Myra Cove @ Cyberjaya
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Cyberjaya, Selangor
Type
Condominium
Price
RM455k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry price of RM455,000 is competitive for a freehold condominium in the Cyberjaya market, offering reasonable value for first-time buyers and investors seeking affordable units, though final pricing depends on unit size and specification details.
- •**Location & Connectivity**: Cyberjaya's established IT hub status provides stable tenant demand and commercial proximity; however, the absence of nearby MRT connectivity is a notable limitation that may restrict appeal to commuters and could impact long-term capital appreciation compared to MRT-linked developments.
- •**Risk & Timing**: Completion timeline is not specified, which creates uncertainty for financing and possession planning; buyers should clarify developer track record and construction timeline before commitment, as indefinite completion dates pose financing and occupancy risk.
NewProjek Score
7
Worth Considering
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced in line with area median
Is this project priced fairly?
Selangor — Median Condo Prices (NAPIC)
| 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
RM1,500–2,000
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
3.8x
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
RM9,983/mo
DOSM 2022
Mean Household Income
RM12,233/mo
DOSM 2022
Households Above RM8k
~56%
Estimated for Selangor
Similar projects in Selangor
| Project | Location | Price From | Status |
|---|---|---|---|
| Adiwarna, Villament Home (RSKU) @ Banting, Selangor | Banting | RM245k | New Launch |
| Tangerine Suites at Sunsuria City, Sepang | Sepang | RM250k | New Launch |
| MIRA at Shorea Park, Puchong | Puchong | RM250k | New Launch |
Why Consider
- • Cyberjaya tech hub location with strong economic growth
- • Freehold tenure ensures long-term property ownership security
- • Affordable entry point for first-time condo buyers
- • Strategic Selangor location near Kuala Lumpur metropolitan area
- • Growing demand in established IT and business district
Risk Factors
- • Under construction — completion delays are possible
- • No MRT/LRT station listed nearby — may affect future demand
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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.