Elmina Green Seven @ City of Elmina
Powered by verified data + DOSM
Generated 15 July 2026
Developer
Sime Darby Property
Location
Shah Alam, Selangor
Type
Landed House
Price
RM990k+
Tenure
Freehold
Completion
2025
NewProjek Verdict
- •**Value & Pricing**: Entry-level pricing from RM990,000 is competitive for freehold landed properties in Shah Alam, though final value depends on unit specifications, built-up area, and lot size which require verification against comparable properties in the vicinity.
- •**Location & Connectivity**: Shah Alam offers established infrastructure and accessibility via major highways, but the absence of nearby MRT connectivity is a notable limitation for buyers prioritizing public transportation; reliance on personal vehicles remains necessary for commuting to Kuala Lumpur or other major centers.
- •**Risk & Timing**: The absence of a specified completion date presents execution risk and potential delays; investors should clarify timelines directly with Sime Darby Property, and consider market conditions in Shah Alam's property cycle before committing, particularly regarding rental yield and capital appreciation prospects.
NewProjek Score
7.7
Worth Considering
- • Verified developer with established track record
- • Freehold tenure provides long-term ownership security
- • Priced 80% above area median — premium pricing
Is this project priced fairly?
Selangor — Median Condo Prices (Verified)
| 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
RM3,200–4,300
Based on similar properties in Selangor
Gross Rental Yield
4.0%–5.0%
Annual rental / property price
Area Price Trend
+8.9%
Verified data 2021–2025
Price-to-Income
7.7x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | Stretch |
| 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
RM10,726/mo
DOSM 2024
Mean Household Income
RM13,296/mo
DOSM 2024
Households Above RM8k
~60%
Estimated for Selangor
Why Consider
- • Reputable developer Sime Darby Property ensures quality construction standards
- • Freehold tenure provides long-term ownership security and value
- • Shah Alam location offers excellent connectivity and amenities
- • Competitive RM990k price point for landed house investment
- • Strong appreciation potential in established Shah Alam area
Risk Factors
- • Under construction — completion delays are possible
- • 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.