Section 16, Petaling Jaya
Section 16 (also known as Seksyen 16) is a leasehold mixed housing estate located in Petaling Jaya, Selangor. It consists of Latitud 3, Li Villas, Millennium Court, Pearl Villas, Phileo Damansara, Phileo Damansara 2 and Prima 16. The built-up available at this project is 4,725 sf to 5,000 sf for houses and 1,570 sf to 16,200 sf for shop-offices. Other neighbouring projects nearby here are East Residence, Pearl Villas, Section 11, Section 12 and Section 17.
This mixed housing estate has many amenities nearby, such as universities, hospitals, schools and metro transport stations. The following are some of the major universities here:
- Isles International University
- Khadijah College
- Mahsa Prima International College
- Penang International Dental College
- Reng College PJ Campus
- Residential College Tun Syed Zahiruddin
- The University Of Strathclyde Business School
- Zainab College
As for hospitals, there are Columbia Asia Hospital PJ, Regen Rehab Hospital and Regen Rehabilitation International Hospital.
The current market prices for Section 16 are from RM3,800,000 to RM3,900,000 (about RM810 psf) for houses and RM1,500,000 to RM9,560,000 (about RM1,100 psf) for shop-offices; while the monthly rentals are from RM8,000 to RM10,500 (about RM1.60 psf) for houses and RM5,000 to RM5,500 (about RM2.51 psf) for shop-offices. The highest median price psf ever recorded was RM1,040 psf in Q3 2014 (House) and RM1,191 psf in Q1 2018 (Shop-Office); while the lowest one was RM294 psf in Q2 2009 (House) and RM333 psf in Q4 2009 (Shop-Office).
The current rental yield of Section 16 is 3.47% for houses and 4.0% for shop-offices. The highest rental yield ever recorded was 4.0% in Q3 2013 (House) and 4.0% in Q1 2019 (Shop-Office); while the lowest one was 2.08% in Q1 2014 (House) and 4.0% in Q3 2018 (Shop-Office). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Section 16 for houses is 5-bedroom / 4,725 sf with a median price of RM810 psf. For price wise, the most expensive one is 5-bedroom / 4,725 sf with a median price of RM810 psf; while the cheapest one is 7-bedroom / 5,000 sf with a median price of RM760 psf.
Lastly, the most popular layout and size combination at Section 16 for shop-offices is 1,570 sf with a median price of RM1,100 psf. For price wise, the most expensive one is 1,570 sf with a median price of RM1,100 psf; while the cheapest one is 16,200 sf with a median price of RM590 psf.
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