Property Review

Eco Spring @ Tebrau

Powered by NAPIC + DOSM data

Generated 29 April 2026

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Executive Summary

Developer

Location

Johor Bahru, Johor

Type

Bungalow

Price

RM1.4 mil+

Tenure

Completion

NewProjek Verdict

  • **Pricing & Value**: RM1.38M entry point is competitive for bungalows in Johor Bahru's mid-tier market, though value proposition depends on unspecified tenure (freehold vs leasehold) and final completion specifications which are not disclosed.
  • **Location & Connectivity**: Tebrau offers established residential appeal but lacks direct MRT access, limiting public transport convenience; accessibility relies on private vehicles or bus networks, which may impact long-term demand and resale liquidity compared to rail-connected areas.
  • **Risk & Timing**: Absent completion timeline and tenure details present material uncertainties; buyers face prolonged holding periods and unclear legal status, while the broader Johor property market remains sensitive to economic cycles and cross-border demand fluctuations.

NewProjek Score

5

Moderate

  • Developer verification status not confirmed
  • Priced 229% above area median — premium pricing
Market Price Analysis

Is this project priced fairly?

Developer PriceRM1,380,000
Johor MedianRM420,000
Priced 229% above area median

Johor — Median Condo Prices (NAPIC)

YearMedian PriceYoY Change
2021RM350,000
2022RM358,000+2.3%
2023RM365,000+2.0%
2024RM372,000+1.9%
2025RM380,000+2.2%
Investment Analysis

Est. Monthly Rental

RM5,400–7,300

Based on similar properties in Johor

Gross Rental Yield

5.0%–6.0%

Annual rental / property price

Area Price Trend

+8.6%

NAPIC data 2021–2025

Price-to-Income

16.7x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kNo
RM7,000RM1.0 milNo
RM10,000RM1.5 milStretch
RM15,000RM2.3 milYes
RM20,000RM3.2 milYes

Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin

Area Profile

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 + Risk Factors

Why Consider

  • Located in Johor Bahru, Johor
  • By Developer

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 NAPIC, 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.