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Platinum Hill PV 2

Sale Price *

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Rental Price **

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Rental Yield **

4.29%

Rental income expressed as a percentage of the property's value.

Sale Price *

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Rental Price **

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Rental Yield **

4.29%

Rental income expressed as a percentage of the property's value.

Details
Developer:Platinum Victory Group of Companies
Architect:
Main Contractor:
Land Size (sqm):
GFA (sqm):
Plot Ratio (Incl. Bonus):
Project Name:Platinum Hill PV 2
Street Name:Jalan Taman Melati 1, Taman Melati Utama
Postal Code:53100
Property Type:Condominium/Apartment
Tenure:
District/Planning Area:Setapak
Completion:N/A
Number of Landed Units:0 units
Number of Non Landed Units:700 units
Sold Price Range/Average*:RM 354 psf - RM 393 psf / RM 370 psf
Leased Rental Range/Average**:
Implied rental yield**:4.29%
Historical High:RM 528 psf in Dec 2013 for a 1,496-sqft unit
Indicative Average Price from Historical High:%
Historical Low:RM 131 psf in Mar 2011 for a 1,324-sqft unit
Buyer Profile by Residential Status:
Buyer Profile by Purchaser Address:
*Based on transactions in the last 48 months.
**Based on asking rental data in the last 12 months. May not be representative.
Amenities
24-hour Security
Car Park
Swimming Pool
Fitness Centre
Park and Garden
Banquet Hall
Mosque/Surau

About This Project

Developed by Platinum Victory Group of Companies, Platinum Hill PV2 follows the success of the developer’s 10 previously completed residential projects in Setapak, namely PV3, PV5, PV6, PV7, PV8, PV10, PV12, PV13, PV15 and PV16. Similar to these preceding high-rise residences, PV2 is a mid-cost high-density development comprising 700 units spread in two L-shape blocks with three design layouts. **##Location ##** Residents get to enjoy a full range of amenities available in the matured Setapak neighbourhood. They include commercial areas, food and beverage outlets, banks, colleges such as Tunku Abdul Rahman University College (TARUC), schools like SMK Taman Melati, a police station, a fire station, hospitals, clinics and many more. The condominium is located off the Middle Ring Road 2 (MRR2), which make traveling to and from Kuala Lumpur city centre, Ampang and Gombak a breeze. Besides that, the project is a stone’s throw away from public transportation, being a mere 1km away from Rapid KL bus station and 1.5km away from Taman Melati LRT Station. The vantage position also allows residents to enjoy the Kuala Lumpur skyline. **##Analysis ##** PV2 is a short walking distance from PV5, PV6 and PV8, which are the main contributors to the area’s vibrancy. Being the 11th project puts PV2 as the direct benefit of the established area, which used to be languid due to low population and lack of accessibility. Just like the other PV series projects by the developer in Setapak, PV2 enjoyed a good take-up and stable tenant resources from the nearby TARUC, which is located a mere 2km away from the site. However, there are only two access roads serving about 3,000 units in the vicinity. Therefore traffic and roadside parking may pose a challenge.
Sales Transaction of Platinum Hill PV 2

Source: NAPIC, EdgeProp.my

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Price Trends

Source: NAPIC,EdgeProp.my

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Historical Monthly Price Range & Volume Trends

Source: NAPIC,EdgeProp.my

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Asking Prices of Platinum Hill PV 2

Source: EdgeProp.my

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Sale Asking Price Trends

Source:EdgeProp.my

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Sales Asking Quarterly Price Trends

Source: EdgeProp.my

Note: 25% of listings asked for below 25th percentile price, 50% asked for below median price and 75% asked for below 75th percentile price. Data are only available if there are more than 10 listings in any quarter
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Rental Listings of Platinum Hill PV 2

Source: NAPIC, EdgeProp.my

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Rental Asking Price Trends

Source:EdgeProp.my

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Average Rental Yield Analysis

Source: NAPIC,EdgeProp.my

*Based on transactions and asking rents in the past 12 months.
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Rental Asking Quarterly Price Trends

Source: EdgeProp.my

Note: 25% of listings asked for below 25th percentile price, 50% asked for below median price and 75% asked for below 75th percentile price. Data are only available if there are more than 10 listings in any quarter
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Estimated Unit Size Distribution

Source: NAPIC,EdgeProp.my

Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
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Price Comparison with Nearby Properties (UP to 50)

Source: NAPIC,EdgeProp.my

Note: Excludes properties with no transactions in the past 4 years. *Prices and rentals are based on data in the past 4 years.

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Price Comparison with Nearby Properties

(Properties Within 1km)

Note: Excludes properties with no transactions in the past 4 years. *Prices and rentals are based on data in the past 4 years.

Source: NAPIC,EdgeProp.my

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Listings

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