Pelangi Utama

Pelangi Utama is formerly known as Pelangi Damansara 2. It is a 19-storey project located in the most sought-after Damansara neighborhood of Bandar Utama. Pelangi Utama is located on 13.5 acres of development land at Kampung Sungai Kayu Ara, which was fully completed in 2006. It is a leasehold property developed by Metro Kajang Holdings. Pelangi Utama was developed in two phases, whereby each phase allocates three apartment blocks with a total of 648 units. All units have 3 bedrooms and 2 bathrooms with built-up areas ranged between 920 and 1,137 sf. Several facilities that are available at Pelangi Utama include swimming pool, wading pool, gymnasium, sauna, cafeteria, children's playground, multipurpose hall and 24 hour security system.Amenities wise, Pelangi Utama comes up top again as there are prominent shopping complexes such as One Utama, Ikea, Tesco, Ikano Power Center and Center Point, all within walking distance; if not a short drive. In terms of location, Pelangi Utama is situated on a prime land. The BU address is much sought after as it is considered both a high-end address and accessibility to all major roads and even highways is excellent. The condominium is easily accessible to Lebuhraya Damansara Puchong (LDP), Jalan Damansara, Lebuhraya Lembah Klang (NKVE), and Penchala Link. Moreover Pelangi Utama just 700 meters away from the nearest MRT Bandar Utama MRT Sungai Buloh-Kajang Line.Metro Kajang Holdings is a public listed company principally involved in property development, hospitality services, investment holding and furniture manufacturing. It has completed over 19,000 units of properties and is well known as a reputable property developer, especially in Kajang. In addition, the group also operates a hotel (Prescott Metro Inn) and 2 shopping complexes (Plaza Metro Kajang and Metro Point Complex) in Kajang town itself.

Property Details

Name: Pelangi Utama

Address: Jalan Masjid, Bandar Utama, 47400 Petaling Jaya, Selangor

Developer: Metro Kajang Holdings

Completion Date: 2006

Type: Apartment

Tenure: Leasehold

No. of Blocks

Phase 1: 3

Phase 2: 3

No. of Units

Phase 1: 648

Phase 2: 648

Land Area: 13.50 acres

Built-up: 920 - 1,137 sf

Launch Price: RM190,800 - RM299,800

Subsale Price: From RM615,000

Rental: From RM1,600

Layouts

Type A Corner

3 bedrooms + 2 bathrooms (1,137 sf)

Type B End

3 bedrooms + 2 bathrooms (1,000 sf)

Type C Intermediate

3 bedrooms + 2 bathrooms (920 sf)

Facilities

Swimming pool

Wading pool

Gymnasium

Sauna

Cafeteria

Children's playground

Multipurpose hall

24 hour security system

Market Trends

Analysis

Price wise, Pelangi Utama was launched at RM190 psf, which is relatively affordable compared to nearby developments. As of September 2014, the subsale price for Pelangi Utama starts from RM615,000 and rental price starts from RM1,600, depending on whether the unit is unfurnished, semi-furnished or fully furnished. With regards to internal finishes, there is nothing to boast, in fact there have been some complaints with regards to quality of finishes as the developer undertakes contracting work via their subsidiaries.Facilities at Pelangi Utama are pretty standard, but enough to occupy its residents with basic interesting facilities. The unit's layouts are relatively standard as well. Most of the tenants in Pelangi Utama are professional staffs from KPMG and IBM multi-national company that is located near to One Utama. Hence it will be a good piece of investment for renting out to tenant who want to stay nearer to their office in order to avoid congested traffic in LDP Highway that widely use to enter into Bandar Utama area.Each of the blocks are twin-winged, with a total of 12 units per floor. There are three unit types at Pelangi Utama where all have 3 bedrooms each with at least one balcony. Type A comes with a large master bedroom along with a large balcony and yard. The earlier phase of Pelangi Utama were all sold out by 2014, whereas the next phase were all sold out by 2016, and now are available only via sub-sale. The high demand clearly indicates the prime location of this development. It terms of location, Pelangi Utama is top notch investment. One drawback is the limited parking space available for residents forcing them to park outside the condominium. Each resident is allocated one parking lot and to purchase another one costs RM150 / month. And even then it is subject to a drawing of lots since there are only 10 units of parking lots left. Parking outside Pelangi Utama is not only inconvenient, but some residents have been receiving summonses from the local MBPJ (Petaling Jaya City Council) authority for unauthorized parking. Residents are also concerned with safety issues when parking outside the condominium. So far nothing has been done to resolve this lack of parking space and residents are working with the joint management body (JMB) through committee meetings to come up with a solution. Another drawback is Pelangi Utama is being rented out to students of KDU due to its affordable pricing and strategic location. Needless to say, students are seldom considered desirable home occupants as they can tend to be careless and unconcerned with keeping the condominium a clean and safe home to live. Most of these students rent these places out for the duration of their studies and can be a noisy vandalizing group of kids.Due to security concern in recently, the management starts to impose charges for visitor-carpark in all the blocks, charging RM5 from Monday to Thursday and RM10 for weekends and public holiday, in order to prevent unnecessary visitors. CCTV and emergency intercoms are also installed in car parking basement level, but management did not increase any maintenance fees. If you are looking for investment, Pelangi Utama is definitely a good piece of investment because of its location and accessibility. The drawbacks are clear, but if it is just as an investment property, then it is a go. For own stay you may want to reconsider the current problems being faced by residents.