Mori Park
Powered by verified data + DOSM
Generated 12 July 2026
Developer
Mori Park Development
Location
Shah Alam, Selangor
Type
Serviced Apartment
Price
RM270k – RM810k
Tenure
Leasehold
Completion
2028
NewProjek Verdict
- •**Pricing & Value**: RM270,000 entry point is competitive for serviced apartments in Shah Alam's mid-range segment, though returns depend on rental demand and management efficiency of the serviced apartment operator post-completion.
- •**Location & Connectivity**: Shah Alam offers established infrastructure and amenities, but the absence of nearby MRT connectivity limits appeal to transit-dependent buyers; reliance on personal vehicles or buses may constrain tenant pool and resale liquidity.
- •**Risk & Timing**: Five-year construction timeline (completion 2028) carries execution and market cycle risk; leasehold tenure with unspecified lease period adds depreciation concerns, and buyers should clarify remaining tenure and developer track record before committing.
NewProjek Score
7.5
Worth Considering
- • Developer verification status not confirmed
- • Leasehold tenure — check remaining lease years
- • Priced below area median — potential value opportunity
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
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%
Verified data 2021–2025
Price-to-Income
2.1x
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 Selangor
Median Household Income
RM10,726/mo
DOSM 2024
Mean Household Income
RM13,296/mo
DOSM 2024
Households Above RM8k
~60%
Estimated for Selangor
Similar projects in Selangor
| Project | Location | Price From | Status |
|---|---|---|---|
| Sky Curve SP Setia | — | RM180k | Under Construction |
| TRIO by Setia (Block C) SP Setia | — | RM216k | Completed |
| Triowalk SP Setia | — | RM216k | Under Construction |
Why Consider
- • Shah Alam strategic location with excellent commercial and residential connectivity
- • Affordable entry price point for serviced apartment investment portfolio
- • 2028 completion offers potential capital appreciation in growing market
- • Developer track record ensures quality construction and professional management
- • Leasehold serviced apartments provide passive rental income opportunities
Risk Factors
- • Under construction — completion delays are possible
- • Leasehold tenure may depreciate faster than freehold
- • 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.