Strong Singaporean appetite for Malaysia property

Malaysian properties continue to appeal to Singaporean 

buyers, on the back of higher prices as well as cooling 

measures in the city-state's property market.

At the recent PropertyGuru Malaysia Property Show (MPS) 

in 

Singapore held on 13 to 14 July, over 2,155 Singaporean 

buyers flocked to hunt for properties. At the end of the 

event, over 30 units worth RM30.1 million were sold.






Just two weeks after, 20 units worth RM18.3 million were 

also sold at the MPS in Johor Bahru held on 27 to 28 July.

PropertyGuru Malaysia Country Manager Gerard Kho, said: 

“A total of RM48.4 million in sales was transacted in just 

two weekends as a result of our Malaysia Property Shows in 

Singapore and Johor. This is a telling sign that Malaysia 

properties are still highly sought after.”



“Reception for the first Malaysia Property Showcase in 

Johor was especially positive as it was the first time 


visitors 

were able to visit the actual showroom gallery or the site 

of 

the property before purchasing. Shuttle buses were 

provided from the event venue and pick up was also 

available from Singapore to Johor,” he added.



The overwhelming response was attributed to a number of 

factors such as higher property prices in Singapore, the 

government's cooling measures as well as the introduction 

of a new Total Debt Servicing Ratio (TDSR).



Steve Melhuish, Co-Founder and Chief Executive Officer of 

PropertyGuru Group, said: “The momentum for Malaysian 

properties among Singaporeans remains strong. What’s 

interesting is that we notice a growing interest in Iskandar 

Malaysia...This shows that Singaporeans are well aware of 

the developments occurring in Johor and believe in the 

future prospects of the area. It appears that KL and Penang 

are now competing with Iskandar Malaysia for the overseas 

property investor dollar.”




There was equal sales activity for both high-rise and landed 

homes, said Property Guru.

“With space being a premium in Singapore, it makes 

perfect 

sense for Singaporeans to choose Iskandar Malaysia when 

looking for more spacious condos or even landed 

properties. 

However, we need to look beyond just transaction 

numbers,” said Melhuish.

“There are key insights and buying trends happening that 

are indicative of the bigger property landscape and how 

Malaysia and Singapore are connected via the Iskandar 

region.”