1.5 Storey Bungalow, Taman Kota SPP Warisan @ Tumpat, Kelantan
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
—
Location
Tumpat, Kelantan
Type
Bungalow
Price
RM470k+
Tenure
—
Completion
—
NewProjek Verdict
This affordable 1.5-storey bungalow project offers reasonable value for budget-conscious buyers in Kelantan, with an entry price of RM470,000 in an established residential area. However, prospective investors should note the lack of public transportation connectivity and missing critical information regarding land tenure and project completion timeline, which warrant clarification from the developer before commitment. The property may be better suited for owner-occupants seeking a modest family home rather than those prioritizing investment returns or convenient access to major urban centers.
- • Developer verification status not confirmed
- • Priced 62% above area median — premium pricing
Is this project priced fairly?
Kelantan — Median Condo Prices (NAPIC)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM225,000 | — |
| 2022 | RM231,000 | +2.7% |
| 2023 | RM238,000 | +3.0% |
| 2024 | RM244,000 | +2.5% |
| 2025 | RM250,000 | +2.5% |
Est. Monthly Rental
RM1,500–2,000
Based on similar properties in Kelantan
Gross Rental Yield
3.9%–4.9%
Annual rental / property price
Area Price Trend
+11.1%
NAPIC data 2021–2025
Price-to-Income
10.8x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | ✅ Yes |
| RM7,000 | RM1.0 mil | ✅ Yes |
| RM10,000 | RM1.5 mil | ✅ Yes |
| RM15,000 | RM2.3 mil | ✅ Yes |
| RM20,000 | RM3.2 mil | ✅ Yes |
Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin
DOSM income data for Kelantan
Median Household Income
RM3,614/mo
DOSM 2022
Mean Household Income
RM4,885/mo
DOSM 2022
Households Above RM8k
~20%
Estimated for Kelantan
Similar projects in Kelantan
| Project | Location | Price From | Status |
|---|---|---|---|
| Raudhah Solihin, Teres 1-Tingkat @ Mahligai, Melor, Kelantan | Melor | RM280k | New Launch |
| 1-Storey Terrace, Taman Kifayah @ Jeli, Kelantan | Jeli | RM290k | New Launch |
| Single & Double Storey Terrace @ Taman Kota Jembal, Kota Bharu, Kelantan | Kota Bahru | RM295k | New Launch |
✅ Why Consider
- • Located in Tumpat, Kelantan
- • By Developer
⚠️ Risk Factors
- • Under construction — completion delays are possible
- • Premium pricing relative to area median may limit resale upside
- • No MRT/LRT station listed nearby — may affect future demand
Disclaimer: This report is generated using publicly available data from NAPIC, DOSM, and developer disclosures. Rental estimates, yield projections, and risk assessments are indicative only and do not constitute financial advice. Market conditions may change. Consult a licensed property valuer or financial advisor before making investment decisions. NewProjek is not responsible for any decisions made based on this report.