25/07/2025
๐๐๐ก๐ ๐ง๐ฅ๐๐ก๐ฆ๐๐๐ง๐๐ข๐ก๐ฆ ๐๐ก ๐๐ข๐๐ข๐ฅ ๐ฆ๐๐ข๐ช ๐๐ข๐ก๐ง๐๐ก๐จ๐๐ ๐ ๐๐ฅ๐๐๐ง ๐๐ข๐ก๐๐๐๐๐ก๐๐
Johor property market is booming, driven by major projects such as the RTS Link to Singapore, a new electrified railway, special economic zones like the Johor-Singapore SEZ and Forest City SFZ, and the possible revival of the High-Speed Rail (HSR). These developments have attracted strong interest from both residents and investors.
In 2024, Johor recorded the highest economic growth in Malaysia at 6.4%, with its economy valued at RM158 billion. Property prices across residential, commercial, and industrial sectors have been steadily rising.
Popular residential areas like Horizon Hills and Senibong Villas, as well as industrial zones such as Senai, Iskandar Puteri, and Pasir Gudang, have seen significant price increases. Commercial land in and around Johor Bahru city has also appreciated.
According to property consultancy CBRE | WTW, the rise in property transactions is mainly due to growing investor confidence, improved cross-border mobility, and the impact of key infrastructure like the RTS.
Land near transport hubs and future business corridors is especially in demand. Thereโs also strong interest in industrial land and data centres, especially from regional tech companies.
Prices have surged over the years. For instance, industrial land in Pasir Gudang increased from RM25 per square foot (psf) in 2015 to RM62 in 2025. In Iskandar Puteri, it doubled from RM65 psf in 2015 to RM130 in 2024.
Commercial land in Johor Bahru city rose from RM621 psf in 2013 to RM1,238 in 2024, while land in the city fringe increased from RM328 psf in 2011 to RM598 in 2024.
Many developers are actively buying land for serviced apartment projects. A 4.84-acre site in Taman Suria, for example, was auctioned for RM136.8 million (RM650 psf). UOA Development entered the Johor market by purchasing a 1.2-acre site for RM62.4 million (RM1,180 psf).
CTC Skyline paid RM75 million (RM1,050 psf) for 1.64 acres near the upcoming Sheraton Hotel. Mah Sing Group bought 6 acres in Taman Pelangi for RM156.8 million (RM600 psf), while TS Law Group is said to have purchased Plaza Sentosa for redevelopment.
In June 2024, S P Setia sold a 960-acre tract in Tebrau to Senibong Island Sdn Bhd for RM564 million after two failed sale attempts to Scientex Bhd, due to bumiputera equity conditions. Earlier, in March 2023, Maxim Global acquired a 6.5-acre site near the Bukit Chagar RTS station for RM167 million.
Experts say the strong sales from recent project launches including Majestic Genโs developments in Bukit Meldrum and Lumba Kuda, Exsim Groupโs project near the CIQ complex, and the Yahya Awal JV by Sunway Property are signs of high developer confidence and continued growth in Johor property market.
