PV 22 Residences
Powered by verified data + DOSM
Generated 15 July 2026
Developer
—
Location
Setapak, Kuala Lumpur
Type
Service Residence
Price
RM373k+
Tenure
Leasehold
Completion
2028
NewProjek Verdict
- •**Value & Pricing**: Entry-level pricing of RM373,000 offers accessibility for first-time buyers, though service residence status typically commands premium maintenance fees that should be verified against comparable market offerings in the RM300k-400k segment.
- •**Location & Connectivity**: Setapak's accessibility is primarily reliant on road networks and bus services with no proximate MRT station, limiting convenience for commuters; proximity to commercial hubs and educational institutions requires individual verification as a mitigating factor.
- •**Risk & Timing**: Extended 4-year completion timeline (2028) presents typical development risk exposure; leasehold tenure structure warrants confirmation of lease duration remaining, as this directly impacts long-term asset value and financing eligibility.
NewProjek Score
7
Worth Considering
- • 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
RM1,300–1,700
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
2.9x
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
RM10,802/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 |
|---|---|---|---|
| sycamore @ KL UOA Development Bhd | Kuala Lumpur | RM190k | Various |
| selayang-damai-residence @ KL UOA Development Bhd | Selayang | RM243k | Various |
| Arte Star Arte Corp | Sungai Besi | RM245k | New Launch |
Why Consider
- • Strategic Setapak location with excellent connectivity to KL
- • Affordable entry price at RM373,000 for service residence
- • Strong rental potential in established residential neighbourhood
- • 2028 completion offers property appreciation opportunity for investors
- • Service residence amenities provide passive income through management
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.