Property Review

Alpinia @ Ipoh

Powered by verified data + DOSM

Generated 14 June 2026

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Executive Summary

Developer

Location

Ipoh, Perak

Type

Landed House

Price

RM238k+

Tenure

Completion

NewProjek Verdict

  • **Value & Pricing**: Entry-level pricing at RM238,000 offers affordability for first-time buyers in the landed house segment, though competitive analysis against similar Ipoh developments would be necessary to assess whether pricing reflects fair market value for the specifications offered.
  • **Location & Connectivity**: Ipoh's secondary city status provides reasonable accessibility to commercial centers, but the absence of MRT connectivity and reliance on road networks may limit appeal for those prioritizing public transportation or frequent access to Kuala Lumpur's employment hubs.
  • **Risk & Timing**: Critical information gaps—including unspecified tenure type, completion timeline, and developer track record—present material uncertainties; buyers should exercise caution until these fundamentals are clarified, as extended completion delays or unclear freehold/leasehold terms could significantly impact investment returns.

NewProjek Score

6.5

Moderate

  • Developer verification status not confirmed
  • Priced below area median — potential value opportunity
Market Price Analysis

Is this project priced fairly?

Developer PriceRM238,000
Perak MedianRM320,000
Priced 26% below area median

Perak — Median Condo Prices (Verified)

YearMedian PriceYoY Change
2021RM255,000
2022RM261,000+2.4%
2023RM267,000+2.3%
2024RM274,000+2.6%
2025RM280,000+2.2%
Investment Analysis

Est. Monthly Rental

RM700–900

Based on similar properties in Perak

Gross Rental Yield

3.5%–4.5%

Annual rental / property price

Area Price Trend

+9.8%

Verified data 2021–2025

Price-to-Income

4.4x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kYes
RM7,000RM1.0 milYes
RM10,000RM1.5 milYes
RM15,000RM2.3 milYes
RM20,000RM3.2 milYes

Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin

Area Profile

DOSM income data for Perak

Median Household Income

RM4,494/mo

DOSM 2022

Mean Household Income

RM5,779/mo

DOSM 2022

Households Above RM8k

~25%

Estimated for Perak

Comparable Projects

Similar projects in Perak

ProjectLocationPrice FromStatus
Kampus West City Condominium @ KamparKamparRM228kCompleted
Taman Permatang Maju @ SitiawanSitiawanRM259kCompleted
City on The Hills @ Gopeng, Kampar, PerakIpohRM268kNew Launch
Why Consider + Risk Factors

Why Consider

  • Located in Ipoh, Perak
  • By Developer

Risk Factors

  • Under construction — completion delays are possible
  • No MRT/LRT station listed nearby — may affect future demand

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Disclaimer: This report is generated using publicly available data from the government, 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.