Property Review

M Luna

Powered by NAPIC + DOSM data

Generated 29 April 2026

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Executive Summary

Developer

Mah Sing Group

Location

Kepong, Kuala Lumpur

Type

Condominium

Price

RM295k – RM420k

Tenure

Leasehold

Completion

NewProjek Verdict

  • **Value & Pricing**: Entry-level pricing from RM295,000 offers accessibility for first-time buyers in the mid-range segment, though actual value depends on unit size, finishes, and comparison with similar Kepong developments; leasehold tenure may limit long-term appreciation potential.
  • **Location & Connectivity**: Kepong provides established residential infrastructure with Metro Prima MRT access supporting public transport connectivity; however, the area is primarily suburban with moderate commercial activity, making it suitable for homeowners prioritizing affordability over prime location prestige.
  • **Risk & Timing**: The absence of a specified completion date presents execution uncertainty and potential delay risks; buyers should clarify developer track record and obtain clear timeline commitments before commitment, as delays are common in Malaysian property development.

NewProjek Score

9

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 PriceRM295,000
Kuala Lumpur MedianRM850,000
Priced 65% 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

RM1,000–1,400

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

2.4x

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
SkyAwani 6 Residences @ Setapak, Kuala Lumpur

SkyWorld Development

SetapakRM300kNew Launch
M Nova @ Kepong

Mah Sing Group

KepongRM318kNew Launch
M Aurora @ Old Klang Road

Mah Sing Group

Old Klang RoadRM339k
Why Consider + Risk Factors

Why Consider

  • Metro Prima MRT station proximity ensures excellent connectivity
  • Mah Sing Group reputation guarantees quality construction standards
  • Kepong location offers balanced urban accessibility and affordability
  • Competitive pricing from RM295K attracts first-time buyers
  • Strong rental demand potential in established neighbourhood

Risk Factors

  • Under construction — completion delays are possible
  • 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.