA-RM780
22-Jun-19Room In Apartment-NA-RM320
18-Jun-19Room In Apartment-NA-RM350
18-Jun-19Room In Apartment-NA-RM680
17-Jun-19Room In Apartment-NA-RM650
16-Jun-19Room In Apartment-NA-RM450
15-Jun-19Low-Cost Flat650 sfRM750
15-Jun-19Low-Cost Flat850 sfRM800
14-Jun-19Low-Cost Flat650 sfRM900

0 user comments on Pelangi Damansara:

Login to post a comment.