Ion Forte Green City at Ayer Keroh, Melaka
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
—
Location
Ayer Keroh, Melaka
Type
Condominium
Price
RM426k+
Tenure
—
Completion
—
NewProjek Verdict
Ion Forte Green City presents a competitively priced entry-level condominium option in the Ayer Keroh area, though prospective buyers should note the absence of critical information regarding land tenure and project completion timeline, which are essential for investment decision-making. The lack of nearby MRT connectivity may limit appeal for those prioritizing public transportation access, though the affordable price point could attract first-time buyers or investors seeking value in the Melaka market. Interested parties are advised to request comprehensive details from the developer regarding tenure, completion schedule, and amenities before making a commitment.
- • Developer verification status not confirmed
- • Priced 37% above area median — premium pricing
Is this project priced fairly?
Melaka — Median Condo Prices (NAPIC)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM285,000 | — |
| 2022 | RM291,000 | +2.1% |
| 2023 | RM297,000 | +2.1% |
| 2024 | RM304,000 | +2.4% |
| 2025 | RM310,000 | +2.0% |
Est. Monthly Rental
RM1,300–1,700
Based on similar properties in Melaka
Gross Rental Yield
3.7%–4.7%
Annual rental / property price
Area Price Trend
+8.8%
NAPIC data 2021–2025
Price-to-Income
5.7x
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 Melaka
Median Household Income
RM6,210/mo
DOSM 2022
Mean Household Income
RM8,057/mo
DOSM 2022
Households Above RM8k
~35%
Estimated for Melaka
Similar projects in Melaka
| Project | Location | Price From | Status |
|---|---|---|---|
| Bungalow Land @ Taman Seri Bertam, Melaka Tengah | Melaka Tengah | RM214k | New Launch |
| Shang Height Residence @ Melaka City - 15 min to Jonker Walk | Melaka Tengah | RM250k | New Launch |
| Seri Serindit Residensi @ Bukit Serindit, Melaka (3km - Jonker Walk) | Melaka Tengah | RM270k | New Launch |
✅ Why Consider
- • Located in Ayer Keroh, Melaka
- • By Developer
⚠️ Risk Factors
- • Under construction — completion delays are possible
- • Premium pricing relative to area median may limit resale upside
- • No MRT/LRT station listed nearby — may affect future demand
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.