Johor Baru property owners ride on surging demand for short-stay homes
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HAVING halted their cash-out plans in anticipation of rising property prices, many Johor Baru property owners are instead turning their vacant units into short-stay homes to cater to robust tourism activity in the state.
Ming Lee had initially intended to sell his condominium unit near KSL City Mall, but decided to resume letting it out on Airbnb after seeing the influx of tourists following the reopening of land borders with Singapore this April.
His 2-bedroom unit had been left vacant since the Malaysian government first announced a mandatory control order – a lockdown measure to curb the spread of Covid-19 – in March 2020.
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