Tips For Gen Ys Looking To Buy Their First Johor Property

Since the inception of Iskandar Malaysia in 2006, Johor’s property market has made a remarkable turnaround. When the land swap deal was concluded by the Malaysian and Singaporean governments in 2010, sentiment turned positive, leading to investments by Temasek Holdings and CapitaLand in Danga Bay as well as in Medini. At the peak of the market in 2011 to 2013, Singaporeans were seen snapping up properties in Iskandar Malaysia like hot cakes. This caused property prices to suddenly spike.

Due to its proximity to Singapore, Iskandar Malaysia is the most successful of the five economic corridors in Malaysia. Latest figures from the Iskandar Regional Development Authority (IRDA) show that Singapore is the top foreign investor, followed by China, the United States, Spain and Japan. The total cumulative investment from 2006 to October 2015 stands at RM78.53 billion, with the manufacturing sector leading the way at RM50.82 billion.

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