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 70 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
RM530,000 - 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 4.61%, compared to 4.3% 2 years ago in Q4 2018. The highest rental yield ever recorded was 5.84% in Q3 2010; 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 / 920 sf with a median price of RM580 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
20-Mar-20Condominium1,000 sfRM580,000
18-Mar-20Condominium920 sfRM485,000
14-Mar-20Condominium920 sfRM460,000
13-Mar-20Condominium1,000 sfRM558,000
11-Mar-20Condominium920 sfRM530,000
10-Mar-20Condominium920 sfRM480,000
10-Mar-20Condominium920 sfRM520,000
10-Mar-20Condominium1,000 sfRM488,000
10-Mar-20Condominium925 sfRM488,000
10-Mar-20Condominium1,000 sfRM620,000

Latest Pelangi Utama for rent listings:

DateTypeBuilt-upRental
TodayRoom In House-NA-RM380
TodayRoom In Apartment-NA-RM650
TodayRoom In Apartment-NA-RM650
TodayRoom In Apartment-NA-RM550
TodayRoom In Apartment-NA-RM800
TodayRoom-NA-RM375
YesterdayRoom In Apartment-NA-RM600
YesterdayCondominium1,137 sfRM2,000
28-Mar-20Room In Apartment-NA-RM850
27-Mar-20Room In Apartment-NA-RM680
2 user comments on Pelangi Utama
via
Facebook Reviews
08 Jun 2017 @ 12:00 AM

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

via
Google Reviews
18 Jul 2019 @ 12:00 AM

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