Park One @ Melawati
Powered by verified data + DOSM
Generated 2 June 2026
Developer
Sime Darby Property
Location
Melawati, Kuala Lumpur
Type
Landed House
Price
RM760k+
Tenure
Freehold
Completion
2025
NewProjek Verdict
- •**Value & Pricing**: RM760,000 entry point is competitive for freehold landed houses in the Klang Valley mid-market segment, though pricing appears moderate relative to similar developments in established residential areas; represents reasonable value if built quality and specifications match developer's track record.
- •**Location & Connectivity**: Melawati offers established residential appeal with proximity to amenities, though the absence of nearby MRT access limits public transport convenience compared to rail-connected developments; reliance on private vehicles or bus connectivity may impact long-term appeal and rental demand for some buyers.
- •**Risk & Timing**: Project completion timeline is not specified, creating uncertainty around delivery and carrying costs; as a Sime Darby Property development, developer credibility is strong, but buyers should clarify launch phase, construction duration, and payment schedules before commitment to mitigate timing-related risks.
NewProjek Score
8.7
Strong Buy Signal
- • Verified developer with established track record
- • Freehold tenure provides long-term ownership security
- • Priced in line with area median
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
RM2,600–3,500
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
6.2x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | Stretch |
| 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 Azura Mah Sing Group | Setapak | RM381k | Under Construction |
| aster-green-residence @ KL UOA Development Bhd | Kuala Lumpur | RM389k | Various |
| SkyAwani PRIMA Residences, Serviced Apartment @ Brickfields, Kuala Lumpur SkyWorld Development | Brickfields | RM390k | New Launch |
Why Consider
- • Freehold tenure ensures long-term ownership security and asset appreciation
- • Melawati location offers established neighbourhood with mature amenities
- • Sime Darby Property's reputation guarantees quality construction and after-sales
- • Competitive pricing at RM760k for landed house investment
- • Strong rental demand potential in accessible Kuala Lumpur area
Risk Factors
- • Under construction — completion delays are possible
- • 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.