glomac-centro-residences by Glomac
Powered by verified data + DOSM
Generated 15 July 2026
Developer
Glomac
Location
Kuala Lumpur, Selangor
Type
Condominium/Apartment
Price
RM597k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry-level pricing of RM596,700 offers reasonable accessibility for first-time buyers in the KL market, though actual value depends on unit size and specifications which are not detailed; competitive positioning unclear without comparable projects.
- •**Location & Connectivity**: Situated in Kuala Lumpur with freehold tenure, but absence of nearby MRT connectivity is a notable disadvantage; overall accessibility relies on road networks and other public transport modes, potentially limiting appeal to transit-dependent residents.
- •**Risk & Timing**: Completion timeline is unspecified, creating uncertainty regarding delivery schedules and investment returns; this lack of clarity on project phasing and handover dates presents a material consideration for purchasers planning finances or occupancy timelines.
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
4.6x
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
Why Consider
- • Freehold title offers permanent ownership and strong asset value
- • Glomac's established reputation ensures quality construction and reliability
- • Central Kuala Lumpur location provides excellent urban connectivity
- • Affordable entry price point for city centre living
- • High investment potential in prime commercial district 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.