R&F Princess Cove Phase 3, New Casa Suites, Serviced Apartment, Johor Bahru, Johor
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
—
Location
Johor Bahru, Johor
Type
Serviced Apartment
Price
RM640k+
Tenure
—
Completion
—
NewProjek Verdict
R&F Princess Cove Phase 3, New Casa Suites, Serviced Apartment, Johor Bahru, Johor by the developer is a Serviced Apartment development in Johor Bahru, Johor starting from RM640k. With standard tenure, it offers a new launch opportunity worth evaluating against comparable projects in the area.
- • Developer verification status not confirmed
- • Priced 68% 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
RM2,500–3,400
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
7.8x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | ⚠️ Stretch |
| 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 |
|---|---|---|---|
| Nadira Residensi, Kota Tinggi, Johor - 2 Storey Terrace/Link House | Kulai | RM322k | New Launch |
| D'Putra Suites | Kulai | RM322k | New Launch |
| Harmoni Permai @ Bandar Universiti Pagoh | Muar | RM349k | 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.