Ramlee @ Bukit Bintang, Sungai Petani, Kedah
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Sungai Petani, Kedah
Type
Bungalow
Price
RM650k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM650,000 entry price is competitive for freehold bungalows in Sungai Petani's mid-tier market; however, without specified completion date and detailed specifications, price-to-value assessment remains preliminary and requires site inspection.
- •**Location & Connectivity**: Bukit Bintang area offers reasonable accessibility within Sungai Petani town center, but absence of nearby MRT connectivity limits appeal for buyers dependent on public transport and may constrain future appreciation versus Klang Valley properties.
- •**Risk & Timing**: Primary concern is undefined completion timeline, creating uncertainty for occupancy planning and potential cost escalation; early-stage project launch means construction risk and market timing exposure are material considerations for investment decision-making.
NewProjek Score
6.5
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 117% above area median — premium pricing
Is this project priced fairly?
Kedah — Median Condo Prices (NAPIC)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM235,000 | — |
| 2022 | RM241,000 | +2.6% |
| 2023 | RM248,000 | +2.9% |
| 2024 | RM254,000 | +2.4% |
| 2025 | RM260,000 | +2.4% |
Est. Monthly Rental
RM2,000–2,700
Based on similar properties in Kedah
Gross Rental Yield
3.9%–4.9%
Annual rental / property price
Area Price Trend
+10.6%
NAPIC data 2021–2025
Price-to-Income
12.3x
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 Kedah
Median Household Income
RM4,402/mo
DOSM 2022
Mean Household Income
RM5,550/mo
DOSM 2022
Households Above RM8k
~25%
Estimated for Kedah
Similar projects in Kedah
| Project | Location | Price From | Status |
|---|---|---|---|
| Taman Dermaga Jaya @ Kuala Kedah | Kuala Kedah | RM350k | New Launch |
| Casa Impian 2, Double Storey Terrace @ Sungai Petani, Kedah | Sungai Petani | RM356k | Completed |
| Taman Desa Tanjung, 2-Storey Terrace @ Kepala Batas, Jitra | Jitra | RM370k | Recently Completed |
Why Consider
- • Located in Sungai Petani, Kedah
- • Freehold title property
- • By Developer
Risk Factors
- • 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 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.