Setia SV2
Powered by verified data + DOSM
Generated 14 June 2026
Developer
SP Setia
Location
Selangor
Type
Condominium
Price
RM969k+
Tenure
Freehold
Completion
2029
NewProjek Verdict
- •**Value & Pricing**: At RM969,000 entry price, the project offers competitive positioning within the mid-range condominium segment for Selangor, though final value assessment depends on unit size, finishes, and amenities relative to comparable developments in the vicinity.
- •**Location & Connectivity**: The absence of nearby MRT connectivity is a notable limitation for long-term accessibility and rental appeal; connectivity will depend primarily on road networks and future public transport plans, which may impact commuting convenience compared to transit-oriented developments.
- •**Risk & Timing**: The 2029 completion timeline presents moderate execution risk typical of large-scale projects, while the extended holding period exposes buyers to market cycles and potential interest rate fluctuations; SP Setia's established track record mitigates some developer risk, though construction delays or market softness could impact resale liquidity.
NewProjek Score
6.7
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 98% above area median — premium pricing
Is this project priced fairly?
Selangor — Median Condo Prices (Verified)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM450,000 | — |
| 2022 | RM460,000 | +2.2% |
| 2023 | RM470,000 | +2.2% |
| 2024 | RM480,000 | +2.1% |
| 2025 | RM490,000 | +2.1% |
Est. Monthly Rental
RM3,100–4,200
Based on similar properties in Selangor
Gross Rental Yield
4.0%–5.0%
Annual rental / property price
Area Price Trend
+8.9%
Verified data 2021–2025
Price-to-Income
8.1x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | Stretch |
| 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 Selangor
Median Household Income
RM9,983/mo
DOSM 2022
Mean Household Income
RM12,233/mo
DOSM 2022
Households Above RM8k
~56%
Estimated for Selangor
Why Consider
- • Freehold title property
- • By SP Setia
- • Completion expected 2029
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 the government, 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.