Meridin @ Medini
Powered by verified data + DOSM
Generated 31 May 2026
Developer
Mah Sing Group
Location
Iskandar Puteri, Johor
Type
Condominium/Apartment
Price
RM379k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM379,000 entry point, the project offers competitive pricing for freehold units in the Iskandar Puteri corridor, though per-unit value proposition requires comparison with similar-sized developments in the same zone to confirm if pricing reflects current market rates.
- •**Location & Connectivity**: Iskandar Puteri's strategic position near Singapore border and business hubs provides long-term appeal, but the absence of nearby MRT connectivity is a notable limitation for daily commuters, relying instead on road infrastructure and future mass transit plans.
- •**Risk & Timing**: Completion timeline not being publicly specified introduces uncertainty for investors regarding capital recovery and rental yield timelines; coupled with broader Johor property market sensitivity to economic cycles and cross-border dynamics, timing of purchase and holding period warrant careful consideration.
NewProjek Score
7.5
Worth Considering
- • Developer verification status not confirmed
- • 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
RM1,500–2,000
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
4.6x
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 |
| Eco Tropics Eco World Development | Iskandar | RM279k | Under Construction |
| One49 Residence, Johor Bahru - Residential Apartment TH TEBRAU LAND SDN BHD | Johor Bahru | RM289k | New Launch |
Why Consider
- • Iskandar Puteri's fastest-growing economic hub with strong growth potential
- • Freehold tenure ensures long-term property ownership and value appreciation
- • Mah Sing Group's established reputation guarantees quality construction standards
- • Affordable entry price in high-demand Johor location
- • Strategic location near shopping, dining, and commercial centres
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.