Palmwood 4
Powered by NAPIC + DOSM data
Generated 27 April 2026
Developer
SP Setia
Location
Johor, Johor
Type
Landed
Price
RM1.1 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Unit prices starting from RM1.11 million offer competitive positioning within the Johor landed property market, though the actual value proposition depends on lot size and built-up area, which require verification against comparable projects in the same locality.
- •**Location & Connectivity**: The project's Johor location necessitates reliance on personal vehicles due to the absence of nearby MRT infrastructure, limiting appeal to buyers prioritizing public transportation access and potentially restricting long-term capital appreciation in areas with stronger transit connectivity.
- •**Risk & Timing**: The absence of specified completion dates and tenure details introduces uncertainty regarding project timeline and property rights structure; buyers should seek clarification on these critical factors before commitment, as delayed completions or unclear tenure arrangements could impact investment returns and occupancy plans.
NewProjek Score
6.5
Moderate
- • Verified developer with established track record
- • Priced 164% above area median — premium pricing
Is this project priced fairly?
Johor — Median Condo Prices (NAPIC)
| 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%
NAPIC 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 NAPIC, 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.