Platinum Melati Residences
Powered by verified data + DOSM
Generated 31 May 2026
Developer
—
Location
Setapak, Kuala Lumpur
Type
Condominium
Price
RM678k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry price of RM677,500 is competitive for the Klang Valley market, though pricing justification requires clarity on unit size, finishes, and amenities—absence of detailed specifications limits affordability assessment.
- •**Location & Connectivity**: Setapak offers mature neighbourhood character with established amenities, but the absence of MRT proximity is a significant connectivity constraint in an era of transit-oriented development, relying instead on road-based commuting.
- •**Risk & Timing**: Critical information gaps—unspecified tenure (freehold vs. leasehold) and completion timeline—create uncertainty for investment decisions; buyers should verify these fundamentals before commitment, as unclear delivery schedules pose execution risk.
NewProjek Score
6.5
Moderate
- • Developer verification status not confirmed
- • 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
5.5x
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 Aurora Mah Sing Group | Old Klang Road | RM339k | New Launch |
| Arte Star Arte Corp | Cheras | RM340k | New Launch |
| Icon Residence @ Mont Kiara Mah Sing Group | Mont Kiara | RM350k | Completed |
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
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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.