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 19 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
Apartment
Land Tenure
Freehold
Built-up
1,313 sf - 1,500 sf
Market Price
RM540,000 - RM560,000
Density
700 Units
Completed In
2013
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 RM540,000 to RM560,000 (about RM410 psf); while the monthly rentals are from RM1,700 to RM2,200 (about RM1.68 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 4.32%, compared to 3.64% a year ago in Q2 2018. The highest rental yield ever recorded was 4.68% 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 RM410 psf. For price wise, the most expensive one is 3-bedroom / 1,313 sf with a median price of RM410 psf; while the cheapest one is 4-bedroom / 1,450 sf with a median price of RM370 psf.

Latest Platinum Hill PV2 for sale listings:

DateTypeBuilt-upPrice
14-Jun-19Condominium1,450 sfRM530,000
13-Jun-19Condominium1,500 sfRM570,000
13-Jun-19Condominium1,313 sfRM520,000
13-Jun-19Condominium1,600 sfRM550,000
13-Jun-19Condominium1,333 sfRM510,000
13-Jun-19Condominium1,333 sfRM520,000
13-Jun-19Condominium1,313 sfRM550,000
12-Jun-19Condominium1,500 sfRM530,000
12-Jun-19Condominium1,324 sfRM415,600
12-Jun-19Condominium1,500 sfRM530,000

Latest Platinum Hill PV2 for rent listings:

DateTypeBuilt-upRental
TodayRoom In Apartment-NA-RM350
TodayRoom In Apartment-NA-RM350
18-Jun-19Room In Apartment-NA-RM700
18-Jun-19Room In Apartment-NA-RM650
18-Jun-19Room In Apartment-NA-RM550
18-Jun-19Room In Apartment-NA-RM500
17-Jun-19Room In Apartment-NA-RM440
14-Jun-19Condominium1,450 sfRM1,700
14-Jun-19Condominium1,313 sfRM1,600
13-Jun-19Condominium1,313 sfRM1,700