The graph above depicts a quarterly analysis of transaction volumes across the state of Johor throughout 2017. The analysis focuses only on residential properties; which include all landed houses as well as high-rise property types.
Residential market activity cooled down towards the end of the year – from a total of 4,305 transactions in 2017 Q1 to only 2,813 transactions in 2017 Q4. That’s a total of 35% decrease (Q1 vs. Q4). It’s a pretty substantial amount for the state’s rising property sector.
It seems like Johoreans and foreign investors, who were reported to have actively invested in Johor’s properties, were shying away from the residential property market towards the end of 2017.
What could have contributed to the decline in transaction volume? Stay tuned as we will uncover more insights and possible factors that may contribute to the state’s weakening market activity.
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