Kingfisher
Powered by verified data + DOSM
Generated 29 July 2026
Developer
SP Setia
Location
Setia Alam, Selangor
Type
Residential
Price
RM1.1 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry-level pricing of RM1.11 million offers accessibility for first-time buyers in the mid-range segment, though without specified unit sizes or amenities comparison, value assessment remains incomplete and requires detailed specification review.
- •**Location & Connectivity**: Setia Alam provides established residential infrastructure with road connectivity via federal routes, but the absence of nearby MRT access limits public transportation options and may impact long-term appreciation relative to projects near mass transit corridors.
- •**Risk & Timing**: Critical project details including tenure type, completion timeline, and sales phase status are undisclosed, presenting information gaps that increase investment uncertainty; buyers should verify these fundamentals before commitment, particularly regarding delivery schedules and financing implications.
NewProjek Score
6
Moderate
- • Developer verification status not confirmed
- • Priced 127% above area median — premium pricing
- • Completed project — no construction risk
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
RM3,500–4,800
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
8.6x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | Stretch |
| 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
Why Consider
- • SP Setia's established reputation ensures quality construction standards
- • Setia Alam's strategic location offers excellent connectivity options
- • Competitive pricing at RM1.1M for residential investment
- • Growing township with strong long-term appreciation potential
- • Proximity to amenities, schools, and commercial centres
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.