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.

Property Type
Integrated Office, Residential & Retail
Land Tenure
Leasehold
Built-up
560 sf - 1,970 sf (Condominium)
1,450 sf - 3,003 sf (Office)
Market Price
RM420,000 - RM1,220,000 (Condominium)
RM930,000 - RM1,800,000 (Office)
Density
-NA-
Completed In
-NA-
Developer
Launch Price
-NA-

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:

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:

Condominium Layouts

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.

Office Layouts

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:

DateTypeBuilt-upPrice
28 Jun 2022Condominium1,862 sfRM960,000
11 Jan 2022Condominium1,862 sfRM960,000
12 Jan 2022Condominium1,900 sfRM950,000
27 Dec 2021Studio560 sfRM419,999
24 Dec 2021Condominium667 sfRM480,000
23 Dec 2021Condominium1,900 sfRM999,000
22 Dec 2021Condominium600 sfRM500,000
26 Nov 2021Studio560 sfRM419,999
18 Nov 2021Condominium775 sfRM500,000
17 Nov 2021Office3,003 sfRM1,800,000

Latest PJ8 for rent listings:

DateTypeBuilt-upRental
12 Oct 2022Condominium571 sfRM1,600
13 Feb 2022Condominium645 sfRM1,700
17 Jan 2022Condominium667 sfRM1,900
15 Jan 2022Condominium667 sfRM1,900
12 Jan 2022Condominium568 sfRM1,600
24 Dec 2021Condominium700 sfRM1,900
9 Dec 2021Apartment Room-NA-RM1,200
8 Dec 2021Office3,050 sfRM12,500
26 Nov 2021Condominium775 sfRM1,999
25 Nov 2021Condominium667 sfRM1,700
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