Platinum Hill PV2, Taman Melati, Setapak

Platinum Hill PV2 is a freehold apartment located in Taman Melati, Setapak. There are 700 units available at this project with built-up from 1,313 sf to 1,500 sf. It was developed by Platinum Victory Development Sdn Bhd with a launch price at around RM300 psf, and was completed in about 2013.

Platinum Victory Development Sdn Bhd is a medium-sized real estate organization held privately, and it has constructed around 16 real estate projects in Malaysia. Other similar projects by the same developer are Platinum Hill PV3, Platinum Hill PV5, Platinum Hill PV6, Platinum Hill PV8, Platinum Lake PV15, Platinum Lake PV16, Platinum Lake PV20, Platinum Lake PV21, Platinum Suites and The Face.

Property Type
Land Tenure
1,313 sf - 1,500 sf
Market Price
RM550,000 - RM590,000
700 Units
Completed In
Launch Price
About RM300 psf

This apartment has many amenities nearby, for example schools, metro transport stations, hospitals and universities. The following are some main schools here:

As for metro transport stations, there are LRT Gombak and LRT Taman Melati.

The current market prices for Platinum Hill PV2 are from RM550,000 to RM590,000 (about RM420 psf); while the monthly rentals are from RM1,700 to RM2,000 (about RM1.52 psf). The highest median price psf ever recorded was RM502 psf in Q1 2015; while the lowest one was RM136 psf in Q3 2011.

The current rental yield of Platinum Hill PV2 is around 4.6%, compared to 3.62% a year ago in Q1 2018. The highest rental yield ever recorded was 4.6% in Q1 2019; while the lowest one was 3.27% in Q2 2014. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size combination at Platinum Hill PV2 is 3-bedroom / 1,313 sf with a median price of RM420 psf. For price wise, the most expensive one is 3-bedroom / 1,313 sf with a median price of RM420 psf; while the cheapest one is 4-bedroom / 1,450 sf with a median price of RM390 psf.

Latest Platinum Hill PV2 for sale listings:

15-Feb-19Condominium1,500 sfRM580,000
15-Feb-19Condominium1,500 sfRM580,000
14-Feb-19Condominium1,500 sfRM550,000
14-Feb-19Condominium1,500 sfRM580,000
08-Feb-19Condominium1,313 sfRM550,000
08-Feb-19Condominium1,313 sfRM550,000
07-Feb-19Condominium1,400 sfRM500,000
01-Feb-19Condominium1,600 sfRM670,000
28-Jan-19Condominium1,313 sfRM520,000
28-Jan-19Condominium1,313 sfRM520,000

Latest Platinum Hill PV2 for rent listings:

TodayCondominium1,313 sfRM2,200
TodayCondominium1,313 sfRM2,200
YesterdayCondominium1,313 sfRM1,600
YesterdayRoom In Apartment-NA-RM500
YesterdayRoom In Apartment-NA-RM550
YesterdayRoom In Apartment-NA-RM450
YesterdayRoom In Apartment-NA-RM550
YesterdayCondominium1,450 sfRM2,100
YesterdayCondominium1,313 sfRM2,400
17-Feb-19Condominium1,313 sfRM1,700