7 out of 10 Property Purchases in Johor Transact in…

3 out of 10 Property Purchases in Johor Transact in… 1

It was a star-studded mingling night organised by iProperty which brought together the country’s biggest developers, property experts and strategic media players for an evening of networking and more importantly, to learn the current property trends in Johor.

3 out of 10 Property Purchases in Johor Transact in…
Premendran Pathmanathan, General Manager Data Services of iProperty.com Malaysia sharing the facts of the market

Premendran Pathmanathan, General Manager Data Services of iProperty.com Malaysia, informed the attendees that 7 out of 10 buyers or 70% property purchases in Johor have transacted in the Iskandar Malaysia region as of September 2016 over a one year period. In total, 12,400 sub-sale purchases were recorded in the state over that same period with 8,400 units being sold in the Iskandar Region while 4,000 units were outside the Iskandar Malaysia zone.

He added that 71% of the buying trend was dominated by terrace houses while apartments only had 9% transactions. 80% of purchases were done below RM500,000 which sends out a clear message on the buying trend in the state.

3 out of 10 Property Purchases in Johor Transact in… 1
CEO of iProperty.com Malaysia Haresh Khoobchandani played host

The mingling night was kicked off by Haresh Khoobchandani, CEO of iProperty.com Malaysia & Singapore who stressed the importance of the number of audience versus engagement while explaining about online advertising and impressions.

Also taking the stage was Emely Poon from Astro Malaysia and Nianci Phang, Consumer Marketing Manager of iProperty.com Malaysia.

iProperty Group is an ASX-listed company and is the country’s No.1 property website.

Correction:

The Iskandarian Print Issue 57 (May 2017) contained an error in the header and the content of this articles. It should read as ‘7 out of 10 Property Purchases in Johor Transact in…’ instead of ‘3 out of 10 Property Purchases in Johor Transact in…’. Likewise, it should read as; Premendran Pathmanathan, General Manager Data Services of iProperty.com Malaysia, informed the attendees that 7 (not 3 as how it appears in print) out of 10 buyers or 70% property purchases in Johor have transacted in the Iskandar Malaysia region as of September 2016 over a one year period. The Iskandarian regrets the oversight.

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