Property Review

SP Saujana Permai, Double Storey Cluster @ Sungai Petani, Kedah

Powered by verified data + DOSM

Generated 14 June 2026

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Executive Summary

Developer

Location

Sungai Petani, Kedah

Type

Landed House

Price

RM589k+

Tenure

Freehold

Completion

NewProjek Verdict

  • **Value & Pricing**: The entry price of RM589,000 for a double storey cluster house represents competitive positioning for Sungai Petani's market; however, pricing competitiveness should be verified against comparable freehold properties in the locality to assess true value proposition.
  • **Location & Connectivity**: Sungai Petani offers established commercial and residential infrastructure with road accessibility, but the absence of MRT connectivity limits appeal to buyers seeking seamless public transport linkage to major employment centers like Kuala Lumpur or Penang.
  • **Risk & Timing**: The non-specified completion timeline introduces uncertainty for purchase planning and investment returns; buyers should obtain clarity on project phases and delivery schedules before commitment, particularly given market conditions in secondary towns.

NewProjek Score

6.5

Moderate

  • Developer verification status not confirmed
  • Freehold tenure provides long-term ownership security
  • Priced 96% above area median — premium pricing
Market Price Analysis

Is this project priced fairly?

Developer PriceRM589,000
Kedah MedianRM300,000
Priced 96% above area median

Kedah — Median Condo Prices (Verified)

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

Est. Monthly Rental

RM1,800–2,500

Based on similar properties in Kedah

Gross Rental Yield

3.9%–4.9%

Annual rental / property price

Area Price Trend

+10.6%

Verified data 2021–2025

Price-to-Income

11.2x

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 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 Desa Tanjung, 2-Storey Terrace @ Kepala Batas, JitraJitraRM370kRecently Completed
Taman Desa Tanjung, 1-Storey Semi-D @ Kepala Batas, JitraJitraRM380kRecently Completed
Teluk Kechai @ KedahTeluk KechaiRM385kNew Launch
Why Consider + Risk Factors

Why Consider

  • Freehold tenure ensures long-term ownership and asset appreciation
  • Affordable double storey cluster homes under RM600k
  • Sungai Petani strategic location with growing commercial development
  • Spacious landed houses ideal for growing families
  • Strong rental potential in developing Kedah market

Risk Factors

  • 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.

SP Saujana Permai, Double Storey Cluster @ Sungai Petani, Kedah Property Report — Is It Worth Buying? | NewProjek | NewProjek