Property Review

Molek Pine 4

Powered by verified data + DOSM

Generated 14 June 2026

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Executive Summary

Developer

Location

Johor Bahru, Johor

Type

Serviced Apartment

Price

RM944k+

Tenure

Completion

NewProjek Verdict

  • **Pricing & Value**: Unit pricing from RM944,000 is competitive for serviced apartments in Johor Bahru's mid-range segment, though value assessment is limited without clarity on unit size, facilities, and rental yield potential compared to nearby developments.
  • **Location & Connectivity**: The property's accessibility depends heavily on proximity to major roads and commercial zones, but the absence of MRT connectivity is a significant drawback for long-term appreciation and tenant appeal in an increasingly transit-oriented market.
  • **Risk & Timing**: Critical investment uncertainties exist due to missing tenure details and no specified completion timeline, creating challenges for financing approval, occupancy planning, and exit strategy; delayed completion timelines are common risks in Johor Bahru developments.

NewProjek Score

5.5

Moderate

  • Developer verification status not confirmed
  • Priced 148% above area median — premium pricing
  • Completed project — no construction risk
Market Price Analysis

Is this project priced fairly?

Developer PriceRM944,000
Johor MedianRM380,000
Priced 148% above area median

Johor — Median Condo Prices (Verified)

YearMedian PriceYoY Change
2021RM350,000
2022RM358,000+2.3%
2023RM365,000+2.0%
2024RM372,000+1.9%
2025RM380,000+2.2%
Investment Analysis

Est. Monthly Rental

RM3,700–5,000

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

11.4x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kNo
RM7,000RM1.0 milStretch
RM10,000RM1.5 milYes
RM15,000RM2.3 milYes
RM20,000RM3.2 milYes

Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin

Area Profile

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

Comparable Projects

Similar projects in Johor

ProjectLocationPrice FromStatus
Jasmine @ Meridin East

Mah Sing Group

Pasir GudangRM495kUnder Construction
Jasmine 2 @ Meridin East

Mah Sing Group

Pasir GudangRM495kUnder Construction
Why Consider + Risk Factors

Why Consider

  • Located in Johor Bahru, Johor
  • By Developer

Risk Factors

  • Premium pricing relative to area median may limit resale upside
  • 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.