R&F Princess Cove Phase 3, New Casa Suites, Serviced Apartment, Johor Bahru, Johor
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
R&F Properties
Location
Johor Bahru, Johor
Type
Serviced Apartment
Price
RM640k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: RM640,000 entry price is competitive for serviced apartments in Johor Bahru's mid-range segment, though the absence of tenure information and completion timeline limits assessment of long-term value proposition and potential rental yield viability.
- •**Location & Connectivity**: Johor Bahru location offers proximity to Singapore and established commercial zones; however, the lack of nearby MRT connectivity is a notable disadvantage compared to developments in Kuala Lumpur, potentially limiting appeal to investors seeking high-yield short-term rental markets.
- •**Risk & Timing**: Incomplete project specifications (missing tenure, completion date, and phase status) present material investment uncertainty; serviced apartments face market saturation risks in Johor Bahru, and timing of completion relative to market cycles remains unquantifiable without developer timelines.
NewProjek Score
5.5
Moderate
- • 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 |
|---|---|---|---|
| D'Putra Suites | Kulai | RM322k | Completed |
| Nadira Residensi, Kota Tinggi, Johor - 2 Storey Terrace/Link House | Kulai | RM322k | Completed |
| Harmoni Permai @ Bandar Universiti Pagoh | Muar | RM349k | New Launch |
Why Consider
- • Located in Johor Bahru, Johor
- • By R&F Properties
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
Sign in to view full review
Free forever. Get rental yield, loan eligibility, comparable projects and risk assessment.
Google sign-in or magic link • No password needed
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.