SP Saujana Permai, Double Storey Cluster @ Sungai Petani, Kedah
Powered by verified data + DOSM
Generated 29 July 2026
Developer
—
Location
Sungai Petani, Kedah
Type
Landed House
Price
RM589k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry-level pricing of RM589,000 is competitive for double-storey cluster homes in Sungai Petani, offering accessible affordability for first-time buyers, though final value depends on finishes and unit specifications not detailed here.
- •**Location & Connectivity**: Sungai Petani is a secondary town in Kedah with limited public transport infrastructure and no MRT access, positioning this as suitable primarily for car-dependent residents and those with local employment ties rather than broader regional connectivity.
- •**Risk & Timing**: Unspecified completion timeline presents execution risk and potential delays, while the absence of a major transport hub limits future appreciation potential and liquidity compared to properties in established urban centers like Kuala Lumpur or Penang.
NewProjek Score
6.5
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 96% above area median — premium pricing
Is this project priced fairly?
Kedah — Median Condo Prices (Verified)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM235,000 | — |
| 2022 | RM241,000 | +2.6% |
| 2023 | RM248,000 | +2.9% |
| 2024 | RM254,000 | +2.4% |
| 2025 | RM260,000 | +2.4% |
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
10.0x
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 Kedah
Median Household Income
RM4,895/mo
DOSM 2024
Mean Household Income
RM5,793/mo
DOSM 2024
Households Above RM8k
~28%
Estimated for Kedah
Similar projects in Kedah
| Project | Location | Price From | Status |
|---|---|---|---|
| Taman Desa Tanjung, 2-Storey Terrace @ Kepala Batas, Jitra | Jitra | RM370k | Recently Completed |
| Taman Desa Tanjung, 1-Storey Semi-D @ Kepala Batas, Jitra | Jitra | RM380k | Recently Completed |
| Teluk Kechai @ Kedah | Teluk Kechai | RM385k | New Launch |
Why Consider
- • Affordable double storey cluster in growing Sungai Petani area
- • Freehold tenure provides long-term ownership security and value
- • Strategic location in Kedah with strong connectivity potential
- • Excellent entry-level investment opportunity for first-time buyers
- • Potential capital appreciation in developing residential neighbourhood
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.