M Grand Minori
Powered by verified data + DOSM
Generated 6 July 2026
Developer
Mah Sing Group
Location
Taman Pelangi, Johor
Type
Freehold Serviced Residence
Price
RM390k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM390,000 entry price is competitive for a freehold serviced residence in Johor, offering reasonable value relative to similar developments, though pricing competitiveness depends on unit size, finishes, and amenities relative to comparable projects in the region.
- •**Location & Connectivity**: Taman Pelangi benefits from established residential infrastructure and accessibility via major roads, but the absence of nearby MRT connectivity limits public transport options and may constrain long-term appreciation potential compared to transit-oriented developments.
- •**Risk & Timing**: Completion and tenure details are not publicly specified, creating uncertainty around delivery timelines and financing terms; investors should seek clarification from the developer before commitment, and market absorption risk exists given Johor's competitive residential supply.
NewProjek Score
7.5
Worth Considering
- • Verified developer with established track record
- • 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
- • Located in Taman Pelangi, Johor
- • By Mah Sing Group
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.