iProperty.com

Are There Still Affordable Homes for Johoreans?

Take a drive from Nusajaya all the way to Tanjung Puteri and you cannot help but notice the many housing projects marketed as ‘luxurious’ by developers in Iskandar Malaysia. With an average pricing of RM1,000 psf for condominiums in Nusajaya and around RM900 psf for condominiums in Johor Bahru, a studio unit would range in price from RM450,000 to RM500,000. Is this something that locals can afford? Let us do

Iskandar Malaysia’s Eastern Corridor Could Be Game Changer for Supply Overhang

Iskandar Malaysia’s eastern corridor is poised for the next phase of economic growth as various developments are being planned in the pipeline to ensure that the spillover impact is more evenly distributed so as to benefit Johoreans and give the property sector a much-needed boost. Home to the largest oil & gas project in Pengerang as well as manufacturing and port industries in Pasir Gudang, the centre of gravity appears

Paradigm Shift In The Residential Market

JOHOR  According to NAPIC Report H1 2015, demand for residential properties for Johor in Q1 2015 saw a drop of 6.8% as compared to Q1 2014. Property prices in Johor have remained flat and have not appreciated with residential properties’ average price devaluing by 0.7%. Why do you think this is happening? ST: Johor Bahru in particular is at a transitional stage at the moment. The drop in transaction volume of

Iskandar Malaysia: Fundamentally Designed for Success

Iskandar has too much going for it to experience a setback. The slowing down of Iskandar Malaysia’s property sector has raised concerns amongst certain quarters although most analysts view it merely as a warranted transition. It is best described as a consolidation period as balance is achieved between supply and demand. The property “heat” in Johor has cooled down from the very high base of two years ago. Growth is naturally

Johor Bahru Real Estate Highlights 2H2015 2

Market Highlights  Iskandar Malaysia continue to register positive growth in investment, both local and foreign. As at November 2015, the cumulative investment was at RM187.96 billion compared to RM156.35 billion in October 2014. Slower absorption rate in the high-rise residential segment amid a cautious property market.  Infrastructure projects, namely the High-Speed Rail (HSR) and Rail Transit System (RTS) are expected to spur further economic growth. RESIDENTIAL  The uncertainties caused by