Property Review

MIRAI Residences, Serviced Apartment @ Kajang 2, Kajang, Selangor

Powered by NAPIC + DOSM data

Generated 29 April 2026

← Back to listing
Executive Summary

Developer

Location

Kajang, Selangor

Type

Serviced Apartment

Price

RM282k+

Tenure

Completion

NewProjek Verdict

  • **Pricing & Value**: Entry price of RM282,000 is competitive for serviced apartments in the Kajang vicinity, though pricing competitiveness depends on unit size, finishes, and comparison with similar projects; absence of detailed specifications limits value assessment.
  • **Location & Connectivity**: Kajang 2 offers moderate accessibility via federal routes and local roads, but the absence of nearby MRT connectivity is a significant limitation for long-term appeal and tenant attraction compared to other Klang Valley serviced apartment projects near public transport hubs.
  • **Risk & Timing**: Substantial risks include unspecified tenure (freehold/leasehold unclear), missing completion timeline, and lack of developer transparency, which collectively create uncertainty for investment decisions and rental income projections; recommend obtaining full legal and project details before commitment.

NewProjek Score

6.5

Moderate

  • Developer verification status not confirmed
  • Priced below area median — potential value opportunity
Market Price Analysis

Is this project priced fairly?

Developer PriceRM282,000
Selangor MedianRM490,000
Priced 42% below area median

Selangor — Median Condo Prices (NAPIC)

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

RM900–1,200

Based on similar properties in Selangor

Gross Rental Yield

4.0%–5.0%

Annual rental / property price

Area Price Trend

+8.9%

NAPIC data 2021–2025

Price-to-Income

2.4x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kYes
RM7,000RM1.0 milYes
RM10,000RM1.5 milYes
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

Comparable Projects

Similar projects in Selangor

Why Consider + Risk Factors

Why Consider

  • Located in Kajang, Selangor
  • By Developer

Risk Factors

  • Under construction — completion delays are possible
  • No MRT/LRT station listed nearby — may affect future demand
🔒

Sign in to view full review

Free forever. Get rental yield, loan eligibility, comparable projects and risk assessment.

Google sign-in or magic link • No password needed

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.