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 70 real estate projects in Malaysia. Other similar projects by the same developer are Inspirasi, Nexus Residences, Pelangi Astana, Pelangi Utama, Residensi PR1MA Kajang, Residensi Pinang, Saville The Park and Tower B.

Property Type
Apartment
Land Tenure
Leasehold
Built-up
750 sf - 1,044 sf
Market Price
RM270,000 - RM450,000
Density
2,240 Units
Completed In
Aug 2003
Launch Price
About RM160 psf

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

The current market prices for Pelangi Damansara are from RM270,000 to RM450,000 (about RM360 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 4.19%, 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 RM450 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
TodayCondominium1,137 sfRM580,000
TodayLow-Cost Flat650 sfRM140,000
05-Dec-19Low-Cost Flat650 sfRM130,000
02-Dec-19Condominium800 sfRM298,000
06-Dec-19Low-Cost Flat650 sfRM98,000
24-Nov-19Condominium932 sfRM399,999
24-Nov-19Condominium932 sfRM399,000
24-Nov-19Condominium932 sfRM379,000
17-Nov-19Terrace1,590 sfRM1,574,100
16-Nov-19Low-Cost Flat750 sfRM270,000

Latest Pelangi Damansara for rent listings:

DateTypeBuilt-upRental
TodayRoom In Apartment-NA-RM320
TodayRoom In Apartment-NA-RM250
TodayRoom In Apartment-NA-RM260
TodayCondominium1,137 sfRM1,700
TodayRoom In House-NA-RM780
YesterdayRoom In Apartment-NA-RM600
13-Dec-19Low-Cost Flat900 sfRM1,200
13-Dec-19Condominium1,137 sfRM1,700
12-Dec-19Low-Cost Flat750 sfRM1,000
12-Dec-19Condominium750 sfRM1,080
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