plazakelana-jaya by Glomac
Powered by verified data + DOSM
Generated 31 May 2026
Developer
Glomac
Location
Kuala Lumpur, Selangor
Type
Condominium/Apartment
Price
RM383k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry-level pricing from RM383,000 offers affordable access to the Klang Valley market, though the absence of published completion timelines may complicate investment ROI projections and financing planning.
- •**Location & Connectivity**: Plaza Kelana Jaya benefits from established township infrastructure and proximity to commercial amenities, but the lack of nearby MRT connectivity limits public transport access compared to newer developments along the Klang Valley MRT corridor.
- •**Risk & Timing**: The non-specification of completion date presents execution risk and potential delays in occupancy; investors should request detailed timelines and clarify developer track record before commitment, particularly important given Malaysia's construction sector delays.
NewProjek Score
8
Worth Considering
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced below area median — potential value opportunity
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
RM1,200–1,700
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
3.2x
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
Similar projects in Selangor
| Project | Location | Price From | Status |
|---|---|---|---|
| Saujana Rawang by Glomac Glomac | Rawang | RM200k | Under Construction |
| Seri Seraya @ Puncak Bestari, Puncak Alam | Affordable Homes | Puncak Alam | RM205k | Completed |
| TRIO by Setia (Block A) SP Setia | — | RM216k | Under Construction |
Why Consider
- • Located in Kuala Lumpur, Selangor
- • Freehold title property
- • By Glomac
Risk Factors
- • Under construction — completion delays are possible
- • 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.