Rediscover

Setapak

The median sale at Setapak, Kuala Lumpur, Malaysia is RM 470,000

25%
RM 277,500
RM 264 (PSF)
MEDIAN
RM 470,000
RM 353 (PSF)
75%
RM 600,000
RM 438 (PSF)

 

Overview

Setapak is a huge suburb in Kuala Lumpur. It is located nearby Batu Caves, Sentul and Titiwangsa. Setapak covers rapidly modernizing areas including Wangsa Maju, Setiawangsa and Taman Melawati.

Formerly a tin-mining and rubber estate, Setapak’s name is said to be derived from a Malay word that means ‘one step’, due to its proximity to Kuala Lumpur.

Major roads serving Setapak include Duta-Ulu Kelang Expressway (DUKE), Kuala Lumpur Middle Ring Road 2, Karak Expressway, Jalan Gombak and Jalan Genting Kelang.

Public transportations available here include bus services as well as Kelana Jaya LRT line at stations namely Sri Rampai, Wangsa Maju, Taman Melati and Gombak.

Setapak is a very mature suburb, there are ample facilities and amenities for the conveniences of people living there. Malls in the area include Melawati Mall, Setapak Central Mall (previously known as KL Festival City) and Wangsa Walk Mall.

Schools include Chong Hwa Primary School, Marian Convent Primary School, Air Panas Girls School, Setapak High School and Tunku Abdul Rahman University College (TAR UC).

Apart from these, Royal Selangor Visitor Centre is a famous attraction with pewter galleries, factory and retail store. Royal Selangor is a Malaysian pewter manufacturer and retailer. It is said to be the largest of its kind in the world.

Food offerings there are not lacking either. There is a wide range of cuisines available such as Indian, Chinese, Malay, Taiwanese, Korean and many more.

Affordable and Convenient Location

Setapak is an affordable option for property buyers and tenants. According to Hartamas Real Estate (OUG) Sdn Bhd negotiator Jack Tian, owner-occupiers are drawn to good accessibility for road transport as well as public transport.

Another draw is tourist attractions nearby such as Bukit Tabur, Berjaya Hills Resort, and Genting Highlands that make for nice weekend getaways.

Population in Setapak has increased tremendously in recent years, as more and more condominiums and commercial buildings are being established in the vicinity.

Tian said that typical tenants here include professionals as well as university and college students mainly from the Tunku Abdul Rahman University College which is located on Jalan Genting Kelang.

Tian observed that high-rise homes in Setapak attract a good rental demand. Vivahomes Realty senior negotiator Jantson Loh concurred and noted that Setapak’s strategic location close to Ampang and Kuala Lumpur city centre, coupled with its affordability and the presence of Tunku Abdul Rahman University College, makes the area’s rental market easy to sustain.

Loh found that students prefer condos near Jalan Genting Klang such as PV 12, PV 13, PV 15 and PV 16, as well as condos in Taman Melati, thanks to the many nearby eateries and shops, and a free shuttle-bus service by Tunku Abdul Rahman University College that covers these areas.

Past Transactions

Project / TownShipsTypeMedian Price PsfMedian PriceFiled Transactions
Taman MelatiFlat,Terrace House,Condominium/ApartmentRM 267RM 195,122311 Transactions
Taman Teratai MewahFlat,Condominium/Apartment,Terrace HouseRM 336RM 259,996292 Transactions
Desiran Bayu @ Sri RampaiTerrace House,Semi-Detached House,Cluster HouseRM 501RM 832,963264 Transactions
Danau KotaFlat,Terrace House,Condominium/ApartmentRM 220RM 204,018221 Transactions
Pangsapuri Bandaraya GombakFlat,Condominium/Apartment,Town HouseRM 251RM 143,040194 Transactions
Platinum Lake Condominium PV 20Condominium/ApartmentRM 401RM 557,438183 Transactions
Setapak JayaFlat,Cluster House,Terrace HouseRM 310RM 197,876169 Transactions
Platinum Victory Lake City PV 13Condominium/ApartmentRM 377RM 536,518168 Transactions
Taman Sri RampaiTerrace House,Condominium/ApartmentRM 524RM 532,161168 Transactions
Genting CourtCondominium/Apartment,FlatRM 290RM 225,869165 Transactions
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Rent and Sale Prices in Setapak

BedroomsSale PriceMonthly RentRental Yield
1RM 434,800RM 1,5554.29%
2RM 319,686RM 1,5055.65%
3RM 448,264RM 1,7804.77%
4RM 605,256RM 1,9693.9%
5RM 1,051,325RM ----

Price per Square Foot

SectorPrice Psf (Non Landed)Price Psf (Landed)
Area AverageRM 344RM 389
State AverageRM 475RM 508