Property Review

SkyAwani PRIMA Residences, Serviced Apartment @ Brickfields, Kuala Lumpur

Powered by verified data + DOSM

Generated 29 July 2026

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Executive Summary

Developer

SkyWorld Development

Location

Brickfields, Kuala Lumpur

Type

Serviced Apartment

Price

RM390k+

Tenure

Completion

NewProjek Verdict

  • **Value & Pricing**: Entry-level pricing at RM390,000 is competitive for a serviced apartment in central Kuala Lumpur, though the lack of specified tenure details creates uncertainty regarding long-term asset protection and potential appreciation prospects.
  • **Location & Connectivity**: Brickfields offers established urban amenities and proximity to the city centre, but the absence of nearby MRT connectivity is a material disadvantage compared to competing developments, limiting convenience for public transport commuters and potentially constraining rental appeal.
  • **Risk & Timing**: Missing completion and tenure specifications represent significant information gaps that should be clarified before investment, as these factors directly impact construction risk, occupancy timelines, and the project's viability as a rental or resale asset.

NewProjek Score

7

Worth Considering

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

Is this project priced fairly?

Developer PriceRM390,000
Kuala Lumpur MedianRM850,000
Priced 54% below area median

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

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

RM1,300–1,800

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

3.0x

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

RM10,802/mo

DOSM 2024

Mean Household Income

RM13,985/mo

DOSM 2024

Households Above RM8k

~61%

Estimated for Kuala Lumpur

Comparable Projects

Similar projects in Kuala Lumpur

ProjectLocationPrice FromStatus
selayang-damai-residence @ KL

UOA Development Bhd

SelayangRM243kVarious
Arte Star

Arte Corp

Sungai BesiRM245kNew Launch
M Luna

Mah Sing Group

KepongRM295kCompleted
Why Consider + Risk Factors

Why Consider

  • Prime Brickfields location with excellent urban connectivity
  • Serviced apartment model provides hassle-free rental income
  • Affordable entry price at RM390,000 for KL
  • SkyWorld Development's established track record in quality
  • High capital appreciation potential in central KL

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.