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Continue Reading ⋅ 30 January 2023
Located in Shah Alam, Selangor, the City of Elmina is a 6,500-acre integrated township along the Guthrie Corridor. The master-planned township comprises:
- Denai Alam – 1,000 acres
- Bukit Subang – 250 acres
- Elmina East – 1,088 acres
- Elmina West – 2,662 acres
- Elmina Business Park – 1,500 acres
After years of meticulous planning and investments on physical and social infrastructure, residents get to live in a township with wide roads for hassle-free traffic, acres of green space, jogging and cycling tracks, and even a community farm. The township has 1,118 acres of parkland, complemented by the Subang Forest Reserve nearby.
City of Elmina is Sime Darby Property’s pride and joy, and it has a 40-year development plan. This wellness-themed township is built based on 8 pillars of wellness – community, environmental, intellectual, family, occupational, physical, emotional, and mental wellness. There’s also commercial vibrancy upon the opening of commercial shop offices Elmina East and West.
Key features in City of Elmina:
- The 300-acre Elmina central park comprises 5 distinctive themed parks – community park, urban park, sports park, cultural park, and forest park
- Besides the Central Park, the township’s master plan includes a total of 480 acres of pocket parks all around its grounds
- The community park was completed in 2018, and it is a popular recreational spot for residents and public from neighbouring areas
- A dedicated area for community farming is available for homeowners to grow their own vegetables and herbs
- The first inclusive playground in Malaysia is built within the community park in collaboration with UNICEF Malaysia, to promote greater social cohesion
City of Elmina has a total gross development value (GDV) of RM27 billion, and it is divided into different precincts, with residential, commercial, and industrial components:
- Elmina Ridge
- Elmina Peak
- Elmina Valley (EV1, EV2, EV3, EV4, EV5)
- Elmina Crescent
- Elmina Central Park East
- Elmina City Square
- Elmina Central Park West
- Elmina Wellness Park
- Elmina City Center
- Elmina Garden
- Elmina Hills
- Elmina Green
Address: Denai Alam, City of Elmina, 40160 Shah Alam, Selangor
Developer: Sime Darby Property
Property Type: Mixed development
Land Area: 5,000 acres
Land Title: Mixed
Tenure: Freehold
Sales Gallery: Elmina Pavilion, Persiaran Eserina, Elmina East, Sek U16, 40160 Shah Alam, Selangor
Targeted Completion: Year 2042
Awards:
2021
- EdgeProp – ILAM Malaysia’s Sustainable Landscape Awards: Editor’s Choice for Malaysia’s Exemplary Sustainable Community Park Winner in Landscape Planning Category – Elmina Central Park
2020
- ILAM Malaysia Landscape Architecture Awards (MLAA): Excellence Award in Landscape and Study Awards Professional Category – Elmina Sports Park
- International Federation of Landscape Architects (IFLA): Honour Award in Landscape Master Plan Award Developer Category – City of Elmina Master Plan
2019
- Property Insight Prestigious Developer Awards (PIPDA): Best Sustainable Township Development & Best Wellness Township Development
2018
- Malaysia Institute of Planners Planning Excellence Awards (MIPPEA): Design Excellence Award – Elmina West
- PropertyGuru Asia Property Awards Malaysia: Winner in Best Township Development, Winner in Best Landscape Architectural Design, and Highly Commended in Best Township Development
- iProperty Development Excellence Awards (iDEA): Wellness Living Innovation Award
2017
- The StarProperty Awards: Winner in The Five Element Award – Best Comprehensive Township, and Merit in The WOW Award – Most Iconic Development
- ILAM Malaysia Landscape Architecture Awards (MLAA): Excellence Award in Landscape Analysis and Study Awards, and Professional Category – Elmina East Landscape Master Plan
- JCI Malaysia Sustainable Development Awards: Winner in Sustainable Category – UN Sustainability Goals #13
Project Details
City of Elmina is home to a 300-acre Central Park and wellness community complex, 90km cycling and jogging track, and commercial hubs at Elmina East and West. Thus, this makes City of Elmina a self-sustaining city with investment growth potential.
The City of Elmina embraces the existing forest and waterways, and places great emphasis on conserving native flora and fauna. To protect nature’s gifts to the township, Sime Darby Property has teamed up with various non-governmental organisations for a number of sustainability initiatives.
One such project is the Elmina Rainforest Knowledge Centre (ERKC) and Endangered, Rare and Threatened (ERT) Native Tree Nursery, in collaboration with Tropical Rainforest Conservation and Research Centre (TRCRC). ERKC is connected to the 2,700-acre Subang Forest Reserve, and it will be a centre of environmental education and conservation, research and development, promotion of eco-tourism, and other green activities. The ERT Nursery will nurture up to 100,000 threatened species under the International Union for Conservation of Nature (IUCN) Red List.
Sime Darby Property has also collaborated with UNICEF Malaysia to set up the country’s first Inclusive Playground at the township’s Central Park. This playground promotes equal play for all children, and creates opportunities for inter-generational interaction within families.
Additionally, Sime Darby Property has collaborated with TNBX Sdn Bhd, a subsidiary of Tenaga Nasional Berhad, to install PhotoVoltaic (PV) solar panels to Ilham Residence homes, where residents will be able to sell excess energy to TNB under the Net Energy Metering (NEM) scheme. It is estimated that a total of 1MW of green energy will be generated based on the solar panels on all Ilham Residence units, saving homeowners about up to 50% for electricity bills of more than RM200.
Following a similar approach is the Elmina Business Park. What sets the business park apart is its young and vibrant surroundings, which caters to both businesses and people. The Elmina Business Park will include greenery, lakes, recreational, and renewable energy facilities, for a balanced eco-friendly environment that allows business owners and employees to recharge amongst nature. With the business park within the township, the developer aims to create job opportunities for the growing population in and around City of Elmina.
Elmina Business Park is a 1,500-acre freehold master-planned industrial estate. It has high-speed internet broadband and 24-hour security monitoring within the managed industrial park. It also has administrative and staff facilities such as a Business Support Centre, spacious co-working spaces, with a 88-acre linear park. Other recreational amenities could include a futsal centre, jogging and cycling tracks, and an outdoor amphitheatre.
Here’s a glance at some of the projects in City of Elmina:
- Elmina Valley Five – 2-storey link homes from RM816,199
- Elmina Green Four – 2-storey link homes, from RM778,888
- Elmina Green Three – 2-torey terrace house, from RM776,888
- Elmina Green Two – Rumah Selangorku project
- Elmina Green 1 – 2-storey terrace house, from RM683,888
- Reesia @ Elmina Gardens – Semi-detached, from RM1,653,137
- Hevea @ Elmina Gardens – Semi-detached / bungalow, from RM1,884,888
- Ilham Residence @ Elmina Grove – 2-storey linked homes, from RM642,888
- Temu – Shop office, from RM1,760,000
Location
The City of Elmina is a freehold township, located at the north-west of the Klang Valley. It is connected to major highways including Guthrie Corridor Expressway (GCE), New Klang Valley Expressway (NKVE), North-South Expressway Central Link (ELITE), KL-Kuala Selangor Expressway (LATAR), North-South Expressway Central Link (ELITE), Damansara-Puchong Expressway (LDP), and Damansara-Shah Alam Highway (DASH) which shortens commute time from the City of Elmina to Kuala Lumpur to just about 20 minutes.
These routes put City of Elmina approximately:
- 10km from Kota Damansara, Bukit Jelutong, and Sungai Buloh
- 12km from Subang Airport
- 16km from Ara Damansara
- 18km from Petaling Jaya
- 20km from Subang Jaya
- 29km from Klang
The award-winning township is a highly sought-after address within the Greater Klang Valley and is part of the new growth area along the GCE.
Accessibility
- Guthrie Corridor Expressway (GCE) – 2.4km
- Kuala Lumpur-Kuala Selangor Expressway (LATAR) – 14.5km
- New Klang Valley Expressway (NKVE) – 14.6km
- North-South Expressway Central Link (ELITE) – 14.6km
- Damansara-Puchong Expressway (LDP) 15.2km
- Damansara-Shah Alam Highway (DASH)
- Jalan Lapangan Terbang Subang
- Subang Airport Terminal – 10.5km
- MRT Kwasa Sentral
- KTM Skypark Link
- Rapid Shuttle Bus to MRT Kwasa Sentral
Education
- SRK Bukit Subang – 3.2km
- HELP International School & University – 3.6km
- Sekolah Seri Cahaya – 6.9km
- SEGi University – 11.9km
- U4 Sekolah Kebangsaan
- Sekolah Menengah Kebangsaan Bukit Jelutong
- REAL Schools, Shah Alam Campus
- Greenview Islamic School Bukit Jelutong
- Sekolah Menengah Kebangsaan Subang Bestari
- Management and Science University
Medical Care
- Thomson Hospital Kota Damansara
- Putra Medical Centre Bukit Rahman Putra – 8.1km
- Ara Damansara Medical Centre – 11.1km
- Tropicana Medical Centre – 11.4km
Shopping
- AEON Shah Alam
- Giant Hypermarket Shah Alam Stadium
- Mydin Bukit Jelutong
- Star Avenue Lifestyle Mall
- Pasaraya SEGI
- Sunway Giza Mall – 12.8km
- Citta Mall – 13.3km
- Paradigm Mall
- 1 Utama – 15.7km
- The Curve – 16.2km
- IKEA Damansara – 18.9km
- Setia City Mall – 23.7km
Recreation
- Denai Alam Recreational and Riding Club – 5.8km
- 300-acre Elmina Central Park
- Denai Alam Lake
- Monterez Golf & Country Club – 8km
- Kelab Rekreasi Tentera Udara – 9.8km
- Kelab Golf Seri Selangor – 12.7km
- Saujana Golf & Country Club – 12.9km
- Sultan Abdul Aziz Shah Golf & Country Club
- Guthrie Golf Academy Pitch & Putt Course
- Taman Botani Negara Shah Alam
Analysis
Sime Darby Property’s first Signature Series homes in the City of Elmina is Elmina Green Four, comprising 2-storey linked homes in the Elmina Green precinct. The first phase of Elmina Green Four will be launched in March 2021. The prices start from RM778,888 before rebates. These units cater to homeowners’ changing needs, with flexible living spaces that allow homeowners to choose to turn flexible spaces into a study or display area, a home office, an additional bedroom, a home gym or a spacious family area.
City of Elmina is dedicated to wellness and liveability, offering the community an environment where they can live a well-balanced lifestyle while being close to nature and flourishing symbiotically together. Thus, it is no surprise that homebuyers have responded positively to the launches in City of Elmina. For example, Elmina Green Three garnered over 85% take-up rate within 15 minutes, while Ilham Residence had 75% take-up upon its launch.
Available listings in PropertyGuru in May 2021 for Elmina Green 1 show that the asking monthly rental for 2,001 sq ft units are about RM1,500, while purchase prices are asking from RM670,600 to RM850,000.
For units purchased at RM740,000, and rented out at RM1,500 per month, the gross rental yield would be 2.43% per annum.
Here’s a look at residential properties in or close to Shah Alam.
|
Project |
Land Tenure |
Property Type |
Completion |
Built-up |
Approximate Launch Price |
|
Elmina Green Four @ City of Elmina by Sime Darby Property |
Freehold |
2-storey terrace house |
2023 |
2,051 sq ft – 2,633 sq ft |
From RM778,888 |
|
Habitus @ City of Elmina by Newfields Group |
Freehold |
Serviced Apartment |
2023 |
451 sq ft – 998 sq ft |
From RM305,000 |
|
DK Impian by DK Properties Sdn Bhd |
Leasehold |
SoHo |
2020 |
583 sq ft – 893 sq ft
|
From RM350,000 |
|
Embayu @ Damansara West by PRG Holdings Berhad |
Leasehold |
Condominium |
2022 |
1,000 sq ft – 1,213 sq ft
|
From RM460,000 |
|
Nadayu 801 @ Subang Murni by Nadayu Properties Berhad |
Leasehold |
Apartment |
2022 |
1,033 sq ft – 1,151 sq ft |
From RM794,000 |
|
Arca by JAG Land Berhad |
Freehold |
Condominium |
2021 |
913 sq ft – 1,018 sq ft |
From RM537,000 |
|
Cora @ Eco Ardence by Ecoworld |
Freehold
|
Double-storey semi-detached |
2022 |
2,567 sq ft
|
From RM1.9 million |
|
Seiring Residensi @ Damaisuria by Titijaya Land Berhad |
Freehold |
Service Apartment |
2023 |
668 sq ft – 972 sq ft |
From RM459,000 |
|
Ilham Residence at Elmina Grove by Sime Darby Property |
Freehold |
2-storey link houses |
2023 |
1,387 sq ft – 2,341 sq ft |
From RM583,999 (after discounts and rebates) |
Summary
The RM27 billion City of Elmina has come a long way since 2013. Today, it is a township that embodies Sime Darby Property’s sustainability goals and is a benchmark for many of the Group’s projects. When City of Elmina is completed, there will be 36,600 residential units and an expected population of 150,000.
If you’re interested in a 2,001 sq ft unit at Elmina Green 1 that’s priced at RM740,000, here are its estimated loan figures.
- LTV / margin of finance: 90%
- Down payment (10%): RM74,000
- Loan amount: RM666,000
- Loan term: 30 years
- Interest rate: 3.2%
- Monthly repayment: RM2,991
- Approximate required gross annual income: RM115,500*
Want to change the loan figures? Use these calculators:
Can you afford the loan for this property?
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*Assumptions: No other monthly debt obligations, and 30% of gross income spent on the home loan. As a rule of thumb, banks usually loan up to 30% of your gross annual income.
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