iParc @ Johor (Factory)
Powered by verified data + DOSM
Generated 31 May 2026
Developer
Mah Sing Group
Location
Senai, Johor
Type
Commercial
Price
RM5.3 mil+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM5.25 million entry point is competitive for modern industrial space in Johor, though lack of specified completion timeline creates uncertainty around actual delivery costs and potential price escalation.
- •**Location & Connectivity**: Senai offers strategic positioning within Johor's established industrial corridor with highway access, but absence of MRT connectivity limits appeal to occupants reliant on public transport and may restrict future tenant pool compared to locations with planned rail links.
- •**Risk & Timing**: Undefined completion date presents material risk regarding capital deployment timeline and market conditions upon handover; investors should seek clarity on project milestones before commitment, particularly given current interest rate environment affecting financing costs.
NewProjek Score
6.5
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 1282% 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
RM20,500–27,700
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
63.6x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | No |
| RM10,000 | RM1.5 mil | No |
| RM15,000 | RM2.3 mil | No |
| RM20,000 | RM3.2 mil | No |
Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin
DOSM income data for Johor
Median Household Income
RM6,879/mo
DOSM 2022
Mean Household Income
RM8,517/mo
DOSM 2022
Households Above RM8k
~39%
Estimated for Johor
Why Consider
- • Strategic Senai location near major highways and logistics hub
- • Freehold tenure ensures long-term asset ownership and value
- • Reputable Mah Sing Group developer with proven track record
- • Industrial property ideal for manufacturing and warehousing operations
- • Strong investment potential in growing Johor economic corridor
Risk Factors
- • Under construction — completion delays are possible
- • 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.