Ferrous 2 @ Setia AlamImpian, Shah Alam
Powered by verified data + DOSM
Generated 29 July 2026
Developer
SP Setia
Location
Shah Alam, Selangor
Type
Landed House
Price
RM886k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM886,000 entry price offers reasonable positioning for freehold landed houses in Shah Alam's established residential corridor, though market competitiveness depends on built-up area, design specifications, and comparison with nearby developments in the RM800k-RM1.2m range.
- •**Location & Connectivity**: Shah Alam provides stable residential infrastructure with road accessibility via major highways (LDP, Federal Route 2), but the absence of nearby MRT connectivity limits public transport options and may impact long-term appreciation relative to newer developments closer to rapid transit nodes.
- •**Risk & Timing**: Lack of specified completion date introduces timeline uncertainty for buyers, while the established nature of Setia Alam reduces development risk; however, market absorption rates and broader Selangor property sentiment should be assessed before commitment given the competitive landed housing segment.
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
6.9x
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 Shah Alam location with proven residential infrastructure and amenities
- • Reputable SP Setia developer ensures quality construction and after-sales service
- • Freehold tenure provides long-term ownership security and investment appreciation
- • Competitive pricing at RM886,000 offers strong value proposition
- • Growing area with future connectivity improvements and development 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.