SUMMERA GROVE
Powered by verified data + DOSM
Generated 25 May 2026
Developer
SP Setia
Location
Johor
Type
2-sty terrace/link house
Price
RM8461.4 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: The RM8.46 billion aggregate price point suggests a large-scale development; however, without unit-level pricing transparency or comparable market data provided, it is difficult to assess whether individual terrace/link house units represent competitive value relative to similar Johor developments in their respective price segments.
- •**Location & Connectivity**: Johor's strategic position within the Southern Corridor provides economic growth potential, but the absence of MRT accessibility and lack of stated proximity to major transport hubs may limit long-term connectivity advantages compared to projects in more transit-oriented corridors like Selangor or KL.
- •**Risk & Timing**: Completion timeline and tenure details are not disclosed, creating visibility gaps for buyers regarding delivery certainty and land security; SP Setia's track record mitigates some developer risk, but prospective purchasers should clarify these critical terms before commitment, particularly given the substantial capital
NewProjek Score
5.5
Moderate
- • Developer verification status not confirmed
- • Priced 2014526% 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
RM32,964,300–44,598,800
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
102503.1x
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 | No |
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.