Property Review

Setia Sky Vista

Powered by NAPIC + DOSM data

Generated 29 April 2026

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Executive Summary

Developer

SP Setia

Location

Puchong, Selangor

Type

Condominium

Price

RM450k – RM750k

Tenure

Leasehold

Completion

NewProjek Verdict

  • **Pricing & Value**: RM450,000 entry point is competitive for the Puchong market, offering reasonable value for mid-range buyers, though affordability depends on actual unit sizes and finishes which are not detailed here.
  • **Location & Connectivity**: Puchong Perdana LRT proximity provides good public transport access to Kuala Lumpur's city center, and the area benefits from established commercial and residential infrastructure, though traffic congestion remains a consideration for non-LRT commuters.
  • **Risk & Timing**: Absence of specified completion timeline introduces uncertainty for investors and end-users regarding delivery schedules and market conditions; SP Setia's track record is generally reliable, but clarity on project milestones and launch phases would be essential before commitment.

NewProjek Score

8.3

Worth Considering

  • Verified developer with established track record
  • Leasehold tenure — check remaining lease years
  • Priced in line with area median
Market Price Analysis

Is this project priced fairly?

Developer PriceRM450,000
Selangor MedianRM490,000
Priced 8% below area median

Selangor — Median Condo Prices (NAPIC)

YearMedian PriceYoY Change
2021RM450,000
2022RM460,000+2.2%
2023RM470,000+2.2%
2024RM480,000+2.1%
2025RM490,000+2.1%
Investment Analysis

Est. Monthly Rental

RM1,400–1,900

Based on similar properties in Selangor

Gross Rental Yield

4.0%–5.0%

Annual rental / property price

Area Price Trend

+8.9%

NAPIC data 2021–2025

Price-to-Income

3.8x

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 Selangor

Median Household Income

RM9,983/mo

DOSM 2022

Mean Household Income

RM12,233/mo

DOSM 2022

Households Above RM8k

~56%

Estimated for Selangor

Comparable Projects

Similar projects in Selangor

ProjectLocationPrice FromStatus
Adiwarna, Villament Home (RSKU) @ Banting, SelangorBantingRM245kNew Launch
MIRA at Shorea Park, PuchongPuchongRM250kNew Launch
Tangerine Suites at Sunsuria City, SepangSepangRM250kNew Launch
Why Consider + Risk Factors

Why Consider

  • Excellent connectivity via Puchong Perdana LRT station nearby
  • Prime Puchong location with strong rental demand potential
  • Reputable SP Setia developer ensures quality construction standards
  • Competitive pricing in established residential area for investors
  • Strategic location near commercial hubs and amenities

Risk Factors

  • Under construction — completion delays are possible
  • Leasehold tenure may depreciate faster than freehold
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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.