Pelangi Utama, Kayu Ara

Pelangi Utama is a leasehold condominium that is located in Kayu Ara, Bandar Utama. There are 648 units available at this condominium 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 very big 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 Pinang, Residensi Prima Kajang, Saville and Tower B.

This condominium has some amenities nearby, i.e. schools, universities, hospitals and transit stations. The following are some main schools here:

• Pusat Sumber SK Bandar Utama Damansara 2
• SK Bandar Utama Damansara 2
• SMK Bandar Utama Damansara 2
• SRA Kampung Sungai Kayu Ara

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

The current rental yield of Pelangi Utama is around 4.81%, compared to 4.0% a year ago in Q3 2022. The highest rental yield ever recorded was 4.81% in Q4 2023; 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 (built-up) combination at Pelangi Utama is 3-bedroom / 1,000 sf with a median price of RM500 psf. For price wise, the most expensive one is 3-bedroom / 920 sf with a median price of RM510 psf; while the cheapest one is 3-bedroom / 1,137 sf with a median price of RM460 psf.

Latest Pelangi Utama sale listings:

Latest Pelangi Utama rental listings: