The Address @ Maxim Pelangi Review: From RM4XXK in Taman Pelangi — Worth It?
The Address @ Maxim Pelangi is Maxim Global's major entry into Johor Bahru, combining a mature Taman Pelangi location, three residential towers, 2,743 serviced apartments, retail below the residences and layouts from approximately 450 sqft to 865 sqft.
Unlike projects positioned directly beside RTS Bukit Chagar, The Address is better assessed as a mature-neighbourhood, city-fringe proposition with access to KSL, Plaza Pelangi, established food and retail, together with wider CIQ and RTS connectivity.
Is The Address @ Maxim Pelangi Worth Considering?
The Address is particularly relevant to buyers who want a mature Taman Pelangi location at an RM4XXK entry range and are comfortable with a large-scale serviced-residence development.
Its strongest combination is freehold title + Taman Pelangi + established surrounding amenities + Maxim Global + Binastra main contractor + multiple 1–3 bedroom layouts.
The main trade-offs are its 2,743-unit supply, the fact that it is not a walk-to-RTS core development, and several project figures published across corporate, construction and sales documents that require buyers to understand which source they are looking at.
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The Address @ Maxim Pelangi — Key Project Facts
VERIFIED PROJECT STRUCTURE*Parking allocation, final selling price, package, maintenance charge and completion terms should be verified against the selected unit's latest written sales documents and SPA.
Why Do The Address Maxim Pelangi Numbers Differ Across Websites?
ENJ DATA VERIFICATIONDifferent Numbers Do Not Automatically Mean One Website Is Wrong
Some differences can result from gross land versus development footprint, podium-inclusive versus residential-storey counting, approved price versus promotional net price, or construction completion versus vacant-possession timing.
For tenure, ENJ gives greater weight to the actual title-related Bursa acquisition disclosure. For the buyer's legal completion date and purchase obligations, the SPA and current approved project documentation should take priority.
The Address Tower Supply — What Do 2,743 Units Actually Mean?
ENJ ORIGINAL QUANTITATIVE ANALYSISENJ calculations: 858 + 858 + 1,027 = 2,743 serviced apartments. Percentages are ENJ calculations rather than developer marketing percentages.
1. Towers A and B Represent Almost Two-Thirds of Supply
Towers A and B contain 1,716 apartments, representing approximately 62.6% of the total development supply.
Buyers should compare not only layout, but also which tower, stack, view direction and lift core their unit belongs to.
2. Tower C Is the Largest Individual Supply Pool
Tower C contains 1,027 residences, equal to approximately 37.4% of the entire residential project.
This makes Tower C particularly important when considering future same-development rental and resale competition.
3. Parcel-Level Density Indicator Is About 421 Units Per Acre
Using 2,743 residences and the approximately 6.51-acre title parcel, ENJ calculates a simple gross indicator of around 421 residential units per acre.
This is not a statutory planning-density calculation.
4. Do Not Compare the RM4XXK Entry Unit With the 865 sqft Unit as the Same Product
The largest mainstream 865 sqft layout is approximately 1.92 times the size of the 450 sqft entry layout.
Their household profile, purchase price, maintenance cost and future competing supply should therefore be assessed separately.
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The Address Location Review — What Are You Actually Paying For?
ENJ GEO ANALYSISThe Address is positioned in the Taman Pelangi corridor, where much of the neighbourhood infrastructure already exists today.
This makes its location thesis different from a new township or a project whose value proposition depends mainly on future infrastructure.
| Location Factor | Current Reference | ENJ Buyer Interpretation |
|---|---|---|
| RTS Bukit Chagar | Approx. 3km public project reference | Relevant for Singapore-linked mobility, but this is not a walk-to-RTS core project. |
| CIQ / Causeway | Approx. 3.2km public reference | Close enough to remain relevant for cross-border buyers, but actual route and peak-hour driving conditions matter. |
| KSL / Plaza Pelangi | Established surrounding retail | One of the project's more immediate lifestyle advantages because these amenities already operate today. |
| Taman Pelangi | Mature neighbourhood | Restaurants, cafés, shops, schools and healthcare reduce reliance on future masterplan delivery. |
The Address Should Compete on Taman Pelangi — Not Pretend to Be an RTS-Core Project
Its more defensible location proposition is: mature neighbourhood, established retail, city access and reasonable connectivity toward CIQ / RTS.
Buyers whose first requirement is direct daily walking access to RTS should compare Bukit Chagar alternatives.
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Who Is Building The Address @ Maxim Pelangi?
CONSTRUCTION VERIFICATIONBinastra Builders
Binastra Builders Sdn Bhd was formally awarded the main building works by Maxim Pelangi Sdn Bhd in January 2026.
RM742.9 Million Contract
The published main-building contract value is approximately RM742.9 million, inclusive of contingency but excluding applicable service tax.
38-Month Main Works Period
The contractor's published programme runs from 5 March 2026 for 38 months.
Large-Scale High-Rise Scope
The contract covers all three residential towers, podium parking, commercial space, facilities and supporting works.
A publicly disclosed main-contractor appointment provides buyers with another measurable project-progress reference. However, the contractor's 38-month work programme is not the same as the legal vacant-possession date promised in an individual SPA.
Maxim Global Developer Track Record
DEVELOPER TRACK RECORDThe project company is Maxim Pelangi Sdn Bhd, in which Bursa-listed Maxim Global Berhad holds a controlling stake.
Maxim Global Berhad is a publicly listed Malaysian group with property development and construction operations.
Maxim's annual reporting records vacant possession of Mizumi Residences in September 2021, providing buyers with a completed high-rise reference.
The wider portfolio includes developments associated with The Address Taman Desa, Majestic Maxim, Metro Kepong and newer Maxim-series projects.
The Address represents Maxim Global's expansion outside its traditional Klang Valley development base into Johor Bahru.
Public reporting identifies The Address as a major RM1.7 billion development and one of Maxim Global's largest projects to date.
Established Developer — But Johor Is a New Market for the Group
Maxim Global gives buyers a public financial-reporting trail and several completed high-rise projects to study.
At the same time, The Address represents a major geographic and project-scale expansion. Buyers should therefore evaluate both the group's past track record and the actual construction progress of this Johor project.
The Address Floor Plans — Which Layout Fits Which Buyer?
| Type | Built-Up | Layout | ENJ Buyer View |
|---|---|---|---|
| Type A1 / A2 | 450 sqft | 1 Bedroom | Compact entry format suited to singles, couples and buyers prioritising lower ownership cost. |
| Type B1 / B2 | 660 sqft | 2 Bedrooms · 2 Bathrooms | More balanced for longer own stay, couples, work-from-home or a small household. |
| Type C | 865 sqft | 3 Bedrooms · 2 Bathrooms · Dual Key | Strongest family and multi-generation option, with additional occupancy flexibility. |
The most affordable unit is not automatically the best-value unit. A 450 sqft buyer and an 865 sqft dual-key buyer have completely different space requirements, monthly costs and future tenant competition.
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What Could Maintenance Cost Look Like?
ENJ ILLUSTRATIVE COST ANALYSISCurrent sales material commonly references approximately RM0.40 per sqft. Using that rate only as an illustration:
| Built-Up | Illustrative Monthly Maintenance |
|---|---|
| 450 sqft | ≈ RM180 |
| 660 sqft | ≈ RM264 |
| 865 sqft | ≈ RM346 |
Illustrative calculation only. Buyers should obtain the latest written maintenance and sinking-fund information before making a purchase decision.
The Address @ Maxim Pelangi Pros & Cons
Pros — What We Like
Established Taman Pelangi environment
Food, shops, malls and healthcare already exist around the area.
Freehold title parcel
The original Bursa land acquisition provides a strong title-level reference.
RM4XXK entry positioning
Gives the project a different entry profile from many RTS-core developments.
450–865 sqft layout range
Provides choices for singles, couples and smaller families.
Dual-key option
Type C adds flexibility for multi-generation or separated occupancy.
Publicly disclosed main contractor
Binastra's RM742.9 million contract creates another trackable construction reference.
Bursa-listed group
Buyers can review Maxim Global's public financial and development history.
Cons & Buyer Considerations
2,743-unit internal supply
This is a large city high-rise project, creating meaningful same-development resale and rental competition.
Not a walk-to-RTS core project
Buyers should not compare it directly with a 200–400m Bukit Chagar residence.
Project data differs across published sources
Land area, storey definitions, pricing and completion references require careful source checking.
First major Johor expansion
Maxim's completed track record is mainly concentrated in the Klang Valley.
Smaller layouts may face greater competition
Compact city units typically attract overlapping buyer and tenant profiles.
Transport proposals remain future-oriented
Proposed shuttle or future transit references should not be treated as completed infrastructure.
Who Is The Address Maxim Pelangi Suitable For / Not Suitable For?
More Suitable For
Buyers with an RM4XXK–RM7XXK starting budget
Particularly buyers comparing mature-city high-rise projects.
Taman Pelangi lifestyle buyers
Buyers who value existing restaurants, malls and neighbourhood convenience.
Singles and couples
450 and 660 sqft layouts target smaller households.
Small families
The 865 sqft Type C provides more practical family space.
Freehold-focused buyers
Buyers specifically looking for a central Johor Bahru freehold option.
↔ May Not Be Suitable For
Daily walk-to-RTS buyers
Projects directly around Bukit Chagar offer materially different pedestrian access.
Low-density buyers
2,743 residences is not a low-density proposition.
Families needing 1,000+ sqft
Mainstream current layouts peak around 865 sqft.
Buyers wanting immediate occupation
The project remains under construction.
Buyers relying only on projected rental returns
Location and dual-key flexibility do not guarantee tenant demand or yield.
Need the Full The Address Maxim Pelangi Project Details?
This Review focuses on buyer decision analysis. For floor plans, facilities, tower information, current package and unit availability, continue to ENJ's main project page.
View Full The Address Project Details → Check Latest Units With EdvenWhat Should Buyers Compare With The Address?
| Buyer Priority | Project to Compare | Why Compare |
|---|---|---|
| Same Taman Pelangi location | M Grand Minori | The most direct comparison for mature-area living, entry price, developer profile and layout strategy. |
| KSL / Kebun Teh city-fringe option | The Asteriaz | Useful for comparing EXSIM, KSL connectivity and a different residential supply structure. |
| Stronger RTS walkability | Aethera Residences | Relevant to buyers who place RTS pedestrian access above mature-neighbourhood convenience. |
| RTS / CIQ integrated city-centre living | Coronade Twins | A very different proposition centred around cross-border pedestrian connectivity and mixed development. |
What Buyers Should Verify Before Booking The Address
Actual Selling Price
Ask for the latest written price list, rebates and package because approved, gross and net promotional prices can differ.
SPA Completion Date
Do not use the main contractor's construction programme as a substitute for the legal SPA completion obligation.
Selected Tower
Tower A, B and C differ in total supply, orientation and building configuration.
Maintenance Fee
Confirm the latest written rate and sinking-fund treatment.
Car-Park Allocation
Confirm the actual bay entitlement attached to the selected unit.
Future Transport Features
Treat any proposed shuttle or transit component as future infrastructure until formally completed and operational.
What Could Change Our View of The Address?
ENJ UPDATE WATCHConstruction Progress
The large Binastra construction package provides a measurable schedule to monitor over the coming years.
Final Transport Connectivity
Actual RTS, shuttle and surrounding transport behaviour will provide better evidence than current projections.
Resident & Tenant Mix
Completion will reveal whether the project develops mainly around own-stay, professional tenants or a mixed occupancy profile.
Actual Rental & Resale Transactions
Real market transactions should eventually replace promotional rental-return assumptions.
The Address Maxim Pelangi Review — Frequently Asked Questions
Is The Address Maxim Pelangi freehold?
The original Bursa acquisition disclosure identifies Lot 16996, GRN 38933 in Mukim Plentong as freehold land. Buyers should still verify the title and SPA documentation for the selected unit.
Who is the developer of The Address Johor Bahru?
The project company is Maxim Pelangi Sdn Bhd, with Maxim Global Berhad holding a controlling stake.
How many units are there?
The development comprises 2,743 serviced apartments across three residential towers, together with 56 commercial units.
What are the unit sizes?
The main current layouts are approximately 450 sqft, 660 sqft and 865 sqft.
Does The Address have dual-key units?
Yes. Current project material includes an 865 sqft Type C flexible dual-key configuration.
How far is The Address from RTS Bukit Chagar?
Current developer-sourced public project information commonly references approximately 3km to RTS Bukit Chagar. The project should be treated as RTS-accessible, not an immediate walk-to-RTS core development.
How far is The Address from Johor Bahru CIQ?
Current public project information references approximately 3.2km to the CIQ and Causeway corridor.
What is the starting price?
Public price references currently sit within the RM4XXK range. Different sources show approved, gross and promotional figures, so buyers should request the latest written price list for the actual unit being considered.
Is The Address a low-density project?
No. With 2,743 residences across three towers, The Address should be considered a large-scale urban high-rise development.
Is The Address suitable for family own stay?
It may suit smaller families, particularly buyers considering the larger 865 sqft layout and who value Taman Pelangi's mature neighbourhood amenities.
Is The Address suitable for daily Singapore commuters?
It may suit Singapore-linked buyers who are comfortable commuting from Taman Pelangi towards CIQ or RTS. Buyers requiring direct station walkability should compare projects located closer to Bukit Chagar.
ENJ Sources & Review Method
Last reviewed: 2 September 2026
Title and land verification: Maxim Global Bursa disclosures concerning the acquisition of GRN 38933, Lot 16996, Mukim Plentong.
Construction verification: Binastra Corporation's January 2026 public announcement covering the main building contract awarded by Maxim Pelangi Sdn Bhd.
Project information: current project sales material, approved advertising information, Maxim Global corporate reporting and developer-sourced public project information.
ENJ original analysis: tower-supply percentages, parcel-level units-per-acre indicator, layout-size comparison, location trade-off, Pros & Cons and buyer suitability are ENJ calculations or analytical interpretations rather than developer guarantees.
Comparing The Address With Other Taman Pelangi Projects?
ENJ Real Estate can help compare The Address, M Grand Minori, The Asteriaz, Aethera and other Johor Bahru projects based on actual price, layout size, project density, developer profile, construction status and your intended use.
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