Allamanda 3 @ Meridin East
Powered by verified data + DOSM
Generated 15 July 2026
Developer
Mah Sing Group
Location
Pasir Gudang, Johor
Type
Landed House
Price
RM500k+
Tenure
Freehold
Completion
2026
NewProjek Verdict
- •**Value & Pricing**: RM500,000 entry point is competitive for freehold landed houses in the Pasir Gudang corridor, offering reasonable affordability compared to similar developments, though end valuations depend on final specifications and finishes.
- •**Location & Connectivity**: Pasir Gudang provides established residential infrastructure and commercial amenities, but the absence of nearby MRT access limits public transportation convenience and may constrain long-term capital appreciation relative to MRT-served locations.
- •**Risk & Timing**: Undefined completion timeline presents uncertainty for buyers; coupled with Johor's market sensitivity to economic cycles and potential oversupply in the Pasir Gudang sector, purchasers should verify developer track record and contractual protections before commitment.
NewProjek Score
8
Worth Considering
- • Verified developer with established track record
- • Freehold tenure provides long-term ownership security
- • Priced 19% above area median
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
RM1,900–2,600
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
5.4x
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
RM7,712/mo
DOSM 2024
Mean Household Income
RM9,484/mo
DOSM 2024
Households Above RM8k
~43%
Estimated for Johor
Similar projects in Johor
| Project | Location | Price From | Status |
|---|---|---|---|
| Eco Tropics Eco World Development | Iskandar | RM279k | Under Construction |
| D'Putra Suites | Kulai | RM322k | Completed |
| Harmoni Permai @ Bandar Universiti Pagoh | Muar | RM349k | New Launch |
Why Consider
- • Pasir Gudang industrial hub offers strong rental demand potential
- • Freehold tenure ensures full ownership and long-term value
- • Mah Sing Group reputation guarantees quality construction standards
- • RM500,000 entry price competitive for landed properties
- • Strategic location near major employment centres and amenities
Risk Factors
- • Under construction — completion delays are possible
- • No MRT/LRT station listed nearby — may affect future demand
- • Large development — higher unit supply may slow capital appreciation
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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.