‘11,500 apartments costing over RM500,000 unsold in JB, Iskandar Puteri’

[superadmin]

JOHOR BARU – A total of 11,512 units of serviced apartments costing upwards of RM500,000 around Johor Baru and Iskandar Puteri are unsold, said Johor’s Housing and Local Government executive councillor.

Datuk Mohd Jafni Md Shukor said, however, that the developers with the unsold residences have started to receive positive feedback from foreign buyers, especially from Singapore as house prices in the republic are reported to be among the most expensive in Asia Pacific this year.

“Local property buyers do not need to worry about this because the housing policy of Johor has stipulated that only properties worth RM1-million-and-above are offered to foreigners, including buyers from Singapore,” he said after the Public Draw for Rumah Transit Bangsa Johor (RTBJ) at Taman Kempas Utama here yesterday.

He said as many as 50 developers will participate in the Johor Housing Expo which will be held at Angsana Johor Bahru Mall here for four days starting July 27, thereby helping solve the overhang of unsold built homes in the state.

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