The high-end, high-rise housing market in Johor Bahru may take two more years to recover from a slowdown. 

Less choice with fewer new launches

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.

Putra Nilai is close to amenities such as hypermarkets (Giant and Tesco) and education hubs (Nilai University, Universiti Sains Islam Malaysia, Manipal International University and INTI International University).

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.

The government indicated that new projects in the planning stage could be deferred. It is uncertain which projects will be deferred at this stage.

The Johor Halal Park (JHP), which was launched two months ago, following a revision of its master plan, is expected to attract companies from Japan, South Korea, Taiwan and China to set up shop in Iskandar Malaysia.

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

The RM455 million Ramada Lumut Resort is all set to enhance the family experience.