Property Review

Harmoni Permai @ Bandar Universiti Pagoh

Powered by NAPIC + DOSM data

Generated 29 April 2026

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Executive Summary

Developer

Location

Muar, Johor

Type

Landed House

Price

RM349k+

Tenure

Completion

NewProjek Verdict

  • **Value & Pricing**: RM349,000 entry price is competitive for landed houses in secondary markets, offering reasonable affordability for first-time buyers and investors seeking rental yield in a university-adjacent location; however, pricing competitiveness should be verified against comparable developments in Muar.
  • **Location & Connectivity**: Proximity to Universiti Teknologi Mara (UiTM) Pagoh provides steady tenant demand potential, though absence of MRT connectivity and reliance on personal vehicles limits broader market appeal; accessibility depends heavily on road infrastructure and distance to Muar town center.
  • **Risk & Timing**: Unspecified completion date and tenure terms present material uncertainties that require clarification before commitment; secondary market liquidity in Muar may be constrained compared to major urban centers, potentially affecting future exit strategies and resale timelines.

NewProjek Score

6.5

Moderate

  • Developer verification status not confirmed
  • Priced below area median — potential value opportunity
Market Price Analysis

Is this project priced fairly?

Developer PriceRM349,000
Johor MedianRM420,000
Priced 17% below 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

RM1,400–1,800

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

4.2x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kYes
RM7,000RM1.0 milYes
RM10,000RM1.5 milYes
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

Comparable Projects

Similar projects in Johor

ProjectLocationPrice FromStatus
2-Storey Terrace (RMMJ Type D) @ Taman Akasia, Kluang, JohorKluangRM250kNew Launch
One49 Residence, Johor Bahru - Residential ApartmentJohor BahruRM289kNew Launch
D'Putra SuitesKulaiRM322kCompleted
Why Consider + Risk Factors

Why Consider

  • Located in Muar, Johor
  • By Developer

Risk Factors

  • Under construction — completion delays are possible
  • 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.