IOI Rio City
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
IOI Properties
Location
Puchong, Selangor
Type
Serviced Apartment
Price
RM320k – RM480k
Tenure
Leasehold
Completion
Q1 2027
NewProjek Verdict
IOI Rio City offers a competitively priced serviced apartment option in the established Puchong area with the advantage of nearby IOI Puchong LRT connectivity, making it suitable for investors seeking rental yield potential and owner-occupiers prioritizing accessibility. However, prospective buyers should note the leasehold tenure and extended completion timeline to Q1 2027, which may impact near-term returns and require careful consideration of the developer's track record and market conditions at handover. The project's viability ultimately depends on individual investment horizons, financing capacity, and the buyer's assessment of the Puchong submarket's growth trajectory.
- • Verified developer with established track record
- • Leasehold tenure — check remaining lease years
- • Priced below area median — potential value opportunity
Is this project priced fairly?
Selangor — Median Condo Prices (NAPIC)
| 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
RM1,000–1,400
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
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
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 |
|---|---|---|---|
| Seri Seraya @ Puncak Bestari, Puncak Alam | Affordable Homes | Puncak Alam | RM205k | New Launch |
| Adiwarna, Villament Home (RSKU) @ Banting, Selangor | Banting | RM245k | New Launch |
| M Terra @ Puchong, nearby IOI Mall & Sunway Pyramid | Puchong | RM250k | New Launch |
✅ Why Consider
- • Excellent connectivity via IOI Puchong LRT station nearby
- • Established IOI Properties developer with strong track record
- • Strategic Puchong location with growing commercial and residential
- • Affordable entry price for serviced apartment investment
- • High rental yield potential in established township area
⚠️ Risk Factors
- • Under construction — completion delays are possible
- • Leasehold tenure may depreciate faster than freehold
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.