Casa Impian 2, Double Storey Terrace @ Sungai Petani, Kedah
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Sungai Petani, Kedah
Type
Landed House
Price
RM356k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM356,000 entry point is competitive for double-storey terrace houses in Sungai Petani, offering reasonable affordability relative to similar properties in the region, though long-term appreciation potential may be moderate given the secondary location.
- •**Location & Connectivity**: Sungai Petani lacks MRT connectivity and relies on road-based transportation, positioning the project primarily for local commuters rather than Kuala Lumpur workforce, with limited access to major commercial hubs compared to tier-1 cities.
- •**Risk & Timing**: Absence of specified completion timeline presents uncertainty for buyers; freehold tenure is advantageous, but the lack of infrastructure development milestones and unclear project progress increases execution risk and may affect resale liquidity.
NewProjek Score
6.8
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 19% above area median
Is this project priced fairly?
Kedah — Median Condo Prices (NAPIC)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM235,000 | — |
| 2022 | RM241,000 | +2.6% |
| 2023 | RM248,000 | +2.9% |
| 2024 | RM254,000 | +2.4% |
| 2025 | RM260,000 | +2.4% |
Est. Monthly Rental
RM1,100–1,500
Based on similar properties in Kedah
Gross Rental Yield
3.9%–4.9%
Annual rental / property price
Area Price Trend
+10.6%
NAPIC data 2021–2025
Price-to-Income
6.7x
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 Kedah
Median Household Income
RM4,402/mo
DOSM 2022
Mean Household Income
RM5,550/mo
DOSM 2022
Households Above RM8k
~25%
Estimated for Kedah
Similar projects in Kedah
| Project | Location | Price From | Status |
|---|---|---|---|
| 1-Storey Terrace @ Pendang, Kedah | Pendang | RM270k | New Launch |
| 1 Storey Terrace @ Taman Wawasan II, Kota Sarang Semut, Pendang, Kedah | Pendang | RM278k | New Launch |
| Taman Dermaga Jaya @ Kuala Kedah | Kuala Kedah | RM350k | New Launch |
Why Consider
- • Affordable freehold double storey terrace in growing Sungai Petani market
- • Strategic location in Kedah's commercial hub with business opportunities
- • Excellent value proposition at RM356,000 for landed property
- • Strong investment potential in expanding northern corridor development area
- • Established developer with reliable track record in residential projects
Risk Factors
- • 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.