Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Investments»Iskandar Malaysia property market shows patchy recovery as only strategic and well-managed projects attract buyers and investors » Singapore News
    Investments

    Iskandar Malaysia property market shows patchy recovery as only strategic and well-managed projects attract buyers and investors » Singapore News

    August 16, 20243 Mins Read


    MALAYSIA: The Iskandar Malaysia property market is seeing a patchy recovery as it moves past previous oversupply issues.

    According to RHB Research, properties near the Rapid Transit System (RTS) Link station at Bukit Chagar are achieving average selling prices of RM1,000 (S$298) to RM1,300 (S$387) per square foot, comparable to many high-end condominiums in Kuala Lumpur City Centre.

    However, not all areas in Iskandar Malaysia are “blossoming.” The New Straits Times reported that some completed projects still see prices up to 40 per cent below their initial launch values.

    Only projects in prime locations and well-managed commercial properties are attracting interest from buyers, investors, and tourists. Currently, there are around 11 projects situated around the RTS Link station at Bukit Chagar.

    The Singaporean government has also advised caution regarding overseas property investments following reports of an oversupply in Iskandar, Malaysia.

    A Singaporean lawmaker, referencing data from Malaysia’s National Property Information Centre (NAPIC), said that Johor has the highest number of upcoming property developments in the country.

    Despite these concerns, RHB Research remains optimistic about the region’s prospects, particularly with the upcoming RTS Link completion projected for late 2026.

    This major infrastructure development is expected to drive significant changes, attracting local and foreign investment. Increased cross-border movement and spending by Singaporean visitors are also anticipated to boost Johor’s retail and hospitality sectors.

    According to RHB Research, “The completion of the RTS Link at the end of 2026 will not only see more intense cross-border human traffic, but may also attract Malaysians from other states to relocate to Johor and work in Singapore in the future.”

    Rising rental prices in Singapore and a recent increase in additional buyer’s stamp duty for foreigners have also made Johor a more appealing option for those seeking affordable living arrangements.

    While the issue of property overhang remains, recent NAPIC data suggests gradual improvement. The number of overhang units in Johor, which peaked at 7,030 in late 2020, has decreased to 4,228 by the end of 2023.

    RHB Research anticipates that this number will continue to decrease in the coming years.

    The Johor state government’s freeze on new serviced apartment applications in 2015 led major developers to aggressively reduce their unsold inventory starting in 2017. During the market slowdown from 2015 to 2020, developers also cut back on new launches.

    With major transport projects like the RTS Link on the horizon, RHB Research expects that overhang units will continue to decline and new demand will emerge, driven by foreign and domestic direct investments.

    RHB Research further noted that increased sales by Tier-1 developers in Johor over the past three to four years indicate the Iskandar Malaysia property market is recovering better than initially perceived.

    The report pointed out that these sales have largely come from landed residential and commercial properties within ongoing township projects. /TISG

    Read also: Johor’s Shenzhentrification: Can Malaysia really mirror Shenzhen’s success?





    Post navigation





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Pension investments: Six steps to follow when looking at your retirement savings

    Investments

    Selon un récent dépôt auprès de la SEC, Sei Investments Insider a vendu des actions pour une valeur de 12 006 823 dollars.

    Investments

    Un actionnaire de Skechers poursuit le fabricant de chaussures pour obtenir des détails sur le rachat de 9,4 milliards de dollars par 3G

    Investments

    Primorus Investments plc publie ses résultats pour l’exercice clos le 31 décembre 2024

    Investments

    Aberdeen Investments : Pruksa Iamthongthong nommée head of equities Asie-Pacifique

    Investments

    CPP Investments se retire d’Informatica par le biais d’une transaction avec Salesforce

    Investments
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    ARS choisit SS&C pour soutenir sa gamme de produits à revenu garanti -Le 18 mars 2025 à 14:00

    Commodities

    From agricultural excellence to sewage plans: Jamaica’s premier research station faces existential threat

    Commodities

    Une comédie de Michel Leclerc, les 50 de Métal Hurlant et le nouveau spectacle d’Alex Lutz

    Editors Picks

    3 Tokens That Could Explored as Paul Atkins Leads Cryptocurrency Regulation Shift

    March 27, 2025

    Wheaton Precious Metals Announces Second Quarter 2024 Results and Record Operating Cash Flow for the First Half of 2024

    August 7, 2024

    How Hurricane Helene, Milton worsened the climate refugee crisis

    October 14, 2024

    Police log: cryptocurrency financial scam, traffic stop arrests

    May 22, 2025
    What's Hot

    Are Australian pubs a smart investment? Pros, cons and insights

    October 16, 2024

    Oil edges higher as Trump extends tariff deadline on EU goods

    May 25, 2025

    ‘Bitcoin Rights Bill’ Passed By Pennsylvania House With Bipartisan Backing — Protects Right To Self-Custody Crypto – Coinbase Glb (NASDAQ:COIN)

    October 25, 2024
    Our Picks

    Pourquoi l’Europe n’a pas su créer une City continentale post-Brexit, et encore moins une City technologique

    May 26, 2025

    Hyperline lève près de 10 millions de dollars pour son logiciel de gestion de revenus

    January 15, 2025

    IndyCar sponsorship gives metal fabrication industry exposure on a grand scale

    July 13, 2024
    Weekly Top

    Ambiance rock garantie au Puy-Sainte-Réparade avec le groupe pop rock Silver Fox au château La Coste

    June 1, 2025

    Quand le métal devient métaphore de l’élévation : le 71e congrès des Compagnons serruriers du Devoir a réuni plus de 500 personnes à Nîmes

    June 1, 2025

    Dividend & Stock Split: TCS, Tata Motors, Coforge Among Shares To Trade Ex-Date This Week

    May 31, 2025
    Editor's Pick

    MAG Silver Corp. Expected to Earn Q2 2024 Earnings of $0.15 Per Share (NYSEAMERICAN:MAG)

    July 22, 2024

    Two cryptocurrency fraudsters arrested for conning Chinese man Ksh.6.5 in Kileleshwa

    February 28, 2025

    Cryptocurrency Exchange Platform Market 2024: Global Trends,

    October 11, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.