Property Review

Piccolo @ Bandar Putra Kulai, Johor

Powered by verified data + DOSM

Generated 29 July 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 at RM528,000 offers affordability for first-time homebuyers, though without comparative market data for similar Kulai properties, value assessment remains limited; freehold tenure provides long-term ownership security.
  • **Location & Connectivity**: Kulai's position in southern Johor provides reasonable accessibility to Johor Bahru and Singapore via highway networks, but absence of MRT connectivity and reliance on vehicular transport may limit appeal for commuters seeking public transportation options.
  • **Risk & Timing**: Completion timeline is unspecified, creating uncertainty around delivery and investment returns; early-stage project status carries typical development risks, and market absorption in a secondary location requires careful buyer due diligence before commitment.

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 (Verified)

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%

Verified data 2021–2025

Price-to-Income

5.7x

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

RM7,712/mo

DOSM 2024

Mean Household Income

RM9,484/mo

DOSM 2024

Households Above RM8k

~43%

Estimated for Johor

Comparable Projects

Similar projects in Johor

ProjectLocationPrice FromStatus
Eco Tropics

Eco World Development

IskandarRM279kUnder Construction
D'Putra SuitesKulaiRM322kCompleted
Harmoni Permai @ Bandar Universiti PagohMuarRM349kNew Launch
Why Consider + Risk Factors

Why Consider

  • Affordable freehold landed house in growing Kulai area
  • Strategic location in Johor's expanding residential corridor
  • Strong investment potential in developing township infrastructure
  • Family-friendly community with accessibility to amenities nearby
  • Competitive pricing for property ownership in Johor

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.