Johor Bahru serviced apartment incoming supplyPublish Date: 20-09-2019
The overhang situation of the serviced apartment segment in Johor Bahru has been discussed yesterday. But,
Johor Bahru is expected to add another 23k unit of serviced apartment in the future. (Planned supply has been excluded as we believe many developers are shelving down their new launch.)
Comparing the number of supply with to Kuala Lumpur, the capital city of Malaysia, we will get a better sense of the Johor Bahru property situation. Kuala Lumpur, a city with 5 times more population than Johor Bahru, will only have half (30k units) of Johor Bahru serviced apartments even after all incoming projects in KL are completed.
If you are looking to buy a property, you don't have to be pessimistic. There are places where supply is matching the demand well and these places definitely serve as a better investment choice. Clients can access the incoming supply of various property types in various location under Malaysia Residential Property Supply.