Johor second link property price comparison
Johor second link property price comparison. So planning to buy a house , condo or even a Bungalow across the causeway link!
There are few things that might need to consider before you dip your feet into it. Prices of property across the causeway have Skyrocketed since the Influx of foreign Buyers from China , Singapore etc. Considered cheap to cash rich foreign buyer, in comparison to their country at home. Johor has been seen as the first choice destination in Malaysia for foreign buyer to park their cash into property.
Recent year, the Iskandar area ,has seen a massive grow and participation of foreign developer. The current total property supply in the pipeline have out number all the total amount of private property residential in Singapore. The number is growing , due to contribution from major project such as Forest City , Puteri Harbour etc. This will impose pressure on rental rate as, the supply is growing faster than demand.
Let look into Johor second link property price comparison Table below
I compile the Data referring to Property Guru Malaysia you can check out their site here
| No | Type Of Property | Puteri Harbour | Nusajaya | Gelang Patah | Horizon Hill | Bukit Indah |
|---|---|---|---|---|---|---|
| 1 | Condominium | RM 618/psf | RM 758/psf | RM 397/psf | RM 729/psf | RM 476/psf |
| 2 | Terrace House | NA/psf | RM 450/psf | RM 320/psf | RM 674/psf | RM 386/psf |
| 3 | Semi D House | NA/psf | RM 366/psf | RM 531/psf | RM 452/psf | RM 400/psf |
| 4 | Bungalow | NA/psf | RM 891/psf | RM 819/psf | RM 704/psf | RM NA/psf |
| 5 | Median Property Transaction Price | RM 1.2mil | RM 1.1mil | RM 1.17mil | RM 1.9mil | RM 0.95mil |
| 6 | Annual Growth Rate | -4,8% | +8.2% | +3.2% | -1.4% | +3.0% |
Facts you should know regarding Johor Second Link Property Price
- According to Napic the National Property Information Centre’s (Napic) Malaysian Property Market Report 2016 . There is a decline of 5.9% on the Total transaction volume in comparison to 2015.
- 80% of the property buyer in Iskandar area are froeigner from Singapore China and Taiwan.
- Johor entire Population is only 3.5 million.
- Most Foreign buyer who purchase the Property in Iskandar Area opted for the ” Malaysia My Second Home” Scheme.
- Singaporean can only purchase property valued at RM 1 million and above.
- Forest City is Planning to add 336 000 new Residential unit that will housed 700 000 people within 20 to 30 years of time.
Check out Best Malaysia Fixed Deposit Interest Rates for 2017 here
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