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.

Property Type
Land Tenure
920 sf - 1,137 sf
Market Price
RM470,000 - RM520,000
Total Units
648 Units
Completion Date
Launch Price
About RM200 psf

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

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:

DateProperty TypeBuilt-upPrice
23 Nov 2023Condominium1,140 sfRM680,000
10 Nov 2023Condominium920 sfRM530,000
10 Nov 2023Condominium920 sfRM530,000
28 Oct 2023Condominium920 sfRM480,000
27 Oct 2023Condominium1,137 sfRM599,000
27 Oct 2023Condominium920 sfRM488,000
26 Oct 2023Condominium900 sfRM499,000
25 Oct 2023Condominium1,137 sfRM560,000
24 Oct 2023Condominium920 sfRM480,000
21 Oct 2023Condominium1,137 sfRM530,000

Latest Pelangi Utama rental listings:

DateProperty TypeBuilt-upRental
TodayMedium Room-NA-RM500
TodayHouse Room-NA-RM500
TodayHouse Room-NA-RM500
TodayHouse Room-NA-RM600
TodayHouse Room-NA-RM550
11 Nov 2023Medium Room-NA-RM750
11 Nov 2023Single Room-NA-RM650
5 Nov 2023Single Room-NA-RM680
4 Nov 2023Single Room-NA-RM580
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