Property Review

M Adora

Powered by NAPIC + DOSM data

Generated 29 April 2026

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Executive Summary

Developer

Mah Sing Group

Location

Wangsa Melawati, Kuala Lumpur

Type

Serviced Apartment

Price

RM398k – RM650k

Tenure

Leasehold

Completion

NewProjek Verdict

  • **Pricing and Value**: M Adora's entry price of RM398,000 positions it competitively within the serviced apartment segment for the Klang Valley; however, buyers should verify the actual built-up area and compare cost-per-square-foot against nearby completed projects to assess true value.
  • **Location and Connectivity**: Wangsa Melawati benefits from proximity to Wangsa Maju MRT station, enabling efficient access to central KL and employment corridors; the area is well-established with mature amenities, though the location serves primarily residential rather than CBD demand.
  • **Risk and Timing Consideration**: The absence of a specified completion date represents a material uncertainty for purchasers; combined with serviced apartment market sensitivity to occupancy rates and rental yields, investors should secure transparent timelines and demand guarantees before commitment, particularly given broader property market cyclicality.

NewProjek Score

9.5

Strong Buy Signal

  • Verified developer with established track record
  • Leasehold tenure — check remaining lease years
  • Priced below area median — potential value opportunity
Market Price Analysis

Is this project priced fairly?

Developer PriceRM398,000
Kuala Lumpur MedianRM850,000
Priced 53% below area median

W.P. Kuala Lumpur — Median Condo Prices (NAPIC)

YearMedian PriceYoY Change
2021RM780,000
2022RM800,000+2.6%
2023RM820,000+2.5%
2024RM835,000+1.8%
2025RM850,000+1.8%
Investment Analysis

Est. Monthly Rental

RM1,400–1,800

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

3.2x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kYes
RM7,000RM1.0 milYes
RM10,000RM1.5 milYes
RM15,000RM2.3 milYes
RM20,000RM3.2 milYes

Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin

Area Profile

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

Comparable Projects

Similar projects in Kuala Lumpur

ProjectLocationPrice FromStatus
M Luna

Mah Sing Group

KepongRM295kRecently Completed
SkyAwani 6 Residences @ Setapak, Kuala Lumpur

SkyWorld Development

SetapakRM300kNew Launch
M Nova @ Kepong

Mah Sing Group

KepongRM318kNew Launch
Why Consider + Risk Factors

Why Consider

  • Excellent connectivity via nearby Wangsa Maju MRT station
  • Reputable developer Mah Sing Group ensures quality construction
  • Strategic Wangsa Melawati location with established amenities nearby
  • Affordable serviced apartment pricing from RM398,000 entry point
  • Strong rental demand potential in established residential area

Risk Factors

  • Leasehold tenure may depreciate faster than freehold
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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.