Setia Versa 2
Powered by verified data + DOSM
Generated 14 June 2026
Developer
SP Setia
Location
Johor
Type
Detached factory
Price
RM3 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM3 million entry point for detached factory space is competitively positioned within Johor's industrial segment, though actual value depends on built-up area, specifications, and comparison with nearby competing developments—recommend verifying cost per square foot against market benchmarks.
- •**Location & Connectivity**: Johor location benefits from proximity to major industrial corridors and port facilities, but absence of MRT connectivity may limit appeal for businesses requiring public transport access; road-based logistics remain primary advantage, suitable for manufacturing and heavy industrial operations.
- •**Risk & Timing**: Lack of specified tenure and completion date creates uncertainty regarding ownership structure (freehold vs. leasehold) and timeline to occupancy, which are critical factors for operational planning; recommend requesting detailed specifications and timelines from developer before commitment.
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
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
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.