Erat Residence, Condominium @ Alam Impian
Powered by NAPIC + DOSM data
Generated 30 April 2026
Developer
—
Location
Shah Alam, Selangor
Type
Condominium
Price
RM508k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Entry price of RM508,000 is competitive for Shah Alam's mid-range condominium market, offering reasonable value for first-time buyers and investors seeking affordability, though actual value depends on unit size, amenities, and final specifications.
- •**Location & Connectivity**: Shah Alam provides established infrastructure and accessibility via major roads, however the absence of nearby MRT connectivity limits public transport options and may impact long-term appreciation compared to transit-oriented developments in Klang Valley.
- •**Risk & Timing**: The unspecified completion date presents a critical concern for buyers, creating uncertainty around possession timelines and potential delays; this lack of transparency should be clarified with the developer before commitment, particularly for financing and occupancy planning purposes.
NewProjek Score
7
Worth Considering
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced in line with area median
Is this project priced fairly?
Selangor — Median Condo Prices (NAPIC)
| 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
RM1,600–2,200
Based on similar properties in Selangor
Gross Rental Yield
4.0%–5.0%
Annual rental / property price
Area Price Trend
+8.9%
NAPIC data 2021–2025
Price-to-Income
4.2x
National avg: 6.8x
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
Similar projects in Selangor
| Project | Location | Price From | Status |
|---|---|---|---|
| Acacia Residences @ Salak Perdana, Sepang | Sepang | RM265k | New Launch |
| Rimba Heights, Bungalow Lots @ Bandar Tasik Puteri, Rawang | Rawang | RM267k | New Launch |
| M Sinar @ Southville City Mah Sing Group | Southville | RM270k | New Launch |
Why Consider
- • Located in Shah Alam, Selangor
- • Freehold title property
- • By Developer
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 NAPIC, 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.