My Take: Is Johor Bahru Property Finally Doing Well?

Since I've ventured into different fields of work: the real estate, property, and construction industry now genuinely fascinates me. Sekarang siap dah start subscribe The Edge. Rasa macam pakcik-pakcik dah; JSEZ la, 'China+1' strategy la apalah. But hey, when you're a mom of 4 boys, constantly thinking about their future (and maybe a little about escaping the laundry pile!), understanding these big economic shifts suddenly becomes very, very personal.

The pakcik-pakcik at The Edge Malaysia, together with Olive Tree Property Consultants, put together this super insightful "Johor Bahru Housing Property Monitor 4Q2024". First up, let's talk about property values. If you've been wondering if it's a good time to buy or sell, take a look at how sales prices have been doing.

A. Property Prices: Up, Up, and Away!

Good news for homeowners and potential buyers. JB property prices are on a roll. Both landed homes (like your terrace or semi-D) and apartments are seeing healthy increases.

This rise is driven by big plans like the Johor-Singapore Special Economic Zone (JS-SEZ) bringing new jobs, Medini properties getting freehold status, and better public transport making JB even more livable. More jobs, easier travel, and better ownership terms all boost demand.

B. Rental Rates: Stable & Steady.

Thinking of renting or being a landlord? Here’s the scoop on rents.

Surprisingly, rental rates haven't shot up with sales prices. They've stayed pretty stable over the past few years. This is good for tenants looking for predictable costs and for landlords seeking consistent, though not skyrocketing, income.

3. Property "Yield": More About Long-Term Growth

"Yield" is fancy talk for how much rental income a property generates compared to its price.

Because prices are up but rents are stable, the percentage return from rent (the "yield") is generally a bit lower. This means JB property right now is more about long-term value growth (your property becoming more valuable over time) than super high rental income quickly. It's a sign of a maturing market.

Johor Bahru's property market is exciting and growing! While prices are appreciating, the rental market offers stability. For homeowners, it's great news for your asset's value. For potential buyers or investors, think long-term growth and be strategic.

It's an amazing time to be part of JB's future. What are your thoughts? Are you feeling more optimistic about our property scene?

P/S: I've heard there will be a new RMMJ project here in Senibong. It's a high-end property in a truly strategic spot – literally near everything (just 10km from JB and right next to the EDL!). It's being built by a multiple award-winning developer, has a nice design, and of course — harga mampu milik. Such a steal, but too bad it's only open to first-time homebuyers. Aduhai. Ada cable tak? JK. 😉