Palmwood 4
Powered by verified data + DOSM
Generated 12 June 2026
Developer
SP Setia
Location
Johor, Johor
Type
Landed
Price
RM1.1 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Pricing**: RM1,110,095 entry point is competitive for landed properties in Johor and offers reasonable value for the property type, though affordability remains dependent on individual financial capacity and comparable pricing in the immediate vicinity.
- •**Location & Connectivity**: Johor's secondary location lacks MRT proximity, which may limit long-term appreciation and appeal to professionals requiring public transport access; connectivity relies on road networks and requires further assessment of nearby amenities and main expressway access.
- •**Risk & Timing**: Completion timeline and tenure details are unspecified, creating uncertainty for buyers regarding possession dates and land rights; SP Setia's track record is established, but clarity on these fundamentals is essential before proceeding with investment decisions.
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
- • Located in Johor, Johor
- • 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.