Setia Versa 2
Powered by NAPIC + DOSM data
Generated 15 May 2026
Developer
SP Setia
Location
Johor, Johor
Type
Detached factory
Price
RM3 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM3 million for a detached factory in Johor, the pricing appears competitive for industrial property in the region, though actual value assessment depends on built-up area, specifications, and comparable market rates which are not fully detailed here.
- •**Location & Connectivity**: The project lacks MRT connectivity and specific location details within Johor, which may limit accessibility for logistics-dependent operations; viability depends on proximity to major highways, ports, or industrial clusters that are not documented.
- •**Risk & Timing**: Significant risk factors include unspecified completion date and tenure type, creating uncertainty around investment timeline and long-term ownership structure; due diligence on these fundamentals is essential before proceeding.
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
- • Located in Johor, Johor
- • 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.