Property Review

Summit @ Lagoon Residences, Johor

Powered by NAPIC + DOSM data

Generated 29 April 2026

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Executive Summary

Developer

M Summit Group

Location

Masai, Johor

Type

Serviced Apartment

Price

TBA

Tenure

Freehold

Completion

NewProjek Verdict

  • **Pricing & Value**: Without confirmed pricing details, valuation assessment is premature; however, serviced apartments in emerging Masai areas typically offer lower entry costs than established zones, presenting potential value for budget-conscious investors, though rental yields will depend on final unit specifications and amenities.
  • **Location & Connectivity**: Masai's position along the Johor Bahru-Singapore corridor provides moderate accessibility via major highways, but the absence of MRT connectivity limits public transport convenience; proximity to industrial zones and developing commercial areas may support long-term growth, though current connectivity ranks below established submarkets.
  • **Risk & Timing**: The lack of specified completion dates introduces execution and market timing uncertainty; early-stage projects carry construction delays and market cycle risks, requiring investors to assess M Summit Group's track record and absorption rates in a competitive Johor residential market before commitment.

NewProjek Score

7

Worth Considering

  • Developer verification status not confirmed
  • Freehold tenure provides long-term ownership security
Market Price Analysis

Is this project priced fairly?

Price comparison data not available for this project.

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

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

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

Why Consider + Risk Factors

Why Consider

  • Located in Masai, Johor
  • Freehold title property
  • By M Summit Group

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.