House of Grace
Powered by verified data + DOSM
Generated 14 June 2026
Developer
SP Setia
Location
Selangor
Type
Terrace
Price
RM450k+
Tenure
Freehold
Completion
2028
NewProjek Verdict
- •**Pricing & Value**: At RM450,000 for a freehold terrace in Selangor, the property offers competitive entry-level pricing; however, value assessment depends on specific sub-location and comparable properties in the immediate vicinity, requiring detailed market comparison.
- •**Location & Connectivity**: The absence of nearby MRT connectivity is a significant limitation for commuters; viability depends on proximity to major roads, bus routes, and commercial centers, which should be verified against the exact Selangor location and future public transport plans.
- •**Risk & Timing**: The 2028 completion date presents a 4-year execution risk typical of new launches; buyers should evaluate SP Setia's track record for on-time delivery, potential interest rate changes affecting affordability, and market conditions at completion, alongside standard construction and market risks.
NewProjek Score
8.2
Worth Considering
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced below area median — potential value opportunity
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
RM1,400–1,900
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
3.8x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | Yes |
| 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
Similar projects in Selangor
| Project | Location | Price From | Status |
|---|---|---|---|
| Adenia SP Setia | — | RM227k | Under Construction |
| Bayu Avenue SP Setia | — | RM230k | Under Construction |
| sejati-residences by Paramount Property PARAMOUNT VENTURE SDN BHD | Kuala Lumpur | RM249k | Various |
Why Consider
- • Established developer SP Setia ensures quality construction and reliability
- • Freehold tenure provides long-term ownership security and value
- • Selangor location offers strong growth potential and affordability
- • Terrace design maximizes space for families at RM450k
- • 2028 completion timeline allows flexible payment schemes for buyers
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 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.