19 Mar '18, 10pm

Commentary: The rise in Johor property prices and the myth that Singapore buyers are responsible - Channel NewsAsia

KUALA LUMPUR: We know that about a quarter million Singaporeans visit Johor each week, thanks to newly available data about cross-border traffic. No doubt many make the trip to visit a favourite restaurant, shop or stay over a weekend vacation. READ: A commentary on the impact of Johor-Singapore tolls . Yet more Singaporeans are said to be also buying up Johor property. No surprise seeing that Johor’s residential property market has seen an uptick in demand in recent years, fuelled by strong demand, and amid strong Malaysian economic growth. A list of giant residential complexes are set to dot the Johor landscape – including the iconic Forest City, Suasana Iskandar Malaysia and Shama Medini in Nusajaya. Despite a general climate of positive exuberance, to most Malaysians, a perennial reason for pushing up Johor property values and the cost of everyday goods and services re...

Full article: https://www.channelnewsasia.com/news/asiapacific/johor-pr...

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