Palmwood 4
Powered by verified data + DOSM
Generated 9 July 2026
Developer
SP Setia
Location
Johor
Type
2-sty terrace/link house
Price
RM1.1 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value/Pricing**: The entry price of RM1,110,095 positions Palmwood 4 competitively within the mid-range terrace house segment for Johor, offering reasonable value relative to built-up area and developer credentials, though the lack of premium finishes justifies the positioning.
- •**Location/Connectivity**: The Johor location provides accessibility via major highways and arterial roads; however, the absence of nearby MRT connectivity limits long-term public transport convenience and may impact resale appeal as transportation infrastructure develops.
- •**Risk/Timing**: Developer SP Setia's track record mitigates execution risk, but the non-disclosure of completion timeline creates uncertainty for investors planning cash flow or occupancy; market sentiment in Johor's residential sector warrants monitoring given broader economic conditions.
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
12.0x
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
RM7,712/mo
DOSM 2024
Mean Household Income
RM9,484/mo
DOSM 2024
Households Above RM8k
~43%
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.