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 - RM6,080,000
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 RM6,080,000 (about RM900 psf); while the monthly rentals are from RM7,600 to RM16,300 (about RM4.94 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 6.4%, compared to 7.33% a year ago in Q3 2018. The highest rental yield ever recorded was 7.86% in Q3 2012; 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 RM900 psf. For price wise, the most expensive one is 1,704 sf with a median price of RM930 psf; while the cheapest one is 852 sf with a median price of RM700 psf.

Latest PJX for sale listings:

DateTypeBuilt-upPrice
19-Jul-19Office3,386 sfRM2,370,200
19-Jul-19Office3,376 sfRM2,380,000
28-Jun-19Office3,385 sfRM3,046,500
28-Jun-19Office6,770 sfRM6,093,000
28-Jun-19Office3,386 sfRM2,573,360
03-Jun-19Office3,386 sfRM2,400,000
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

Latest PJX for rent listings:

DateTypeBuilt-upRental
10-Jun-19Office3,385 sfRM15,232
10-Jun-19Office3,386 sfRM16,930
10-Jun-19Office6,770 sfRM32,800
10-Jun-19Office6,770 sfRM30,465
10-Jun-19Office1,621 sfRM8,100
09-Jun-19Office12,785 sfRM86,938
09-Jun-19Office6,676 sfRM33,380
09-Jun-19Office826 sfRM3,200
09-Jun-19Office1,650 sfRM7,500
05-May-19Office6,770 sfRM32,496

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