Sky Awani 4

As Setapak is a matured suburb in Kuala Lumpur, many residential projects in the area require refurbishment. Homes around Setapak are usually in need of renovation. Despite Setapak being a densely populated suburb, the government has worked closely with developers to build residential areas to accommodate the increasing numbers of people in Kuala Lumpur.

Setapak has a high student population density versus other areas in the vicinity. Since there is a constant student influx, housing in Setapak comes with a stable rental yield and capital appreciation. Therefore, potential investors may consider purchasing Sky Awani  4 units as passive income. However, potential homebuyers should consider that most housings are close to each other. This may cause discomfort to some homebuyers who prefer a more spaced-out residential area.

Connectivity

The temptation to live in Setapak centres on the fact that it is among the closest township to Kuala Lumpur. Sky Awani 4 has the luxury of having an existing transportation infrastructure. Residents can utilise trunk roads such as Jalan Genting Klang, Jalan Pahang and Jalan Ayer Jerneh to move in and out of the neighbourhood. They can access Jalan Usahawan to reach Jalan Genting Klang. There are several major highways accessible to SkyAwani 4 such as the Duta Ulu-Kelang Expressway (DUKE) and Middle Ring Road 2 (MRR2). Both highways connect the residents to the city centre and KLIA, respectively.

However, traffic can be ruthless during office rush and lunch hours. The roads here are small, and traffic congestion is always a dilemma for those who are living here. The roads alone cannot hold the volume of the cars lingering in and out of this area daily.  Also, the roads are looking word down day-by-day due to the heavy vehicles commuting on them.

Public transportation is easily accessible. There are three LRT stations, namely LRT Rampai, LRT Wangsa Maju and LRT Setiawangsa. Those stations increase movement accessibility around Setapak thus connecting residents to KLCC, AEON Alpha Angle and Wangsa Walk Shopping Mall. However, other public transportation alternatives are scarce. With the onset of e-hailing services such as Grab, residents have an alternative to buses and taxis. However, the availability of a Grab ride is unpredictable as the service heavily depends on the drivers in the area.

Convenience

Sky Awani 4 has various medical centres, banks, schools, and colleges in the vicinity. For instance, the Sri Utama International School is located around 300 metres away from the property thus allowing parents to walk their children to school every day. Parents can send their children to school without having to face bad traffic jam. There are also government schools around the area such as SK Marian Convent Setapak (M) and SMK Tinggi Setapak.

For school leavers, the Tunku Abdul Rahman University College (UTAR) is only 10 minutes away, therefore, making it easier for college students to study close to the comfort of their homes. Creative students who wish to study courses in creative art and music can register in the Malaysian Institute of Art, which is a 10 minutes’ drive away.

Shopping malls have always been one of the pinnacle attraction for buying property to live in. Residents can stop for a quick grocery shopping at the AEON Alpha Angle for only 8 to 10 minutes of driving. Besides, there are several 99-Speed Mart and 7-Eleven convenience stores from where one can buy selected household items and groceries. For those who live and breathe weekends in the city centre, Suria KLCC, Pavilion and Berjaya Times Square are all less than 20 minutes away.

Residents of SkyAwani 4 who want to involve themselves in recreational activities can do so at the Taman Tasik Titiwangsa, which is 10 minutes’ drive away. Sky Awani 4 is also near to some of the best medical healthcare. The Columbia Asia Medical Centre is just 5 minutes away, whereas the renowned KPJ Tawakkal Health Centre might take around 10 minutes’ drive away. Rampai Puteri Medical Centre is also just 2 kilometres away from home.

The following details the services within the area:

Education:

• Bright Kids Wangsa Maju & Sri Rampai
• Sri Utama International School
• Wangsa Maju Chinese Primary School
• SK Taman Seri Rampai
• SK Marian Convent Setapak (M)
• SMK Tinggi Setapak
• SMK Taman Seri Rampai
• SMK (P) Air Panas
• Tunku Abdul Rahman University College
• Malaysian Institute of Art

Medical Aid:

• Columbia Asia Medical Center
• KPJ Tawakkal Health Centre
• KPJ Tawakkal KL Specialist Hospital
• Rampai Puteri Medical Center

Sky Awani 4 Floor Plan

Sky Awani 4 is structured into three 55-storey towers that house 1,782 units of home in total. The land is leasehold with a standard tenure of 99 years. Homeowners of SkyAwani 4 will experience noteworthy panoramic views of either the KLCC or Batu Caves depending on their choice of block and unit. The residents of Sky Awani 4 can also view the amazing Setapak skyline from the comfort of their homes.

Sky Awani 4 has only one layout, namely Type A1. Type A1 comprises 3 bedrooms and 2 bathrooms within 800 square feet of space. This layout is adequate for families or medium-sized households. Students and single working adults can also consider living at Sky Awani 4.

Sky Awani 4 Facilities and Amenities

Sky Awani 4 promises its residents full-fledged facilities and amenities. The availability of convenient stores will provide opportunities for residents to involve themselves in small businesses, as Setapak itself is full of SME industries. Residents can sink into the breathtaking panorama view of the Kuala Lumpur city and Setapak Skyline from a Viewing Deck, which is on the highest level of the building.

Residents can also enjoy a one-acre park with jogging track, cycling track and blossom park that fronts the residence. Residents can also utilise the swimming pool, gymnasium and jogging path within the compound as part of their fitness regime. Sky Awani 4 also has advanced three-tier security to ensure residents’ safety.

Below are the full list of facilities and amenities:

Ground Floor

• Guard House
• Taska
• Convenient Stores
• Surau
• Funeral Room

Level 10 (Podium Floor)

• Playground
• Meditation Deck Tea Tree Forest
• Fern Garden
• Sunken Tree Lounge Golden Meadow
• Swimming Pool
• Leisure Lounges
• Outdoor Shower
• Wading Pool
• Gymnasium
• Female Changing Room
• Male Changing Room
• Management Office
• Chit Chat Lounge
• Jogging Path
• Landscape Area
• BBQ Area
• Multi-Purpose Hall
• Viewing Deck

Sky Awani 4 Property Analysis

Sky Awani 4, with a total gross development value of more than RM534 million, comprises three residential blocks that stand on a land area of 4.73-acre. Due to the success of the sold-out Sky Awani 3, SkyWorld has launched its successor, Sky Awani 4 as part of their corporate social responsibility (CSR) together with the help of the government. Even before the completion of Sky Awani 3, buyers rushed to book Sky Awani 4 units during SkyWorld Gallery’s open day. SkyWorld estimates that the project will complete in 2023.

Setapak has emerged as one of the important suburbs accompanying Kuala Lumpur. The area is attracting more property developers and homebuyers alike as it has become integral in modernising the Kuala Lumpur’s outskirts. As many more Malaysians move to Kuala Lumpur for career opportunities, developers seek to provide solutions to the housing need by supplying more housing alternatives. Setapak is rustic and filled with buildings and infrastructures that have been around for decades. As a result, modern residences become more significant in improving Setapak’s landscape. This explains the construction of towering residences neighbouring each other.

Though the vision of modernising Setapak is thrilling, such rapid developments have regrettably increased the population. Consequently, traffic congestion increases as people use the main road to move in and out of the suburb. More roads are needed as a solution to the aforementioned problem. Unless roads are built, people have to depend on public transportation to move around.

Target Market

New and young families or friends who live together would find Sky Awani 4 an attractive project. However, large families or households might find 800 square feet of space insufficient. For young families who are just starting a new life, affordability may very well trump the unit size. Despite the lower price tag, the price per square feet (RM375) is still slightly higher than the average price of RM337.

The strategic location of Sky Awani 4 appeals to families who prefer having various conveniences nearby and city life. Also, Setapak has a high influx of students annually. Thus, Sky Awani 4 can also be an investment opportunity for those who seek to earn a consistent passive income.

Sky Awani 4 has various facilities and amenities which college students would target such as the gymnasium, jogging track, and swimming pool. However, for those who seek an upscale neighbourhood, they may find the project unfavourable given that the surrounding areas are still developing. Also, established housing projects in the area are built close to one another.

Overall, Sky Awani 4 is reasonable for small, lower to middle-income households seeking modern convenience and accessibility.

Competitor Analysis

The main property developer in the area is Platinum Victory Sdn. Bhd. Despite several properties built by Platinum Victory across Sentul and Setapak, SkyWorld Development Group still has a reputation as a developer that can stand its ground against its competitors in the Setapak market.

Residensi Platinum Teratai, the 29-storey residence build on a prime 8-acre plinth of land along Jalan Langkawi was completed at the end of 2019. Its units are larger compared to Sky Awani 4 but are priced slightly higher at RM382,000. Some units are partially furnished with wardrobes, lighting, ceiling fans, refrigerators and air conditioners. The main areas such as the kitchen, living and dining area, master bedroom and guest room are equipped too. Such benefits prompt the property to cost RM457 per square feet.

Sky Awani 4’s price per foot is competitive versus other project developments in the area. Its small unit size differentiates it from other options available, making it the right choice for small and new families. Sky Awani 4’s facilities and conveniences push itself to the top of the buyers’ list. However, a lot can still change before 2023 arrives depending on the state of our economy.

Sky Awani 4’s Developer: SkyWorld

SkyWorld aims to become the best city developer by providing the ultimate Sky Living experience in a sustainable environment – a concept that focuses on enhancing the living experience of the city communities. SkyWorld is bridging urban convenience and sky-high indulgent living through its SkyMeridien project in Sentul. Over 32 facilities are designed to pamper the body and soul of this modern high-rise condominium residence.

In the meantime, SkyWorld is also finishing the Skyluxe on the Park, which is a scenic sanctuary that spans across the lush beauty of a golf resort in Bukit Jalil. Soon, SkyWorld will unveil the highly expected SkyVogue at Taman Desa. SkyVogue promises ample and practical space with built-up ranging from 1,050 sq ft to 3,190 sq ft and more importantly, easily accessible via 8 major highways and the popular Mid Valley Megamall.

Summary

SkyWorld 4 has a mix of pros and cons. Its main attraction is the price tag of RM300,000, which surely attracts young families and professionals. However, the area congestion may prove unfavourable for individuals who are looking for a more exclusive residence.

In any case, the attractive price tag that comes with an array of facilities and amenities may outweigh those concerns, since Kuala Lumpur is notorious for its traffic congestion. The trend indicates that homebuyers would be interested in the project despite the cons, given the developer’s continued success with the project, which led to the development of Phase 4.