1.5 Storey Bungalow, Taman Kota SPP Warisan @ Tumpat, Kelantan
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Tumpat, Kelantan
Type
Bungalow
Price
RM470k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM470,000 entry price is competitive for a 1.5-storey bungalow in East Coast Malaysia, offering reasonable affordability compared to Klang Valley equivalents, though price-to-size ratio requires verification against comparable local properties.
- •**Location & Connectivity**: Tumpat offers limited urban infrastructure and relies primarily on road connectivity; proximity to Kota Bharu city center and absence of MRT/rail access may restrict appeal to commuters and limit long-term appreciation potential in this secondary market.
- •**Risk & Timing**: Missing tenure specifications and completion dates present documentation gaps that require clarification; the non-urban location carries inherent risks regarding tenant demand, resale liquidity, and economic growth potential compared to major metropolitan developments.
NewProjek Score
5
Moderate
- • 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
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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.