Property Review

One49 Residence, Johor Bahru - Residential Apartment

Powered by NAPIC + DOSM data

Generated 30 April 2026

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Executive Summary

Developer

TH TEBRAU LAND SDN BHD

Location

Johor Bahru, Johor

Type

Serviced Apartment

Price

RM289k+

Tenure

Completion

NewProjek Verdict

  • **Value/Pricing**: RM289,000 entry price is competitive for the Johor Bahru apartment market, though value proposition depends on unit specifications and finishes; serviced apartment status typically commands premium positioning but justification requires clarity on amenities and management services offered.
  • **Location/Connectivity**: Johor Bahru location provides urban accessibility and growth potential, but absence of nearby MRT connectivity limits appeal to transit-dependent buyers; reliance on personal transport or bus networks may restrict market reach compared to developments near future MRT stations.
  • **Risk/Timing**: Project lacks published completion timeline and tenure details, creating uncertainty for investment planning and financing; delayed disclosure of these critical particulars suggests early-stage development with extended waiting periods, warranting caution on entry timing and commitment.

NewProjek Score

7

Worth Considering

  • Developer verification status not confirmed
  • Priced below area median — potential value opportunity
Market Price Analysis

Is this project priced fairly?

Developer PriceRM289,000
Johor MedianRM380,000
Priced 24% below area median

Johor — Median Condo Prices (NAPIC)

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

RM1,100–1,500

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

3.5x

National avg: 6.8x

Loan Eligibility by Salary

Monthly SalaryMax AffordableCan Afford?
RM5,000RM704kYes
RM7,000RM1.0 milYes
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

Why Consider + Risk Factors

Why Consider

  • Located in Johor Bahru, Johor
  • By TH TEBRAU LAND SDN BHD

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.