Danau Kota, Jalan Genting Klang
Danau Kota (also known as Platinum Lake City) is a leasehold town that is located in Jalan Genting Klang, Setapak. It is an interesting residential neighbourhood with a diverse mix of residents. It is home to people from various income groups, which makes it a microcosm of Malaysia's larger society. Interestingly, the area's popularity surged when it became a hotspot thanks to the Platinum developments like the commercial hub. Its strategic location beside the main road, Jalan Genting Klang, made it an ideal place for businesses to flourish. What's more, the neighbourhood also houses a colony of students who are studying at the nearby Tunku Abdul Rahman University College. This has made it an ideal rental market for investors looking to invest in rental properties that cater to both student and working demographics. Overall, Danau Kota's strong points are strategic location, and an affordable lifestyle, and these factors have boosted the area's desirability and attractiveness to tenants and investors alike.
The built-up available in this town is 1,200 sf to 5,300 sf for houses. Other neighbouring towns around here are Air Panas, Bandar Baru Sentul, Jalan Genting Klang, Melawati Town Centre, Sri Rampai, Taman Melati, Taman Melawati, Taman P Ramlee, Taman Setapak and Wangsa Delima.
This town has some amenities nearby, for example transit stations, universities, hospitals and schools. The following are some of the main transit stations here:
As for universities, there are Steno College Malaysia and Tunku Abdul Rahman University Of Management & Technology (Tar Umt).
The current rental yield of Danau Kota is 2.4% for houses. The highest rental yield ever recorded was 4.06% in Q1 2020 (house); while the lowest one was 2.4% in Q1 2021 (house). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at Danau Kota for houses is 4-bedroom / 1,500 sf with a median price of RM550 psf. For price wise, the most expensive one is 7-bedroom / 5,300 sf with a median price of RM980 psf; while the cheapest one is 7-bedroom / 5,000 sf with a median price of RM260 psf.
Latest Danau Kota sale listings:
Latest Danau Kota rental listings: