Sky Curve @ Taman Perling
Freehold, 499 units in two 25-storey blocks, six layouts from 579 to 1,111 sq ft, completing June 2029. Read this before anything else: the statutory maximum price is RM809,000, so no foreign buyer is eligible for a single unit here — Johor's floor for foreigners is RM1 million.
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Sky Curve @ Taman Perling at a glance
Almost every row below comes from one place: the statutory disclosure strip printed at the foot of S P Setia's own Sky Curve page, the one that carries the developer licence number and the National Housing Department approval. That strip is the highest-grade source a Malaysian new launch has, because filing a false figure there is a regulatory offence rather than a marketing embarrassment. Where an agent listing says something different — and on this project it does, twice — the disclosure wins and I show you the gap.
- Marketing name
- Sky Curve @ Taman PerlingStatutory development name: Residensi Camar
- Product
- Serviced apartment (Rumah Pangsapuri Perkhidmatan)Strata title, commercial-rate outgoings
- Tenure
- Freehold, no land encumbrancePegangan Bebas · Bebanan Tanah: Tiada
- Total units
- 499 in two blocksBlock A 225 units, Block B 274 units, 25 storeys each
- Statutory price range
- RM454,000 to RM809,000Block A max RM809,000, Block B max RM803,000
- Foreign buyers
- Not eligible — no unit reaches RM1mTitle restriction also requires State consent for non-citizens
- Layouts
- 579 to 1,111 sq ft, six typesA, A1, B, B1, C, C1 — 1 to 3 bedrooms
- Expected completion
- June 2029Stated on the statutory disclosure, not a marketing estimate
- Developer licence
- 673/06-2028/1427(R)Valid 16/06/2023 to 15/06/2028
- Advertising and sales permit
- 673-12/04-2028/0324(A)-(S)Valid 25/04/2025 to 24/04/2028
- Approving authority
- Majlis Bandaraya Iskandar PuteriReference MBIP(JB)RP/8/10/2024(30)
- Construction stage
- Below-ground and foundation worksS P Setia progress statement as at 30 June 2026
Explore related topics
Curated hubs, each with its own guide — not auto-generated tag archives.
Six honest reasons to look at Sky Curve, and one reason not to
A freehold serviced apartment on the Second Link side of Johor Bahru, in a township the developer has spent decades finishing, with a full statutory disclosure and a 2029 handover. The case is unusually well documented — which also means the weak points are easy to state.
Every disclosed price is below the foreign-buyer floor
S P Setia's own statutory strip puts Block A at a maximum of RM809,000 and Block B at a maximum of RM803,000. Johor requires a foreign buyer to transact at RM1,000,000 or above on a strata unit, with written State Authority consent. Nothing here reaches it. The land title restriction printed on the same strip says the same thing from the other direction: strata parcels subdivided from this title may not be sold or transferred to non-citizens or foreign companies without State Authority consent. If you hold a foreign passport, this project is closed to you and no packaging changes that.
The statutory disclosure is complete — use it
Most launch pages give you a brochure. This one gives you the developer licence number and validity, the advertising permit and validity, the tenure, the land encumbrance status, the approving council and its reference number, the SiFus reference, the expected completion month, the unit count per block and the price range per block. You can verify all of it yourself on the KPKT TEDUH portal before you speak to anyone, including me. That is the single most useful thing about this project and almost nobody reads it.
The last phase of a township you can already inspect
Taman Perling is not a new-town masterplan on a hoarding. It is a built, occupied, decades-old S P Setia township with schools, a wet market, a mall and a Columbia Asia hospital already in it — and the group's Johor team describes Sky Curve as its last phase. That is a rare position for a buyer: you can drive the roads, look at how the older blocks and drains have aged, and see the tenant and owner profile before you commit. Compare that with buying into a launch where the surrounding plots are still empty land.
The A1 / B1 / C1 units come with a private garden parcel
Type A1 at 815 sq ft, B1 at 1,012 sq ft and C1 at 1,111 sq ft are the same bedroom counts as A, B and C but carry a Private Enclosed Space — confirmed by S P Setia's own floor-finish schedule, which lists tiling to the PES for those three types only. In a serviced apartment that is a genuinely scarce product: ground-level outdoor space with strata security. It is also the layout most likely to hold a price premium on resale, because you cannot add one later. Ask how the PES area is treated in the share-unit calculation before you assume the price gap is all usable value.
Second Link side, which suits a Tuas or Jurong commute
From the Jalan Simbang pin it is roughly 9.5 km to the Second Link checkpoint at Gelang Patah and about the same to the Causeway — but the two are not equivalent journeys. The Second Link runs on expressway to Tuas; the Causeway funnels into the JB city-centre bottleneck. If your workplace is in western Singapore, this address is the rational one. AEON Bukit Indah is about 2.8 km away and Hospital Sultan Ismail about 7.5 km.
And the reason not to: it is three years from foundation to keys
S P Setia's own progress statement as at 30 June 2026 describes work below ground level, including the foundation. Completion is June 2029. That is roughly three years of progress payments before you can occupy or let, on a serviced apartment in a state carrying the country's largest completed serviced-apartment overhang. If you need rental income within two years, or if you are buying to occupy soon, this is the wrong project and I would rather say so now than take a booking fee.
The whole development, decoded
The specification below is S P Setia's own published schedule, down to the socket counts. The distances are mine, calculated from the Jalan Simbang pin, because the developer publishes an amenity list rather than a distance table.
Block A, Block B, and the ground-garden units almost nobody explains

Block A
The statutory disclosure states 225 serviced apartment units over 25 storeys, priced from RM454,000 to RM809,000. That top figure is the highest price disclosed anywhere in this development, and it is still RM191,000 short of the RM1 million foreign-purchase floor. Block A is the smaller of the two, which on a nine-to-eleven units-per-floor plate means fewer doors sharing each lift core. S P Setia has not published a stack plan, so orientation is a site decision — ask me and I will walk it with you rather than guess.

Block B
The disclosure states 274 units over 25 storeys, from RM454,000 to RM803,000. The entry price is identical to Block A and the ceiling is RM6,000 lower, which tells you the two blocks carry a similar layout mix rather than one being a premium tier. With 274 units on the same 25 floors, Block B runs a slightly denser floor plate than Block A — a difference of one or two doors per level. Whether that matters to you depends on how much you use lifts at 8am; on resale, buyers rarely price it.

PES garden units
Not a block, but the distinction that actually changes how a unit lives. S P Setia's floor-finish schedule lists tiles to a Private Enclosed Space for Types A1, B1 and C1 only. That is why A1 is 815 sq ft against A at 579, B1 is 1,012 against B at 780, and C1 is 1,111 against C at 905. In practice you are buying the same interior plus a fenced ground-level garden parcel. Two questions to settle before you pay: how the PES area is weighted in the share-unit calculation that drives your maintenance charge, and what the by-laws allow you to build on it.
What S P Setia specifies in writing, and what only the agents mention
Left column is the developer's own building specification, published on the Sky Curve page. Right column is the facilities list, which appears only on the appointed agent's listing — S P Setia's own page does not itemise the facilities, so treat the right column as marketing until you see it on the approved building plan.
S P Setia's published building specification
- Structure: reinforced concrete; walls reinforced concrete and brick
- Roof covering: reinforced concrete; ceiling skim coat or plasterboard
- Windows: aluminium frame glass; sliding doors aluminium frame glass
- Main entrance: fire-rated door; internal flush doors; quality lockset
- Internal walls: cement plaster and paint or skim coat and paint
- Bathroom tiling to 2,100 mm; kitchen tiling to 1,500 mm
- Tiled floors throughout, including yard, balcony and Private Enclosed Space
- Lighting points: 11 / 15 / 16 for A-A1 / B-B1 / C-C1
- 13A power points: 13 / 15 / 15; one 15A point for the kitchen hob
- 15A air-conditioning points: 2 / 3 / 4; ceiling fan points 2 / 3 / 4
- Water heater points 1 / 2 / 2; TV points 2 in every type; network point provided
- No gas piping, no fencing, no turfing — stated explicitly in the schedule
Facilities: agent listing only, not the developer
- Swimming pool and wading pool
- Gymnasium and outdoor gym
- Sun deck
- BBQ area
- Children's playground
- Multi-purpose court
- Surau
- 24-hour security
- Three lifts per block (agent listing figure)
- Maintenance quoted at RM0.45 psf on the agent listing — S P Setia has not published this, get it in writing
- Drop-off lobby and dual facility floors appear in agent copy only
- Car park allocation per unit type is not published by the developer
Where the project is now
All 6 Sky Curve @ Taman Perling floor plans
Six layouts, and the naming is more logical than it looks: A, B and C are the one-, two- and three-bedroom cores, and A1, B1 and C1 are the same cores with a Private Enclosed Space — a ground-level garden parcel, which is why they jump 200 to 240 sq ft in area. S P Setia's floor-finish schedule lists tiles to the Private Enclosed Space for Types A1, B1 and C1 specifically, which is the cleanest confirmation of what that extra area actually is.

Type A — 579 sq ft, 1 bedroom
Get this floor plan
Type A1 — 815 sq ft, 1 bedroom with garden
Get this floor plan
Type B — 780 sq ft, 2 bedrooms
Get this floor plan
Type B1 — 1,012 sq ft, 2 bedrooms with garden
Get this floor plan
Type C — 905 sq ft, 3 bedrooms
Get this floor plan
Type C1 — 1,111 sq ft, 3 bedrooms with garden
Get this floor planInside Sky Curve @ Taman Perling



Where Sky Curve @ Taman Perling sits
Jalan Simbang, Taman Perling, 81200 Johor Bahru — western Johor Bahru, on the Second Link side of the city. Despite the 81200 Johor Bahru postcode, the approving authority on the statutory disclosure is Majlis Bandaraya Iskandar Puteri, not Majlis Bandaraya Johor Bahru.
S P Setia has not published a site coordinate for Sky Curve. The map link on its own Taman Perling pages resolves to the Bukit Indah sales gallery, roughly four kilometres away, so I have not used it. The pin above is the Jalan Simbang address in Taman Perling given in the marketing listing, geocoded to street level. Treat it as neighbourhood-accurate rather than parcel-accurate, and check the exact lot on site before you commit to a stack.
- Taman Perling amenities: Perling Mall, wet market, SJK(C) Pei HwaSame neighbourhoodnamed on S P Setia's own amenity list
- AEON Bukit Indah Shopping Centre2.8 kmstraight line; S P Setia quotes 5 km by road
- Columbia Asia Hospital, Iskandar Puteri6.0 kmstraight line, my calculation
- Hospital Sultan Ismail7.5 kmstraight line, my calculation
- Second Link checkpoint, Gelang Patah9.5 kmstraight line; expressway run to Tuas
- Bukit Chagar RTS Link terminus9.6 kmstraight line — you drive to the RTS, not walk
- Causeway checkpoint, Bangunan Sultan Iskandar9.9 kmstraight line; city-centre bottleneck at peak
- Senai International Airport17.5 kmstraight line, my calculation
Registered as Residensi Camar — 499 units, a quarter built, and none of it available to a foreign buyer
| Project code | Registered name | Licensed developer | Advertising permit | Permit expires | Units | Bed / bath | Price band on the permit | Built | Status |
|---|---|---|---|---|---|---|---|---|---|
| 673-12 | Residensi Camar | Pelangi Sdn Bhd (673) | 673-12/04-2028/0324(A)-(S) | 24 Apr 2028 | 274 | 1–3 / 1–2 | RM454,000 – RM803,000 | 26.73% | Lancar |
| 673-12 | Residensi Camar | Pelangi Sdn Bhd | as above | as above | 225 | 1–3 / 1–2 | RM454,000 – RM809,000 | 26.73% | Lancar |
| Total | 499 | District: Johor Bahru | |||||||
Swipe sideways to see the full table →
Read from teduh.kpkt.gov.my on 27 August 2026. Pull it yourself: teduh.kpkt.gov.my/semakan-status-kemajuan?kodProjek=673-12
Why I am confident, and the one field that does not line up
The licensed company is Pelangi Sdn Bhd, which this page names. And the register counts 499 units — exactly the figure this page carries, to the unit. Licence 673 also holds several phases registered under the name Taman Perling, which is where this development is marketed.
One field does not line up, and I am printing it rather than leaving it out: the register’s coordinate for 673-12 sits about one kilometre from the location this site had verified. Within a single taman that is not a large distance, and I have found the register’s coordinates to be plainly wrong on other records in this same database. But it is not a match, so I am not counting it as one. The exact unit count and the exact company name are what this attribution rests on.
Foreign buyers: nothing here is available to you
The highest price permitted on any unit is RM809,000. Johor’s minimum purchase price for a non-citizen outside the designated exempt zones is RM1,000,000.
No unit in this development can lawfully be sold to a foreign buyer at a price the permit allows. The permitted ceiling is below the floor, across the whole project. If anyone offers to arrange it, ask for the mechanism in writing and put it in front of your own lawyer before any money moves.
26.73% built, with a permit to April 2028
Both components stand at 26.73% — the developer’s own certified progress return, not an estimate. Roughly a quarter complete: the frame is going up and nothing is finished.
The permit runs to 24 April 2028. That is the licence expiry, not a promised handover date — a different document, with no obligation to agree with your sale and purchase agreement.
At this stage the things worth having in writing are the completion date in the agreement and the liquidated damages clause — statutory rate for strata housing is 10% per annum of the purchase price, running from that date rather than from anything said in a sales gallery. And because progress payments release against certified stages, pull this register page again before each one. It is free and the number is the developer’s own.
Two components at nearly identical prices — which is unusual and useful
RM454,000–803,000 and RM454,000–809,000. Identical floors and ceilings six thousand ringgit apart. These are genuinely the same product in two blocks, not an entry tier and a premium tier.
That makes a single per-square-foot figure more meaningful here than on most projects. It also means the thing that will actually differentiate your unit is floor level, aspect and view — so those are what to ask about, and what to check on the actual site plan rather than the render.
Ask for documents using the registered name
The register has never heard of “Sky Curve”. The licensed scheme is Residensi Camar. Use Residensi Camar, project code 673-12, Pelangi Sdn Bhd when writing to the developer, the land office or the local authority — otherwise a correct and completely unhelpful answer is “no such project”.
About S P Setia Berhad
Sky Curve is marketed under the S P Setia brand, but the entity you will actually be contracting with deserves a check. The statutory disclosure on S P Setia's own Sky Curve page carries developer licence 673/06-2028/1427(R) and advertising permit 673-12/04-2028/0324(A)-(S) without naming the licence holder on that page, while the contact block on the same Taman Perling site prints Pelangi Sdn Bhd, registration 197201001814 (13509-H) — the long-standing S P Setia subsidiary that holds the Taman Perling township. Agent listings simply write "SP Setia". Before you pay a booking fee, ask which legal entity is named as vendor on the sale and purchase agreement, and check licence 673 against the KPKT TEDUH portal yourself.
The group behind it is S P Setia Berhad, incorporated in 1974 and listed on Bursa Malaysia since 1993 under SPSETIA (8664). For a project completing in 2029 that matters more than usual: you are handing over progress payments for roughly three years, so the counterparty's ability to keep building through a downturn is part of what you are buying. The FY2025 results filed in February 2026 showed revenue of RM4.22 billion, profit before tax of RM969.1 million, net profit attributable to owners of RM509.96 million, and net gearing of 0.33 times, improving to 0.31 times as at 31 March 2026 — the strongest balance sheet the group has run in years, with borrowings down from around RM13 billion in 2019 to RM7.96 billion at end-2025.
The counterweight, and I would rather you hear it from me than find it later: Q1 FY2026 net profit fell 54% year on year to RM31.12 million on revenue of RM826.54 million, with fewer bulk land sales and an unrealised foreign exchange loss of RM14.42 million cited. Group earnings that lean on land disposals are not the same thing as earnings from selling buildings. It does not put S P Setia anywhere near distress, and for a buyer the practical risk on a 2029 completion is timeline slippage rather than abandonment — but it is the number worth knowing before you assume a listed name removes all delivery risk.
The genuinely useful due diligence here is free and takes an afternoon. Taman Perling is a township S P Setia has been building out for decades, and Sky Curve is described by the group's Johor team as the last phase. You can drive the earlier phases, look at how the roads, drains, landscaping and older strata blocks have aged, and talk to residents who have lived with this developer's aftercare. On a project you will not receive keys to until 2029, that inspection tells you more than any launch brochure.

Frequently asked questions
Can foreigners or Singaporeans buy at Sky Curve @ Taman Perling?
No. The statutory disclosure on S P Setia's own page caps Block A at RM809,000 and Block B at RM803,000. Johor requires a foreign buyer to transact a strata unit at RM1,000,000 or above and to obtain written State Authority consent. No unit in this development reaches the threshold, so none is available to a non-citizen.
The same disclosure states the point independently, in the land title's restriction in interest: strata parcels subdivided from this title may not be sold or transferred to non-citizens or foreign companies without State Authority consent. That is a restriction registered on the title itself, not a developer policy, and it does not go away because a unit changes hands later.
For completeness on what would have applied above the floor: the Johor foreign-purchase levy is 3% of the price or RM30,000, whichever is higher, in force since 1 July 2025 — with the note that for serviced residences priced below RM1 million the state's own scale sets a RM50,000 minimum, which is academic here because those units cannot be sold to foreigners in the first place. On top of that sits the 8% stamp duty on residential property acquired by non-citizens, effective 1 January 2026, with no first-purchase relief.
If you are Singaporean and Taman Perling is where you want to be, tell me and I will send you the western Johor Bahru launches that do clear RM1 million, with the levy and the 8% duty already built into the total.
How many units are there at Sky Curve — 499 or 456?
499. S P Setia's statutory disclosure states it precisely: Block A 225 units over 25 storeys, Block B 274 units over 25 storeys. That strip is the figure filed with the National Housing Department and it is the one to use.
You will find 456 quoted on at least one marketing agent's listing for this project, alongside a price range of RM389,000 to RM674,000. Both of those figures conflict with the developer's own filing, which gives RM454,000 to RM809,000. I have no way to know how the 456 arose — it may be a phase-one release count, it may be a transcription error — but where an agent listing and a statutory disclosure disagree, the disclosure is the document with legal consequences attached.
This is the kind of gap worth checking yourself rather than taking my word for. The developer licence is 673/06-2028/1427(R) and the development is registered as Residensi Camar. Both can be looked up on the KPKT TEDUH portal in a couple of minutes.
What are the unit sizes and layouts at Sky Curve @ Taman Perling?
Six layouts from 579 to 1,111 sq ft: Type A 579 sq ft one-bedroom, Type A1 815 sq ft one-bedroom, Type B 780 sq ft two-bedroom, Type B1 1,012 sq ft two-bedroom, Type C 905 sq ft three-bedroom, Type C1 1,111 sq ft three-bedroom. Bathroom counts follow from the developer's sanitary schedule: one water closet in the A types, two in the B and C types.
The pattern is worth understanding because it explains the price ladder. A1, B1 and C1 are not larger apartments — they are the same apartments with a Private Enclosed Space attached, a ground-level garden parcel. S P Setia's floor-finish schedule confirms it by listing tiling to the PES for those three types and no others.
S P Setia describes the development as offering "3 distinctive layouts" in its key-features copy, which is true of the interiors and confusing if you are counting drawings. There are six drawings, three cores.
If you are choosing between a C at 905 sq ft and a C1 at 1,111 sq ft, the question is not just price per square foot. Ask how the PES is weighted in the share-unit allocation, because that number sets your share of the maintenance charge for as long as you own the unit.
Who is the developer of Sky Curve, and which company signs the SPA?
It is an S P Setia project, but confirm the contracting entity before you pay a booking fee. The Sky Curve page carries developer licence 673/06-2028/1427(R) without naming the licence holder on that page, while the Taman Perling contact block on the same website prints Pelangi Sdn Bhd, registration 197201001814 (13509-H) — the S P Setia subsidiary long associated with the Taman Perling township.
Agent listings shorten all of this to "SP Setia", and at least one third-party source has described the project as being by "Pelangi Group". Neither shorthand is wrong exactly, but neither is the name that will appear as vendor on your sale and purchase agreement, and that is the name that matters when you are enforcing a defect claim in 2030.
Ask the sales team for the vendor's full registered name and company number in writing, and cross-check licence 673 on the KPKT TEDUH portal. It takes five minutes and it is the single cheapest piece of due diligence available on any Malaysian new launch.
At group level, S P Setia Berhad has been listed on Bursa Malaysia since 1993 under SPSETIA (8664) — which means its quarterly numbers are public and you never have to take a salesperson's summary of them.
How far is Sky Curve from the Second Link, the Causeway and the RTS Link?
About 9.5 km straight line to the Second Link checkpoint at Gelang Patah, about 9.9 km to the Causeway checkpoint, and about 9.6 km to the Bukit Chagar RTS terminus. Those are my calculations from the Jalan Simbang pin; S P Setia publishes an amenity list rather than a distance table.
The numbers look interchangeable and the journeys are not. The Second Link is an expressway crossing to Tuas that has historically run lighter queues; the Causeway feeds into the JB city-centre approach and is the one that jams. If your Singapore workplace is in the west — Tuas, Jurong, Boon Lay — Taman Perling is the side of Johor Bahru that makes sense.
On the RTS Link, be careful with dates. Civil works are targeted for completion at the end of 2026 and passenger service is now expected in early 2027, not 2026. Any listing still promising a 2026 opening has not been updated. And when it does open, from here you drive to Bukit Chagar and park — this is not a walk-to-station address, and I would not price it as one.
Closer in, the developer's own amenity list names Perling Mall, Pasar Awam Taman Perling, SJK(C) Pei Hwa, SJK(C) Poay Chai, Tenby International School and Columbia Asia Hospital, with AEON Bukit Indah about 2.8 km away in a straight line.
What facilities are included at Sky Curve @ Taman Perling?
Be careful with this question, because S P Setia's own Sky Curve page does not itemise the facilities. Its key-features copy says "freehold development, well-curated facilities" and stops there. The itemised list — swimming pool, wading pool, gymnasium, outdoor gym, sun deck, BBQ area, children's playground, multi-purpose court, surau and 24-hour security — comes from the appointed marketing agent's listing, not from the developer.
The same agent listing quotes three lifts per block and a maintenance charge of RM0.45 per square foot. Neither figure appears in S P Setia's published material, and on a serviced apartment the maintenance rate is the number that governs your holding cost for decades. Get it in writing from the developer before you sign anything.
What S P Setia does publish, in detail, is the building specification: reinforced concrete structure, aluminium frame glass windows, a fire-rated main entrance door, tiling to 2,100 mm in bathrooms and 1,500 mm in kitchens, tiled floors throughout, and exact point counts — 11 to 16 lighting points, 13 to 15 thirteen-amp sockets, two to four air-conditioning points depending on layout, and a network point in every unit. It also states explicitly that there is no gas piping, no fencing and no turfing. That last line matters if you are buying a PES unit and picturing a lawn.
For the facilities you are actually paying for, ask to see them on the building plan approved under reference MBIP(JB)RP/8/10/2024(30). An approved plan is a fact; a listing bullet is a hope.
What is the price and the maintenance fee at Sky Curve @ Taman Perling?
Price: RM454,000 to RM809,000 per the statutory disclosure — Block A from RM454,000 to RM809,000, Block B from RM454,000 to RM803,000. That is a filed price envelope, not a live price list, and the two are different things. An envelope tells you the legal minimum and maximum across the whole development; a live list tells you what a specific stack on a specific floor costs this month, and what package comes with it.
Maintenance fee: S P Setia has not published one. The RM0.45 per square foot figure circulating comes from a marketing agent's listing. I am not going to restate an agent's number as though the developer had confirmed it, particularly on a serviced apartment where commercial-rate assessment and utilities already push the monthly outgoings above what a residential-titled condominium would cost.
You will also see RM389,000 to RM674,000 quoted on the same agent listing. That conflicts with the developer's own filing at both ends. Where the two disagree, use the filing.
What I will get you: the current release, the actual price for the layout and floor band you want, the maintenance rate in writing, the sinking-fund rate, and the car park allocation for your unit type. Message me with your layout and budget and I will put the request in.
Sky Curve completes in June 2029 — what does that mean for me?
It means roughly three years of progress payments before you hold a key. S P Setia's own progress statement as at 30 June 2026 describes work below ground level, including the foundation. Completion is stated as June 2029 on the statutory disclosure.
Practically, three consequences. First, your money is committed on a schedule set by construction milestones, not by your own timing — plan the cash flow accordingly. Second, there is no rental income until handover, so anyone modelling yield from year one is modelling something that does not exist. Third, the market you sell or let into in 2029 is not today's market, and nobody honestly knows what it looks like.
There is a protection worth knowing about: as a residential development registered under the Housing Development Act with a developer licence and an advertising permit, Sky Curve buyers get the statutory schedule H sale and purchase agreement, liquidated damages for late delivery, and a stakeholder sum retained for defects. That is real protection and it is exactly what an industrial or purely commercial product does not have.
One thing to confirm on paper rather than assume: the vacant possession clause in your SPA, which is the date with legal force, as opposed to the June 2029 date on the marketing disclosure.
How does the Johor serviced-apartment overhang affect a 2029 completion?
It is the single most important market fact for anyone buying a Johor serviced apartment today, and Sky Curve is a serviced apartment. NAPIC's Property Market Q1 2026 Snapshots record 19,263 completed unsold serviced apartments nationally, worth RM16.52 billion, of which Johor alone holds 9,972 — more than Kuala Lumpur (4,181) and Selangor (2,407) combined.
The band matters as much as the total: 58.5% of that unsold stock sits between RM500,001 and RM1 million. Sky Curve's disclosed range of RM454,000 to RM809,000 puts most of its inventory squarely inside the most crowded price band in the country.
There is a real counter-argument and I will make it properly. Overhang is measured on completed stock today, and Sky Curve does not complete until June 2029. Meanwhile new supply is being throttled: NAPIC recorded residential construction starts falling from 28,344 units in Q1 2025 to 8,243 units in Q1 2026, and new launches down to 9,112 units nationally. Less starting now means less completing in 2029. Johor still led new launches in Q1 2026 with 2,693 units, so the pipeline has not stopped — but it has thinned considerably.
The separate residential category, which excludes serviced apartments, showed 3,852 completed unsold units in Johor in Q1 2026 against a national 32,801 worth RM16.37 billion. Different measure, same direction.
My reading: this is a hold, not a flip. If you want to be out inside three years of handover you are competing against the deepest serviced-apartment overhang in Malaysia, and the freehold title and the PES layouts will have to do a lot of work for you.
Can a Malaysian buyer get a bank loan on a serviced apartment like Sky Curve?
Yes, but price the differences in before you budget. A serviced apartment sits on commercial-titled land even though you live in it. Three consequences follow, and all three are ongoing rather than one-off: margin of finance is frequently set below what a residential-titled condominium attracts, some lenders add a margin to the rate, and assessment, electricity and water are charged at commercial tariffs for the life of the building.
The financing environment is also tighter than it was. NAPIC and industry reporting put the housing loan approval rate at 39.2% over the first four months of 2026, down from 41% in 2025 and 42% in 2024. Get a written indicative approval before you commit to a booking, not after.
On the positive side, Sky Curve is registered under the Housing Development Act with developer licence 673/06-2028/1427(R) and an advertising and sales permit, which means the statutory sale and purchase agreement, progressive payments tied to certified milestones, late-delivery liquidated damages and a defect stakeholder sum all apply. Banks are comfortable with that structure.
The first-time-buyer stamp duty exemption for homes up to RM500,000 has been extended to 31 December 2027 — relevant to the entry layouts here at RM454,000, and worth checking against your own eligibility and the completion timeline. Tell me your situation and I will map the numbers for the specific unit you are considering.
Get the live price list, the stack plan and the actual maintenance rate
The statutory strip gives you the price envelope, not the price of the unit you want. Tell me the layout, the floor band and whether you want a Private Enclosed Space, and I will come back with what is actually released, what the maintenance rate is per square foot, and which stacks take the afternoon sun.
Serviced apartment on strata title, commercial-rate assessment and utilities. Foreign buyers are not eligible at any price disclosed for this development.
Louis Koh
11 years in Malaysian property · Johor Bahru & Kuala Lumpur new launches · English & 中文
I work with cross-border buyers from Singapore and with local investors. I'll tell you when a project isn't right for you — that's usually worth more than the brochure.
Published 2026-08-04 · Last verified 2026-08-04 against S P Setia Berhad's published project material. Unit availability, pricing and completion dates are set by the developer and subject to change. This page is marketing information, not an offer or a contract.
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