{"id":41254,"date":"2017-01-20T12:41:32","date_gmt":"2017-01-20T05:41:32","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/landed-home-values-in-iskandar-malaysia-to-stabilise-this-year\/"},"modified":"2017-01-20T12:51:40","modified_gmt":"2017-01-20T05:51:40","slug":"landed-home-values-in-iskandar-malaysia-to-stabilise-this-year","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/landed-home-values-in-iskandar-malaysia-to-stabilise-this-year\/","title":{"rendered":"Landed home values in Iskandar Malaysia to stabilise this year"},"content":{"rendered":"


\nIs the worst over?
\nIskandar Malaysia covers Johor Bahru, one of the biggest cities in Malaysia. AhXiong\/Shutterstock
\nLanded residences could offer a sliver of hope to the embattled property market in Iskandar Malaysia, the vast economic growth corridor in the state of Johor with thousands of condominiums under development.
\nAlthough there was a 5 to 10 percent downward adjustment in landed home prices last year, \u201cthe worst is over\u201d for this segment, according to Tan Ka Leong, a director at CBRE-WTW in Johor Bahru. \u201cI believe we will not see much further downward adjustment this year.\u201d
\nOn the flipside, demand in the high-rise residential segment will be diluted by an incoming supply of 19,000 units this year, the consultancy warned. The existing supply in Iskandar Malaysia stood at 43,898 units last year or a 16 percent increase from 2015.
\nMore: This bid for the Singapore-Malaysia HSR line looks promising
\nThe glut in the supply of high-rise apartments in the region may eventually reach 30,000 units. Absorption of this oversupply could take around five to six years, while high-rise home values may suffer an adjustment of 30 percent. \u201cThat\u2019s assuming there is zero additional supply going forward \u2014 so high-rise segment would not stabilise so soon,\u201d Tan said.
\nTotal transaction value for Iskandar Malaysia properties reached MYR10.57 billion (USD2.4 billion) in the first nine months of 2016, a 5.3 percent year-on-year drop, according to CBRE WTW, citing data from the state-run National Property Information Centre. This represents 15,119 units in transaction volume or a 20.1 percent decrease over the same period.
\n\u201cThe overall soft market is the result of the general economic conditions and cooling measures,\u201d CBRE WTW researchers stated in its 2017 outlook report. \u201cWhilst general slowdown in terms of transaction activities and take-up within new development are observed, especially for higher-end product, particularly in residential sub-sectors, developers have diversified their plans to offer more affordable products to meet the present market needs.\u201d
\nRead next: What makes Malaysia one of the best places in the world to retire?
\n
\nSource : property-report.com
\nRead more…Landed home values in Iskandar Malaysia to stabilise this year<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Is the worst over? Iskandar Malaysia covers Johor Bahru, one of the biggest cities in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-41254","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-aJo","jetpack-related-posts":[{"id":42551,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-johor-be-worried-about-ghost-towns\/","url_meta":{"origin":41254,"position":0},"title":"Should Johor be worried about ghost towns?","date":"February 1, 2017","format":false,"excerpt":"\r Residential developments in Iskandar Malaysia might be wanting of occupants, analysts fear Workers on the way to Singapore from Johor Bahru. nashriq mohd\/Shutterstock The massive developments in Johor could become ghost towns when they are completed, reported Free Malaysia Today. 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