Seri Serindit Residensi @ Bukit Serindit, Melaka (3km - Jonker Walk)
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Melaka Tengah, Melaka
Type
Condominium
Price
RM270k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry price of RM270,000 is competitive for Melaka's residential market, though per-square-meter value should be verified against comparable projects; lack of tenure specification and completion timeline creates pricing uncertainty and potential hidden costs.
- •**Location & Connectivity**: Proximity to Jonker Walk (3km) provides cultural and commercial appeal, but absence of MRT connectivity limits accessibility to public transport; reliance on personal vehicles or local buses may reduce long-term value appreciation compared to transit-oriented developments.
- •**Risk & Timing**: Incomplete project information (no tenure details, no specified completion date, no named developer) presents significant execution and legal risks; buyers should exercise caution until developer credentials and timeline are clarified, as these factors directly impact investment security and liquidity.
NewProjek Score
7
Worth Considering
- • Developer verification status not confirmed
- • Priced below area median — potential value opportunity
- • Completed project — no construction risk
Is this project priced fairly?
Melaka — Median Condo Prices (NAPIC)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM285,000 | — |
| 2022 | RM291,000 | +2.1% |
| 2023 | RM297,000 | +2.1% |
| 2024 | RM304,000 | +2.4% |
| 2025 | RM310,000 | +2.0% |
Est. Monthly Rental
RM800–1,100
Based on similar properties in Melaka
Gross Rental Yield
3.7%–4.7%
Annual rental / property price
Area Price Trend
+8.8%
NAPIC data 2021–2025
Price-to-Income
3.6x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | Yes |
| 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 Melaka
Median Household Income
RM6,210/mo
DOSM 2022
Mean Household Income
RM8,057/mo
DOSM 2022
Households Above RM8k
~35%
Estimated for Melaka
Similar projects in Melaka
| Project | Location | Price From | Status |
|---|---|---|---|
| Taman Nuri Botani, Villament (RMM) @ Durian Tunggal, Melaka | Durian Tunggal | RM190k | Completed |
| Bungalow Land @ Taman Seri Bertam, Melaka Tengah | Melaka Tengah | RM214k | New Launch |
| Shang Height Residence @ Melaka City - 15 min to Jonker Walk | Melaka Tengah | RM250k | New Launch |
Why Consider
- • Close proximity to Jonker Walk heritage zone, 3km distance
- • Strategic Melaka Tengah location with excellent tourism potential
- • Affordable entry price at RM270,000 for condominium
- • Walking distance to vibrant dining and cultural attractions
- • Strong rental yield potential in popular tourist destination
Risk Factors
- • 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.