Ferrous 2 @ Setia AlamImpian, Shah Alam
Powered by verified data + DOSM
Generated 14 June 2026
Developer
SP Setia
Location
Shah Alam, Selangor
Type
Landed House
Price
RM886k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM886,000 entry price is competitive for freehold landed houses in Shah Alam's established residential corridor, though pricing remains contingent on final specifications, built-up area, and lot size—typical for SP Setia's mid-range developments.
- •**Location & Connectivity**: Setia Alam is well-served by major roads (Federal Highway, Shah Alam Expressway) and proximity to commercial hubs, though the absence of nearby MRT connectivity limits public transportation appeal compared to newer Shah Alam developments closer to MRT stations.
- •**Risk & Timing**: The unspecified completion timeline presents execution risk and delayed returns on investment; early-stage projects by established developers like SP Setia typically deliver as promised, but buyers should verify timelines and seek clarity on potential phase delays before commitment.
NewProjek Score
6.5
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 61% 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
RM2,800–3,800
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
7.4x
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
RM9,983/mo
DOSM 2022
Mean Household Income
RM12,233/mo
DOSM 2022
Households Above RM8k
~56%
Estimated for Selangor
Why Consider
- • Established Shah Alam location with proven track record
- • SP Setia developer: trusted name, quality construction
- • Freehold tenure provides long-term ownership security
- • Competitive pricing at RM886k for landed house
- • Growing residential area with strong appreciation potential
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.