The median sale at Setapak, Kuala Lumpur, Malaysia is RM 500,000
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.
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.
|Project / TownShips||Type||Median Price Psf||Median Price||Filed Transactions|
|Desiran Bayu @ Sri Rampai||Semi-Detached House,Terrace House,Cluster House||RM 491||RM 828,625||287 Transactions|
|Taman Melati||Flat,Condominium/Apartment,Terrace House||RM 280||RM 195,885||279 Transactions|
|Danau Kota||Flat,Terrace House,Condominium/Apartment,Hotel/Service Apartment||RM 228||RM 217,374||218 Transactions|
|Pangsapuri Bandaraya Gombak||Flat,Condominium/Apartment,Town House||RM 262||RM 147,677||188 Transactions|
|Platinum Lake Condominium PV 20||Condominium/Apartment||RM 399||RM 553,695||177 Transactions|
|Taman Sri Rampai||Terrace House,Condominium/Apartment||RM 537||RM 545,887||154 Transactions|
|Setapak Jaya||Cluster House,Terrace House,Flat||RM 334||RM 209,853||142 Transactions|
|Genting Court||Condominium/Apartment,Flat||RM 299||RM 232,322||138 Transactions|
|Taman Setapak||Terrace House,Semi-Detached House,Detached House,Condominium/Apartment||RM 356||RM 632,711||129 Transactions|
|Taman Setapak Indah||Town House,Flat,Terrace House||RM 336||RM 370,496||123 Transactions|
Rent and Sale Prices in Setapak
|Bedrooms||Sale Price||Monthly Rent||Rental Yield|
|1||RM 341,924||RM 1,457||5.11%|
|2||RM 328,379||RM 1,420||5.19%|
|3||RM 442,871||RM 1,689||4.58%|
|4||RM 613,603||RM 1,861||3.64%|
|5||RM 1,089,398||RM --||--|
Price per Square Foot
|Sector||Price Psf (Non Landed)||Price Psf (Landed)|
|Area Average||RM 345||RM 385|
|State Average||RM 475||RM 508|