Pinnacle Sri Petaling

Pinnacle Sri Petaling is an integrated condominium and mall development located in Sri Petaling It consists of 832 condominium units and 50 retail units, with built-up areas ranging from 657 sf to 1,022 sf for condominium units.

The development was completed in 2020 by Pinnacle Homes Group of Companies.

Sub-Sale Market Analysis

1. Transaction Prices:

• Average Cost: The average cost of a unit in Pinnacle is around RM600,996[3].
• Market Price Range: The current market price range for Pinnacle units is between RM327,000 and RM770,000, with prices per square foot ranging from RM580 to RM885[3].
• Recent Sales: Recent sales listings show prices ranging from RM488,000 for a 694 sf unit to RM760,000 for a 982 sf unit[1].

2. Rental Prices:

• Rental Yield: The current rental yield for Pinnacle condominium units is 4.56%, with the highest recorded yield being 5.26% in Q4 2023 and the lowest being 3.39% in Q1 2021[1].
• Rental Listings: Recent rental listings show prices ranging from RM2,400 for a 700 sf unit to RM2,700 for a 909 sf unit[1][2][5].

3. Market Trends:

• Klang Valley Market: The Klang Valley housing market saw an overall increase in transaction activities in the primary and secondary markets in 3Q2023, with a reduction in overhang units[4].
• Comparative Analysis: Compared to other properties in the area, Pinnacle has a relatively high rental yield. For example, Seringin Residences has a rental yield of 1.46%, while 8 Petaling has a yield of 2.39%[3].

Key Points:

• Average Unit Cost: RM600,996
• Market Price Range: RM327,000 – RM770,000
• Rental Yield: 4.56%
• Recent Rental Prices: RM2,400 – RM2,700
• Strategic Location: Easy access to highways and amenities

Sources:

• [1] www.land.plus
• [2] www.propertyguru.com.my
• [3] www.propsocial.my
• [4] theedgemalaysia.com
• [5] www.iproperty.com.my