glomac-damansara-residences by Glomac
Powered by verified data + DOSM
Generated 31 May 2026
Developer
Glomac
Location
Damansara, Kuala Lumpur
Type
Condominium/Apartment
Price
RM1.2 mil+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM1.2 million entry price is mid-to-premium range for Damansara condominiums; competitive positioning depends on unit size, finishes, and amenities, though freehold tenure provides long-term value retention.
- •**Location & Connectivity**: Damansara offers established residential appeal with shopping and dining options, but the absence of nearby MRT connectivity is a notable limitation compared to newer developments along transit corridors, relying instead on road-based access.
- •**Risk & Timing**: Unspecified completion timeline presents uncertainty for investors regarding cash flow timing and market conditions at launch; buyers should clarify project milestones and request detailed delivery schedules before commitment.
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
9.8x
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
RM10,234/mo
DOSM 2022
Mean Household Income
RM13,325/mo
DOSM 2022
Households Above RM8k
~58%
Estimated for Kuala Lumpur
Why Consider
- • Damansara prime location with established infrastructure and amenities
- • Glomac's reputable developer track record ensures quality construction
- • Freehold tenure provides long-term ownership security and value
- • Strong rental demand in sought-after Damansara residential area
- • Competitive pricing for well-connected Kuala Lumpur neighbourhood investment
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.