Kingfisher
Powered by verified data + DOSM
Generated 14 June 2026
Developer
SP Setia
Location
Setia Alam, Selangor
Type
Residential
Price
RM1.1 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Pricing** – At RM1.11 million entry point, Kingfisher offers competitive positioning within the Setia Alam mid-range segment, though final value assessment requires comparison with similar-spec developments and actual built quality upon completion.
- •**Location & Connectivity** – Setia Alam provides established suburban amenities and road networks, but the absence of nearby MRT access limits public transport convenience and may constrain long-term appreciation relative to transit-oriented projects in the Klang Valley.
- •**Risk & Timing** – Critical project details including tenure type and completion timeline are not disclosed, creating uncertainty around investment horizon and regulatory structure; prospective buyers should obtain these specifications directly from the developer before commitment.
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
9.3x
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
RM9,983/mo
DOSM 2022
Mean Household Income
RM12,233/mo
DOSM 2022
Households Above RM8k
~56%
Estimated for Selangor
Why Consider
- • Located in Setia Alam, 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.