Johor Property benefited from weak Ringgit

11 Aug, 2022
Category: Real Estate
Tags: Residential

Johor Bahru and Kulai properties benefited from the strong SGD

Source: Malaysia Residential Terrace Price Index

Ringgit falling is good for the property in these 2 cities

The ringgit depreciated to its weakest level against the Singapore dollar at 3.2517 on 11 Aug 2022.

Johor Bahru and Kulai, the two cities closest to Singapore could be a beneficiary of the weakening Ringgit. A lot of the population living in these 2 cities actually work in Singapore. When SGD/RM depreciate from 2.5 to 3 in the year 2015, prices of residential terraces in these two cities experienced a sharp increase in price.

Could this repeat again? Only time will tell

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