M Grand Minori
Powered by verified data + DOSM
Generated 15 June 2026
Developer
Mah Sing Group
Location
Taman Pelangi, Johor Bahru, Johor
Type
Freehold Serviced Residence
Price
RM390k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM390,000 entry price is competitive for freehold serviced residences in Johor Bahru, though pricing appears moderate relative to land tenure benefits; actual value depends on unit size and amenities not specified in available data.
- •**Location & Connectivity**: Taman Pelangi offers established residential infrastructure but lacks direct MRT access, limiting appeal to commuters; reliance on road connectivity and proximity to Johor Bahru CBD requires verification of actual transport convenience.
- •**Risk & Timing**: Completion timeline is undisclosed, creating uncertainty for investment returns and occupancy planning; Mah Sing's track record is established, though freehold serviced residences in secondary markets carry moderate execution risk depending on market absorption rates.
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
- • Established Taman Pelangi location with mature neighbourhood amenities
- • Freehold serviced residence offering excellent investment potential appreciation
- • Reputable Mah Sing Group developer ensures quality construction
- • Competitive RM390,000 price point for Johor Bahru market
- • Strategic Johor Bahru position near commercial and leisure
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.