Elmina Ridge 2 @ City of Elmina
Powered by verified data + DOSM
Generated 15 July 2026
Developer
Sime Darby Property
Location
Shah Alam, Selangor
Type
Landed House
Price
RM770k+
Tenure
Freehold
Completion
2028
NewProjek Verdict
- •**Value & Pricing**: Pricing details remain unannounced, limiting comparative analysis; however, Sime Darby Property's track record suggests competitive positioning within Shah Alam's mid-to-premium landed segment, though final pricing will determine value proposition relative to established competitors.
- •**Location & Connectivity**: Shah Alam offers mature infrastructure and accessibility via major highways (Federal, New Pantasonic, and Shah Alam Expressway), though the absence of nearby MRT connectivity may disadvantage long-term appeal compared to transit-oriented developments, particularly for Kuala Lumpur commuters.
- •**Risk & Timing**: The 2028 completion timeline presents moderate execution risk across a 4+ year development period; buyers should monitor developer delivery track record and market conditions, as economic fluctuations and extended timelines could impact end-financing terms and property market sentiment upon completion.
NewProjek Score
7.7
Worth Considering
- • Verified developer with established track record
- • Freehold tenure provides long-term ownership security
- • Priced 40% 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
RM2,500–3,300
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
6.0x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | Stretch |
| 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
- • Established Shah Alam location with mature infrastructure
- • Sime Darby Property track record of quality developments
- • Freehold tenure provides long-term ownership security
- • Strategic Selangor position for future appreciation potential
- • Upcoming completion offers pre-launch investment opportunity
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.