Taman Selasih Indah, 2-Storey Terrace @ Kulim, Kedah
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Kulim, Kedah
Type
Landed House
Price
RM488k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Entry price of RM488,000 is competitive for a freehold 2-storey terrace in Kulim, offering affordable accessibility to first-time buyers and investors, though appreciation potential may be moderate given the secondary market location.
- •**Location & Connectivity**: Kulim's position in northern Kedah provides reasonable connectivity via federal roads and highways, but the absence of MRT access and limited public transport infrastructure may constrain long-term demand and limit appeal to commuters requiring seamless urban connectivity.
- •**Risk & Timing**: The absence of specified completion date presents a material risk regarding project delivery timelines and quality assurance; buyers should seek clarification on expected handover and conduct due diligence on developer track record before commitment.
NewProjek Score
6.5
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 63% above area median — premium pricing
Is this project priced fairly?
Kedah — Median Condo Prices (NAPIC)
| 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
RM1,500–2,100
Based on similar properties in Kedah
Gross Rental Yield
3.9%–4.9%
Annual rental / property price
Area Price Trend
+10.6%
NAPIC data 2021–2025
Price-to-Income
9.2x
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
RM4,402/mo
DOSM 2022
Mean Household Income
RM5,550/mo
DOSM 2022
Households Above RM8k
~25%
Estimated for Kedah
Similar projects in Kedah
| Project | Location | Price From | Status |
|---|---|---|---|
| 1-Storey Terrace @ Pendang, Kedah | Pendang | RM270k | New Launch |
| 1 Storey Terrace @ Taman Wawasan II, Kota Sarang Semut, Pendang, Kedah | Pendang | RM278k | New Launch |
| Taman Dermaga Jaya @ Kuala Kedah | Kuala Kedah | RM350k | New Launch |
Why Consider
- • Affordable freehold terrace house in growing Kulim area
- • Strategic location in Kedah's developing commercial hub
- • Strong rental demand potential in emerging residential zone
- • Excellent value for money compared to urban markets
- • Proximity to schools, amenities, and industrial zones
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.