Iskandar Property Census 2020 Q3: Median Price RM573,931 Or RM577psf

Jerren Lai
Head of Research at Datamine Malaysia
https://iskandar-property.my/

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Iskandar Property
Jerren Lai, Head of Research at Datamine Malaysia

The Iskandar Property Census research that tracks high-rise residential units in Iskandar Malaysia since 2012 released its latest 2020 Q3 result that shows the median price is at RM573,931 or RM577per square ft (psf).

Area breakdown shows Puteri Harbour having the highest price at RM979,125 or RM888psf followed by JB CIQ at RM836,125 or RM921psf. JB Inner City saw the median price at RM694,749 or RM595psf, JB Outer City at RM394,266 (RM423psf), Danga Bay at RM648,500 (RM534psf), Iskandar Puteri at RM434,714 (RM491psf), Medini at RM645,598 (RM773psf) and Tebrau Coast at RM494,520 (RM491psf).

Datamine team in action

Jerren Lai, Head of Research at Datamine Malaysia said, “The Iskandar Property census research is the equivalent of the Singapore URA research that systematically tracks properties using census data and give vital statistics for city planners and investors to make informed decision on their needs.”

While Singapore Urban Redevelopment Authority (URA) provides private residential property transaction data, the Iskandar Property Census tracks the median price and uses occupancy data to estimate the demand of each property. Data collection is done twice yearly at the property premise so that progress is archived, and researchers are on-the-ground to identify hotspots that feed into our forecast reports.

Iskandar Median Price statistics

The result is published in www.iskandar-property.my.

The Iskandar Property Census supplements the National Property Information Centre (NAPIC) data in that it covers detailed statistics on each high-rise property such as absolute and psf median price, demand and supply, hotspots and forecast for each specific area within Iskandar Malaysia. NAPIC provides a more ‘macro’ overview.

The objective of this research is to aid policy makers to estimate future demand and supply of properties in each suburb. In addition, foreign investors particularly Singaporeans are used to detailed research and review before making big-ticket investments in a foreign country. This tracking research pioneered by Datamine Malaysia fills that gap.

Datamine Malaysia is a market research firm based in Iskandar Malaysia that is synonymous with the Iskandar Property Census research. It uses census instead of sampling data to track Iskandar properties with researchers on-the-ground to identify hotspots that contribute to our forecast outlook. Six monthly fieldwork is done on the ground where each property is photo archive to alert investors on its progress.