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.
This condominium has many amenities nearby, i.e. schools, universities, hospitals and metro transport stations. The following are some of the main schools here:
- Pusat Sumber SK Bandar Utama Damansara 2
- SK Bandar Utama
- SK Bandar Utama Damansara 2
- SMK Bandar Utama Damansara 2
- SMK Bandar Utama Damansara 3
- SRA Kampung Sungai Kayu Ara
- The British International School Of KL
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:
| Date | Type | Built-up | Price |
|---|---|---|---|
| 18 Nov 2021 | Condominium | 1,001 sf | RM600,000 |
| 17 Nov 2021 | Condominium | 1,000 sf | RM490,000 |
| 17 Nov 2021 | Condominium | 1,000 sf | RM490,000 |
| 17 Nov 2021 | Condominium | 1,137 sf | RM620,000 |
| 14 Nov 2021 | Condominium | 1,137 sf | RM620,000 |
| 12 Nov 2021 | Condominium | 920 sf | RM480,000 |
| 12 Nov 2021 | Condominium | 920 sf | RM500,000 |
| 9 Nov 2021 | Condominium | 1,000 sf | RM530,000 |
| 9 Nov 2021 | Condominium | 1,137 sf | RM620,000 |
| 4 Nov 2021 | Condominium | 1,137 sf | RM590,000 |
Latest Pelangi Utama for rent listings:
Location ok, unfriendly guard, swimming pool not well maintained.
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Close to the 1 Utama and the MRT. Clean, not too high density and has a great cafe.