JOHOR BARU : Johor’s property sector is set to enter a new phase of expansion following the formalisation of the Johor-Singapore Special Economic Zone (JS-SEZ) agreement and ongoing progress on the Johor Baru–Singapore Rapid Transit System (RTS) Link.
Real estate consultancy Nawawie Tie reported that residential property demand in Johor is anticipated to rise steadily, particularly in the rental segment. The increase is attributed to growing interest from local buyers, Malaysians working in Singapore, and Singaporean investors, with the JS-SEZ expected to heighten foreign interest in the region.
Despite the positive outlook, Nawawie Tie noted that owner-occupiers are likely to adopt a wait-and-see approach until there is more clarity on the supporting infrastructure and policy frameworks tied to these developments.
Landed residential properties remain the top choice among buyers, accounting for 65% of total property transactions in Johor. The Johor Baru district continues to lead the market, contributing 60% of these transactions, underscoring its position as a focal point for residential activity.
On the industrial front, the market in the Johor Baru district is forecasted to strengthen, underpinned by robust manufacturing growth and increasing levels of foreign direct investment. The state is also rapidly positioning itself as a regional data centre hub, which is further intensifying demand for industrial property assets.
In the first quarter of 2025, Johor recorded 353 housing unit transactions, with terraced and semi-detached homes representing the majority of sales. Johor Baru remains the location of choice for industrial players due to its strategic connectivity and infrastructure pipeline.
-Bernama
