Sale Price *

Average

RM 353 psf

Range

RM 331 - 366 psf

Rental Price **

Average

N/A

Range

N/A

Rental Yield **

5.34%

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

Sale Price *

Average

RM 353 psf

Range

RM 331 - 366 psf

Rental Price **

N/A

Range

N/A

Rental Yield **

5.34%

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

Platinum Lake PV 16, Setapak Insights

Developer	:Platinum Victory Development Sdn Bhd
Architect	:
Main Contractor	:
Land Size (sqm)	:
GFA (sqm)	:
Plot Ratio (Incl. Bonus)	:
Project Name	:Platinum Lake PV 16
Street Name	:Jalan Danau Saujana, Taman Danau Kota, 53300, Kuala Lumpur
Postal Code	:53300
Property Type	:Condominium/Apartment
Tenure	:
District/Planning Area	:Setapak
Completion	:N/A
Number of Landed Units	:0 units
Number of Non Landed Units	:0 units
Sold Price Range/Average*	:RM 331 psf - RM 366 psf / RM 353 psf
Leased Rental Range/Average**	:
Implied rental yield**	:5.34%
Historical High	:RM 755 psf in Jul 2019 for a 1,324-sqft unit
Indicative Average Price from Historical High	:%
Historical Low	:RM 120 psf in Jan 2011 for a 1,453-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

Squash Court

Tennis Court

Jacuzzi

Sauna

Swimming Pool

Jogging Track

Park and Garden

BBQ Area

About This Project

Platinum Lake PV16, developed by Platinum Victory Development Sdn Bhd, is the phase 4 and 5 of the Platinum Lake project boasting numerous phases of residential and commercial developments surrounding a lake.The exclusive condominium features four different layout designs, namely Type A, 1,646 sq ft with 3 bedrooms and 2 bathrooms; Type A1, 1,450 sq ft with 3 bedrooms and 2 bathrooms; Type B, 1,313 sq ft with 3 bedrooms and 2 bathrooms; and Type B1 is a 4-bedroom 2-bathroom unit which has a built-up of 1,313 sq ft.**##Location##**Located in a matured area of Setapak, Platinum Lake PV16 is served with many conveniences and F&B offerings. In addition, this thriving locale also has various amenities, along with a string of hypermarkets, namely AEONBiG, Tesco, Giant and Uptown Danau Kota. Retail offerings include SetapakSentral, Platinum Mondrain PV128 and Plaza Crystalville. There are various medical institutions nearby such as Tawakal Hospital and KL Hospital, to name a few. The development is also near educational institutions such as SM Chong Hwa, Tunku Abdul Rahman University College, DancePot, Danau Kota Secondary School and Sri Utama Schools.Platinum Lake PV16 is linked to a network of highways and trunk roads like JalanGenting Kelang, Middle Ring Road 2 (MRR2), Duta-UluKlang Expressway (DUKE) and Karak Highway.Public transportation is eased via the nearby LRT WangsaMaju and LRT MelatiUtama, which also ensures a frequency of city buses and taxis.**##Analysis##**Platinum Victorys injection of various residential and commercial projects to boost the population and economy growth of Setapak via the Platinum Lake project has upgraded the locale.Platinum Lake PV16, among the other phases, was fully sold during the launch and in return, has granted buyers with deserving capital and rental appreciations for their properties. Platinum Lake PV16 is a sound buy for its spacious built-ups, strategic location and convenient accessibility. Its affordable prices have made it one of the sought-after dwellings among students from the campuses nearby as well as foreign workers.There are a few disadvantages, however. For starters, the locale is known to be highly congested during peak hours. This adds to the noise and air pollution. Besides that, the flip side of the teeming shops means residents have to brace themselves to face unscrupulous drivers who tend to double park along the main roads.

Sales Transaction of Platinum Lake PV 16

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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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