๐Ÿ“Š Property Intelligence Report

Sapphire @ Sungai Petani

Powered by NAPIC + DOSM data

Generated 15 March 2026

Executive Summary

Developer

โ€”

Location

Sungai Petani, Kedah

Type

Semi-D

Price

RM592k+

Tenure

โ€”

Completion

โ€”

NewProjek Verdict

Sapphire @ Sungai Petani offers competitively priced semi-detached homes in a secondary market, making it potentially attractive for first-time buyers or investors seeking affordable entry points in Kedah. However, the lack of specified tenure details and completion timeline raises concerns about transparency, while the absence of nearby MRT connectivity may limit appeal for those prioritizing accessibility to major urban centers. Prospective buyers should request clarification on these critical details from the developer before proceeding with their purchase decision.

๐Ÿ”ด HIGH RISK
  • โ€ข Developer verification status not confirmed
  • โ€ข Priced 97% above area median โ€” premium pricing
Market Price Analysis

Is this project priced fairly?

Developer PriceRM592,000
Kedah MedianRM300,000
Priced 97% above area median

Kedah โ€” Median Condo Prices (NAPIC)

YearMedian PriceYoY Change
2021RM235,000โ€”
2022RM241,000+2.6%
2023RM248,000+2.9%
2024RM254,000+2.4%
2025RM260,000+2.4%
Investment Analysis

Est. Monthly Rental

RM1,800โ€“2,500

Based on similar properties in Kedah

Gross Rental Yield

3.9%โ€“4.9%

Annual rental / property price

Area Price Trend

+10.6%

NAPIC data 2021โ€“2025

Price-to-Income

11.2x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kโœ… Yes
RM7,000RM1.0 milโœ… Yes
RM10,000RM1.5 milโœ… Yes
RM15,000RM2.3 milโœ… Yes
RM20,000RM3.2 milโœ… Yes

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

Area Profile

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

Comparable Projects

Similar projects in Kedah

ProjectLocationPrice FromStatus
Taman Dermaga Jaya @ Kuala KedahKuala KedahRM350kNew Launch
Casa Impian 2, Double Storey Terrace @ Sungai Petani, KedahSungai PetaniRM356kNew Launch
Taman Desa Tanjung, 2-Storey Terrace @ Kepala Batas, JitraJitraRM370kNew Launch
Why Consider + Risk Factors

โœ… Why Consider

  • โ€ข Located in Sungai Petani, Kedah
  • โ€ข By Developer

โš ๏ธ Risk Factors

  • โ€ข Under construction โ€” completion delays are possible
  • โ€ข Premium pricing relative to area median may limit resale upside
  • โ€ข No MRT/LRT station listed nearby โ€” may affect future demand

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.

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