Property Review

Taman Harmoni, 1 & 2-Storey Terrace @ Sungai Pelek, Sepang, Selangor

Powered by NAPIC + DOSM data

Generated 29 April 2026

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Executive Summary

Developer

Location

Sepang, Selangor

Type

Landed House

Price

RM688k+

Tenure

Freehold

Completion

NewProjek Verdict

  • **Value & Pricing**: Entry-level pricing at RM688,000 offers affordability for first-time buyers in the landed property segment, though pricing competitiveness relative to comparable developments in Sepang and surrounding areas requires comparative market analysis to confirm value proposition.
  • **Location & Connectivity**: Sungai Pelek's proximity to Sepang and access to major highways (KLIA Expressway, North-South Expressway) provides reasonable connectivity; however, the absence of nearby MRT or LRT stations limits public transport options and may restrict appeal to commuters relying on rapid transit.
  • **Risk & Timing**: Lack of specified completion date presents execution and occupancy uncertainty for buyers; developers should clarify timelines to mitigate risk, and market absorption rates in this location should be monitored given moderate accessibility relative to more established residential corridors in Selangor.

NewProjek Score

6.8

Moderate

  • Developer verification status not confirmed
  • Freehold tenure provides long-term ownership security
  • Priced 25% above area median
Market Price Analysis

Is this project priced fairly?

Developer PriceRM688,000
Selangor MedianRM550,000
Priced 25% above 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

RM2,200–3,000

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

5.7x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kStretch
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

Why Consider + Risk Factors

Why Consider

  • Freehold landed property at competitive RM688,000 price point
  • Strategic Sepang location near Kuala Lumpur economic corridor
  • Terrace houses ideal for growing families and investors
  • Established residential area with existing community infrastructure
  • Strong appreciation potential in developing Selangor 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 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.