glomac-damansara-residences by Glomac
Powered by verified data + DOSM
Generated 15 July 2026
Developer
Glomac
Location
Damansara, Kuala Lumpur
Type
Condominium/Apartment
Price
RM1.2 mil+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Starting price of RM1.2 million positions this project in the mid-to-upper segment for Damansara; competitive relative to comparable freehold developments, though final value depends on unit specifications and finishes.
- •**Location & Connectivity**: Damansara offers established commercial and residential amenities with good road accessibility; however, the absence of proximate MRT connectivity may limit appeal to public transport-dependent buyers and could impact long-term demand compared to rail-adjacent projects.
- •**Risk & Timing**: Lack of specified completion date creates uncertainty for investors regarding timeline and returns; recommend clarifying project milestones and developer track record before commitment, particularly in the current market where delivery delays present moderate risk.
NewProjek Score
7
Worth Considering
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 41% above area median — premium pricing
Is this project priced fairly?
W.P. Kuala Lumpur — Median Condo Prices (Verified)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM780,000 | — |
| 2022 | RM800,000 | +2.6% |
| 2023 | RM820,000 | +2.5% |
| 2024 | RM835,000 | +1.8% |
| 2025 | RM850,000 | +1.8% |
Est. Monthly Rental
RM4,100–5,500
Based on similar properties in Kuala Lumpur
Gross Rental Yield
4.3%–5.3%
Annual rental / property price
Area Price Trend
+9%
Verified data 2021–2025
Price-to-Income
9.3x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | No |
| 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 Kuala Lumpur
Median Household Income
RM10,802/mo
DOSM 2024
Mean Household Income
RM13,985/mo
DOSM 2024
Households Above RM8k
~61%
Estimated for Kuala Lumpur
Why Consider
- • Damansara prime location in established Kuala Lumpur neighbourhood
- • Freehold tenure offers long-term ownership and investment security
- • Glomac reputable developer with track record of quality
- • Strategic accessibility to Damansara's commercial and retail hubs
- • Strong capital appreciation potential in sought-after 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.