Setia Sky Seputeh, Kuala Lumpur | SP Setia
Powered by verified data + DOSM
Generated 14 June 2026
Developer
SP Setia
Location
KL City Centre, Kuala Lumpur
Type
Condominium
Price
RM3.9 mil+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM3.9M entry price, the project positions itself in the premium segment; pricing appears competitive for freehold units in KL City Centre, though buyers should verify psf rates against comparable Grade A developments in the vicinity to assess true value proposition.
- •**Location & Connectivity**: The KL City Centre location offers urban accessibility and proximity to commercial/retail amenities, but the absence of direct MRT connectivity is a notable drawback; reliance on alternative transport (LRT, buses, or private vehicles) may impact long-term appreciation and tenant demand for investors.
- •**Risk & Timing**: Completion timeline not being specified introduces execution risk and uncertainty for buyers; recommend obtaining detailed project schedules and financial safeguards before commitment, particularly given market volatility and SP Setia's variable track record on delivery timelines.
NewProjek Score
6.5
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 359% above area median — premium pricing
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
RM13,300–17,900
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
31.8x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | No |
| RM10,000 | RM1.5 mil | No |
| RM15,000 | RM2.3 mil | No |
| RM20,000 | RM3.2 mil | No |
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
Why Consider
- • Prime KL City Centre location with excellent connectivity
- • SP Setia's established reputation ensures quality construction
- • Freehold tenure provides long-term ownership security
- • Strong investment potential in high-demand urban area
- • Modern condominium living in vibrant city centre
Risk Factors
- • Under construction — completion delays are possible
- • Premium pricing relative to area median may limit resale upside
- • 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.