Property Review

Irama Villa IV

Powered by verified data + DOSM

Generated 14 June 2026

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Executive Summary

Developer

SP Setia

Location

Puchong, Selangor

Type

Residential

Price

RM1.8 mil+

Tenure

Completion

NewProjek Verdict

  • **Value & Pricing**: RM1.8M entry point is competitive for the Puchong market, though pricing appears mid-to-premium segment; actual value assessment requires clarification on unit size, finishes, and amenities compared to nearby developments.
  • **Location & Connectivity**: Puchong offers established residential infrastructure and proximity to employment centers in the Klang Valley, but the absence of nearby MRT connectivity limits public transport options and may impact long-term appreciation relative to transit-oriented developments.
  • **Risk & Timing**: Missing tenure and completion details create uncertainty for potential buyers; SP Setia's track record provides developer credibility, but lack of specified timelines and property specifications should be resolved before purchase commitment to mitigate execution and market timing risks.

NewProjek Score

6

Moderate

  • Developer verification status not confirmed
  • Priced 267% above area median — premium pricing
  • Completed project — no construction risk
Market Price Analysis

Is this project priced fairly?

Developer PriceRM1,800,000
Selangor MedianRM490,000
Priced 267% above area median

Selangor — Median Condo Prices (Verified)

YearMedian PriceYoY Change
2021RM450,000
2022RM460,000+2.2%
2023RM470,000+2.2%
2024RM480,000+2.1%
2025RM490,000+2.1%
Investment Analysis

Est. Monthly Rental

RM5,700–7,800

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

15.0x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kNo
RM7,000RM1.0 milNo
RM10,000RM1.5 milNo
RM15,000RM2.3 milYes
RM20,000RM3.2 milYes

Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin

Area Profile

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

Why Consider + Risk Factors

Why Consider

  • Located in Puchong, Selangor
  • By SP Setia

Risk Factors

  • Premium pricing relative to area median may limit resale upside
  • 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.