Johor property value seen stable

Major development: A view of the proposed Rapid Transit System project area in Johor Baru.

WHILE the Johor property market could see fewer transactions for landed properties this year due to the impact of the Covid-19 crisis, values are however expected to remain stable.

In light of the pandemic, CBRE|WTW director Tan Ka Leong says interest on property purchase is expected to be much lower for the rest of the year, due to lack of spending confidence and more stringent lending policies that could slow down transactions.