Summit @ Lagoon Residences, Johor
Powered by verified data + DOSM
Generated 14 June 2026
Developer
M Summit Group
Location
Masai, Johor
Type
Serviced Apartment
Price
RM998k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM997,500 for serviced apartments in Masai, the project offers competitive entry-level pricing for freehold units; however, the lack of specified completion timeline creates uncertainty around actual value realization and potential cost escalations.
- •**Location & Connectivity**: Masai's proximity to established industrial and commercial zones provides functional accessibility, but the absence of nearby MRT connectivity limits long-term appreciation potential and relies heavily on private vehicle dependency compared to newer developments along transit corridors.
- •**Risk & Timing**: The developer's track record requires verification, and the unspecified completion date presents execution risk; investors should seek clarity on development milestones and realistic timelines before commitment, particularly given the serviced apartment segment's operational complexity.
NewProjek Score
6.5
Moderate
- • Developer verification status not confirmed
- • Freehold tenure provides long-term ownership security
- • Priced 163% above area median — premium pricing
Is this project priced fairly?
Johor — Median Condo Prices (Verified)
| 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
RM3,900–5,300
Based on similar properties in Johor
Gross Rental Yield
5.0%–6.0%
Annual rental / property price
Area Price Trend
+8.6%
Verified data 2021–2025
Price-to-Income
12.1x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | Stretch |
| 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
Why Consider
- • Located in Masai, Johor
- • Freehold title property
- • By M Summit Group
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
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Disclaimer: This report is generated using publicly available data from the government, 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.