JB city centre, Johor Bahru · Completed 2023 · Subsale
Veranda Residences (Phase 1)
Towers A and B of Veranda Residences: 649 freehold serviced apartments by MB World Group off Jalan Abdul Rahman Andak and the Inner Ring Road, about 2.5 km from JB Sentral.
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Answer block
Veranda Residences (Phase 1) at a glance
Every figure here comes from the developer, the government housing register or the property records named at the foot of the page. Where sources disagree, the range is shown. Where nobody has published a number, it is not on this page.
Development
Veranda Residences (Phase 1)
Towers A and B; a later phase is not covered by this page
Address
Jalan Ikhlas
80100 Johor Bahru; the developer gives Jalan Abdul Rahman Andak / Jalan Lingkaran Dalam
Tenure
Freehold
MB World Group and PropertyGuru
Completed
2023
MB World Group; PropertyGuru gives 2022, so records differ
Units
649
MB World Group and PropertyGuru agree
Layouts
Recorded sales at 850 and 1,023 sq ft
EdgeProp; the developer page does not list Phase 1 sizes
Foreign buyers
Few, if any
PropertyGuru asking prices start near RM360,000
Why this address
Four things buyers weigh at Veranda Residences
A recently completed freehold block close to the city centre. Here is the case, and the catch.
Recently completed
The developer lists Phase 1 as completed in 2023, so the building and facilities are still young.
Close to the city centre
PropertyGuru puts JB Sentral about 2.5 km away and the Causeway within about 5 km.
Strong rental supply and demand
PropertyGuru showed 261 rent listings in October 2026, and EdgeProp puts the implied gross yield at about 6.3%.
What to weigh: two phases, one name
EdgeProp groups Phase 1 with a later phase (1,298 units in all), so listings and recorded prices may mix them. Confirm the tower before you offer.
The development
Veranda Residences (Phase 1), decoded
Towers A and B of Veranda Residences, freehold serviced apartments off Jalan Abdul Rahman Andak, Johor Bahru.
Facilities
As listed by MB World Group and PropertyGuru; floor levels are not published for Phase 1.
Water
Pools
- Swimming pool
- Spa pool
Active
Sports and fitness
- Fitness club
- Basketball court
- Yoga deck
Residents
Shared spaces
- Reading lounge
- Children’s playroom
- Multi-purpose hall
- BBQ area
- Drop-off plaza
- Entrance guardhouse
- RFID parking
Where the project is now
Gallery
Veranda Residences (Phase 1) in pictures
Images from the developer’s marketing material unless stated. Ask for the full set on WhatsApp.
Price and rent by layout
What each layout is asking at Veranda Residences (Phase 1)
Asking prices and rents seen on PropertyGuru in October 2026, matched to each layout by size. Asking prices are not sale prices; compare them with the recorded transactions above.
| Layout | Size | Asking price | Asking rent | Listings |
|---|---|---|---|---|
| – | about 600–700 sq ft | RM400,000–548,000 | RM1,600–2,500/mo | 18 |
| – | about 700–800 sq ft | – | RM2,100–2,200/mo | 3 |
| – | about 800–900 sq ft | RM550,000–700,000 | RM2,600–2,800/mo | 13 |
| – | about 1,000–1,100 sq ft | RM600,000–817,000 | – | 6 |
Free PDF: JB Condo Prices & Rents 2026
Recorded prices and rents for 122 JB condos, plus asking prices, rents and yields by area. Compare this project with its neighbours before you make an offer. What is inside
Location & connectivity
Where Veranda Residences (Phase 1) sits
Jalan Ikhlas, off Jalan Abdul Rahman Andak, 80100 Johor Bahru, Johor.
The recorded numbers
The price numbers
Recorded sales and asking prices are different things. Transacted figures come from deals recorded with the government valuation department; asking figures are what owners or the developer are listing at.
| Measure | Figure | Source and date |
|---|---|---|
| Transacted price median, last 48 months | RM653 psf · typical RM650–684 psf | EdgeProp, viewed Oct 2026 |
| Asking price for sale, 93 listings | From about RM360,000 · RM469–1,154 psf | PropertyGuru building page, Oct 2026 |
| Asking rent 261 listings | From about RM820 a month | PropertyGuru building page, Oct 2026 |
The transacted row is EdgeProp’s record over 48 months for Veranda Residences as a whole (it groups 1,298 units, so a later phase may be included); EdgeProp puts the implied gross yield at about 6.3%. Sale and rent rows are asking prices seen on PropertyGuru in October 2026, not transactions.
Track record
About MB World Group Berhad
MB World Group Berhad lists Veranda Residences Phase 1, Towers A and B with 649 units, as completed in 2023.
Around the building
What is near Veranda Residences (Phase 1)
The closest places on the map, measured in a straight line from the building. Driving distances are longer.
🚉 Getting around
- Bukit Chagar~1.3 km
- Johor Bahru Sentral~1.7 km
- Johor Bahru Sentral~1.7 km
🛍️ Malls
- Danga City Mall~300 m
- DNP Plaza~800 m
- SKS Tower~1.2 km
🎓 Schools
- Sekolah Menengah Kebangsaan (P) Sultan Ibrahim~100 m
- Sekolah Kebangsaan (P) Sultan Ibrahim~200 m
- SK Ngee Heng~300 m
- SK (P) Jalan Yahya Awal~400 m
🏛️ Colleges and universities
- Olympia College Johor Bahru~1.0 km
- Kolej Universiti Islam Johor Sultan Ibrahim~1.5 km
- Kolej Kejuruteraan & Sains Kreatif~1.5 km
🏥 Hospitals
- Maria Hospital~1.1 km
- Century Orthopaedic Specialist Clinic~1.4 km
- KPJ Johor Specialist Hospital~1.4 km
Map data © OpenStreetMap contributors. Names as recorded on the map; check opening and enrolment details yourself.
Is it for you?
Which kind of buyer are you?
The same building suits different people for different reasons. Pick the line that sounds like you.
🏠 Living here yourself
Ask me which stacks get the better view and the least afternoon sun; that changes the price more than the floor.
💰 Buying to rent out
Compare the recorded rents in "The price numbers" above with the instalment on your loan. Smaller layouts usually rent faster; larger ones hold tenants longer.
👨👩👧 Family with children
Check the school and clinic distances in the location section, the number of car parks per unit and how busy the lifts are at 7.30 am.
✈️ Buying from overseas
Foreigners can only buy above the state minimum price (RM1 million in Johor) and pay 8% stamp duty from 2026. Ask me which units here qualify before you shortlist.
Straight talk
What I will not hide from you
Every project has trade-offs. These are the ones I would want to know before paying a deposit.
- ⚠️ A newer project, so many owners are renting out at the same time. Expect competition for tenants for the first few years.
- ⚠️ Serviced apartments usually sit on commercial land. Utility tariffs and some loan terms can be less favourable than for a residential title.
- ⚠️ Most asking prices here are below RM1 million, so most units cannot be sold to foreigners in Johor. On resale, your buyers will mainly be locals.
- ⚠️ Asking prices are not sale prices. Compare any offer with the recorded transacted price per sq ft above before you commit.
The real cost
What buying here costs in 2026
Worked example for a unit at RM360,000, around the typical asking price here. Your figures will differ with the price and the bank.
| Malaysian buyer (90% loan) | Foreign buyer (70% loan) | |
|---|---|---|
| Purchase price | RM360,000 | RM360,000 |
| Down payment | RM36,000 | RM108,000 |
| Loan amount | RM324,000 | RM252,000 |
| Stamp duty on transfer (MOT) | RM6,200 | RM28,800 |
| Stamp duty on loan (0.5%) | RM1,620 | RM1,260 |
| Lawyer, sale agreement (incl. 8% SST) | RM4,860 | RM4,860 |
| Lawyer, loan agreement (incl. 8% SST) | RM4,374 | RM3,402 |
| Cash needed before keys | RM53,054 | RM146,322 |
| State consent fee for foreigners | – | 3% of the price or RM30,000 (Johor) |
Estimates only. Stamp duty: 1–4% tiers for Malaysians and PRs, 8% flat for foreigners from 1 Jan 2026. Legal fees follow the Solicitors’ Remuneration Order 2023. First-time Malaysian buyers of homes up to RM500,000 may get a stamp duty exemption until 2027. Valuation, disbursements and moving costs are not included.
Get these numbers for a real unitCalculate my exact costs →Straight answers
Frequently asked questions
How many units are there and what sizes?
Phase 1 has 649 serviced apartments in Towers A and B. The developer does not list Phase 1 sizes; EdgeProp has recorded sales of units around 850 and 1,023 sq ft.
Is Veranda Residences freehold?
Yes. MB World Group and PropertyGuru record freehold tenure.
Can a foreigner buy here?
In Johor a foreign buyer generally needs a purchase price of RM1 million or more (the state minimum can vary by area and property type), must obtain state consent from the Johor Land and Mines Office, and cannot buy Bumiputera lots, low-cost or affordable units, Malay Reserve land or single or one-and-a-half-storey terraces. Stamp duty on the transfer of a home is a flat 8% for foreign buyers from 1 January 2026. Johor also charges foreign buyers a consent levy of 3% of the price or RM30,000, whichever is higher (since 1 July 2025). PropertyGuru asking prices start near RM360,000 and EdgeProp’s recorded sales sit around RM650 psf, so few if any Phase 1 units would reach the RM1 million line.
How much does a unit rent for?
PropertyGuru showed 261 rental listings in October 2026, starting from about RM820 a month; check whole-unit listings for your layout.
Berapa harga Veranda Residences?
Harga transaksi median ialah RM653 sekaki persegi (EdgeProp, 48 bulan terakhir). Harga tawaran di PropertyGuru pada Oktober 2026 bermula sekitar RM360,000. Fasa 1 ialah pegangan bebas dan siap pada 2023.
Veranda Residences 价格多少？租金多少？
根据EdgeProp，过去48个月成交中位价约每平方尺RM653；2026年10月PropertyGuru挂牌价约RM36万起，月租约RM820起。第一期共649个单位，永久地契，2023年完工。
Which schools are near Veranda Residences (Phase 1)?
On map data, the nearest schools are Sekolah Menengah Kebangsaan (P) Sultan Ibrahim (~100 m), Sekolah Kebangsaan (P) Sultan Ibrahim (~200 m), SK Ngee Heng (~300 m). Distances are straight-line from the building.
Is there a train or bus station near Veranda Residences (Phase 1)?
The nearest stations on map data are Bukit Chagar (~1.3 km), Johor Bahru Sentral (~1.7 km), Johor Bahru Sentral (~1.7 km).
What is the nearest hospital and mall to Veranda Residences (Phase 1)?
The nearest hospital on map data is Maria Hospital (~1.1 km), and the nearest mall is Danga City Mall (~300 m).
How much cash do I need to buy at Veranda Residences (Phase 1)?
For a unit at RM360,000,, a Malaysian buyer with a 90% loan needs about RM3,402 before getting the keys, covering the down payment, stamp duty and legal fees. A foreign buyer with a 70% loan needs about RM53,054, before the state consent fee. The full table is in "What buying here costs in 2026".
Compare
Worth putting beside this one
Same area first, then a similar budget. Chosen so you can compare the numbers yourself, not for which one pays the agent more.
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D’Esplanade Residence
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View project →Larkin, Johor Bahru
M Condominium
Leasehold, 944 units in four blocks at Larkin Perdana, completed 2016. Recorded median about RM441 psf.
View project →Get the current price list and units available at Veranda Residences (Phase 1)
Prices move and the better units go first. Tell me your budget and whether you are buying to live in or to rent out, and I will send back the units that fit, not a generic brochure.
Buying, selling or renting: one conversation, no obligation.
Jason Lim
10 years in Malaysian property · Johor Bahru & Kuala Lumpur · REN 84424 · IQI Realty Sdn. Bhd. E (1) 1584/6
I work with local families, investors and buyers from Singapore and overseas. If a project is not right for what you need, I will say so; that is usually worth more than the brochure.