CORE Residence @ TRX, Kuala Lumpur
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
KL City Centre, Kuala Lumpur
Type
Serviced Apartment
Price
RM1.5 mil+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Unit pricing from RM1.52 million positions CORE Residence in the premium segment for serviced apartments; valuation appears competitive for the TRX location but lacks transparency on built-up area, amenities breakdown, and comparable market analysis to definitively assess value proposition.
- •**Location & Connectivity**: The TRX (Tun Razak Exchange) address offers excellent proximity to Kuala Lumpur's financial and commercial hub with established road infrastructure; however, the absence of nearby MRT connectivity is a notable limitation for long-term tenant appeal and mobility compared to emerging developments in Klang Valley with integrated public transport access.
- •**Risk & Timing**: The non-specified completion timeline presents execution and occupancy uncertainty; serviced apartment projects carry higher operational risk dependent on consistent tourism and corporate demand, compounded by Malaysia's post-pandemic recovery in the hospitality sector and potential oversupply in
NewProjek Score
6
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 79% above area median — premium pricing
Is this project priced fairly?
W.P. Kuala Lumpur — Median Condo Prices (NAPIC)
| 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
RM5,200–7,000
Based on similar properties in Kuala Lumpur
Gross Rental Yield
4.3%–5.3%
Annual rental / property price
Area Price Trend
+9%
NAPIC data 2021–2025
Price-to-Income
12.4x
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 | Stretch |
| 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
RM10,234/mo
DOSM 2022
Mean Household Income
RM13,325/mo
DOSM 2022
Households Above RM8k
~58%
Estimated for Kuala Lumpur
Why Consider
- • Prime KL City Centre location with urban convenience and lifestyle amenities
- • Serviced apartment format offers rental income and professional management
- • Freehold tenure provides long-term ownership security and appreciation potential
- • Strategic TRX position near major business and commercial hubs
- • Developer-managed property ensures quality standards and tenant management services
Risk Factors
- • Under construction — completion delays are possible
- • Premium pricing relative to area median may limit resale upside
- • No MRT/LRT station listed nearby — may affect future demand
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Disclaimer: This report is generated using publicly available data from NAPIC, 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.