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Platinum Hill PV5, Setapak

Platinum Hill PV5 was first launched in 2002 as part of the first phase of development in Taman Melati Utama by Platinum Victory Development. Together with Platinum Hill PV3, there are altogether 950 units in six 17-storey blocks that were completed in 2005 that form Phase 1 of this development.

Platinum Hill PV1, which refers to the shop-office block, was also launched about the same time. Platinum Hill PV5 is located in Taman Melati Utama and easily accessible via MRR2 and turning off into Jalan Taman Melati 1. Situated over 32 acres of freehold land, Platinum Victory has sold off the first phase of its office blocks located in front of the condominium. With tenants like Old Town Kopitiam, Secret Recipe, 7-Evelen and Speed 99 supermarket, and many other amenities.

Platinum Hill PV5 it is just a few minutes walk out the door to your favorite conveniences. The Taman Melati LRT station is just 5 minutes away, while the MRR2 links up with the DUKE highway, just 10 minutes away, taking commuters quickly into the city center or even to Cheras, Ampang or Damansara in 15-20 minutes. UTAR, Kolej Tunku Abdul Raman, Sayfol, Fairview and Sri Utama International Schools along with public primary and secondary schools are amongst the notable educational institutions that surround the area. Taman Melati Utama is surrounded by neighboring communities like Kampung Wira Jaya, Desa Melawati, Gombak Setia and Taman Bunga Raya.

Property details

  • Name: Platinum Hill PV5
  • Address: Jalan Melati Utama 3, Taman Melati Utama, 53100 Kuala Lumpur
  • Developer: Platinum Victory Development
  • Completion Date: 2006
  • Tenure: Freehold
  • Type: Condominium
  • No. of Units: 950 (together with PV3)
  • Built-up: 1,272 – 2,662 sf
  • Maintenance Fee: RM156 (RM0.124 psf)
  • Launch Price: From RM180,000
  • Rental: RM1,272 - RM2,700

Facilities

  • BBQ area
  • Cafeteria
  • Gym
  • Jacuzzi
  • Swimming pool
  • Jogging track
  • Mini market
  • Playground
  • Salon
  • 24hr security
  • Nursery
  • Launderette
  • Multipurpose hall
  • Car wash area
  • Satellite MATV ready

Market Trends

Analysis

Platinum Hill PV5 is situated in a very dense and highly populated area, but amenities are aplenty. From the local fire station to petrol stations, supermarkets, shopping centers, banks, post office, F&B outlets and educational institutions, one will lack nothing living in this area. Taman Melati Utama is fast being developed into an upper class neighborhood with the upcoming condominiums also by the same developer. Platinum Hill PV2 – fetching a whopping RM450,000 for a 1,500sf unit – is to be completed in 2013.

Rental at PV5 has also increased. An unfurnished unit can fetch RM1,400 – RM1,500 per month, while a fully furnished unit RM1,800 – RM2,500 per month. The largest unit in the condo is a duplex penthouse, which has a built up of over about 2,600 sf, 7+1 bedrooms and 5 bathrooms. Most other units are standard 1,200+ sf. For about RM0.125 psf for maintenance, a lot of facilities are made available to the residents at this condo.

There are plenty of shopping areas, hypermarkets like Carrefour, Giant, supermarkets and departmental stores like Jaya Jusco within the area to serve the large community there. Platinum Victory seems to be doing well in the sale of all its property launches within Taman Melati Utama and also Setapak Lake City – another large 140-acre mixed development.

Find Me Good Deal @ Platinum Hill PV5