Parkside Residences
Powered by verified data + DOSM
Generated 29 July 2026
Developer
SP Setia
Location
Selangor
Type
Semi-D
Price
RM795k+
Tenure
Leasehold
Completion
2030
NewProjek Verdict
- •**Value & Pricing**: At RM795,000 for semi-detached units, the pricing is competitive for Selangor's mid-range residential segment, though buyers should verify against comparable developments in the immediate vicinity to confirm value alignment.
- •**Location & Connectivity**: The project lacks direct MRT connectivity, which may limit appeal to commuters relying on public transport; accessibility depends on proximity to major roads, bus routes, and future transit infrastructure plans that should be clarified with the developer.
- •**Risk & Timing**: The 2030 completion date represents an 6+ year development horizon, exposing buyers to construction delays, interest rate changes, and extended holding periods; SP Setia's track record should be reviewed, and contracts should include clear penalty clauses for delays.
NewProjek Score
6
Moderate
- • Developer verification status not confirmed
- • Leasehold tenure — check remaining lease years
- • Priced 45% above area median — premium pricing
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
RM2,500–3,400
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
6.2x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| 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
Why Consider
- • SP Setia reputation ensures quality construction and completion
- • Selangor location provides affordable semi-D alternative
- • Below RM800k entry point for semi-detached homes
- • 9-year timeline allows flexible financing and planning
- • Established developer reduces execution risk for buyers
Risk Factors
- • Under construction — completion delays are possible
- • Premium pricing relative to area median may limit resale upside
- • Leasehold tenure may depreciate faster than freehold
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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.