Over 11,000 luxury serviced flats unsold in Johor amid foreign curiosity

A complete of 11,512 serviced flats priced at RM500,000 and above stay unsold in Johor Baru and Iskandar Puteri, in accordance with Datuk Mohd Jafni Md Shukor, the state Housing and Local Government committee chairman. Despite Unsung of unsold items, builders have started to obtain positive feedback from foreign buyers, significantly those from Singapore, the place property prices are among the highest within the Asia Pacific area.
“Local property patrons don’t want to fret about this because the housing policy of Johor has stipulated that solely properties worth RM1 million and above are offered to foreigners, including consumers from Singapore,” said Mohd Jafni through the Public Draw for Rumah Transit Bangsa Johor (RTBJ) at Taman Kempas Utama.
Mohd Jafni additionally announced that up to 50 builders will participate in the Johor Housing Expo, set to happen at Angsana Johor Baru Mall for 4 days starting July 27. The expo goals to assist cut back the overhang of unsold constructed houses within the state. On May 6, he revealed that 80% of unsold residences in Johor concerned serviced apartments situated around Johor Baru and Iskandar Puteri..

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