TROPIKA SQUARE
Powered by verified data + DOSM
Generated 24 May 2026
Developer
SP Setia
Location
Johor, Johor
Type
Shop office
Price
RM2.2 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM2.24 million entry price is competitive for shop office units in Johor, though lack of transparency on unit sizes and specifications limits conclusive valuation assessment; SP Setia's established track record provides developer credibility for capital preservation.
- •**Location & Connectivity**: Johor location offers growing commercial potential but absence of MRT connectivity is a significant constraint compared to Klang Valley alternatives; accessibility depends heavily on road infrastructure and proximity to major highways, which requires site-specific verification.
- •**Risk & Timing**: Missing tenure and completion timeline details create material uncertainty for investment planning and cash flow projections; early-stage projects carry development execution risk, and Johor's commercial property market remains more volatile than established CBD zones, warranting cautious timing assessment.
NewProjek Score
5.5
Moderate
- • Developer verification status not confirmed
- • Priced 489% 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
RM8,700–11,800
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
27.1x
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 | Stretch |
| 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
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
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.