Property Review

Alpinia Residence @ Putra Nilai

Powered by NAPIC + DOSM data

Generated 29 April 2026

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Executive Summary

Developer

PUTRA NILAI DEVELOPMENT SDN BHD

Location

Nilai, Negeri Sembilan

Type

Serviced Apartment

Price

RM266k+

Tenure

Completion

NewProjek Verdict

  • **Pricing & Value**: Entry price of RM266,000 is competitive for serviced apartments in the Klang Valley periphery, though per-unit size and amenities comparison with nearby developments would be necessary to confirm value-for-money positioning.
  • **Location & Connectivity**: Nilai offers affordable land costs and is accessible via major highways (North-South Expressway), but the absence of MRT connectivity limits long-term rental appeal and restricts the market to car-dependent demographics, reducing liquidity compared to rail-linked properties.
  • **Risk & Timing**: Incomplete information on tenure, completion timeline, and developer track record presents investment uncertainty; buyers should verify completion dates and request detailed sales and purchase agreements before commitment, as delays are common in regional developments.

NewProjek Score

7

Worth Considering

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

Is this project priced fairly?

Developer PriceRM266,000
Negeri Sembilan MedianRM320,000
Priced 17% below area median

Negeri Sembilan — Median Condo Prices (NAPIC)

YearMedian PriceYoY Change
2021RM290,000
2022RM298,000+2.8%
2023RM305,000+2.3%
2024RM313,000+2.6%
2025RM320,000+2.2%
Investment Analysis

Est. Monthly Rental

RM800–1,100

Based on similar properties in Negeri Sembilan

Gross Rental Yield

3.7%–4.7%

Annual rental / property price

Area Price Trend

+10.3%

NAPIC data 2021–2025

Price-to-Income

4.2x

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 Negeri Sembilan

Median Household Income

RM5,226/mo

DOSM 2022

Mean Household Income

RM6,788/mo

DOSM 2022

Households Above RM8k

~29%

Estimated for Negeri Sembilan

Comparable Projects

Similar projects in Negeri Sembilan

Why Consider + Risk Factors

Why Consider

  • Located in Nilai, Negeri Sembilan
  • By PUTRA NILAI DEVELOPMENT SDN BHD

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 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.