M Grand Minori
Powered by verified data + DOSM
Generated 30 July 2026
Developer
Mah Sing Group
Location
Taman Pelangi, Johor Bahru, Johor
Type
Freehold Serviced Residence
Price
RM390k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry price of RM390,000 is competitive for freehold serviced residences in Johor Bahru, though pricing competitiveness depends on unit size, finishes, and amenities relative to comparable projects in the vicinity.
- •**Location & Connectivity**: Taman Pelangi offers established residential infrastructure but lacks direct MRT access; accessibility relies on road networks and public bus services, which may limit appeal for commuters dependent on rapid transit systems.
- •**Risk & Timing**: Absence of specified completion dates and tenure details creates uncertainty for investors regarding project timeline and legal structure; recommended to verify these critical details with the developer before commitment.
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
4.2x
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
- • 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.