Kanopi Residences @ City of Elmina
Powered by verified data + DOSM
Generated 31 May 2026
Developer
Sime Darby Property
Location
City of Elmina, Shah Alam, Selangor
Type
Condominium/Apartment
Price
RM584k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM584,000 entry price is competitive for the Shah Alam market, offering reasonable value for freehold tenure; however, pricing should be validated against comparable projects in City of Elmina to assess whether premium positioning is justified relative to finishes and amenities.
- •**Location & Connectivity**: Shah Alam location provides established infrastructure and accessibility via major roads, but the absence of nearby MRT connectivity is a notable limitation that may impact long-term rental appeal and buyer convenience compared to projects along transit corridors.
- •**Risk & Timing**: Unspecified completion timeline presents execution risk and uncertainty for investors regarding returns; further clarification from Sime Darby Property on delivery date is essential before commitment, particularly given current market conditions and potential cost escalation.
NewProjek Score
6.8
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 19% above area median
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
RM1,900–2,500
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
4.9x
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
Why Consider
- • Strategic location in City of Elmina, Shah Alam's integrated township
- • Freehold tenure offers long-term ownership security and investment value
- • Reputable Sime Darby Property developer ensures quality construction standards
- • Competitive pricing at RM584,000 for modern condominium living
- • Proximity to commercial, retail, and amenities within City of Elmina
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.