Palmwood 4
Powered by verified data + DOSM
Generated 25 May 2026
Developer
SP Setia
Location
Johor
Type
2-sty terrace/link house
Price
RM1.1 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry price of RM1.11 million is competitive for 2-storey terrace units in Johor's mid-range segment, though pricing appears aggressive without tenure details and completion timeline specified, raising questions about actual value proposition and developer credibility markers.
- •**Location & Connectivity**: Absence of nearby MRT access limits connectivity appeal compared to projects near Johor Bahru's transit corridors; location viability depends heavily on proximity to highways and local amenities, which are not detailed, potentially constraining resale demand.
- •**Risk & Timing**: Undisclosed completion date and tenure information present material risks for purchasers regarding timeline certainty and long-term ownership rights; lack of transparency on these critical details suggests incomplete project documentation or marketing materials that warrant clarification before commitment.
NewProjek Score
5.5
Moderate
- • Developer verification status not confirmed
- • Priced 164% 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
RM4,300–5,900
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
13.4x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | Stretch |
| 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
RM6,879/mo
DOSM 2022
Mean Household Income
RM8,517/mo
DOSM 2022
Households Above RM8k
~39%
Estimated for Johor
Why Consider
- • By SP Setia
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.