Property Review

Sfera @ Wangsa Maju, connected to LRT Sri Rampai & Wangsa Walk Mall

Powered by NAPIC + DOSM data

Generated 29 April 2026

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Executive Summary

Developer

Location

Wangsa Maju, Kuala Lumpur

Type

Serviced Apartment

Price

RM450k+

Tenure

Completion

NewProjek Verdict

  • **Pricing & Value**: RM450,000 entry price is competitive for serviced apartments in the mid-tier KL market, though value assessment is constrained by absence of tenure details and completion timeline, which are critical factors in determining true investment returns.
  • **Location & Connectivity**: Prime connectivity via LRT Sri Rampai station and adjacency to Wangsa Walk Mall provide strong accessibility for residents and tenants; however, lack of MRT connectivity limits appeal compared to newer developments in emerging corridors like the Klang Valley MRT zone.
  • **Risk & Timing**: Significant investment risks remain unquantified due to missing critical information including land tenure (freehold/leasehold), completion date, and market absorption rates; delayed completion or extended sales periods could impact buyer sentiment and resale liquidity in an increasingly competitive serviced apartment segment.

NewProjek Score

6.5

Moderate

  • Developer verification status not confirmed
  • Priced below area median — potential value opportunity
Market Price Analysis

Is this project priced fairly?

Developer PriceRM450,000
Kuala Lumpur MedianRM850,000
Priced 47% below area median

W.P. Kuala Lumpur — Median Condo Prices (NAPIC)

YearMedian PriceYoY Change
2021RM780,000
2022RM800,000+2.6%
2023RM820,000+2.5%
2024RM835,000+1.8%
2025RM850,000+1.8%
Investment Analysis

Est. Monthly Rental

RM1,500–2,100

Based on similar properties in Kuala Lumpur

Gross Rental Yield

4.3%–5.3%

Annual rental / property price

Area Price Trend

+9%

NAPIC data 2021–2025

Price-to-Income

3.7x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kYes
RM7,000RM1.0 milYes
RM10,000RM1.5 milYes
RM15,000RM2.3 milYes
RM20,000RM3.2 milYes

Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin

Area Profile

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

Comparable Projects

Similar projects in Kuala Lumpur

ProjectLocationPrice FromStatus
M Luna

Mah Sing Group

KepongRM295kRecently Completed
SkyAwani 6 Residences @ Setapak, Kuala Lumpur

SkyWorld Development

SetapakRM300kNew Launch
M Nova @ Kepong

Mah Sing Group

KepongRM318kNew Launch
Why Consider + Risk Factors

Why Consider

  • Direct LRT connectivity to Sri Rampai station for seamless commuting
  • Adjacent to Wangsa Walk Mall for shopping and dining convenience
  • Competitive pricing at RM450k in established Wangsa Maju location
  • Serviced apartment amenities ideal for rental income potential
  • Strategic central KL position for long-term capital appreciation

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 NAPIC, 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.