PJ8, PJ New Town
PJ8 is a leasehold integrated office, residential & retail hub located in PJ New Town, Petaling Jaya. The built-up available at this project is 560 sf to 1,970 sf for condominium units and 1,450 sf to 3,003 sf for offices. It was developed by IJM Land Bhd.
IJM Land Bhd is a very big-scale property developer listed on Bursa Malaysia, and it has developed about 178 property projects in Malaysia. Other similar projects by the same developer are Bandar Rimbayu, Bandar Sri Pinang, Bandar Utama, Bukit Manda'rina, Garden Avenue, Permatang Sanctuary, S2 Heights, Shah Alam 2, Suria Kinrara and The Light Waterfront.
This integrated office, residential & retail hub has many amenities nearby, i.e. universities, schools, hospitals and transit stations. The following are some of the main universities here:
- Brickfields Asia College (BAC)
- City University Malaysia
- Cyberlynx International College
- East Coast PJ College Of Technology
- Excel College
- Iact College
- Mib College (Formerly Malaysian Institute Of Baking)
- Reliance College
- Saito University College
As for schools, there are Bukit Bintang Boys' Secondary School, German School Kuala Lumpur, Qosmo International School, SK Bukit Bintang 1 & 2, SK Sri Petaling and Stars International School. There are also some hospitals here, for example Assunta Hospital and Tun Hussein Onn National Eye Hospital.
Lastly, the transit stations here are LRT Asia Jaya and LRT Taman Jaya.
The current rental yield of PJ8 is 4.21% for condominium units and 6.06% for offices. The highest rental yield ever recorded was 7.81% in Q4 2014 (condominium) and 8.33% in Q2 2021 (office); while the lowest one was 4.14% in Q1 2022 (condominium) and 5.94% in Q3 2022 (office). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size (built-up) combination at PJ8 for condominium units is 1-bedroom / 667 sf with a median price of RM730 psf. For price wise, the most expensive one is 1-bedroom / 560 sf with a median price of RM750 psf; while the cheapest one is 3-bedroom / 1,948 sf with a median price of RM620 psf.
Meanwhile, the most popular layout and size (built-up) combination at PJ8 for offices is 3,003 sf with a median price of RM600 psf. For price wise, the most expensive one is 1,450 sf with a median price of RM640 psf; while the cheapest one is 3,003 sf with a median price of RM600 psf.
Latest PJ8 for sale listings:
| Date | Type | Built-up | Price |
|---|---|---|---|
| 28 Jun 2022 | Condominium | 1,862 sf | RM960,000 |
| 11 Jan 2022 | Condominium | 1,862 sf | RM960,000 |
| 12 Jan 2022 | Condominium | 1,900 sf | RM950,000 |
| 27 Dec 2021 | Studio | 560 sf | RM419,999 |
| 24 Dec 2021 | Condominium | 667 sf | RM480,000 |
| 23 Dec 2021 | Condominium | 1,900 sf | RM999,000 |
| 22 Dec 2021 | Condominium | 600 sf | RM500,000 |
| 26 Nov 2021 | Studio | 560 sf | RM419,999 |
| 18 Nov 2021 | Condominium | 775 sf | RM500,000 |
| 17 Nov 2021 | Office | 3,003 sf | RM1,800,000 |
Latest PJ8 for rent listings:
| Date | Type | Built-up | Rental |
|---|---|---|---|
| 12 Oct 2022 | Condominium | 571 sf | RM1,600 |
| 13 Feb 2022 | Condominium | 645 sf | RM1,700 |
| 17 Jan 2022 | Condominium | 667 sf | RM1,900 |
| 15 Jan 2022 | Condominium | 667 sf | RM1,900 |
| 12 Jan 2022 | Condominium | 568 sf | RM1,600 |
| 24 Dec 2021 | Condominium | 700 sf | RM1,900 |
| 9 Dec 2021 | Apartment Room | -NA- | RM1,200 |
| 8 Dec 2021 | Office | 3,050 sf | RM12,500 |
| 26 Nov 2021 | Condominium | 775 sf | RM1,999 |
| 25 Nov 2021 | Condominium | 667 sf | RM1,700 |