Property Review

Taman Permata Layang, 1 Storey Bungalow @ Kluang, Johor

Powered by NAPIC + DOSM data

Generated 29 April 2026

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Executive Summary

Developer

Location

Kluang, Johor

Type

Bungalow

Price

RM378k+

Tenure

Leasehold

Completion

NewProjek Verdict

  • **Value & Pricing**: RM378,000 entry price is competitive for a 1-storey bungalow in Kluang's market segment; however, leasehold tenure limits long-term appreciation compared to freehold alternatives, requiring careful consideration of lease duration and renewal terms.
  • **Location & Connectivity**: Kluang offers affordable living with basic amenities, but lacks MRT connectivity and has limited public transportation options, making personal vehicle ownership essential and potentially reducing appeal to urban commuters seeking accessibility.
  • **Risk & Timing**: Completion timeline is unspecified, creating uncertainty around project delivery and investment returns; the secondary location status presents slower capital growth potential compared to developments near Johor Bahru's central areas, suitable primarily for owner-occupiers rather than investors.

NewProjek Score

6.3

Moderate

  • Developer verification status not confirmed
  • Leasehold tenure — check remaining lease years
  • Priced in line with area median
Market Price Analysis

Is this project priced fairly?

Developer PriceRM378,000
Johor MedianRM420,000
Priced 10% below area median

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

RM1,500–2,000

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

4.6x

National avg: 6.8x

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

Comparable Projects

Similar projects in Johor

Why Consider + Risk Factors

Why Consider

  • Affordable bungalow entry point in growing Kluang area
  • Strategic Johor location with highway connectivity potential
  • Spacious single-storey design ideal for families
  • Competitive pricing for landed property investment
  • Established residential development with community amenities

Risk Factors

  • Under construction — completion delays are possible
  • Leasehold tenure may depreciate faster than freehold
  • 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.