Setia Versa 2
Powered by verified data + DOSM
Generated 29 June 2026
Developer
SP Setia
Location
Johor, Johor
Type
Detached factory
Price
RM3 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM3.0 million entry point for detached factory space in Johor, pricing appears competitive for industrial real estate in the region, though long-term appreciation depends on rental yields and tenant demand relative to comparable properties.
- •**Location & Connectivity**: Johor's established industrial zones offer operational advantages, but the absence of MRT connectivity limits accessibility for businesses reliant on public transport; road-based logistics networks and highway proximity would be critical factors requiring verification.
- •**Risk & Timing**: Critical information gaps—including unspecified tenure terms, completion timeline, and land specifications—present material risks; buyer due diligence is essential before commitment, as industrial property performance is highly sensitive to economic cycles and tenant acquisition timelines.
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
- • 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 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.