Icon City @ Petaling Jaya
Powered by verified data + DOSM
Generated 31 May 2026
Developer
Mah Sing Group
Location
Petaling Jaya, Selangor
Type
Condominium/Apartment
Price
RM350k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Entry point of RM350,000 offers competitive positioning within the Petaling Jaya mid-range segment, though value assessment is constrained by limited specification details and the absence of a confirmed completion timeline.
- •**Location & Connectivity**: While Petaling Jaya remains a established residential area with established amenities, the absence of nearby MRT access is a notable limitation in an era of prioritized public transport connectivity, potentially affecting long-term appreciation and tenant appeal.
- •**Risk & Timing**: The lack of a specified completion date presents execution risk and uncertainty for purchasers; freehold tenure mitigates some concerns, but project timeline clarity is essential for assessing opportunity cost and market cycle positioning.
NewProjek Score
8.5
Strong Buy Signal
- • 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
RM1,100–1,500
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
2.9x
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 |
|---|---|---|---|
| Sky Curve SP Setia | — | RM180k | Under Construction |
| Saujana Rawang by Glomac Glomac | Rawang | RM200k | Under Construction |
| Seri Seraya @ Puncak Bestari, Puncak Alam | Affordable Homes | Puncak Alam | RM205k | Completed |
Why Consider
- • Petaling Jaya location offers established infrastructure and amenities
- • Freehold tenure ensures long-term ownership and equity
- • Mah Sing Group reputation for quality and reliability
- • Strategic position in Klang Valley's commercial corridor
- • Strong rental and capital appreciation potential in PJ
Risk Factors
- • 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.