Ooi noted that Johor Baru remains the primary focus in terms of demand and supply of properties, followed by Kluang and Batu Pahat. — Picture by Ben TanISKANDAR PUTERI, Sept 26 — Johor is expected to see sustained property demand from foreign buyers, especially Singaporeans, driven by key developments and growing investor interest, according to Knight Frank Malaysia.
These include the development of the Johor Baru–Singapore Rapid Transit System Link, the designation of Forest City as a Special Financial Zone and the proposed establishment-Singapore Special Economic Zone . “Distribution of existing supply of properties by district revealed that Johor Baru saw a compound annual growth rate of 4.7 per cent in 1H2024.
He added that industrial land accounted for the 61 per cent of transactions, followed by commercial land and residential land .