Jasmine 2 @ Meridin East
Powered by verified data + DOSM
Generated 15 July 2026
Developer
Mah Sing Group
Location
Pasir Gudang, Johor
Type
Landed House
Price
RM495k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM495,000 entry price is competitively positioned for freehold landed houses in Pasir Gudang, offering reasonable value for the property type, though pricing justification depends on unit specifications and built-up area which require verification.
- •**Location & Connectivity**: Pasir Gudang offers industrial and commercial proximity but lacks MRT connectivity, relying on road-based transport; accessibility is moderate with dependency on personal vehicles, potentially limiting appeal to urban commuters.
- •**Risk & Timing**: Completion timeline is unspecified, creating uncertainty around delivery schedules and market conditions at handover; Mah Sing Group's track record is established, but lack of defined completion date warrants clarification before commitment.
NewProjek Score
7.8
Worth Considering
- • Verified developer with established track record
- • Freehold tenure provides long-term ownership security
- • Priced 18% 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
5.3x
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 location offers growing commercial and industrial hub opportunities
- • Freehold tenure ensures permanent ownership with strong long-term value
- • Mah Sing Group reputation delivers quality construction and reliable completion
- • Landed house format ideal for families seeking space and privacy
- • Emerging area with development potential attracts property appreciation prospects
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 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.