Platinum Hill PV 2

  • Property Type
    Condominium/Apartment
  • Tenure
    Freehold
  • Street Name
    Jalan Taman Melati 1, Taman Melati Utama
  • District / Planning Area
    Setapak
About Platinum Hill PV 2

Developed by Platinum Victory Group of Companies, Platinum Hill PV2 follows the success of the developer’s 10 previously completed residential projects in Setapak, namely PV3, PV5, PV6, PV7, PV8, PV10, PV12, PV13, PV15 and PV16. Similar to these preceding high-rise residences, PV2 is a mid-cost high-density development comprising 700 units spread in two L-shape blocks with three design layouts. Residents get to enjoy a full range of amenities available in the matured Setapak neighbourhood. They include commercial areas, food and beverage outlets, banks, colleges such as Tunku Abdul Rahman University College (TARUC), schools like SMK Taman Melati, a police station, a fire station, hospitals, clinics and many more. The condominium is located off the Middle Ring Road 2 (MRR2), which make traveling to and from Kuala Lumpur city centre, Ampang and Gombak a breeze. Besides that, the project is a stone’s throw away from public transportation, being a mere 1km away from Rapid KL bus station and 1.5km away from Taman Melati LRT Station. The vantage position also allows residents to enjoy the Kuala Lumpur skyline. PV2 is a short walking distance from PV5, PV6 and PV8, which are the main contributors to the area’s vibrancy. Being the 11th project puts PV2 as the direct benefit of the established area, which used to be languid due to low population and lack of accessibility. Just like the other PV series projects by the developer in Setapak, PV2 enjoyed a good take-up and stable tenant resources from the nearby TARUC, which is located a mere 2km away from the site. However, there are only two access roads serving about 3,000 units in the vicinity. Therefore traffic and roadside parking may pose a challenge.

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Profitable Transactions (Limited to 5 Total of 2 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
03 Nov 1127 Mar 171,324 ft²444247227,0009.5
10 Apr 1327 May 131,604 ft²41839990,000206.6

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed.

Unprofitable Transactions (Limited to 5 Total of 2 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
06 Dec 1301 Jul 191,324 ft²347446-130000-4.4
08 Oct 1308 Dec 131,324 ft²423426--

Note: Transactions with the same address are matched. Profitability of each round-trip transaction is based only on the change in asset price and does not take into account transaction costs and the effect of financing. Unit numbers are not disclosed.

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