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PropertyGuru Malaysia country manager Sheldon Fernandez said the southern state is witnessing a significant metamorphosis, shifting away from its status as the state with the highest property overhang to a much more advantageous position. Meanwhile, Fernandez said Johor Baru is also seeing a significant year-on-year median asking price growth of 20 per cent for service residences.He said smaller units, in particular, recorded robust price growths with the 501-750 square feet category recording a 27 per cent growth in prices, while 751-1,000 sq ft units recorded an 18 per cent price growth and 1,001-1,250 sq ft recorded a 15 per cent price growth.
“As we reflect on the past year, it is evident that Johor’s property landscape has undergone a period of growth, resulting in the surge in demand for properties in the state, especially in Johor Bahru,” he said.