Pelangi Utama, Kayu Ara

Pelangi Utama is a leasehold apartment 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 73 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 The Park and Tower B.

Property Type
Apartment
Land Tenure
Leasehold
Built-up
920 sf - 1,137 sf
Market Price
RM500,000 - RM600,000
Density
648 Units
Completed In
2004
Launch Price
About RM200 psf

This apartment 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 3.7%, compared to 4.0% a year ago in Q2 2019. The highest rental yield ever recorded was 5.68% in Q1 2011; while the lowest one was 3.2% in Q1 2016. 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 RM550 psf. For price wise, the most expensive one is 3-bedroom / 1,000 sf with a median price of RM550 psf; while the cheapest one is 3-bedroom / 1,137 sf with a median price of RM530 psf.

Latest Pelangi Utama for sale listings:

DateTypeBuilt-upPrice
26 Oct 2020Condominium1,000 sfRM518,000
26 Oct 2020Condominium1,000 sfRM550,000
26 Oct 2020Condominium1,137 sfRM620,000
26 Oct 2020Condominium920 sfRM470,000
26 Oct 2020Condominium1,000 sfRM540,000
TodayCondominium1,137 sfRM550,000
24 Oct 2020Condominium1,137 sfRM550,000
24 Oct 2020Condominium1,138 sfRM550,000
24 Oct 2020Condominium920 sfRM495,000
24 Oct 2020Condominium1,000 sfRM600,000

Latest Pelangi Utama for rent listings:

DateTypeBuilt-upRental
TodayRoom-NA-RM750
TodayRoom In Apartment-NA-RM750
TodayRoom In House-NA-RM650
TodayRoom In House-NA-RM700
TodayRoom In House-NA-RM600
TodayRoom In House-NA-RM600
TodayRoom In House-NA-RM550
TodayRoom In House-NA-RM550
TodayRoom In Apartment-NA-RM450
TodayRoom In House-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.