Johor is located at the southern tip of Peninsular Malaysia and enjoys close proximity to Singapore.
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.
So, here is a list of the five most transacted areas in Johor in 2020.
Skudai
The developments of Tanjung Pelepas Port and Iskander Puteri has 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%. To cope with the crisis, the median price of houses in this area fell 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 time.
Johor Bahru
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 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
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.
Kulai
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 has resulted in more job opportunities.
However, in 2020 Kulai suffered a drop in property sales by 57.38%. To cope with the crisis, 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 a good investment prospects, now might be a good time to invest in homes here.
Pasir Gudang
Pasir Gudang is Johor’s fifth most popular city. As the main hub for logistics, shipbuilding, and petrochemical activities in the state, it has created quite a demand for businesses and job seekers.
Due to its rapid development as an industrial hub, reputable developers like Mah Sing and Meridian East Township have taken an interest in the city, giving it a major facelift in the process.
It is also a well-connected location due to the Pasir Gudang Highway and JB East Coast Highway.
Due to its emerging demand, the median price of houses in this area increased by 7.14% in 2020 even in the face of the pandemic.
However, its transaction volume fell by 60.29% in 2020 compared to the previous year. Currently, this city has sufficient vacant properties to snap up at a bargain.
Buying a property at any point in your life is a big commitment. This list is designed to help you find the best location for your property investment for future growth specifically if you are looking for a place in Johor.
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