Platinum Lake Condominium PV 16

  • Property Type
    Condominium/Apartment
  • Tenure
    Leasehold
  • Street Name
    Jalan Danau Saujana, Danau Kota
  • District / Planning Area
    Setapak
  • Completion
    2013
About Platinum Lake Condominium PV 16

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. 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. Platinum Victory’s 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.

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Profitable Transactions (Limited to 5 Total of 1 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
08 Jan 1306 Feb 151,324 ft²465358145,00013.8

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 1 Transactions)

Bought OnSold OnArea (sqft)Sale Price (RM sqft)Buy Price(RM sqft)Profit (RM)Growth (%)
11 Dec 1327 Apr 171,324 ft²408411--

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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