Johor is a state of Malaysia that is located in the southern region of the country peninsula. Johor is one of the richest states in Malaysia in terms of GDP, as it is the only state that is located adjacent to Singapore. The population of Johor is around 4 millions, and has a population that consists of around 52% Malays, 33% Chinese, and 10% Indians. The public transportation here is almost non-existent except for some public buses, however its capital city Johor Bahru is located within walkable distance to Singapore.
As for the real estate market, Johor has one of the least affordable housing markets in the country due to it being adjacent to Singapore. Besides, the high property prices here are also due to the government's development of the Iskandar Economic Region, which promotes foreign direct investment into the state. Most of the foreign investments that flow into the state's real estate market come from China nationals and Singaporeans. As of May 2018, the state is now run by the Pakatan goverment for the first time after winning the 14th General Election of Malaysia.
The following shows the residential property transactions in Johor over the last few years:
Johor has mostly foreigner-friendly real estate investment policies by the state government, as foreigners can easily buy any residential properties here without any restrictions, as long as the price is above RM1 million. Besides, the state government has been partnering with China-based developers to build mega cities on reclamation land, whereby some are also duty-free such as Forest City.
Latest Johor for sale listings:
|Today||Low-Cost Flat||667 sf||RM80,000|
|Today||Low-Cost Flat||549 sf||RM108,000|
Latest Johor for rent listings: