PJ8 is an integrated serviced apartment and office development centrally located in Petaling Jaya. It is a new landmark of Petaling Jaya New Town and can be easily spotted along Federal Highway at Jalan Barat exit. The development was soft launched on November 2004, and officially launched on March 2005. It was completed in the end of 2008. This modern PJ8 comprises a 38-storey service apartment suite tower, a 12-storey office suite block and two corporate office towers of 13-storey and 17-storey respectively. It is tailored to embrace contemporary architecture and features tamed urban forest landscaping throughout the entire development. From the total 3 office blocks, one will be IJM headquarter, one will be leasing by the land owner and the last 12-storey block is open for sale. The building comprises 4 basement car park levels, 2 levels for food and beverage, and the rest are office suites, from level 3 to 11. There are few layouts for service suite to choose from - 1-bedroom (7 types), 1+1 (2 types), 2+1 bedroom, 3+1 bedroom and penthouse (2 types). Each unit comes with water heater and shower screen in master bedroom and a car park bay. Additional car park costs RM25,000 each, and is only open to big units. PJ8 is well-served by numerous amenities, which mostly within mere minutes of walking distance. Right next to it is Wisma Thrifty, which has Giant supermarket as its anchor tenant. There are also rows of restaurants next to it such as Restoran Syed and KFC. For access, it can be easily reached from Jalan Barat which is connected to Federal Highway. Also, it is served by Penchala Link and New Pantai Expressway (NPE). Besides that, there is Asia Jaya RapidKL LRT station located just 5 minutes walking from the development.
Property Details
Name: PJ8 Address: Jalan Barat, 46200 Petaling Jaya, Selangor Developer: IJM Land Berhad Completion Date Office Suite: May 2005 Service Suite: End 2008 Type: Office Suite, Serviced Suite & Retail Suite Tenure: Leasehold No. of Blocks: 4 No. of Storey Office Suite: 12 Service Suite: 38 No. of Units Office Suite: 46 Service Suite: 38 Land Area: 3.8 acres Built-up Office Suite: Approx. 1,485 – 4,595 sf Service Suite: 560 sf (1-bedroom) – 5,235 sf (penthouse) Maintenance Fee Office Suite: RM0.30 psf Service Suite: RM0.28 psf Launch Price Office Suite: RM600,000 – RM1.8 million (about RM400 psf) Service Suite: From RM198,000 onwards (about RM350 psf) Subsale Price: Rental: Layouts
Service Suite 624 sf: 1 bedroom + 1 bathroom 667 sf: 1 bedroom + 1 bathroom 560 sf: 1 bedroom + 1 bathroom 645 sf: 1 bedroom + 1 bathroom 775 sf: 1 + 1 bedroom + 2 bathrooms 840 sf: 1 + 1 bedroom + 2 bathrooms 1,797 sf: 2 + 1 bedroom + 3 bathrooms 1,948 sf: 3 + 1 bedroom + 3 bathrooms Penthouse: 5,091 sfFacilities
Swimming pool Gymnasium Sauna and changing room Squash court Landscaped garden BBQ pit Business centre (sky lobby) Games room Multi-purpose hall Launderette, concierge and housekeeping (chargeable) 24-hour securityMarket Trends
Latest transaction in PJ8, Petaling Jaya
| SPA Date |
Address |
Size |
Price |
| 05/10/2016 |
Jalan Barat |
1970 ft2 |
875000 |
| 27/04/2016 |
Jalan Barat |
678 ft2 |
570000 |
| 03/01/2016 |
Jalan Barat |
1970 ft2 |
1500000 |
| 21/12/2015 |
Jalan Barat |
624 ft2 |
500000 |
| 22/09/2015 |
Jalan Barat |
1970 ft2 |
1400000 |
Analysis
PJ8 is another eminent and successful development by IJM Land. It is indeed a very reputable developer which established way back in 1986 as a joint venture between IGB Construction, Jurutama and Mudajaya. Besides numerous properties development in the country, the company also ventures in foreign countries including Australia, Bangladesh, United Kingdom and America. PJ8 is strategically located in the established PJ New Town, where it is surrounded by corporate towers and commercial centres like Menara Axis, Crystal Plaza, Menara LYL, 8th Avenue, Wisma MCIS Zurich and Menara PKNS. Besides that, it is also well-served by public transportation including LRT and bus, as well as numerous highways. Due to these attractions, PJ8 is favored by many as a residential and an office. In terms of investment, most investors and owners have benefited in both capital appreciation and rental yield for the past few years. They claimed that they have made around 7% up to 9% of rental yield from their investment. As for its capital appreciation, the prices have tremendously increased by 50% from the launching prices.
