This blog is for expats out there who are interested in moving to Johor, Malaysia & our families/friends who would like to hear about what we've been up to since the move.
Sunday, April 8, 2012
Malaysia Real Estate Prices & Rentals Stabilising
This is a very interesting article which gives good insights into Malaysian real estate market. The article makes no mention of East Ledang, Ledang Heights and Leisure Farm which have seen property prices skyrocketed due to influx of foreign buyers.
"Johor's property market performed well last year, with 52,946 transactions worth RM17.1bil. Compared with 2010, Johor's property market volume and value increased by 9.1% and 44.6% respectively. The report says Johor's residential property prices are generally stable with instances of mixed performance.
Single-storey terraced houses within areas in Johor such as Taman Puteri Wangsa, Taman Ungku Tun Aminah, Taman Bukit Indah and Taman Perling see price increases of 2.9% to 11.1%, with prices ranging from RM125,000 to RM220,000. Houses in areas within Nusajaya such as Taman Nusa Idaman and Horizon Hills record price increases of 6.4% to 9.1%, with prices ranging from RM392,000 to RM448,000".
Read more Prices, rentals stabilising
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