Property Review

Raudhah Solihin, Rumah Berkembar 1 Tingkat @ Mahligai, Melor, Kelantan

Powered by NAPIC + DOSM data

Generated 30 April 2026

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Executive Summary

Developer

Location

Melor, Kelantan

Type

Semi-D

Price

RM384k+

Tenure

Freehold

Completion

NewProjek Verdict

  • **Value & Pricing**: Entry-level pricing at RM384,000 is competitive for semi-detached homes in Kelantan, offering affordable homeownership; however, limited market comparables in this specific location make resale value assessment challenging.
  • **Location & Connectivity**: Melor offers a quieter residential setting with freehold tenure, but lacks proximity to major transport infrastructure (no MRT access) and relies on road connectivity, potentially limiting appeal to urban commuters.
  • **Risk & Timing**: Completion timeline is not specified, creating uncertainty around project delivery and cash flow for investors; the remote Kelantan location presents liquidity risks in a slower property market compared to Klang Valley or Penang developments.

NewProjek Score

6

Moderate

  • Developer verification status not confirmed
  • Freehold tenure provides long-term ownership security
  • Priced 32% above area median — premium pricing
Market Price Analysis

Is this project priced fairly?

Developer PriceRM384,000
Kelantan MedianRM290,000
Priced 32% above area median

Kelantan — Median Condo Prices (NAPIC)

YearMedian PriceYoY Change
2021RM225,000
2022RM231,000+2.7%
2023RM238,000+3.0%
2024RM244,000+2.5%
2025RM250,000+2.5%
Investment Analysis

Est. Monthly Rental

RM1,200–1,600

Based on similar properties in Kelantan

Gross Rental Yield

3.9%–4.9%

Annual rental / property price

Area Price Trend

+11.1%

NAPIC data 2021–2025

Price-to-Income

8.9x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kYes
RM7,000RM1.0 milYes
RM10,000RM1.5 milYes
RM15,000RM2.3 milYes
RM20,000RM3.2 milYes

Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin

Area Profile

DOSM income data for Kelantan

Median Household Income

RM3,614/mo

DOSM 2022

Mean Household Income

RM4,885/mo

DOSM 2022

Households Above RM8k

~20%

Estimated for Kelantan

Comparable Projects

Similar projects in Kelantan

Why Consider + Risk Factors

Why Consider

  • Affordable freehold semi-D property at RM384,000 entry price
  • Strategic Melor location in developing Kelantan corridor
  • Spacious single-storey design ideal for growing families
  • Strong rental demand in emerging Kelantan property market
  • Excellent long-term appreciation potential in growth area

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 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.