SUMMERA GROVE
Powered by verified data + DOSM
Generated 28 May 2026
Developer
SP Setia
Location
Johor, Johor
Type
2-sty terrace/link house
Price
RM846+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: The entry price of RM846k is competitive for a 2-storey terrace in Johor, offering reasonable value relative to similar developments, though the absence of specified tenure details limits full assessment of long-term value proposition.
- •**Location & Connectivity**: The project lacks nearby MRT access, which may constrain appreciation potential and buyer appeal compared to developments along major transit corridors; connectivity depends heavily on road infrastructure and proximity to commercial nodes that require verification.
- •**Risk & Timing**: Completion timeline is not disclosed, creating uncertainty around delivery schedules and market conditions at handover; the lack of tenure specification raises concerns about freehold versus leasehold implications, which materially affects investment viability and should be clarified before commitment.
NewProjek Score
7
Worth Considering
- • Developer verification status not confirmed
- • Priced below area median — potential value opportunity
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
RM0–0
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
0.0x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | Yes |
| RM7,000 | RM1.0 mil | Yes |
| RM10,000 | RM1.5 mil | Yes |
| RM15,000 | RM2.3 mil | Yes |
| RM20,000 | RM3.2 mil | Yes |
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
Similar projects in Johor
| Project | Location | Price From | Status |
|---|---|---|---|
| MAPLE 3 SP Setia | Johor | RM500 | Completed |
| SUMMERA GROVE SP Setia | Summera Grove | RM846 | — |
Why Consider
- • Located in Johor, Johor
- • By SP Setia
Risk Factors
- • Under construction — completion delays are possible
- • 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.