M Grand Minori
Powered by verified data + DOSM
Generated 29 July 2026
Developer
Mah Sing Group
Location
Johor Bahru, Johor
Type
Serviced residence
Price
RM390k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM390,000 entry point for a serviced residence in Johor Bahru, the project offers competitive pricing within the mid-range segment, though actual value depends on unit size, finishes, and amenities relative to comparable developments in the area.
- •**Location & Connectivity**: The property lacks direct MRT access, which limits connectivity for those relying on public transport; however, its Johor Bahru location provides proximity to major commercial hubs and regional connectivity via highway networks, making it suitable for car-dependent buyers.
- •**Risk & Timing**: The absence of a specified completion date presents execution risk and timeline uncertainty; investors should verify the project's development stage and timeline before commitment, while Johor's property market remains sensitive to economic cycles and cross-border buyer sentiment.
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
4.2x
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
- • 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.