Shang Height Residence @ Melaka City - 15 min to Jonker Walk
Powered by NAPIC + DOSM data
Generated 30 April 2026
Developer
—
Location
Melaka Tengah, Melaka
Type
Serviced Apartment
Price
RM250k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM250,000 entry price is competitive for serviced apartments in Melaka, though the absence of specified tenure details (freehold vs leasehold) and completion timeline creates uncertainty around actual long-term value and ROI potential.
- •**Location & Connectivity**: Melaka Tengah placement offers proximity to Jonker Walk's tourism appeal and cultural attractions, but the absence of MRT connectivity and reliance on road-based transport limits accessibility compared to major Klang Valley developments, constraining tenant demand and appreciation potential.
- •**Risk & Timing**: Incomplete project specifications (no tenure, completion date, or developer name confirmation) present material risks regarding investment certainty; lack of transparency on delivery timeline increases exposure to construction delays and market cyclicality in a secondary property market.
NewProjek Score
6.5
Moderate
- • Developer verification status not confirmed
- • Priced below area median — potential value opportunity
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
RM700–1,000
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
3.4x
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 |
| Seri Serindit Residensi @ Bukit Serindit, Melaka (3km - Jonker Walk) | Melaka Tengah | RM270k | Completed |
Why Consider
- • Located in Melaka Tengah, Melaka
- • By Developer
Risk Factors
- • Under construction — completion delays are possible
- • 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.