Johor property sales set to boom with announcement

Rising demand: Johor’s property overhang issue has almost been resolved with the increase in the purchase of properties in the past year, says Mohd Jafni.

ISKANDAR PUTERI: The move to ease the conditions of the Malaysia My Second Home (MM2H) programme coupled with the rise in the cost of rental in Singapore will help to boost the sale of properties in Johor, says state executive councillor Datuk Mohd Jafni Md Shukor.

The Johor housing and local government committee chairman said that between the first quarter of last year and quarter one of this year, the number of properties being sold in Johor had increased by 17%.