Elmina Ridge 2 @ City of Elmina
Powered by verified data + DOSM
Generated 31 May 2026
Developer
Sime Darby Property
Location
Shah Alam, Selangor
Type
Landed House
Price
TBA
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Pricing remains to be announced, limiting ability to assess competitiveness against comparable freehold landed properties in Shah Alam; however, Sime Darby Property's established track record suggests reasonable market positioning once details are disclosed.
- •**Location & Connectivity**: Shah Alam offers mature infrastructure and amenities, but the absence of nearby MRT connectivity is a notable drawback compared to emerging developments with rail access; accessibility depends heavily on private vehicle usage and proximity to major highways.
- •**Risk & Timing**: The unspecified completion timeline and TBA pricing create uncertainty for investment planning; early-stage project status means longer waiting periods and potential for market fluctuations, requiring buyers to assess their risk tolerance for extended holding periods.
NewProjek Score
7
Worth Considering
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
Is this project priced fairly?
Price comparison data not available for this project.
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
—
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 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
Why Consider
- • Freehold tenure ensures long-term property ownership security and value
- • Sime Darby Property's reputation guarantees quality construction and reliability
- • Shah Alam location offers urban convenience with suburban tranquility
- • Established township infrastructure provides excellent amenities and services nearby
- • Strong investment potential in growing Selangor property market
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.