News by EdgeProp

The lull in the market follows a period of appreciation when price growth was surpassed only by Kuala Lumpur and Penang leading to a flurry of development activity.

Organising chairwoman Amanda Goh said a diverse range of topics are planned for the convention, from the much sought-after market outlook to even a discussion on the psychology of selling. The event is expected to attract 400 participants.

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.