PJX, PJ New Town

PJX (also known as PJ Exchange) is a leasehold office building located in PJ New Town, Petaling Jaya.The built-up available at this project is 852 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
Leasehold
Built-up
852 sf - 6,751 sf
Market Price
RM600,000 - RM6,410,000
Density
-NA-
Completed In
Dec 2010
Developer
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 Catholic High School Pj, Highlands International Boarding School, SK Sri Petaling, SMK (L) Bukit Bintang and SMK (P) Assunta. There are also some metro transport stations here, such as LRT Asia Jaya and LRT Taman Jaya.

The current market prices for PJX are from RM600,000 to RM6,410,000 (about RM900 psf); while the monthly rentals are from RM3,600 to RM16,200 (about RM5.55 psf). The highest median price psf ever recorded was RM1,037 psf in Q3 2015; while the lowest one was RM400 psf in Q1 2008.

The current rental yield of PJX is around 6.32%, compared to 6.89% 5 years ago in Q1 2014. The highest rental yield ever recorded was 7.86% in Q3 2012; while the lowest one was 6.32% 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 RM900 psf. For price wise, the most expensive one is 6,751 sf with a median price of RM950 psf; while the cheapest one is 852 sf with a median price of RM700 psf.

Latest PJX for sale listings:

DateTypeBuilt-upPrice
19-Mar-19Office3,386 sfRM2,810,380
19-Mar-19Office3,386 sfRM2,810,380
06-Mar-19Office3,386 sfRM3,000,000
10-Feb-19Office1,700 sfRM1,588,000
10-Feb-19Office830 sfRM709,000
20-Jan-19Office13,000 sfRM11,700,000
31-Dec-18Office1,671 sfRM1,450,000
07-Dec-18Office830 sfRM709,000
23-Nov-18Office1,700 sfRM1,588,000
28-Oct-18Office1,704 sfRM1,533,600

Latest PJX for rent listings:

DateTypeBuilt-upRental
05-May-19Office6,770 sfRM32,496
05-May-19Office1,173 sfRM7,800
05-May-19Office6,770 sfRM32,000
04-May-19Office6,770 sfRM32,500
23-Mar-19Office3,386 sfRM16,253
23-Mar-19Office3,400 sfRM17,000
22-Mar-19Office6,770 sfRM30,000
22-Mar-19Office3,386 sfRM16,253
09-Mar-19Office6,770 sfRM30,465
28-Feb-19Office1,621 sfRM9,000