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Pelangi Apartment, Mutiara Damansara

Pelangi Apartment is a leasehold apartment situation along Persiaran Surian. It is neighbors with many similar developments such as Opal Damansara, Flora Damansara and Casa Damansara 1. It have 19-storey tall buildings that offer apartment units with built-up sizes ranging from 674 sf to 1,180 sf.

Each units come generally come with 3 bedrooms and 2 bathrooms, although there may be slight variations between units. Facilities available to residents include covered parking, mini market, playground, sauna and 24-hour security. It is situated within close proximity to many amenities. Right beneath the apartment, there are several shop lots like House Depot and Club 29, while a short drive along Persiaran Surian will bring you to The Club which is host to recreational activities like paintball, and a famous restaurant that serves authentic Chinese food.

Furthermore, Pelangi Apartment is only a stone’s throw away from the most happening entertainment hub in Petaling Jaya, which is host to shopping complexes like The Curve, IPC, Ikea, and 1 Utama. Residents will have many options when it comes to education, as there are many schools within Bandar Utama; on the other hand, high educational institution like Segi College and KBU are within 1km radius. There is a bus stop right in front, rendering it extremely easy for tenants to utilize public transport. Accessibility-wise, the apartment is serviced by major highways like LDP, Sprint, NKVE and Penchala-link.

Property Details

  • Name: Pelangi Apartment
  • Address: Persiaran Surian, Mutiara Damansara, 47800 Selangor
  • Type: Apartment
  • Tenure: Leasehold
  • No. of Blocks: 6
  • No. of Storey: 19
  • No. of Bedrooms: 3
  • No. of Bathrooms: 2
  • Built-up: 674 sf – 1,180 sf
  • Maintenance Fee: RM0.20 psf (including sinking fund)
  • Subsale Price: RM210,000 - RM550,000
  • Rental Price: From RM800

Facilities

  • Covered parking
  • Gymnasium
  • Swimming pool
  • Mini market
  • Sauna
  • 24-hour security

Market Trends

Analysis

Pelangi Apartment is located alongside the main road leading towards the emerging township of Kota Damansara. As such, residents will enjoy convenience at the tip of their fingers. Unfortunately, traffic congestion along Persiaran Surian is quite unbearable. Driving home from work will not be much of a problem as most of the traffic only starts to build up after the apartment, thus allowing tenants to avoid the traffic. Driving out of the apartment is a different story as the road is quite poorly planned, tenants will have to make a U-turn (which is frequently congested) to access major highways. However, it is justifiable considering its affordability in a prime location.

Pelangi Apartment may seem appealing to investors as well as it provides good rental yield. There are many colleges and universities within close proximity to the apartment, thus attracting large crowds of students from all over the world. The price for the apartment, have not increased dramatically over the years while most developments around the area have increased almost twicefold.

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