glomac-centro-residences by Glomac
Powered by verified data + DOSM
Generated 31 May 2026
Developer
Glomac
Location
Kuala Lumpur, Selangor
Type
Condominium/Apartment
Price
RM597k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Unit prices starting from RM596,700 are competitive for the Kuala Lumpur market segment, though value depends on final built-up area and finishes; investors should compare per-square-foot metrics against comparable developments in the same locality.
- •**Location & Connectivity**: The project lacks direct MRT access, which may limit appeal for public transport-dependent buyers; connectivity relies on nearby road networks and bus services, potentially reducing long-term demand compared to MRT-proximate developments.
- •**Risk & Timing**: Completion timeline is not specified, creating uncertainty around project delivery and market conditions at handover; this ambiguity warrants clarification from the developer before commitment, particularly given market volatility.
NewProjek Score
7.3
Worth Considering
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 22% above 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
RM1,900–2,600
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
5.0x
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
Why Consider
- • Freehold title in prime Kuala Lumpur location
- • Glomac's established reputation as trusted Malaysian developer
- • Strategic KL positioning for connectivity and accessibility
- • Strong investment potential in growing urban market
- • Modern residential development in high-demand area
Risk Factors
- • 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.