The strata market is diverging into two-tiers. Price growth has stalled in the higher-end segment that targets Singaporeans or Malaysians working in Singapore, due to oversupply. In the mass-market segment, average transacted prices continue to grow.
Residents of Bukit Indah benefit from the direct bus from the Bukit Indah Bus Interchange to Jurong East and Boon Lay MRT stations in Singapore.
While new developments are increasingly more upmarket, the secondary market in Johor Bahru is still concentrated in the mass-market segment.
Local stakeholders are expecting the Singapore to Johor Bahru Rapid Transit System (RTS) and the High Speed Rail (HSR) to Kuala Lumpur to be future catalysts
Indicative annual rental yields as calculated from asking rentals observed at June 2015 are fair, ranging from 4.0% to 7.5%. The highest asking rental yields can be found at Pantai Apartment (7.5%) in Butterworth.
The strata market here remains very affordable due to low land prices, as well as a preference for landed homes.
With the abundance of space on the mainland, property prices remain affordable. The condominiums offered here are less prestigious than on the island, with many preferring to own landed property.
With limited land on the island, the mainland offers plenty of space for development, with Batu Kawan, at the foot of the Penang Second Bridge, taking centre stage.
In the 12 months to 1Q2015, the highest average price growth was at Saujana Permai Flat (+32.6%) and Saujana Damai Apartments (+31.8%).
The most expensive projects were in the Bayan Indah enclave in Pantai Jerejak, led by Putra Place (RM660 psf)...
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