Penchala 188 Residence, Condominium @ Sungai Penchala, Damansara
Powered by verified data + DOSM
Generated 29 July 2026
Developer
—
Location
Damansara, Selangor
Type
Condominium
Price
RM694k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Pricing from RM694,000 is competitive for the Damansara corridor; however, without specified completion timeline, valuation benchmarking against comparable recent launches is limited, and buyers should verify price-per-sqft against nearby developments to confirm market positioning.
- •**Location & Connectivity**: Damansara offers established residential appeal with shopping and commercial proximity, but the absence of nearby MRT connectivity is a significant drawback in an era of transit-oriented development, limiting long-term appeal to car-dependent occupants and potentially affecting future rental demand.
- •**Risk & Timing**: The lack of a specified completion date presents execution and financing risk; buyers should request detailed project timelines and obtain legal assurance before commitment, as prolonged construction periods in this market segment directly impact property appreciation and rental income projections.
NewProjek Score
6
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 42% 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
RM2,200–3,000
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
5.4x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | Stretch |
| 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
- • Established Damansara location with strong property appreciation track record
- • Freehold tenure ensures long-term ownership and investment value
- • Competitive pricing at RM694k in sought-after residential area
- • Close proximity to Sungai Penchala amenities and nature reserves
- • Excellent connectivity to major business districts and highways
Risk Factors
- • Under construction — completion delays are possible
- • 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.