Platinum Melati Residences
From
RM678k
Price From
RM678k
Platinum Melati Residences Review — Worth Buying?
NP Score
6.8/10
Moderate
The honest verdict
Pricing & Value
Entry-level pricing of RM677,500 is competitive for the Setapak market, though without specified completion dates or detailed specifications, buyers cannot accurately assess value-for-money relative to comparable finished projects in the vicinity.
Location & Connectivity
Setapak offers moderate accessibility with proximity to major roads and commercial zones, but the absence of nearby MRT connectivity is a significant limitation for public transport-dependent residents and may affect long-term capital appreciation compared to MRT-linked developments.
Risk & Timing
The lack of a specified completion timeline presents execution risk and extends buyer holding periods before occupancy; combined with leasehold tenure (versus freehold alternatives), this creates potential concerns regarding investment horizon and eventual asset value depreciation as the lease term shortens.
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- Market price analysis — is it fairly priced?
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- Area income profile (DOSM)
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Project Details
Property Type
Condominium
Land Tenure
Leasehold
Construction Status
New Launch
Bumi Discount
Not Available
Why Consider Platinum Melati Residences?
Based on location data and market analysis
- ✓Located in Setapak, Kuala Lumpur
- ✓Leasehold title property
- ✓By Developer — verified developer on NewProjek
- ✓Condominium development
Investment Snapshot
Based on verified transaction data for Kuala Lumpur
Est. Monthly Rental
RM2,300–3,100
Based on similar properties in Kuala Lumpur
Gross Rental Yield
4.3%–5.3%
Annual rental / property price
Airbnb Estimate
RM4,800/mo
RM220/night × 72% occupancy · 8.5% gross yield
Area Price Trend
+9%
Verified sold prices 2021–2025
Price-to-Income
5.2x income
Lower = more affordable (avg 6.8x)
Estimates based on verified transaction data for similar properties in Kuala Lumpur (2021–2025). Not financial advice.
See full area analysis →Check subsale transaction history in Setapak
Browse real verified transaction prices for nearby properties
Can I afford this?
Estimate only — actual bank approval depends on your credit profile and existing commitments.
Est. monthly repayment
RM 2,773/mo
Based on 10% down, 35yr tenure at 4.2% p.a.
Minimum gross monthly income typically needed
RM 4,622/mo
Assumes no other debts, at a comfortable 60% DSR. Banks allow up to ~70% — existing car/personal loans lower how much you qualify for.
Check with your real income →Estimated cash needed upfront
Part of your down payment and stamp duty can often be covered using EPF Account 2 savings (subject to eligibility and withdrawal limits).
Full stamp duty & legal fee breakdown →Frequently Asked Questions
What is the price of Platinum Melati Residences?▼
Platinum Melati Residences starts from RM678k. Contact the developer directly on NewProjek for the latest pricing.
Where is Platinum Melati Residences located?▼
Platinum Melati Residences is located in Setapak, Kuala Lumpur, Malaysia.
Who is the developer of Platinum Melati Residences?▼
Platinum Melati Residences is developed by Developer.
What type of property is Platinum Melati Residences?▼
Platinum Melati Residences is a Condominium development with Leasehold tenure.
What is the construction status of Platinum Melati Residences?▼
Platinum Melati Residences is currently New Launch.
Berapa harga Platinum Melati Residences?▼
Platinum Melati Residences dijual bermula dari RM678k. Hubungi pemaju terus melalui NewProjek untuk senarai harga terkini.
Interested in Platinum Melati Residences?
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Verified Transaction Data
What do units here actually sell for?
Real stamped SPA prices — not asking prices. From RM69.90.
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