PJX, PJ New Town

PJX (also known as HM Shah Tower) is a leasehold office building located in PJ New Town, Petaling Jaya.The built-up available at this project is 807 sf to 6,751 sf. It was developed by SBC Corp Bhd with a launch price at about RM400 psf, and was completed in around Dec 2010.

SBC Corp Bhd is a medium-scale property developer listed on Bursa Malaysia, and it has built about 10 property projects in Malaysia. Other similar projects by the same developer are Cantonment Exchange, DEX 1, DEX 2, DEX Suites, Kiara East, Signal Hill Park, Taman Mastiara, The Peak Suites and The Peak Vista.

Property Type
Office Building
Land Tenure
807 sf - 6,751 sf
Market Price
RM480,000 - RM5,870,000
Completed In
Dec 2010
Launch Price
About RM400 psf

This office building has many amenities nearby, e.g. universities, schools, metro transport stations and hospitals. The following are some universities here:

As for schools, there are Bukit Bintang Boys' Secondary School, Catholic High School Pj and SK Sri Petaling. There are also some metro transport stations here, such as LRT Asia Jaya and LRT Taman Jaya.

The current rental yield of PJX is around 9.08%, compared to 7.2% a year ago in Q1 2019. The highest rental yield ever recorded was 9.08% in Q1 2020; while the lowest one was 6.4% in Q2 2019. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size combination at PJX is 1,621 sf with a median price of RM690 psf. For price wise, the most expensive one is 1,672 sf with a median price of RM950 psf; while the cheapest one is 6,695 sf with a median price of RM510 psf.

Latest PJX for sale listings:

TodayOffice6,770 sfRM2,788,000
TodayOffice807 sfRM429,300
TodayOffice1,621 sfRM720,000
8 Apr 2020Office6,695 sfRM3,098,250
9 Apr 2020Commercial6,695 sfRM3,098,250
13 Mar 2020Commercial807 sfRM429,300
16 Mar 2020Commercial807 sfRM429,300
27 Mar 2020Commercial807 sfRM429,300
28 Mar 2020Commercial6,695 sfRM3,098,250
2 May 2020Office1,671 sfRM648,000

Latest PJX for rent listings:

21 May 2020Office1,173 sfRM5,500
15 Mar 2020Office6,770 sfRM32,000
11 Mar 2020Office6,770 sfRM32,496
11 Mar 2020Office3,385 sfRM16,248
11 Mar 2020Office3,376 sfRM15,192
11 Mar 2020Office6,770 sfRM32,500
11 Mar 2020Office1,704 sfRM7,700
6 Feb 2020Office6,770 sfRM32,496
7 Feb 2020Office800 sfRM3,600
7 Feb 2020Office1,621 sfRM8,300
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