Rediscover

Setapak

The median sale at Setapak, Kuala Lumpur, Malaysia is RM 485,000

25%
RM 306,500
RM 305 (PSF)
MEDIAN
RM 485,000
RM 397 (PSF)
75%
RM 576,400
RM 462 (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
Desiran Bayu @ Sri RampaiTerrace House,Cluster House,Semi-Detached HouseRM 475RM 799,581277 Transactions
Taman MelatiCondominium/Apartment,Flat,Terrace HouseRM 290RM 204,572243 Transactions
Danau KotaFlat,Terrace House,Condominium/Apartment,Hotel/Service ApartmentRM 237RM 229,537191 Transactions
Pangsapuri Bandaraya GombakFlat,Condominium/Apartment,Town HouseRM 267RM 152,131174 Transactions
Setapak JayaCluster House,Flat,Terrace HouseRM 346RM 217,297128 Transactions
Genting CourtFlat,Condominium/ApartmentRM 296RM 230,843125 Transactions
Taman Sri RampaiCondominium/Apartment,Terrace HouseRM 532RM 532,294121 Transactions
Taman SetapakTerrace House,Semi-Detached House,Detached House,Condominium/ApartmentRM 365RM 648,494111 Transactions
Taman Setapak IndahFlat,Town House,Terrace HouseRM 333RM 359,524107 Transactions
Idaman SuteraCondominium/Apartment,FlatRM 325RM 276,22193 Transactions
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Rent and Sale Prices in Setapak

BedroomsSale PriceMonthly RentRental Yield
1RM 322,223RM 1,4575.43%
2RM 325,839RM 1,4335.28%
3RM 436,377RM 1,5874.36%
4RM 570,891RM 1,8073.8%
5RM 1,043,404RM ----

Price per Square Foot

SectorPrice Psf (Non Landed)Price Psf (Landed)
Area AverageRM 345RM 385
State AverageRM 475RM 509

Highest Price Growth

Lowest Price Growth