The resource cannot be by Glomac
Powered by verified data + DOSM
Generated 15 July 2026
Developer
Glomac
Location
Kuala Lumpur, Selangor
Type
Condominium/Apartment
Price
RM500k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Entry point of RM500,000 is competitive for KL condominium market, though value proposition depends on unit specifications and amenities; moderate pricing suggests mid-range positioning rather than premium segment.
- •**Location & Connectivity**: Absence of nearby MRT access is a significant disadvantage in current KL landscape where public transport integration drives property demand; location desirability and long-term appreciation potential depend heavily on alternative connectivity and proximity to employment centers.
- •**Risk & Timing**: Completion timeline not specified represents a material risk for buyers; lack of defined delivery schedule complicates financial planning and raises concerns about project momentum and developer commitment to timely delivery.
NewProjek Score
7.5
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 (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
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%
Verified data 2021–2025
Price-to-Income
3.9x
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
RM10,726/mo
DOSM 2024
Mean Household Income
RM13,296/mo
DOSM 2024
Households Above RM8k
~60%
Estimated for Selangor
Similar projects in Selangor
| Project | Location | Price From | Status |
|---|---|---|---|
| Garden Boulevard @ Cyberjaya Mah Sing Group | Cyberjaya | RM256k | Under Construction |
Why Consider
- • Prime Kuala Lumpur location with strong long-term appreciation potential
- • Freehold tenure ensures permanent ownership and wealth building
- • Reputable Glomac developer known for quality construction standards
- • Strategic Selangor position offers excellent connectivity and accessibility
- • Condominium living with modern amenities in vibrant area
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.