24 December, 2019

Property Guides

Are Johor Houses Worth Investing In?

Source: NAPIC

According to the latest Property Market Report 1H 2019 published by the National Property Information Centre (NAPIC) the state of Johor recorded the highest residential overhang at 6,195 units or 18.89% of nationwide numbers. At the same time, it also noted that the overhang growth is slowing down, owing to less aggressive launches and moderate buying.

The question that remains on house buyers’ minds is whether new houses for sale in Johor Bahru are worth investing?

Well if you look at some of the news you will see that there are still buying interest in Peninsular Malaysia’s southern-most state. A South China Morning Post article published in June 2019 stated that Hong Kong investors were looking at Malaysian property as a second home for retirement.

Real estate research and investment consultancy firm Alpha Marketing has written about the growing communities of expatriate populations from China, South Korea and Japan residing in properties in Iskandar Malaysia along with key suburbs such as Mount Austin, Taman Molek, Bukit Indah, Nusa Bestari, and Puteri Harbour seeing strong expatriate population growth from these Asian countries. It continues that these expatriates looking to “capitalize on the lower cost of living, clean environment, close proximity to Singapore, and quality education choices through international schools for their children.”

Furthermore, average residential housing prices in the state are amongst the least costly when compared with other states like Kuala Lumpur, Selangor and Penang. Residential transactions are also among the highest in Johor (6,793), second to Selangor (11,160).

Source: NAPIC

All these points to the fact that there are still purchasing demand for new houses for sale in the state and its capital Johor Bahru. The trick is then to choose a property wisely, ensuring that it is built by an established developer and to focus on meeting the needs of the growing expat community who will spur demand.

Photo by wxshutterbug

Sources:

http://napic.jpph.gov.my/portal

https://www.scmp.com/property/international/article/3014945/hong-kong-investors-snap-affordable-property-malaysia-eye

https://alphamarketingsg.com/good-bye-or-good-buy-iskandar-malaysias-property-market-in-2019/

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Admiral (R) Tan Sri Dato' Seri Abu Bakar Bin Abdul Jamal

Chairman/Independent Non-Executive Director

NATIONALITY: Malaysian

DATE OF APPOINTMENT: 1 August 2023

ACADEMIC / PROFESSIONAL QUALIFICATION(S)

Admiral (R) Tan Sri Dato’ Seri Abu Bakar Bin Abdul Jamal was the 10th Chief and the first four-star Admiral of the Royal Malaysian Navy. Admiral (R) Tan Sri Abu Bakar served the Royal Malaysian Navy for almost 40 years both at the staff and command levels culminating in the highest office of The Chief of Navy from 1998 to 2002.

Admiral (R) Tan Sri Abu Bakar was the former Chairman of Affin Fund Management Berhad and also the former Chairman of several companies covering diverse industries post his retirement including naval and marine, property development, construction and automative. He was also a former Board member of Lembaga Tabung Angkatan Tentera (Armed Forces Fund Board).

In recognition of his services not only to Malaysia but also towards promoting international and regional understanding and peace, Admiral (R) Tan Sri Abu Bakar was bestowed the Panglima Setia Mahkota award carrying the title Tan Sri. In addition, he also received international recognition in the form of the following awards:

  1. Bintang Jalasena Utama by Indonesian President Abdul Rahman Wahid on 28 August 2000
  2. Legion of Merit by United States President Bill Clinton on 6 October 2000
  3. Knight Grand Cross of the Most Noble Order of the Kingdom of Thailand by His Majesty King Bhumibol Adulyadej R on 24 February BE2544 (Gregorian 2001)
  4. Legion d’ Honneur by President of France, Jacques Chirac on 17 June 2001

There is no family relationship between him and any director and/or major shareholder of the Company.