SkyAwani 6 Residences @ Setapak, Kuala Lumpur
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
SkyWorld Development
Location
Setapak, Kuala Lumpur
Type
Condominium
Price
RM300k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry price of RM300,000 positions this project competitively within the mid-range KL condominium market, though pricing appears modest relative to newer developments in comparable areas, warranting assessment of built-in finishes and unit specifications to justify valuation.
- •**Location & Connectivity**: Setapak offers established residential amenities and accessibility via major roads; however, the absence of nearby MRT connectivity is a significant limitation compared to transit-oriented developments, potentially constraining long-term appreciation and tenant pool in an increasingly transit-dependent market.
- •**Risk & Development Timeline**: Notably absent completion and tenure specifications represent material information gaps that complicate investment decisions; delays in project delivery or unforeseen regulatory changes could impact returns, necessitating direct clarification with the developer before commitment.
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 (NAPIC)
| 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%
NAPIC 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 |
|---|---|---|---|
| M Luna Mah Sing Group | Kepong | RM295k | Recently Completed |
| M Nova @ Kepong Mah Sing Group | Kepong | RM318k | New Launch |
| M Aurora @ Old Klang Road Mah Sing Group | Old Klang Road | RM339k | — |
Why Consider
- • Setapak location offers excellent connectivity to KL city centre
- • Affordable entry price at RM300k for Kuala Lumpur condo
- • SkyWorld Development: reputable developer with proven track record
- • Strategic location near employment hubs and commercial districts
- • Strong investment potential in growing Setapak residential market
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 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.