Icon Residence @ Mont Kiara
Powered by verified data + DOSM
Generated 1 June 2026
Developer
Mah Sing Group
Location
Mont Kiara, Kuala Lumpur
Type
Condominium/Apartment
Price
RM350k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Starting price of RM350,000 offers competitive entry-level positioning for the Mont Kiara market, though pricing justification depends on unit size, finishes, and amenities which are not detailed; represents mid-range positioning within the sub-market.
- •**Location & Connectivity**: Mont Kiara is an established, upmarket residential enclave with good road infrastructure and proximity to commercial hubs, but the absence of nearby MRT connectivity is a notable drawback compared to newer developments, limiting public transport options for residents and potentially affecting long-term appeal.
- •**Risk & Timing**: Completion timeline is not specified, creating uncertainty for buyers regarding occupancy schedules and market conditions; investors should seek clarification on delivery dates, as delayed completions in Malaysia's property market are not uncommon and may impact rental yield projections.
NewProjek Score
8.5
Strong Buy Signal
- • Developer verification status not confirmed
- • 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
2.8x
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
RM10,234/mo
DOSM 2022
Mean Household Income
RM13,325/mo
DOSM 2022
Households Above RM8k
~58%
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
- • Freehold tenure in premium Mont Kiara established neighbourhood
- • Reputable Mah Sing Group developer with strong track record
- • Strategic location near shopping, dining, and business hubs
- • High rental demand area for strong investment returns
- • Mature infrastructure and amenities in upscale residential enclave
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.