Chorus
Powered by verified data + DOSM
Generated 29 July 2026
Developer
SP Setia
Location
Selangor
Type
Apartment
Price
RM868k+
Tenure
Freehold
Completion
2028
NewProjek Verdict
- •**Value & Pricing**: RM868,000 entry price is competitive for freehold apartments in Selangor, offering reasonable value relative to current market rates, though final affordability depends on actual unit specifications and finishes upon completion.
- •**Location & Connectivity**: Absence of nearby MRT connectivity is a notable drawback for urban mobility; project viability depends on proximity to alternative transport (bus routes, highways) and whether the Selangor location supports long-term demand without rail access.
- •**Risk & Timing**: Four-year completion timeline (2028) carries standard construction and market timing risk; buyer interest should factor in potential interest rate changes, market cycles, and SP Setia's historical delivery track record before committing capital.
NewProjek Score
6.7
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 77% above area median — premium pricing
Is this project priced fairly?
Selangor — Median Condo Prices (Verified)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM450,000 | — |
| 2022 | RM460,000 | +2.2% |
| 2023 | RM470,000 | +2.2% |
| 2024 | RM480,000 | +2.1% |
| 2025 | RM490,000 | +2.1% |
Est. Monthly Rental
RM2,800–3,700
Based on similar properties in Selangor
Gross Rental Yield
4.0%–5.0%
Annual rental / property price
Area Price Trend
+8.9%
Verified 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 | No |
| 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 Selangor
Median Household Income
RM10,726/mo
DOSM 2024
Mean Household Income
RM13,296/mo
DOSM 2024
Households Above RM8k
~60%
Estimated for Selangor
Why Consider
- • Established developer SP Setia with proven track record
- • Freehold tenure provides long-term ownership security
- • Competitive pricing at RM868k for Selangor apartment
- • Strategic Selangor location with growing commercial potential
- • 2028 completion allows time for market appreciation
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 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.