Palmwood 4
Powered by verified data + DOSM
Generated 27 July 2026
Developer
SP Setia
Location
Johor, Johor
Type
Landed
Price
RM1.1 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Pricing** is competitive for Johor landed properties at the RM1.1M entry point, offering reasonable value relative to current market rates, though final assessment requires comparison with similar developments in the same locality.
- •**Location and connectivity** are moderate—the project lacks direct MRT access which limits public transportation options, though Johor's road networks generally support vehicle-dependent commuting patterns; proximity to commercial centers and amenities requires further verification.
- •**Timing and completion risk** are significant concerns, as neither tenure details nor completion timeline are specified, creating uncertainty around financing structures (freehold vs. leasehold) and occupancy timelines that should be clarified 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
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
- • Strategic Johor location with strong economic growth potential
- • Reputable SP Setia developer ensures quality construction standards
- • Affordable landed property entry point under RM1.2 million
- • Landed homes offer privacy and long-term appreciation value
- • Growing Johor property market presents solid investment returns
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
Sign in to view full review
Free forever. Get rental yield, loan eligibility, comparable projects and risk assessment.
Google sign-in or magic link • No password needed
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.