The rapid development of its business and industrial sectors in the last few years has resulted in the state becoming highly sought after by homebuyers.
(Johor has becoming a highly sought after by homebuyers) (image from freemalaysiatoday)
So, here is a list of the 5 most transacted areas in Johor in 2020.
The developments of Tanjung Pelepas Port and Iskander Puteri have transformed the town into a connecting hub and benefitted other sectors like finance, education, hospitality, sports, and entertainment.
The city has ample malls like Skudai Parade Shopping Complex, Sutera Mall, and AEON Taman Universiti Shopping Centre, and schools as well as reputable universities like Taman Universiti and UTM, making it a good location for growing families with children.
The area is also well-connected thanks to the North-South Expressway (NSE) and KTM service.
In 2020, the transaction volume for properties here suffered a decline of 63.14%, resulting in the median price of houses in this area falling by 2.33% in 2020 compared to 2019.
So, if you are looking to buy a home at below-market prices in the number one city in Johor, now’s the good time to you.
(Skudai has ample shopping malls, schools and enjoys great connectivity) (image from freemalaysiatoday)
Johor Bahru is the Central Business District and the capital of Johor. With a less dense population than Kuala Lumpur and Penang, this location offers a comfortable and quiet lifestyle for residents here.
Johor Bahru is very close to Singapore, so this city is home to not only Malaysians but Singaporeans looking to live in an affordable location.
It is a fast-growing city with international developments such as Pinewood Malaysia, Legoland, and EduCity Iskandar Malaysia.
The pandemic has had a negative impact on properties here as sales dropped by 63.14% compared to the previous year. The volatile market here has meant that the median property price has remained constant throughout 2020.
So, if you’re looking to buy a home in Johor Bahru, now’s the time to negotiate for a good price.
Tebrau is also an excellent location, enjoying close proximity to Johor Bahru Customs, Immigration and the Quarantine Complex (CIQ).
Due to its easy accessibility, international travellers, in particular Singaporeans, often take day trips into the city for shopping and recreation.
The area has many upcoming developments and shopping complexes to cater to the residents here. Besides, it is a great tourist spot with attractions like Legoland and Hello Kitty Town.
However, due to the pandemic in 2020, the city recorded a fall in transaction volume by 64.90%.
Yet, the median price of properties here has increased by 6% unlike in Johor Bahru and Skudai, which suggests that homebuyers have confidence in property investment in Tebrau.
(Tebrau is an excellent location, enjoying close proximity to Singapore) (Facebook pic)
Kulai is a rapidly growing city and was declared as Kulaijaya District in 2008.
It is a goldmine for agriculture with palm oil plantations and rubber estates dotting the landscape as well as supporting factories having been set up here.
It is also growing as an economic hub for construction, education and business, all of which have resulted in more job opportunities.
However, in 2020, Kulai suffered a drop in property sales by 57.38%, and the median price of houses in this area only increased by 1.45% in 2020 compared to the previous year.
So, if you are looking to buy a property with good investment prospects, now might be a good time to invest in homes here.
Pasir Gudang is the fifth most popular city in Johor. As the state's main hub for logistics, shipbuilding and petrochemical activities, it has generated considerable demand for businesses and job seekers.
Due to its rapid development as an industrial center, well-known developers such as Mah Sing and Meridian East Township became interested in the city and made major changes in the process.
Due to Pasir Gudang Highway and JB East Coast Highway (JB East Coast Highway), it is also an area with convenient transportation.
Due to growing demand, even in the face of a pandemic, the median house price in the area has risen by 7.14% in 2020.
However, by 2020, its transaction volume has dropped by 60.29% compared to the previous year. Currently, the city has enough vacant properties to bargain.
Buying a property at any time in life is a major commitment. This list is designed to help you find the best real estate investment location to achieve future growth, especially if you are looking for a location in Johor.
(Pasir Gudang is the state's main hub for logistics, shipbuilding and petrochemical activities) (image from freemalaysiatoday)
Article sources from freemalaysiatoday