M Grand Minori
Powered by NAPIC + DOSM data
Generated 1 May 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 serviced residences in Johor Bahru's mid-tier segment, though actual value depends on unit size, finishes, and amenities which require clarification from the developer.
- •**Location/Connectivity**: Taman Pelangi offers established residential infrastructure but lacks direct MRT access, relying on road connectivity; proximity to highways and local amenities should be verified to assess convenience for daily commuting and lifestyle needs.
- •**Risk/Timing**: Completion timeline and tenure details are not publicly specified, creating uncertainty for investment planning; buyers should obtain confirmed handover dates and clarify freehold terms before commitment, particularly given the importance of these factors in Malaysian property transactions.
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 (NAPIC)
| 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%
NAPIC 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 |
|---|---|---|---|
| 2-Storey Terrace (RMMJ Type D) @ Taman Akasia, Kluang, Johor | Kluang | RM250k | New Launch |
| One49 Residence, Johor Bahru - Residential Apartment TH TEBRAU LAND SDN BHD | Johor Bahru | RM289k | New Launch |
| D'Putra Suites | Kulai | RM322k | Completed |
Why Consider
- • Freehold serviced residence in established Taman Pelangi neighbourhood
- • Reputable Mah Sing Group developer with proven track record
- • Competitive RM390,000 price point for modern serviced living
- • Strategic Johor Bahru location near commercial and retail hubs
- • Strong rental yield potential in growing residential area
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 NAPIC, 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.