Pelangi Utama, Kayu Ara

Pelangi Utama is a leasehold condominium located in Kayu Ara, Bandar Utama. There are 648 units available at this project with built-up from 920 sf to 1,137 sf. It was developed by MKH Bhd (aka Metro Kajang) with a launch price of about RM200 psf, and was completed around 2004.

MKH Bhd (aka Metro Kajang) is a gigantic property developer listed on Bursa Malaysia, and it has developed about 75 property projects in Malaysia. Other similar projects by the same developer are Inspirasi, Nexus Residences, Pelangi Astana, Pelangi Damansara, Residensi PR1MA Kajang, Residensi Pinang, Saville and Tower B.

Property Type
Condominium
Land Tenure
Leasehold
Built-up
920 sf - 1,137 sf
Market Price
RM490,000 - RM580,000
Density
648 Units
Completed In
2004
Launch Price
About RM200 psf

This condominium has many amenities nearby, i.e. schools, universities, hospitals and metro transport stations. The following are some of the main schools here:

As for universities, there are First City University College and Wawasan Open University (WOU) Bandar Utama.

The current rental yield of Pelangi Utama is around 4.27%, compared to 4.32% a year ago in Q2 2020. The highest rental yield ever recorded was 5.6% in Q1 2012; while the lowest one was 3.18% in Q1 2018. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size combination at Pelangi Utama is 3-bedroom / 1,000 sf with a median price of RM520 psf. For price wise, the most expensive one is 3-bedroom / 920 sf with a median price of RM530 psf; while the cheapest one is 3-bedroom / 1,137 sf with a median price of RM510 psf.

Latest Pelangi Utama for sale listings:

DateTypeBuilt-upPrice
18 Nov 2021Condominium1,001 sfRM600,000
17 Nov 2021Condominium1,000 sfRM490,000
17 Nov 2021Condominium1,000 sfRM490,000
17 Nov 2021Condominium1,137 sfRM620,000
14 Nov 2021Condominium1,137 sfRM620,000
12 Nov 2021Condominium920 sfRM480,000
12 Nov 2021Condominium920 sfRM500,000
9 Nov 2021Condominium1,000 sfRM530,000
9 Nov 2021Condominium1,137 sfRM620,000
4 Nov 2021Condominium1,137 sfRM590,000

Latest Pelangi Utama for rent listings:

DateTypeBuilt-upRental
TodayRoom In House-NA-RM600
TodayRoom In House-NA-RM550
TodayRoom In House-NA-RM500
TodayRoom In Apartment-NA-RM530
TodayRoom In Apartment-NA-RM530
TodayRoom In House-NA-RM500
TodayRoom In House-NA-RM500
TodayRoom-NA-RM800
TodayRoom In Apartment-NA-RM780
TodayRoom In Apartment-NA-RM550
2 user comments on Pelangi Utama
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8 Jun 2017 @ 12:00 AM

Location ok, unfriendly guard, swimming pool not well maintained.

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18 Jul 2019 @ 12:00 AM

Close to the 1 Utama and the MRT. Clean, not too high density and has a great cafe.