ASA Residence, Condominium @ Sri Petaling, KL
Powered by verified data + DOSM
Generated 29 July 2026
Developer
—
Location
Sri Petaling, Kuala Lumpur
Type
Condominium
Price
RM1.2 mil+
Tenure
Leasehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM1,240,000 entry price, ASA Residence offers competitive positioning within the Sri Petaling condominium segment, though pricing justification depends on unit specifications, built-up area, and amenities relative to comparable projects in the vicinity.
- •**Location & Connectivity**: Sri Petaling provides established residential infrastructure and accessibility via major roads, but the absence of nearby MRT connectivity is a notable limitation for buyers relying on public transportation, potentially affecting long-term rental demand and resale appeal.
- •**Risk & Timing**: The unspecified completion timeline presents execution risk and unclear occupancy projections; leasehold tenure with no stated lease length also requires clarification, as this directly impacts long-term asset value and buyer eligibility under financing criteria.
NewProjek Score
5.8
Moderate
- • Developer verification status not confirmed
- • Leasehold tenure — check remaining lease years
- • Priced 46% above area median — premium pricing
Is this project priced fairly?
W.P. Kuala Lumpur — Median Condo Prices (Verified)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM780,000 | — |
| 2022 | RM800,000 | +2.6% |
| 2023 | RM820,000 | +2.5% |
| 2024 | RM835,000 | +1.8% |
| 2025 | RM850,000 | +1.8% |
Est. Monthly Rental
RM4,200–5,700
Based on similar properties in Kuala Lumpur
Gross Rental Yield
4.3%–5.3%
Annual rental / property price
Area Price Trend
+9%
Verified data 2021–2025
Price-to-Income
9.6x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | No |
| RM10,000 | RM1.5 mil | Yes |
| RM15,000 | RM2.3 mil | Yes |
| RM20,000 | RM3.2 mil | Yes |
Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin
DOSM income data for Kuala Lumpur
Median Household Income
RM10,802/mo
DOSM 2024
Mean Household Income
RM13,985/mo
DOSM 2024
Households Above RM8k
~61%
Estimated for Kuala Lumpur
Why Consider
- • Sri Petaling established neighbourhood with excellent amenities
- • Strategic KL location near shopping and dining
- • Competitive pricing for condominium in central area
- • Strong rental demand potential in popular district
- • Well-connected locality for commuting across Kuala Lumpur
Risk Factors
- • Premium pricing relative to area median may limit resale upside
- • Leasehold tenure may depreciate faster than freehold
- • No MRT/LRT station listed nearby — may affect future demand
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Disclaimer: This report is generated using publicly available data from the government, DOSM, and developer disclosures. Rental estimates, yield projections, and risk assessments are indicative only and do not constitute financial advice. Market conditions may change. Consult a licensed property valuer or financial advisor before making investment decisions. NewProjek is not responsible for any decisions made based on this report.