Platinum Melati Residences, Setapak
Platinum Victory · Condominium · Leasehold · Selling
RM 677,500 to RM 1,626,500 · 1,100–2,750 sq ft · 4 bed · Completion 2029
- 1Price against the areaRM 616+4% vs new launches nearby+73% vs completed condos
- 2The area+8.5%Change in Kuala Lumpur house prices over the four years to Q1 2026 · High unsold supply in the state
- 3Other options at this price8other new launches within 15% of RM 616 per sq ft
- 4Cost and risksRM 82,075Cash upfront and RM 2,811 a month after that
Platinum Melati Residences is a leasehold condominium in Setapak, Kuala Lumpur, by Platinum Victory. The developer lists prices from RM677,500 for a 1,100 sq ft unit, about RM616 psf. That is 73% above the NAPIC 2025 median of RM357 psf for completed condos in Setapak. Checked against the developer's website on · Developer's project page
Location
Taman Melati, Setapak, Setapak, Kuala Lumpur
Nearby, as listed by the developer
- LRT Taman Melati (800m)
- TAR UMT
- KL East Mall
- Terminal Bersepadu Gombak
1Platinum Melati Residences price compared with the area
Prices start from RM 677,500. If that price is for the smallest layout (1,100 sq ft), it works out to about RM 616 per sq ft.
NAPIC recorded 5 completed condos in Setapak in 2025. Its entry price per sq ft is higher than every price NAPIC recorded in the area. New launches usually cost more per sq ft than completed condos nearby.
See the 5 completed condos NAPIC recorded in Setapak on the area page.
- SkyAwani 6 (Residensi Wilayah)RM 375
- J.Satine Apartment (Residensi Wilayah)RM 375
- M AzuraRM 544
- Curvo ResidencesRM 592
- Platinum Melati ResidencesRM 616
- Residensi MH Platinum 3RM 638
Each developer's starting price divided by its smallest layout, unless the developer states a price per sq ft.
The developer does not publish a price per sq ft. Ask for the price list. If the starting price is for a bigger layout, the entry price per sq ft is lower than shown here.
2The area
- Desa ParkcityRM 906
- KLCCRM 1,723 · 12 launchesRM 796
- BangsarRM 1,138 · 9 launchesRM 674
- Mont KiaraRM 1,034 · 3 launchesRM 639
- Damansara HeightsRM 567
- Sri HartamasRM 491
- Bukit JalilRM 772 · 8 launchesRM 482
- SentulRM 595 · 2 launchesRM 479
- KepongRM 667 · 3 launchesRM 457
- CherasRM 762 · 4 launchesRM 400
- SetapakRM 568 · 6 launchesRM 357
NAPIC 2025 data. Only areas with at least 5 recorded schemes are listed. Hover or tap an area for details.
House prices in Kuala Lumpur rose 8.5% in the four years to Q1 2026P, against 14.2% for Malaysia. See the state price and supply charts on the Setapak page.
3Other options at this price
↑ Starting price
| Project | Entry psf | vs this |
|---|---|---|
| Aras ResidencesWCity OUG | RM 615 | 0% |
| Tuan 2egacyJalan Kuching | RM 619 | 0% |
| M AuroraOld Klang Road | RM 610 | -1% |
| M AriaSentul | RM 604 | -2% |
| EkoTitiwangsaJalan Pahang | RM 629 | +2% |
| PapyrusNorth Kiara | RM 631 | +2% |
| The Vesta ResidencesSetiawangsa | RM 636 | +3% |
| Residensi MH Platinum 3Setapak | RM 638 | +4% |
4Cost and risks
Starting priceRM 677,500
Monthly instalment
RM 2,811
Cash upfront (down payment and stamp duty)
RM 82,075
- Down payment
- RM 67,750
- Stamp duty on the transfer
- RM 14,325
- Loan amount
- RM 609,750
- Total interest over the loan
- RM 570,713
Based on the starting price, with stamp duty on the transfer only. Legal fees and loan stamp duty are extra. We apply the first-home exemption only up to RM500,000. Confirm it with your lawyer.
Things to check
- Leasehold: ask how many years remain on the lease.
- In Kuala Lumpur a foreign buyer needs state consent and can only buy a unit priced at RM 1,000,000 or more.
Project details+
- Developer
- Platinum Victory (Smart Advance Resources Sdn Bhd)
- Location
- Taman Melati, Setapak, Kuala Lumpur
- Property type
- Condominium
- Tenure
- Leasehold
- Total units
- 556
- Blocks / towers
- 2
- Storeys
- 37
- Expected completion
- 2029
Swimming pool · Gym · Jacuzzi · BBQ area · Co-working space · Basketball court
Platinum Melati Residences floor plans and photos
Our take
- The entry price per sq ft is 73% above the median for completed condos in Setapak. Some of that gap is normal for a new building. We would compare it with other new launches in Setapak before paying a booking fee.
- Of the 6 new launches we track in Setapak, it has the 5th lowest entry price per sq ft.
- Other new launches at a similar price per sq ft: Aras Residences (RM 615 psf), Tuan 2egacy (RM 619 psf) and M Aurora (RM 610 psf).
- Many completed condos in Kuala Lumpur are still unsold. That can make a unit slower to resell or rent out.
More new launches in Setapak
Other new launches in Kuala Lumpur
More new launches by Platinum Victory
Platinum Melati Residences: common questions
How much is Platinum Melati Residences in Setapak?
The developer lists prices from RM 677,500, about RM 616 per sq ft for the smallest layout.
Is Platinum Melati Residences freehold or leasehold?
The developer lists it as leasehold.
When will Platinum Melati Residences be completed?
The developer gives 2029 as the expected completion date.
Can foreigners buy Platinum Melati Residences?
Units priced at RM 1,000,000 or more meet Kuala Lumpur's minimum for foreign buyers. Cheaper units do not.
Sources
Project facts come from the developer's website. Area prices and yields come from NAPIC's Laporan Pasaran Harta 2025. State figures come from the MHPI (Q1 2026P) and the NAPIC overhang tables (Q1 2026). No developer pays us.