Icon Residence @ Mont Kiara
Powered by verified data + DOSM
Generated 16 July 2026
Developer
Mah Sing Group
Location
Mont Kiara, Kuala Lumpur
Type
Condominium/Apartment
Price
RM350k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Entry price of RM350,000 offers moderate affordability for the Mont Kiara segment, though per-unit cost competitiveness depends on unit size and finishes; represents mid-to-premium positioning for Kuala Lumpur's established residential market.
- •**Location & Connectivity**: Mont Kiara's established neighborhood provides stable amenities and commercial proximity, but the absence of direct MRT access limits public transportation convenience compared to newer developments along transit corridors, requiring car dependency.
- •**Risk & Timing**: Completion timeline is unspecified, creating uncertainty for investors regarding cash flow projections and market conditions at handover; freehold tenure mitigates long-term holding risk, though project delivery delays remain a consideration given market volatility.
NewProjek Score
9.5
Strong Buy Signal
- • Verified developer with established track record
- • Freehold tenure provides long-term ownership security
- • Priced below area median — potential value opportunity
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
RM1,200–1,600
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
2.7x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | Yes |
| RM7,000 | RM1.0 mil | Yes |
| 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
Similar projects in Kuala Lumpur
| Project | Location | Price From | Status |
|---|---|---|---|
| Leederville Business Park by UOA UOA Development Bhd | Kepong | RM183k | Under Construction |
| sycamore @ KL UOA Development Bhd | Kuala Lumpur | RM190k | Various |
| selayang-damai-residence @ KL UOA Development Bhd | Selayang | RM243k | Various |
Why Consider
- • Established Mont Kiara location with strong capital appreciation history
- • Reputable Mah Sing Group developer ensures quality construction standards
- • Freehold tenure provides long-term ownership security and value
- • Affordable entry price for premium Kuala Lumpur residential market
- • Strategic location near amenities, shopping, and business districts
Risk Factors
- • 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.