Summit @ Lagoon Residences, Johor
Powered by verified data + DOSM
Generated 29 July 2026
Developer
M Summit Group
Location
Masai, Johor
Type
Serviced Apartment
Price
RM998k+
Tenure
Freehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: Unit prices starting from RM997,500 are competitive for serviced apartments in the Johor market, though the lack of premium amenities or MRT connectivity may limit appreciation potential compared to higher-priced developments in established corridors.
- •**Location & Connectivity**: Masai offers moderate accessibility via road networks to Johor Bahru's commercial hubs, but the absence of MRT proximity is a significant drawback for tenants and resale appeal, making it primarily suitable for car-dependent residents or investors targeting domestic workers and lower-income segments.
- •**Risk & Timing**: The absence of a specified completion date raises concerns about project delivery and cash flow timelines; combined with Masai's lower market visibility and reliance on serviced apartment rental demand, investors should verify developer track record and demand forecasts before commitment.
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
10.8x
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
RM7,712/mo
DOSM 2024
Mean Household Income
RM9,484/mo
DOSM 2024
Households Above RM8k
~43%
Estimated for Johor
Similar projects in Johor
| Project | Location | Price From | Status |
|---|---|---|---|
| CARISSA 1 SP Setia | Johor | RM500k | — |
| Allamanda 3 @ Meridin East Mah Sing Group | Pasir Gudang | RM500k | Under Construction |
| Allamanda @ Meridin East Mah Sing Group | Pasir Gudang | RM500k | Under Construction |
Why Consider
- • Freehold tenure ensures long-term ownership and asset security
- • Strategic Masai location provides access to growing commercial hub
- • Competitive pricing at under RM1 million for modern living
- • Serviced apartment model offers rental income and lifestyle flexibility
- • M Summit Group reputation backed by established property development track record
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 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.