Padang Residences, Serviced Residence @ Kota Semarak near Setapak, Kuala Lumpur
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
—
Location
Setapak, Kuala Lumpur
Type
Landed House
Price
RM581k+
Tenure
—
Completion
—
NewProjek Verdict
Padang Residences offers competitive entry-level pricing in the Setapak locality, though prospective buyers should note the absence of nearby MRT connectivity, which may limit accessibility and long-term appreciation potential. The lack of specified completion timeline and tenure details presents informational gaps that warrant clarification from the developer before proceeding with investment. While the project may appeal to owner-occupiers seeking affordable landed housing, investors should carefully assess the area's development trajectory and infrastructure plans given the current lack of mass transit access.
- • Developer verification status not confirmed
- • Priced below area median — potential value opportunity
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
RM2,000–2,700
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
4.7x
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
RM10,234/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 |
|---|---|---|---|
| M Luna Mah Sing Group | Kepong | RM295k | Under Construction |
| SkyAwani 6 Residences @ Setapak, Kuala Lumpur | Setapak | RM300k | New Launch |
| M Nova @ Kepong | Mah Sing | Kepong | RM318k | New Launch |
✅ Why Consider
- • Located in Setapak, Kuala Lumpur
- • By Developer
⚠️ Risk Factors
- • Under construction — completion delays are possible
- • No MRT/LRT station listed nearby — may affect future demand
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.