Setia Versa 2
Powered by NAPIC + DOSM data
Generated 30 April 2026
Developer
SP Setia
Location
Johor
Type
Detached factory
Price
RM3 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM3.0M entry point for detached factory space in Johor, the pricing appears competitive for industrial property in the region, though final value assessment depends on built-up area specifications and finishing standards which are not detailed.
- •**Location & Connectivity**: The property benefits from Johor's established industrial corridor positioning, but the absence of MRT connectivity and unclear proximity to major highways or port facilities limits accessibility compared to premium industrial zones in Klang Valley or Penang.
- •**Risk & Timing**: Critical risks include unspecified tenure structure and completion timeline, which are material factors for industrial investment; without these details, investors cannot adequately assess holding costs, financing certainty, or returns timeline.
NewProjek Score
6.5
Moderate
- • Verified developer with established track record
- • Priced 689% 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
RM11,700–15,800
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
36.3x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | No |
| RM10,000 | RM1.5 mil | No |
| RM15,000 | RM2.3 mil | No |
| RM20,000 | RM3.2 mil | Stretch |
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
- • 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.