Desa Palma Phase 11B3 (Astella Residences) by IJM Land
Powered by verified data + DOSM
Generated 31 May 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 the Kuala Lumpur market segment, offering reasonable value for freehold units, though pricing should be benchmarked against comparable nearby developments to confirm affordability positioning.
- •**Location & Connectivity**: Situated in Kuala Lumpur with no adjacent MRT access represents a moderate connectivity constraint; accessibility depends on proximity to bus routes, major roads, and future public transport expansion plans, which may limit appeal to transit-dependent buyers.
- •**Risk & Timing**: The absence of a specified completion date introduces execution risk and uncertainty for investors; buyers should seek clarification on timeline and track IJM Land's historical delivery performance before committing, as delays could impact rental income projections or resale 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
6.1x
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
RM9,983/mo
DOSM 2022
Mean Household Income
RM12,233/mo
DOSM 2022
Households Above RM8k
~56%
Estimated for Selangor
Why Consider
- • Located in Kuala Lumpur, Selangor
- • Freehold title property
- • By IJM Land
Risk Factors
- • Premium pricing relative to area median may limit resale upside
- • No MRT/LRT station listed nearby — may affect future demand
Sign in to view full review
Free forever. Get rental yield, loan eligibility, comparable projects and risk assessment.
Google sign-in or magic link • No password needed
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.