Sky Awani 4 Residence, Setapak

Introducing Sky Awani 4, a condominium project that promises future residents a delightful experience with its captivating park frontage, inviting them to embrace boundless living beyond conventional boundaries. As part of the Residensi Wilayah initiative, this leasehold development is dedicated to providing Malaysians with comfortable living in the Federal Territories. Just 5km away from Kuala Lumpur City Centre, Sky Awani 4 is an ideal choice for young families seeking a convenient lifestyle in the heart of the capital.

Developed by the renowned SkyWorld Development Berhad, this project exemplifies their belief that superior construction quality and comprehensive facilities need not come with a hefty price tag. With Sky Awani 4, residents can now enjoy affordable apartments equipped with top-notch amenities and services. SkyWorld's developments are recognized for meeting the stringent standards set by the Construction Industry Development Board Malaysia (CIDB), ensuring a top-level living experience.

Nestled in Setapak, one of Kuala Lumpur's newest residential areas, Sky Awani 4 offers a promising living environment. Setapak, located northeast of Kuala Lumpur in the Gombak district, covers an area of 160 km2. The suburb is well-known for Wangsa Maju, a prominent township, and Jalan Pahang, a key road that connects various urban and residential districts. Setapak is also home to the National Zoo of Malaysia, housing 5,137 animals from 476 different species, adding to the allure of the area.

Sky Awani 4 consists of three 55-storey towers, accommodating a total of 1,782 home units. The property has a leasehold tenure of 99 years. Residents of Sky Awani 4 will be treated to breathtaking panoramic views, with some enjoying the stunning sights of KLCC while others get a glimpse of Batu Caves, depending on their choice of block and unit. Additionally, the Setapak skyline offers a splendid view from the comfort of their homes.

The development offers a single layout, known as Type A1, featuring 3 bedrooms and 2 bathrooms within a spacious 800 square feet area. This layout is suitable for families and medium-sized households, making it a viable option for students and single working adults as well.

PROJECT DETAILS

Address: Air Panas, Jalan Usahawan 6, Kampung Baru Air Panas, 53300 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur

Property Type: Condominium

Property Developer: SkyWorld Development Berhad

Land Title: Residential

Number of Blocks: 3

Total Units: 1782

Parking Bay Per Unit: N/A

Tenure: Leasehold

Sales Gallery: Lot 17899, SkyArena Jalan Ayer Jerneh, Setapak 53200 Kuala Lumpur

Year of Completion: 2023

Built-Up Area: 800 sq. ft.

Facilities:

Ground Floor

• Guard House
• Taska
• Convenient Stores
• Surau

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

Launch Price: From RM 300,000 Onwards

Launch Price Per Sq Ft: RM 375 psf (from starting price)

Maintenance Fee: N/A

LOCATION

Located in the matured suburb of Setapak, Kuala Lumpur, many residential projects in this area often require refurbishment due to the aging properties. The homes around Setapak commonly need renovation to maintain their appeal. Despite being densely populated, the government has collaborated with developers to construct residential areas to cater to the growing population of Kuala Lumpur.

Setapak is known for its high student population density compared to neighboring areas. With a constant influx of students, properties in Setapak offer a stable rental yield and potential for capital appreciation. This makes Sky Awani 4 an attractive option for potential investors looking to generate passive income. However, it is essential for potential homebuyers to consider that most residential units in Setapak are closely situated, which may not suit those seeking a more spacious living environment.

Accessibility:

• Jalan Genting Klang
• Jalan Pahang
• Jalan Ayer Jerneh
• Duta Ulu-Kelang Expressway (DUKE)
• Middle Ring Road 2 (MRR2)
• Sri Rampai LRT Station
• Wangsa Maju LRT Station
• Setiawangsa LRT Station

Education:

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

Medical Care:

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

Shopping:

• Wangsa Walk Mall
• AEON Alpha Angle
• AEON Big Wangsa Maju
• Setapak Central Mall
• KL East Mall
• PV128

Recreation:

• Bukit TM Wangsa Maju
• KLCC Park

ANALYSIS

Sky Awani 4 is an enticing project, particularly appealing to new and young families or friends living together. However, larger households might find the 800 square feet of space insufficient. Nonetheless, for young families starting a new life, affordability may outweigh the unit size. 

Setapak has emerged as a significant suburb accompanying Kuala Lumpur's growth. As more Malaysians move to Kuala Lumpur for career opportunities, property developers and homebuyers are increasingly drawn to the area, leading to its modernization. Setapak's landscape is enriched with buildings and infrastructures that have stood for decades, making modern residences like Sky Awani 4 even more impactful in revitalizing the area's development. This surge in development explains the construction of towering residential buildings in close proximity to one another, meeting the rising demand for housing alternatives in Setapak. The strategic location of Sky Awani 4 makes it attractive to families seeking convenience and city life amenities. Additionally, Setapak experiences a high annual influx of students, presenting an investment opportunity for those seeking consistent passive income.

The project offers various facilities and amenities that would appeal to college students, such as the gymnasium, jogging track, and swimming pool. However, individuals looking for an upscale neighborhood may find the project less favorable due to the ongoing development of the surrounding areas. Moreover, the proximity of established housing projects in the area might make Sky Awani 4 less appealing to those seeking more spacious living environments.

Here’s a quick look at residential properties in Wangsa Maju:

Project	Land Tenure	Unit Type	Completion	Built-up	Approximate Launch Price
Wangsa 9 Residency, Wangsa Maju by Mitrajaya Holdings Berhad	Leasehold	Condominium	2019	1,033 sq ft – 2,390 sq ft	From RM 855,760
Alpha VilIa by Wangsa Land Sdn Bhd	Leasehold	Apartment	2008	1,070 sq ft	From RM 366,000
Lojing Heights 1 by Landmark Lands & Properties	Leasehold	Condominium	2001	1,582 sq ft	From RM 395,000
Wangsa Metroview by Peluang Mutiara Sdn Bhd	Freehold	Condominium	2005	1,150 sq ft	From RM 172,000

SUMMARY

With a total gross development value of over RM 534 million, Sky Awani 4 comprises three residential blocks situated on a 4.73-acre land area. Following the success of the sold-out Sky Awani 3, SkyWorld launched its successor, Sky Awani 4, as part of their corporate social responsibility (CSR) initiative in collaboration with the government. 

Sky Awani 4 is a leasehold residential development comprising three 55-storey towers, offering 1,782 home units. Strategically located in Setapak, a mature suburb in Kuala Lumpur, the project caters to new and young families seeking city living and convenience. Residents can enjoy breathtaking panoramic views of either KLCC or Batu Caves, depending on their choice of block and unit.

The area's high student population density provides stable rental yields and potential capital appreciation, making it an attractive investment option. Sky Awani 4's Type A1 layout features 3 bedrooms and 2 bathrooms within 800 square feet, suitable for families, medium-sized households, students, and single working adults. With its well-planned facilities, including a gymnasium, jogging track, and swimming pool, Sky Awani 4 offers a promising living experience at an affordable price point.

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