TROPIKA SQUARE
Powered by verified data + DOSM
Generated 8 July 2026
Developer
SP Setia
Location
Johor, Johor
Type
Shop office
Price
RM2.2 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM2.24 million entry point, shop office units require careful analysis of psf pricing relative to comparable Johor developments; positioning as mid-to-premium tier appears competitive but dependent on final specifications and rental yield potential.
- •**Location & Connectivity**: Johor location lacks MRT proximity, relying instead on road accessibility; connectivity strength depends on proximity to major highways and commercial nodes, which should be verified against specific site details and Johor's broader commercial expansion corridors.
- •**Risk & Timing**: Project completion and tenure details being unspecified present material information gaps that increase investment uncertainty; market timing in Johor's shop office segment carries typical retail sector risks given evolving e-commerce trends and ongoing economic recovery patterns.
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
24.2x
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
RM7,712/mo
DOSM 2024
Mean Household Income
RM9,484/mo
DOSM 2024
Households Above RM8k
~43%
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.