Property Review

Piccolo @ Bandar Putra Kulai, Johor

Powered by NAPIC + DOSM data

Generated 29 April 2026

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Executive Summary

Developer

Location

Kulai, Johor

Type

Landed House

Price

RM528k+

Tenure

Freehold

Completion

NewProjek Verdict

  • **Value & Pricing**: Entry-level pricing of RM528,000 positions this project competitively within the affordable housing segment for Johor, though long-term appreciation potential appears moderate given the mid-range market positioning and lack of premium amenities differentiation.
  • **Location & Connectivity**: Kulai offers reasonable accessibility to Johor Bahru's economic corridors, but the absence of nearby MRT connectivity and reliance on road-based transport limits appeal for commuters; proximity to local amenities requires verification against competing projects in the vicinity.
  • **Risk & Timing**: Lack of specified completion date creates uncertainty around project delivery and market conditions at handover; buyers should verify developer track record and obtain binding completion timelines before commitment, particularly in a market sensitive to delays.

NewProjek Score

6.3

Moderate

  • Developer verification status not confirmed
  • Freehold tenure provides long-term ownership security
  • Priced 26% above area median
Market Price Analysis

Is this project priced fairly?

Developer PriceRM528,000
Johor MedianRM420,000
Priced 26% above area median

Johor — Median Condo Prices (NAPIC)

YearMedian PriceYoY Change
2021RM350,000
2022RM358,000+2.3%
2023RM365,000+2.0%
2024RM372,000+1.9%
2025RM380,000+2.2%
Investment Analysis

Est. Monthly Rental

RM2,100–2,800

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

6.4x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kYes
RM7,000RM1.0 milYes
RM10,000RM1.5 milYes
RM15,000RM2.3 milYes
RM20,000RM3.2 milYes

Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin

Area Profile

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

Comparable Projects

Similar projects in Johor

ProjectLocationPrice FromStatus
One49 Residence, Johor Bahru - Residential ApartmentJohor BahruRM289kNew Launch
D'Putra SuitesKulaiRM322kCompleted
Nadira Residensi, Kota Tinggi, Johor - 2 Storey Terrace/Link HouseKulaiRM322kCompleted
Why Consider + Risk Factors

Why Consider

  • Affordable freehold landed house in growing Kulai township
  • Strategic location near major highways for easy connectivity
  • Strong investment potential in developing Johor property market
  • Bandar Putra Kulai offers established amenities and infrastructure
  • Excellent value proposition at competitive RM528,000 price point

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.