Oleander
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
—
Location
Johor Bahru, Johor
Type
Landed House
Price
RM808k+
Tenure
—
Completion
—
NewProjek Verdict
Oleander offers competitively priced landed houses starting from RM808,000 in Johor Bahru, making it accessible to first-time homebuyers and investors seeking affordability in the region. However, the project presents several information gaps that warrant caution, including missing tenure details, unspecified completion timeline, and absence of nearby MRT connectivity, which may impact long-term value appreciation and convenience. Prospective buyers should request comprehensive project specifications from the developer and assess the location's accessibility relative to their lifestyle needs before committing to a purchase.
- • Developer verification status not confirmed
- • Priced 92% above area median — premium pricing
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
RM3,100–4,300
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
9.8x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | ❌ No |
| 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 |
|---|---|---|---|
| Jade Palace @ Danga Bay | Skudai | RM430k | New Launch |
| Genting Indahpura @ Kulai, 2-Storey Terrace house | Kulai | RM437k | New Launch |
| Ledang Homes @ Genting Indahpura, Kulai, Johor | Kulai | RM437k | New Launch |
✅ Why Consider
- • Located in Johor Bahru, Johor
- • By Developer
⚠️ Risk Factors
- • Under construction — completion delays are possible
- • Premium pricing relative to area median may limit resale upside
- • No MRT/LRT station listed nearby — may affect future demand
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.