M Grand Minori
Powered by verified data + DOSM
Generated 14 June 2026
Developer
Mah Sing Group
Location
Johor Bahru, Johor
Type
Serviced residence
Price
RM390k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM390,000 entry price is competitive for serviced residences in Johor Bahru's mid-range segment, though actual value depends on unit size, finishes, and amenities which require detailed comparison with similar projects in the area.
- •**Location & Connectivity**: Johor Bahru location offers accessibility to major commercial zones and cross-border opportunities, but absence of MRT connectivity limits public transport appeal compared to properties along planned or existing rapid transit corridors, relying instead on road-based mobility.
- •**Risk & Timing**: Completion timeline not being specified presents uncertainty for investors and end-users regarding cash flow and occupancy timelines; combined with serviced residence market sensitivity to tourism and business travel demand, market conditions at completion should be carefully monitored before commitment.
NewProjek Score
8.5
Strong Buy Signal
- • Verified developer with established track record
- • Freehold tenure provides long-term ownership security
- • Priced in line with 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
RM1,500–2,100
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
4.7x
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
RM6,879/mo
DOSM 2022
Mean Household Income
RM8,517/mo
DOSM 2022
Households Above RM8k
~39%
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
- • Johor Bahru prime location with strong growth potential
- • Affordable entry price for serviced residence ownership
- • Mah Sing Group reputable developer with track record
- • Freehold tenure ensures long-term property value retention
- • Strategic location near commercial and amenities hub
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.