{"id":72034,"date":"2020-02-19T23:06:33","date_gmt":"2020-02-20T04:06:33","guid":{"rendered":"https:\/\/thatdope.com\/travel\/comfort-inspired-living-spaces-in-johor-to-live-luxuriously\/"},"modified":"2020-02-19T23:06:33","modified_gmt":"2020-02-20T04:06:33","slug":"comfort-inspired-living-spaces-in-johor-to-live-luxuriously","status":"publish","type":"post","link":"https:\/\/thatdope.com\/travel\/comfort-inspired-living-spaces-in-johor-to-live-luxuriously\/","title":{"rendered":"Comfort-Inspired Living Spaces in Johor To Live Luxuriously"},"content":{"rendered":"
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Raising the quality of life in a conducive environment, alongside social spaces and wellness cluster, these vacation homes in Johor are the hallmark of an enriched lifestyle where living and learning, working and playing are perfectly balanced.<\/p>\n
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Health park located at Southern Marina Residences, Johor, Malaysia<\/p>\n<\/div>\n
The overall residential market in Johor has shown a slight improvement in terms of volume and value of property transactions. According to Knight Frank Malaysia Real Estate Highlights \u2013 1H 2019, as of 2018, the volume of property transacted in the State of Johor grew positively for all sub-sectors whereby the residential, commercial and industrial segments improved by 8.0 per cent, 11.5 per cent and 8.4 per cent respectively compared to the previous year (y-o-y). While the corresponding value of property transactions for the residential (1.5 per cent) and industrial (17.5 per cent) subsectors also improved, the commercial segment recorded a decline of 4.3 per cent in transacted value.<\/p>\n
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Knight Frank Malaysia also announced that there is a shift in focus in the 2020 Budget from house buyers to developers in addressing the residential property overhang. The Government\u2019s move to lower the threshold from RM 1 million to RM 600,000 for foreigners is expected to reduce the overhang of condominiums and apartments totalling about RM 8.3 billion.<\/p>\n
\u201cGenerally, Malaysia has a higher distribution of unsold, completed high-rise residential properties above RM 600,000 at 53 per cent compared with those below RM 600,000 (47 per cent),\u201d said Sarkunan Subramaniam, Managing Director of Knight Frank Malaysia.<\/p>\n
Condominiums and apartments accounted for 43 per cent of the overhang. Bank Negara Malaysia and some property industry experts have warned about a housing glut in cities such as Johor Baru. Johor\u2019s Housing, Communication and Multimedia Committee Chairman, Dzulkefly Ahmad said the state government was considering lowering the RM 1 million threshold for foreigners in a bid to clear 51,000 unsold units in the state. He had said houses priced from RM 600,000 accounted for 70 per cent of unsold properties in Johor. Also, you can read about Kuala Lumpur\u2019s property gems here<\/a>.<\/p>\n