Property Review

Felora 1 & Felora 2, 2-Storey Terrace @ Bandar Warisan Puteri 2, Seremban, Negeri Sembilan

Powered by NAPIC + DOSM data

Generated 29 April 2026

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Executive Summary

Developer

IOI Properties

Location

Seremban, Negeri Sembilan

Type

Landed House

Price

RM409k+

Tenure

Completion

NewProjek Verdict

  • **Value & Pricing**: The RM409,000 entry price for 2-storey terraces is competitive for Seremban's market, offering reasonable value relative to built-up area and developer pedigree, though pricing competitiveness requires comparison with other Seremban developments in the same segment.
  • **Location & Connectivity**: Bandar Warisan Puteri 2 benefits from Seremban's established township infrastructure, but the absence of nearby MRT access limits connectivity to Klang Valley and Kuala Lumpur, making it primarily reliant on road networks and personal vehicles.
  • **Risk & Timing**: Material project risks include missing tenure specification and completion timeline in marketing materials, which are critical due diligence requirements; delayed disclosure of these details warrants clarification before commitment, and absorption rates in Seremban should be monitored given lower regional demand dynamics.

NewProjek Score

7.5

Worth Considering

  • Verified developer with established track record
  • Priced in line with area median
Market Price Analysis

Is this project priced fairly?

Developer PriceRM409,000
Negeri Sembilan MedianRM380,000
Priced 8% above 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

RM1,200–1,600

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

6.5x

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

ProjectLocationPrice FromStatus
2-Storey Townhouse @ Taman Bukit Mantin, N.S.D.KMantinRM250kNew Launch
Alpinia Residence @ Putra Nilai

PUTRA NILAI DEVELOPMENT SDN BHD

NilaiRM266kNew Launch
Taman Kersani, 1 & 2-Storey Terrace @ Kuala Pilah, Negeri SembilanKuala PilahRM268kCompleted
Why Consider + Risk Factors

Why Consider

  • Located in Seremban, Negeri Sembilan
  • By IOI Properties

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.