- This week’s spotlight falls on the secondary market for non-landed residences in Johor Bahru. The areas covered in this survey include the industrial and maritime areas of Pasir Gudang; the mature estates of Skudai, Plentong and Taman Johor Jaya; the newer townships around Taman Setia Indah; the Johor Bahru city centre, and the Nusajaya region.
- Based on TheEdgeProperty.com’s analysis of transactions, the average transacted price of non-landed properties in the district rose in 2012 and have plateaued since mid-2013.
- The average transacted price retreated slightly to RM234 psf in 1Q2015, a 2% drop from the previous peak of RM239 psf in 3Q2014. However, this is still a 15% y-o-y growth on RM204 psf in 1Q2014, following a 6.3% y-o-y appreciation in the preceding year.
- Total transaction volume for the 12 months to 1Q2015 fell 43.9% y-o-y from 3,214 units to 1,802 units.
- Johor Bahru’s recent rapid development has been catalysed by the Iskandar Malaysia Economic Growth Corridor of five zones in Johor Bahru and Kulai. The Iskandar region is thrice as large as Singapore and twice larger than Hong Kong. Its key catalysts include Educity @ Iskandar, Afiat Healthpark, Iskandar Integrated Waterfront City and Ibrahim International Business District.
- Local stakeholders are expecting the Singapore to Johor Bahru Rapid Transit System (RTS) and the High Speed Rail (HSR) to Kuala Lumpur to be future catalysts. The RTS, which is integrated with the extensive public transport network in Singapore, will terminate at Bukit Chagar, close to the present Customs, Immigration and Quarantine Complex. The HSR will include a stop at Gerbang, Nusajaya.
Tap here for an indication of price trends in Johor Bahru
The Analytics are based on the data available at the date of publication and may be subject to revision as and when more data becomes available.
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TOP PICKS BY EDGEPROP
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Secoya Residences
Pantai Dalam/Kerinchi, Kuala Lumpur
RM 3,800
2 beds |
2 bath |
1050 sqft
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SkyVille 8
Jalan Klang Lama (Old Klang Road), Kuala Lumpur
RM 538,000
3 beds |
3 bath |
934 sqft
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Kuala Langat
Telok Panglima Garang, Selangor
RM 20,000,008
- beds |
- bath |
67000 sqft
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Bandar Baru Sri Petaling
Sri Petaling, Kuala Lumpur
RM 380,000
2 beds |
1 bath |
900 sqft
RENT
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Taman Sri Endah
Bandar Baru Sri Petaling, Kuala Lumpur
RM 2,100
4 beds |
3 bath |
1080 sqft
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Royal Domain Sri Putramas II
Dutamas, Kuala Lumpur
RM 600,000
3 beds |
2 bath |
1295 sqft
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The Pines Hillpark
Bandar Puncak Alam, Selangor
RM 540,000
4 beds |
3 bath |
1484 sqft
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Perdana Exclusive Condo
Damansara Perdana, Selangor
RM 399,000
3 beds |
2 bath |
979 sqft
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Taman Setiawangsa
Taman Setiawangsa, Kuala Lumpur
RM 1,500,000
4 beds |
3 bath |
1800 sqft