Platinum Melati Residences
Powered by verified data + DOSM
Generated 15 July 2026
Developer
—
Location
Setapak, Kuala Lumpur
Type
Condominium
Price
RM678k+
Tenure
Leasehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Entry-level pricing of RM677,500 is competitive for the Setapak market, though without specified completion dates or detailed specifications, buyers cannot accurately assess value-for-money relative to comparable finished projects in the vicinity.
- •**Location & Connectivity**: Setapak offers moderate accessibility with proximity to major roads and commercial zones, but the absence of nearby MRT connectivity is a significant limitation for public transport-dependent residents and may affect long-term capital appreciation compared to MRT-linked developments.
- •**Risk & Timing**: The lack of a specified completion timeline presents execution risk and extends buyer holding periods before occupancy; combined with leasehold tenure (versus freehold alternatives), this creates potential concerns regarding investment horizon and eventual asset value depreciation as the lease term shortens.
NewProjek Score
6.8
Moderate
- • Developer verification status not confirmed
- • Leasehold tenure — check remaining lease years
- • 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
RM2,300–3,100
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
5.2x
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
RM10,802/mo
DOSM 2024
Mean Household Income
RM13,985/mo
DOSM 2024
Households Above RM8k
~61%
Estimated for Kuala Lumpur
Similar projects in Kuala Lumpur
| Project | Location | Price From | Status |
|---|---|---|---|
| M Aurora Mah Sing Group | Old Klang Road | RM339k | New Launch |
| Icon Residence @ Mont Kiara Mah Sing Group | Mont Kiara | RM350k | Completed |
| sentul-point-suite-apartments @ KL UOA Development Bhd | Sentul | RM360k | Completed |
Why Consider
- • Located in Setapak, Kuala Lumpur
- • Leasehold title property
- • By Developer
Risk Factors
- • Under construction — completion delays are possible
- • Leasehold tenure may depreciate faster than freehold
- • 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.