SkyAwani 6 Residences @ Setapak, Kuala Lumpur
Powered by verified data + DOSM
Generated 29 July 2026
Developer
SkyWorld Development
Location
Setapak, Kuala Lumpur
Type
Condominium
Price
RM300k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Entry price of RM300,000 is competitive for the Klang Valley market, offering affordable access to KL residential property; however, without specified tenure details and completion timeline, long-term value assessment requires clarification from the developer.
- •**Location & Connectivity**: Setapak offers established residential infrastructure with proximity to commercial areas, though the absence of nearby MRT connectivity limits public transport convenience compared to rail-adjacent developments, relying instead on bus and private vehicle access.
- •**Risk & Timing**: The lack of specified completion date presents execution risk and timeline uncertainty for investors; market conditions and developer track record should be verified, as delayed completions can impact return on investment and occupancy planning.
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
2.3x
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 |
|---|---|---|---|
| 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 excellent connectivity to city centre
- • Affordable entry price at RM300,000 for KL condo
- • SkyWorld Development brings trusted track record to project
- • Strategic location near employment hubs and amenities
- • Strong potential for capital appreciation in developing area
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.