You City III, Cheras
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Cheras, Selangor
Type
Serviced Apartment
Price
RM600k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: The RM600,000 entry price is competitive for serviced apartments in the mid-range segment, though value assessment is limited without confirmed unit specifications, rental yield projections, or comparable project benchmarks in Cheras.
- •**Location & Connectivity**: Cheras offers established residential infrastructure and amenities, but the absence of MRT proximity is a notable drawback for a serviced apartment targeting investors or tenants seeking convenient public transport access; connectivity relies on bus services and private vehicles.
- •**Risk & Timing**: The unspecified completion date presents execution risk and potential for project delays; investors should clarify timelines and developer track record before commitment, particularly given the serviced apartment market's sensitivity to economic conditions and tourism-dependent rental demand.
NewProjek Score
6.8
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 22% above area median
Is this project priced fairly?
Selangor — Median Condo Prices (NAPIC)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM450,000 | — |
| 2022 | RM460,000 | +2.2% |
| 2023 | RM470,000 | +2.2% |
| 2024 | RM480,000 | +2.1% |
| 2025 | RM490,000 | +2.1% |
Est. Monthly Rental
RM1,900–2,600
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
5.0x
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 Selangor
Median Household Income
RM9,983/mo
DOSM 2022
Mean Household Income
RM12,233/mo
DOSM 2022
Households Above RM8k
~56%
Estimated for Selangor
Similar projects in Selangor
| Project | Location | Price From | Status |
|---|---|---|---|
| Cassia Residence @ Laman View, Cyberjaya | Cyberjaya | RM319k | New Launch |
| IOI Rio City IOI Properties | Puchong | RM320k | Under Construction |
| Taman Dato Harun, 1-Storey Terrace @ Pulau Indah, Selangor | Klang | RM329k | Completed |
Why Consider
- • Freehold ownership in established Cheras neighbourhood
- • Competitive RM600,000 price point for serviced apartment
- • Strong rental demand area near commercial hub
- • Strategic location with excellent road connectivity
- • Potential capital appreciation in growing Cheras district
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.