Desa Palma Phase 11B2 (Astella Residences) by IJM Land
Powered by verified data + DOSM
Generated 15 July 2026
Developer
IJM Land
Location
Kuala Lumpur, Selangor
Type
Condominium/Apartment
Price
RM733k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM733,000 entry price is competitive for a freehold condominium in the greater KL area, though pricing appears mid-to-upper range depending on unit size and finishes; represents reasonable value if amenities and construction quality align with IJM Land's established standards.
- •**Location & Connectivity**: Situated in Kuala Lumpur/Selangor corridor but lack of nearby MRT access is a notable limitation; connectivity depends on proximity to main roads and bus networks, potentially requiring private transport for efficient access to major employment centers and transit hubs.
- •**Risk & Timing**: Completion timeline unspecified presents uncertainty for buyers requiring move-in dates or investment returns; standard development risks apply, mitigated somewhat by IJM Land's track record, though freehold tenure provides long-term security despite near-term execution visibility concerns.
NewProjek Score
7
Worth Considering
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 50% 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
RM2,300–3,200
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
5.7x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | Stretch |
| 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
Why Consider
- • Established Desa Palma community with proven track record
- • Freehold tenure provides long-term ownership and appreciation
- • IJM Land's reputation ensures quality construction standards
- • Competitive pricing for Kuala Lumpur condominium investment
- • Prime Selangor location near major employment hubs
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.