SkyAwani 6 Residences @ Setapak, Kuala Lumpur
Powered by verified data + DOSM
Generated 14 June 2026
Developer
SkyWorld Development
Location
Setapak, Kuala Lumpur
Type
Condominium
Price
RM300k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Starting price of RM300,000 offers entry-level accessibility for first-time buyers in the KL market; however, without specified tenure details or unit specifications, it is difficult to assess whether pricing provides competitive value relative to comparable developments in the same catchment area.
- •**Location & Connectivity**: Setapak's proximity to established commercial and residential zones provides moderate accessibility, but the absence of nearby MRT connectivity limits long-term appeal and may constrain rental demand and capital appreciation potential compared to transit-oriented developments.
- •**Risk & Timing**: Incomplete project information—notably missing completion date and land tenure—presents uncertainty for investment planning and occupancy timeline; prospective buyers should clarify these critical details before commitment, as delayed completions or unclear tenure arrangements pose financial and legal risks.
NewProjek Score
7
Worth Considering
- • 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
RM1,000–1,400
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
2.4x
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
RM10,234/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 |
|---|---|---|---|
| Leederville Business Park by UOA UOA Development Bhd | Kepong | RM183k | Under Construction |
| sycamore @ KL UOA Development Bhd | Kuala Lumpur | RM190k | Various |
| selayang-damai-residence @ KL UOA Development Bhd | Selayang | RM243k | Various |
Why Consider
- • Setapak location offers established neighbourhood with strong growth potential
- • Affordable entry price of RM300,000 for KL condominium investment
- • SkyWorld Development brings proven track record and quality standards
- • Central KL position provides excellent connectivity to business districts
- • High rental demand area suitable for investment returns
Risk Factors
- • Under construction — completion delays are possible
- • No MRT/LRT station listed nearby — may affect future demand
Sign in to view full review
Free forever. Get rental yield, loan eligibility, comparable projects and risk assessment.
Google sign-in or magic link • No password needed
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.