iParc @ Johor (Factory)
Powered by verified data + DOSM
Generated 15 July 2026
Developer
Mah Sing Group
Location
Senai, Johor
Type
Commercial
Price
RM5.3 mil+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: RM5.25M entry point is competitive for industrial freehold property in the Johor manufacturing corridor, though lacking specified completion timeline creates uncertainty around actual delivery costs and potential price escalation.
- •**Location & Connectivity**: Senai benefits from established industrial infrastructure and proximity to the Port of Tanjung Pelepas, but absence of MRT connectivity and reliance on road transport may limit appeal to businesses prioritizing urban accessibility and future-proofing.
- •**Risk & Timing**: Unspecified completion date poses significant execution risk; investors should clarify development timeline before commitment, and broader economic conditions affecting Johor's industrial sector warrant monitoring given Malaysia's evolving manufacturing landscape.
NewProjek Score
7.5
Worth Considering
- • Verified developer with established track record
- • 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
56.7x
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
RM7,712/mo
DOSM 2024
Mean Household Income
RM9,484/mo
DOSM 2024
Households Above RM8k
~43%
Estimated for Johor
Why Consider
- • Senai strategic location near Port Klang and Singapore border
- • Freehold tenure ensures long-term ownership and asset appreciation
- • Mah Sing Group reputation guarantees quality construction and reliability
- • Industrial park setting attracts businesses and ensures steady tenancy
- • Competitive RM5.25M pricing offers strong value proposition currently
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.