Icon City @ Petaling Jaya
Powered by verified data + DOSM
Generated 15 July 2026
Developer
Mah Sing Group
Location
Petaling Jaya, Selangor
Type
Condominium/Apartment
Price
RM350k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM350,000 entry price is competitive for the Petaling Jaya market, though value assessment is limited without specified unit sizes, amenities, or comparable projects; pricing appears mid-range for the location and developer track record.
- •**Location & Connectivity**: Petaling Jaya offers established commercial and residential infrastructure with good road access, but the absence of nearby MRT connectivity is a significant disadvantage compared to transit-oriented developments, potentially limiting long-term appreciation and tenant appeal.
- •**Risk & Timing**: Completion timeline is not specified, creating uncertainty around delivery risk and investment horizon; this lack of transparency, combined with the market's preference for MRT-accessible properties, suggests investors should exercise caution regarding liquidity and resale demand.
NewProjek Score
9.5
Strong Buy Signal
- • Verified developer with established track record
- • 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
2.7x
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
RM10,726/mo
DOSM 2024
Mean Household Income
RM13,296/mo
DOSM 2024
Households Above RM8k
~60%
Estimated for Selangor
Similar projects in Selangor
| Project | Location | Price From | Status |
|---|---|---|---|
| Sky Curve SP Setia | — | RM180k | Under Construction |
| TRIO by Setia (Block A) SP Setia | — | RM216k | Completed |
| TRIO by Setia (Block B) SP Setia | — | RM216k | Completed |
Why Consider
- • Petaling Jaya location offers excellent accessibility and established infrastructure
- • Reputable Mah Sing Group developer ensures quality construction standards
- • Freehold tenure provides long-term ownership security and value
- • Affordable RM350,000 entry price for Klang Valley market
- • Strong investment potential in mature, developed residential area
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.