Plazakelana Jaya Shop Offices by Glomac
Powered by verified data + DOSM
Generated 17 July 2026
Developer
Glomac
Location
Kelana Jaya, Selangor
Type
Commercial
Price
RM305k+
Tenure
Freehold
Completion
2022
NewProjek Verdict
- •**Value & Pricing**: RM305,000 entry price is competitive for shop office units in the Klang Valley mid-tier commercial segment, offering reasonable value for investors seeking affordable commercial property, though pricing competitiveness depends on unit size and specification comparisons with nearby alternatives.
- •**Location & Connectivity**: Kelana Jaya benefits from established infrastructure and proximity to major commercial nodes, but the absence of direct MRT connectivity is a notable limitation for tenant attraction and long-term capital appreciation, particularly as public transport becomes increasingly central to commercial viability in Selangor.
- •**Risk & Timing**: The absence of a specified completion date presents execution and liquidity risk; investors should seek clarity on development timeline and market absorption rates, as commercial property cycles are sensitive to economic conditions and rental demand can fluctuate significantly during extended development periods.
NewProjek Score
8.2
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
RM1,000–1,300
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
2.4x
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
Similar projects in Selangor
| Project | Location | Price From | Status |
|---|---|---|---|
| Sky Curve SP Setia | — | RM180k | Under Construction |
| TRIO by Setia (Block A) SP Setia | — | RM216k | Completed |
| TRIO by Setia (Block B) SP Setia | — | RM216k | Completed |
Why Consider
- • Established Kelana Jaya location with strong commercial demand
- • Freehold tenure ensures long-term asset appreciation potential
- • Glomac's proven track record in quality developments
- • High foot traffic area ideal for retail business
- • Strategic position in Klang Valley commercial hub
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.