Johor, situated in the southern region of Malaysia's peninsula, stands out as one of the most prosperous states in the country. Its unique advantage lies in its adjacency to Singapore, making it the sole state with such a privileged location. Johor boasts a population of approximately 4 million, comprising a diverse mix of ethnic groups, with Malays accounting for 52%, Chinese 33%, and Indians 10%. While public transportation options are limited, it is worth noting that Johor Bahru, the state's capital city, is conveniently within walking distance of Singapore.
The real estate market in Johor is known for its high property prices, which can be attributed to its proximity to Singapore. The demand from individuals seeking more affordable housing options spills over into Johor, driving prices upward. Moreover, the government's development efforts in the Iskandar Economic Region further contribute to the rise in property prices. This strategic initiative aims to attract foreign direct investment, with significant investments flowing in from Chinese nationals and Singaporeans. Since May 2018, the state has been under the governance of the Pakatan government, marking the first time it secured victory in the 14th General Election of Malaysia.
The following shows the residential property transactions in Johor over the last few years:
Johor's state government has implemented primarily foreigner-friendly real estate investment policies. Foreign investors face minimal restrictions when purchasing residential properties, provided the property's value exceeds RM1 million. This policy encourages foreign investment and supports the state's real estate market. Furthermore, the state government has established partnerships with China-based developers to construct mega cities on reclamation land. Notably, certain developments, such as Forest City, enjoy duty-free status, adding to their allure for investors.
Latest Johor sale listings:
Latest Johor rental listings: