Platinum Lake PV12, Danau Kota

Platinum Lake PV12 is a leasehold mixed apartment & commercial development located in Danau Kota, Jalan Genting Klang. There are 680 apartment units available at this project with built-up from 1,207 sf to 1,303 sf for apartment units. It was developed by Platinum Victory Development Sdn Bhd with a launch price at about RM270 psf for apartment units, and was completed in around 2008.

Platinum Victory Development Sdn Bhd is a large-scale property development company held privately, and it has built about 20 property projects in Malaysia. Other similar projects by the same developer are Platinum Hill PV2, Platinum Hill PV3, Platinum Hill PV5, Platinum Lake PV10, Platinum Lake PV13, Platinum Lake PV15, Platinum Lake PV16, Platinum Lake PV20, Platinum Lake PV21 and Platinum Suites.

This mixed apartment & commercial development has many amenities nearby, e.g. hospitals, schools and universities.

The current market prices for Platinum Lake PV12 are from RM410,000 to RM420,000 (about RM340 psf) for apartment units; while the monthly rentals are from RM1,500 to RM1,700 (about RM1.28 psf) for apartment units. The highest median price psf ever recorded was RM430 psf in Q4 2016 (Apartment); while the lowest one was RM227 psf in Q4 2009 (Apartment).

The current rental yield of Platinum Lake PV12 is 4.5% for apartment units. The highest rental yield ever recorded was 5.26% in Q1 2011 (Apartment); while the lowest one was 3.81% in Q1 2015 (Apartment). Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size combination at Platinum Lake PV12 for apartment units is 3-bedroom / 1,207 sf with a median price of RM340 psf. For price wise, the most expensive one is 3-bedroom / 1,207 sf with a median price of RM340 psf; while the cheapest one is 4-bedroom / 1,303 sf with a median price of RM320 psf.

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