The property slowdown has become more evident in Johore, Malaysia.
Slowdown looks to be quite apparent.
Would you buy property in Johore?
I wouldn't. I think there is way too much supply there. But don't take my word for it. I could be wrong.
It is not just over supply. It is way too saturated with the influx of Chinese developers in JB City. However, there are many who buy to live as it is next to the Johore Immigration. It is a lot cheaper to work in Spore yet to live in JB. With the impending MRT line, it might work out for some, maybe not all. The only problem is how is the infrastructure going to cope with these mega cities.
ReplyDeleteMeanwhile over in Puteri Harbour / Medini side near the 2nd link, things are more manageable. many hotels are coming up there with the latest being Fullerton being the Convention Center Hotel. Apart from these, Traders, Somerset, Frasers and most likely Shangri la would be there. Sunway Iskandar which is modeled after Sunway Pyramid in KL would be interesting.