Property Review

Harta Rysa, 2-Storey Townhouse @ Bukit Cherakah, Puncak Alam, Selangor

Powered by NAPIC + DOSM data

Generated 30 April 2026

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Executive Summary

Developer

Location

Shah Alam, Selangor

Type

Townhouse

Price

RM400k+

Tenure

Freehold

Completion

NewProjek Verdict

  • **Value & Pricing**: RM400,000 entry price is competitive for 2-storey freehold townhouses in the Puncak Alam corridor, offering reasonable value relative to comparable developments, though pricing competitiveness should be verified against other similar-sized projects in the vicinity.
  • **Location & Connectivity**: Bukit Cherakah benefits from proximity to Shah Alam's established infrastructure and amenities, but the absence of nearby MRT connectivity limits public transportation options and may impact long-term accessibility compared to developments along rapid transit corridors.
  • **Risk & Timing**: Unspecified completion timeline presents uncertainty for buyers regarding occupancy and investment returns; recommend clarifying developer track record and projected delivery dates before commitment, as delayed completions are not uncommon in this market segment.

NewProjek Score

7.5

Worth Considering

  • Developer verification status not confirmed
  • Freehold tenure provides long-term ownership security
  • Priced below area median — potential value opportunity
Market Price Analysis

Is this project priced fairly?

Developer PriceRM400,000
Selangor MedianRM490,000
Priced 18% below area median

Selangor — Median Condo Prices (NAPIC)

YearMedian PriceYoY Change
2021RM450,000
2022RM460,000+2.2%
2023RM470,000+2.2%
2024RM480,000+2.1%
2025RM490,000+2.1%
Investment Analysis

Est. Monthly Rental

RM1,300–1,700

Based on similar properties in Selangor

Gross Rental Yield

4.0%–5.0%

Annual rental / property price

Area Price Trend

+8.9%

NAPIC data 2021–2025

Price-to-Income

3.3x

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 Selangor

Median Household Income

RM9,983/mo

DOSM 2022

Mean Household Income

RM12,233/mo

DOSM 2022

Households Above RM8k

~56%

Estimated for Selangor

Comparable Projects

Similar projects in Selangor

ProjectLocationPrice FromStatus
Seri Seraya @ Puncak Bestari, Puncak Alam | Affordable HomesPuncak AlamRM205kCompleted
Adiwarna, Villament Home (RSKU) @ Banting, SelangorBantingRM245kNew Launch
Tangerine Suites at Sunsuria City, SepangSepangRM250kNew Launch
Why Consider + Risk Factors

Why Consider

  • Located in Shah Alam, Selangor
  • Freehold title property
  • By Developer

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.