Desa Palma Phase 12A (Nasa Avenue 2) by IJM Land
Powered by verified data + DOSM
Generated 13 October 2026
Developer
IJM Land
Location
Johor Bahru, Johor
Type
Condominium/Apartment
Price
RM733k+
Tenure
Freehold
Completion
2025
NewProjek Verdict
- •Pricing & Value: RM733,000 entry price positions this project competitively within the mid-range segment; however, value assessment is constrained by limited comparable data and the absence of specified completion timeline, which typically affects investor confidence and resale projections.
- •Location & Connectivity: The project's Kuala Lumpur address offers urban accessibility, but the absence of nearby MRT connectivity is a notable disadvantage compared to transit-oriented developments, potentially limiting appeal to commuters and long-term capital appreciation prospects.
- •Risk & Timing: The lack of a specified completion date presents execution and delivery risk; combined with IJM Land's track record, investors should seek clarification on timelines before commitment, as delayed projects can impact financing costs and market entry timing.
NewProjek Score
7.2
Worth Considering
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 93% above area median — premium pricing
Is this project priced fairly?
Johor — Median Condo Prices (Verified)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM350,000 | — |
| 2022 | RM358,000 | +2.3% |
| 2023 | RM365,000 | +2.0% |
| 2024 | RM372,000 | +1.9% |
| 2025 | RM380,000 | +2.2% |
Est. Monthly Rental
RM2,900–3,900
Based on similar properties in Johor
Gross Rental Yield
5.0%–6.0%
Annual rental / property price
Area Price Trend
+8.6%
Verified data 2021–2025
Price-to-Income
7.9x
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 Johor
Median Household Income
RM7,712/mo
DOSM 2024
Mean Household Income
RM9,484/mo
DOSM 2024
Households Above RM8k
~43%
Estimated for Johor
Similar projects in Johor
| Project | Location | Price From | Status |
|---|---|---|---|
| Laman Bayu @ Bandar Putera Indah, Batu Pahat | Batu Pahat | RM369k | Completed |
| Meridin @ Medini Mah Sing Group | Iskandar Puteri | RM379k | Under Construction |
| Meridin Bayvue UEM Sunrise | Iskandar Puteri | RM388k | Completed |
Why Consider
- • Freehold title offers long-term ownership security and value
- • IJM Land's reputation ensures quality construction and reliability
- • Kuala Lumpur location provides strong rental and appreciation potential
- • Affordable entry price at RM733,000 for urban living
- • Established Desa Palma community offers mature infrastructure and amenities
Risk Factors
- • Premium pricing relative to area median may limit resale upside
- • 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.