Growth in capital values was led by projects in the middle-market segment. The highest relative price growth was at University Condo Apartments 1 on Jalan Sulaman Highway

Will the new policy address the problem of affordability for first-time homebuyers? The reaction from analysts and real estate agents has been mixed.

The city has a fairly sizeable expatriate population who work mainly in the oil and gas industry, and because of the city’s reputation as a retirement and holiday destination.

By average price per unit, the most expensive project was The Loft Private Residences at KK Times Square, at RM909,000. Developed by Asian Pac Holdings, the serviced apartment is part of the KK Times Square project, one of the first in a wave of recent high-end, mixed-use developments. 

The lull in the market follows a period of appreciation when price growth was surpassed only by Kuala Lumpur and Penang leading to a flurry of development activity.

A private caveat is a formal legal notice to the world that you have an interest in a particular property or land.

The high-end, high-rise housing market in Johor Bahru may take two more years to recover from a slowdown. 

Less choice with fewer new launches

The strata market is diverging into two-tiers. Price growth has stalled in the higher-end segment that targets Singaporeans or Malaysians working in Singapore, due to oversupply. In the mass-market segment, average transacted prices continue to grow.

Putra Nilai is close to amenities such as hypermarkets (Giant and Tesco) and education hubs (Nilai University, Universiti Sains Islam Malaysia, Manipal International University and INTI International University).