Property Review

Elmina Ridge 1 @ City of Elmina

Powered by verified data + DOSM

Generated 1 June 2026

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Executive Summary

Developer

Sime Darby Property

Location

Shah Alam, Selangor

Type

Landed House

Price

TBA

Tenure

Freehold

Completion

NewProjek Verdict

  • **Value & Pricing**: Pricing details remain unavailable (TBA), limiting ability to assess affordability and value proposition relative to comparable Shah Alam developments; freehold tenure provides long-term ownership security but final pricing will be critical to determine competitiveness in the landed housing segment.
  • **Location & Connectivity**: Shah Alam offers established infrastructure and amenities as a mature township, though the absence of nearby MRT connectivity is a notable limitation; accessibility depends on road-based transport and proximity to major highways, which may impact long-term convenience and resale appeal compared to MRT-served areas.
  • **Risk & Timing**: Completion timeline is unspecified, creating uncertainty around project delivery and investment returns; early-stage project status (price TBA) means limited track record visibility; investors should await detailed timelines and pricing before committing, as these factors will significantly influence project viability and market positioning.

NewProjek Score

7

Worth Considering

  • Developer verification status not confirmed
  • Freehold tenure provides long-term ownership security
Market Price Analysis

Is this project priced fairly?

Price comparison data not available for this project.

Selangor — Median Condo Prices (Verified)

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

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

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kYes
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

  • Located in Shah Alam, Selangor
  • Freehold title property
  • By Sime Darby Property

Risk Factors

  • Under construction — completion delays are possible
  • 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.