๐Ÿ“Š Property Intelligence Report

AMARE 2 @ SETIA ALAM, Shah Alam FREEHOLD

Powered by NAPIC + DOSM data

Generated 15 March 2026

Executive Summary

Developer

โ€”

Location

Shah Alam, Selangor

Type

Landed House

Price

RM600k+

Tenure

โ€”

Completion

โ€”

NewProjek Verdict

AMARE 2 @ SETIA ALAM presents a competitively priced freehold landed house option in Shah Alam's established Setia Alam township, with an entry point starting at RM600,000, though the absence of MRT connectivity may limit appeal for commuters reliant on public transport. The project lacks critical information regarding tenure clarity, completion timeline, and developer details, which are essential factors for informed investment decisions. Prospective buyers should request comprehensive project specifications and conduct thorough due diligence on accessibility, amenities, and developer track record before commitment.

๐ŸŸข LOW RISK
  • โ€ข Developer verification status not confirmed
  • โ€ข Priced in line with area median
Market Price Analysis

Is this project priced fairly?

Developer PriceRM600,000
Selangor MedianRM550,000
Priced 9% above area median

Selangor โ€” Median Condo Prices (NAPIC)

YearMedian PriceYoY Change
2021RM450,000โ€”
2022RM460,000+2.2%
2023RM470,000+2.2%
2024RM480,000+2.1%
2025RM490,000+2.1%
Investment Analysis

Est. Monthly Rental

RM1,900โ€“2,600

Based on similar properties in Selangor

Gross Rental Yield

4.0%โ€“5.0%

Annual rental / property price

Area Price Trend

+8.9%

NAPIC data 2021โ€“2025

Price-to-Income

5.0x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kโœ… Yes
RM7,000RM1.0 milโœ… Yes
RM10,000RM1.5 milโœ… Yes
RM15,000RM2.3 milโœ… Yes
RM20,000RM3.2 milโœ… Yes

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

Area Profile

DOSM income data for Selangor

Median Household Income

RM9,983/mo

DOSM 2022

Mean Household Income

RM12,233/mo

DOSM 2022

Households Above RM8k

~56%

Estimated for Selangor

Comparable Projects

Similar projects in Selangor

ProjectLocationPrice FromStatus
Cassia Residence @ Laman View, CyberjayaCyberjayaRM319kNew Launch
IOI Rio City

IOI Properties

PuchongRM320kUnder Construction
Taman Dato Harun, 1-Storey Terrace @ Pulau Indah, SelangorKlangRM329kNew Launch
Why Consider + Risk Factors

โœ… Why Consider

  • โ€ข Located in Shah Alam, Selangor
  • โ€ข By Developer

โš ๏ธ Risk Factors

  • โ€ข Under construction โ€” completion delays are possible
  • โ€ข No MRT/LRT station listed nearby โ€” 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.

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