Elmina Ridge 1 @ City of Elmina
Powered by verified data + DOSM
Generated 16 July 2026
Developer
Sime Darby Property
Location
Shah Alam, Selangor
Type
Landed House
Price
RM922k+
Tenure
Freehold
Completion
2028
NewProjek Verdict
- •**Value & Pricing**: Pricing details remain to be announced, making early assessment difficult; however, Sime Darby Property's established reputation suggests competitive positioning, though actual value proposition cannot be determined until official price range is released.
- •**Location & Connectivity**: Shah Alam offers mature infrastructure and proximity to commercial hubs, but the absence of nearby MRT connectivity is a notable limitation that may impact long-term accessibility and appeal compared to transit-oriented developments.
- •**Risk & Timing**: The 2028 completion timeline presents moderate execution risk typical of large-scale projects; buyers should assess Sime Darby's track record for on-time delivery and consider that property market conditions may shift significantly over a 4+ year development period.
NewProjek Score
7.7
Worth Considering
- • Verified developer with established track record
- • Freehold tenure provides long-term ownership security
- • Priced 68% 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
RM2,900–4,000
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
7.2x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| 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
RM10,726/mo
DOSM 2024
Mean Household Income
RM13,296/mo
DOSM 2024
Households Above RM8k
~60%
Estimated for Selangor
Why Consider
- • Shah Alam location offers excellent accessibility and established infrastructure
- • Reputable Sime Darby Property developer ensures quality construction standards
- • Freehold tenure provides long-term ownership and investment security
- • Anticipated completion 2028 offers attractive pre-launch pricing opportunity
- • Growing Shah Alam corridor presents strong capital appreciation potential
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.