State polls a speed bump as RTS, JS-SEZ accelerate shifts in Johor’s property market
Industrial growth is lifting the state, but overhang and affordability concerns persist
Add BT as a preferred source
[KUALA LUMPUR] Johor’s property market is being reshaped by factories, data centres and the Johor-Singapore Special Economic Zone (JS-SEZ), shifting the state away from the residential speculation that has long defined its real estate story.
But with state polls due on Jul 11, investors are cautious of whether the demand momentum, coupled with policy certainty and execution, can be sustained.
Nawawi Tie managing director Daniel Ma observed that a two-speed market is emerging in Johor, with industrial land commanding record prices led by data centres, logistics players and manufacturers, while parts of the residential sector continue to struggle with a sizeable overhang of premium homes.
TRENDING NOW
Young Singaporeans devote two-fifths of income to family, delaying financial readiness: Manulife survey
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Why it makes sense to include 5-room HDB flats in Berlayar BTOs – even if price tag may be higher
Homes for living, not holding: Vietnam’s bold property pivot
