Johor Baru property owners ride on surging demand for short-stay homes
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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Magnitude 6.0 quake strikes Philippines, aftershocks and damage expected
Indonesia central bank says SRBI auction will be held twice a week to attract more inflow
Thai police raid illegal bitcoin mining operation
Thailand’s April inflation rises slightly, first time in 7 months
Myanmar junta bans men from applying to work abroad: statement
Microsoft CEO pledges RM10.5 billion in cloud, AI investment in Malaysia