Setia Versa 2
Powered by verified data + DOSM
Generated 29 July 2026
Developer
SP Setia
Location
Johor
Type
Detached factory
Price
RM3 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM3 million entry point for detached factories, pricing appears competitive for industrial space in Johor, though lack of specified tenure and completion timeline creates uncertainty around actual value delivery and long-term appreciation potential.
- •**Location & Connectivity**: Johor's industrial zones offer established manufacturing hubs and good highway access, but the absence of nearby MRT connectivity limits appeal to businesses requiring public transport logistics and may constrain tenant demand compared to locations with mass transit links.
- •**Risk & Timing**: Incomplete project specifications (no tenure details, no completion date) present material risks regarding investment certainty and exit strategy; buyers should seek clarification on freehold/leasehold status and delivery timelines before commitment, as industrial property cycles are sensitive to economic timing.
NewProjek Score
5.5
Moderate
- • Developer verification status not confirmed
- • Priced 689% 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
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%
Verified data 2021–2025
Price-to-Income
32.4x
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
RM7,712/mo
DOSM 2024
Mean Household Income
RM9,484/mo
DOSM 2024
Households Above RM8k
~43%
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 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.