Desa Palma Phase 11B3 (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
- •**Pricing & Value**: Unit prices starting from RM733,000 position this project in the mid-range segment for Kuala Lumpur; value proposition depends on specific unit sizes and finishes, with freehold tenure providing ownership security, though pricing competitiveness requires comparison with similar-sized projects in the same locality.
- •**Location & Connectivity**: The absence of nearby MRT connectivity is a significant limitation for urban commuters; accessibility relies on road networks and alternative public transport, which may impact convenience and long-term demand, particularly given the shift toward transit-oriented developments in Kuala Lumpur.
- •**Risk & Timing**: Lack of specified completion timeline creates uncertainty regarding project delivery and occupancy dates; this delays rental income or owner occupation plans and introduces execution risk, particularly important for investors requiring clear exit strategies or end-user occupancy timelines.
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 offers long-term value and ownership security
- • IJM Land reputation ensures quality construction and completion
- • Competitive pricing in Kuala Lumpur condominium market segment
- • Strategic location near commercial and residential amenities
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.