Some prime JB sites double in value as RTS fever grips Johor property

[JOHOR BAHRU] Johor’s property market may be bracing for a breakout year ahead of the Johor-Singapore Rapid Transit System (RTS) Link’s completion, with the cost of land around Johor Bahru station jumping from about RM700 (S$220) per square foot (psf) three years ago to between RM1,000 and RM1,500 psf today.

Olive Tree Property Consultants CEO Samuel Tan said the surge reflects not only demand, but also recent increases in allowable plot ratios, though “you still need parking and real demand to fully use that extra density”.

This repricing marks a clear shift in Johor’s cycle, market players say, from broad-based growth to a far more selective market where connectivity, above all else, now determines value.