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Where are homebuyers purchasing? (%)
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1,245 homebuyers or 15% purchased into Skudai. Johor Bahru and Tebrau were popular residential hotspots too, that garnered 13% and 12% of total transactions, respectively.
Which areas do aspiring homebuyers covet?
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54% of visitors to iProperty.com.my were interested in residential products in JB and dropped enquiries to real estate agents to further explore their home search journey. These leads indicate a genuine interest in purchasing.
How has area search trends changed Y-O-Y?
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Undeniably, the majority of homebuyers were searching for properties in Johor Bahru. Nevertheless, areas such as Masai and Tebrau are rising in ranks as preferred residential neighbourhoods. Compared to a year before, the number of searches for residential properties in Tebrau has surged by 205%.
What are homebuyers scoping out in Tebrau?
What were the popular price ranges?
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Residential properties bearing average and above average prices were in demand – units in the RM220,000-RM500,000 range captured 60% of the total sales across the 12-month period.
Which properties saw an increase in sales Y-O-Y?
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Higher priced units, i.e those costing above RM290,000 saw an increase in sales from the year before. The biggest transaction growth of 15% was recorded in the RM420,000-RM540,000 price category.
Which areas experienced high capital growth?
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Generally, residential properties were most expensive in Iskandar Puteri at RM390 PSF and in Gelang Patah at RM389 PSF. Nevertheless, capital growth movements typically are inversely related to prices – hence, higher appreciation was noted in areas with lower median PSFs. For instance, a Y-O-Y capital increase of 24% and 18% were recorded in Pasir Gudang (RM237 PSF) and Senai (RM238), respectively.
An anomaly, however, was observed in Tampoi (RM287) where its capital growth value was only 0.6% – this could be explained by Tampoi being an industrial area, hence it is not very desirable among homebuyers.
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