Kebun Villa @ Bukit Pinang
Powered by verified data + DOSM
Generated 29 July 2026
Developer
—
Location
Alor Setar, Kedah
Type
Bungalow
Price
RM389k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM389,000 entry price for bungalows in Alor Setar, the project offers competitive positioning for the northern market; however, pricing assessment is limited without specification of built-up area, land size, and finishes relative to comparable developments.
- •**Location & Connectivity**: Alor Setar's secondary city status and absence of MRT connectivity constrains buyer appeal and liquidity compared to major metropolitan areas; accessibility depends heavily on proximity to main highways and local amenities which require site-level verification.
- •**Risk & Timing**: Completion and tenure details are not disclosed, creating material uncertainty for investment decisions; the lack of transparency on project timeline and land ownership structure represents elevated execution and legal risk that requires clarification from the developer before commitment.
NewProjek Score
5.8
Moderate
- • Developer verification status not confirmed
- • Priced 30% above area median
- • Completed project — no construction risk
Is this project priced fairly?
Kedah — Median Condo Prices (Verified)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM235,000 | — |
| 2022 | RM241,000 | +2.6% |
| 2023 | RM248,000 | +2.9% |
| 2024 | RM254,000 | +2.4% |
| 2025 | RM260,000 | +2.4% |
Est. Monthly Rental
RM1,200–1,600
Based on similar properties in Kedah
Gross Rental Yield
3.9%–4.9%
Annual rental / property price
Area Price Trend
+10.6%
Verified data 2021–2025
Price-to-Income
6.6x
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 Kedah
Median Household Income
RM4,895/mo
DOSM 2024
Mean Household Income
RM5,793/mo
DOSM 2024
Households Above RM8k
~28%
Estimated for Kedah
Similar projects in Kedah
| Project | Location | Price From | Status |
|---|---|---|---|
| Taman Sejahtera @ Kedah | Daerah Sik | RM235k | Completed |
| 1-Storey Terrace @ Pendang, Kedah | Pendang | RM270k | New Launch |
| 1 Storey Terrace @ Taman Wawasan II, Kota Sarang Semut, Pendang, Kedah | Pendang | RM278k | New Launch |
Why Consider
- • Located in Alor Setar, Kedah
- • By Developer
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.