Lakeside Residences by Glomac
Powered by verified data + DOSM
Generated 1 June 2026
Developer
Glomac
Location
Puchong, Selangor
Type
Condominium/Apartment
Price
RM790k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Priced from RM789,780 with freehold tenure, the project offers competitive entry-level pricing for the Puchong market, though actual value depends on unit size, finishes, and amenities which require detailed comparison with similar developments in the vicinity.
- •**Location & Connectivity**: Puchong provides established residential infrastructure and road access via major highways (LDP, Klia Expressway), but the absence of nearby MRT connectivity limits public transportation options and may impact long-term accessibility compared to emerging transit-oriented developments in Selangor.
- •**Risk & Timing**: The unspecified completion timeline presents a timing risk for buyers; lack of a defined handover date creates uncertainty for occupation planning and potential rental income projections, warranting clarification from Glomac before purchase commitment.
NewProjek Score
6.5
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 61% above area median — premium pricing
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
RM2,500–3,400
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
6.6x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| 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
- • Located in Puchong, Selangor
- • Freehold title property
- • By Glomac
Risk Factors
- • Under construction — completion delays are possible
- • 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.