Johor emerges as Malaysia’s second-largest residential market—JLL Malaysia

Johor has established itself as Malaysia’s second-largest residential market in 2025, following Selangor, based on both transaction volume and value. In 3Q2025, Johor recorded 10,500 transactions with a total value of RM5,487 million (S$1,769 million).

The southern state sustained positive momentum, outperforming the national trend as well as other key markets. For comparison, Selangor reported 14,560 transactions worth RM8,466 million, Kuala Lumpur had 3,789 transactions valued at RM3,452 million and Penang recorded 4,614 transactions totaling RM2,128 million in the same period.

Johor’s performance has been supported by the development of the Johor–Singapore Special Economic Zone, alongside broad-based infrastructure upgrades, said JLL Malaysia managing director and head of value and risk advisory Jamie Tan in its 4Q2025 property market media presentation here on Tuesday.

Residential demand has also been bolstered by spillover effects arising from the expansion of the data centre and industrial sectors, Tan added.

However, on a y-o-y basis, both transaction volume and value saw consolidation of approximately 17% and 6% respectively, which may suggest a period of market correction.

Industrial land prices in Johor continue upward trend
Meanwhile, industrial land values in Johor have continued to rise, driven by sustained demand across key areas including Iskandar Puteri–Tanjung Pelepas and Kulai–Senai.

JLL Malaysia logistics and industrial senior manager Derek Yap said that the average price psf reached RM86 in 2025, marking an 8.4% y-o-y increase from RM79 in 2024. This consistent growth since 2020, approaching pre-pandemic levels, suggests the market is stabilising following earlier economic disruptions.

Major industrial zones such as SiLC (Southern Industrial and Logistics Clusters) Nusajaya, Nusajaya TechPark, Senai IP, i-Park@Indahpura, SME@Indahpura, Indahpura IP, Johor Technology Park, Pasir Gudang IP and Tanjung Langsat IP continue to attract occupiers across sectors including electrical and electronics, logistics, automotive, data centre-related supply chains, medical and fast-moving consumer goods.

Yap added that the market benefits from investor-friendly policies, strategic positioning and regional diversification strategies, including the China Plus One approach.

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