Independent buyer guide. Written by DMS Jason Chan (REN 78007). DMS Team markets D’Parc Alam Damai and Residensi Lestari and is paid by their developers; the other options on this page are listed so you can compare fairly. Figures for projects we do not market come from public listings and are indicative. Confirm every figure before you rely on it.
Quick answer: For a new condo in Cheras under RM500,000, the main launch is D’Parc Alam Damai (Maxim Global, 580 to 811 sq ft, SPA from RM298,000, beside the Alam Damai Recreational Park). The alternatives are PR1MA Residensi Alam Damai (completed, with eligibility rules and a resale moratorium), older completed condos near UCSI (move in now, more upkeep) and, for more space in Cheras South, the freehold Residensi Lestari townhouses from RM701,500.
D’Parc and Residensi Lestari figures are from the developers’ sales material. The others are indicative figures from public listings.
| D’Parc Alam Damai | PR1MA Residensi Alam Damai | Older secondary condos (e.g. Angkasa) | Residensi Lestari, Balakong | |
|---|---|---|---|---|
| Type | New launch serviced residence | Government affordable housing, completed | Completed condo | New launch townhouse |
| Tenure | Leasehold | Leasehold (per portal listing) | Freehold (Angkasa) | Freehold |
| Size | 580 sq ft (2 bed), 680 and 811 sq ft (3 bed) | About 662 to 1,048 sq ft (per portal listing) | From about 920 sq ft (Angkasa) | 3 bedrooms, 1,560 to 2,310 sq ft total space |
| Price (indicative) | SPA from RM298,000 | Resale listings roughly RM260,000 to RM450,000 (per portal listing) | Varies by unit; check current listings | SPA from RM701,500 |
| Who can buy | Open to all buyers | Eligibility criteria and a resale moratorium apply; check current terms with PR1MA | Open to all buyers | Open to all buyers |
| Rail | Free shuttle to Cheras Sentral MRT and UCSI | Not confirmed | Walking distance to UCSI | Not confirmed |
| Completion | Around 2030 | Completed around 2017 (per portal listing) | Completed 2006 (Angkasa) | Targeted August 2029 |
Prices are SPA or listing prices, not nett prices, and change over time. “Per portal listing” means the figure comes from a property portal and is not confirmed by the developer. Sources checked 2 October 2026: StarProperty (Angkasa Condominiums), EdgeProp (PR1MA moratorium).
A new serviced residence next to the 35-acre Alam Damai Recreational Park. Three layouts: 580 sq ft with 2 bedrooms, and 680 or 811 sq ft with 3 bedrooms. SPA prices start from RM298,000, though units at the entry price are limited. More than 40 facilities, and a free shuttle to Cheras Sentral MRT and UCSI University.
Suits: first-home buyers, young families and investors renting to the UCSI catchment.
Think twice if: you need to move in before 2030, or you want freehold.
A completed PR1MA development, so units come up on the resale market, with portal listings roughly from RM260,000 to RM450,000 and sizes from about 662 to 1,048 sq ft. Eligibility criteria and a resale moratorium apply, so it suits an owner-occupier who qualifies and plans to stay. Check the current terms with PR1MA.
Completed condos such as Angkasa Condominiums (freehold, completed 2006, units from about 920 sq ft) usually cost less per square foot than a new launch, and you can move in at once. Budget for renovation and check the condition of lifts and common areas before you commit.
Every Cheras option under RM400,000 · New launch vs subsale in Cheras
Not a condo: 109 freehold townhouses with 3 bedrooms and 2 car parks, from 1,560 to 2,310 sq ft of total space, SPA from RM701,500, with handover targeted for August 2029. Worth a look if your budget is higher and you want more room than a high-rise unit.
Not sure which fits your budget? Tell me your income, commitments and whether it is for own stay or investment. I will check your loan eligibility first and tell you honestly which option suits you.
More detail in the Alam Damai property guide, is Cheras a good place to live and condos near UCSI.
Taman Desa condo guide · Kuchai Lama condo guide · Old Klang Road condo guide · First home buyer guide
Looking near Pandan Indah LRT instead? See Axis Crown, Ampang, a completed service apartment with units you can view now.
New launch D’Parc Alam Damai has SPA prices from RM298,000. Resale units at PR1MA Residensi Alam Damai list from roughly RM260,000 to RM450,000. Prices are indicative and change.
Yes. D’Parc Alam Damai starts from RM298,000 (SPA) for a 580 sq ft 2-bedroom unit, with 3-bedroom layouts at 680 and 811 sq ft.
A first residential property priced at RM500,000 or below is exempt from stamp duty on the transfer and the loan agreement, for sale and purchase agreements signed from 1 January 2026 to 31 December 2027. Confirm your eligibility before you book.
No. D’Parc Alam Damai is leasehold.
D’Parc Alam Damai runs a free shuttle to UCSI University and Cheras Sentral MRT. Older condos such as Angkasa are within walking distance of UCSI.
Want the current D’Parc price list and available units?
Independent buyer guide by DMS Jason Chan, REN 78007, EUM Realty Sdn Bhd [E(1)1708]. All figures are indicative and subject to the developers’ terms and the sale and purchase agreement. Figures for projects not marketed by DMS Team come from public listings and may be out of date. Nothing on this page is financial advice, and no return or appreciation is implied or guaranteed.