Kanopi Residences @ City of Elmina
Powered by verified data + DOSM
Generated 15 July 2026
Developer
Sime Darby Property
Location
City of Elmina, Shah Alam, Selangor
Type
Condominium/Apartment
Price
RM584k+
Tenure
Freehold
Completion
2028
NewProjek Verdict
- •**Pricing & Value**: RM584,000 entry price is competitive for Shah Alam's mid-range condominium market, offering reasonable value; however, final pricing depends on unit size and finishes, with completion in 2028 warranting consideration of potential price appreciation against construction risk.
- •**Location & Connectivity**: City of Elmina provides urban amenities within Shah Alam, but the absence of nearby MRT access limits public transportation convenience; road connectivity via major routes mitigates this constraint for car-dependent users, though future MRT extensions should be verified.
- •**Risk & Timing**: Extended 4-year construction timeline (to 2028) introduces development and financing risks typical of mega-projects; early-stage purchase offers potential appreciation but requires confidence in Sime Darby Property's execution track record and Shah Alam's continued economic development.
NewProjek Score
8
Worth Considering
- • Verified developer with established track record
- • 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
4.5x
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
Why Consider
- • Reputable developer Sime Darby Property ensures quality construction
- • Freehold tenure provides long-term ownership and investment security
- • City of Elmina offers comprehensive lifestyle amenities and facilities
- • Competitive pricing at RM584,000 for Shah Alam location
- • Strategic Shah Alam location near major employment centres
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.