2021 rental v3

This 3rd edition of the Portal Demand Analytics publication is an analysis of residential rental property demand using

iProperty.com.my’s user visits and property listings data in Malaysia with a focus on Kuala Lumpur, Selangor, Penang and Johor.

iProperty.com.my H1 2021 Portal Demand Analytics

(Residential Rental Market)

iProperty.com.my garners millions of visits each month. These real-time behaviours indicate where Malaysia’s residential rental property demand is (represented by user visits to the site) in comparison to property supply, as represented by residential property listings on our site.

The aim of the iProperty.com.my Portal Demand Analytics publication is to provide a macro view of current demand trends in the Malaysian residential rental market at national level and in the major states of Kuala Lumpur, Selangor, Penang and Johor, based on user visits and property listing data on iProperty.com.my.

A growth in demand – characterised by an increase in user visits and/or a decrease in the number of listings – would prove favourable to landlords. It signifies either more potential renters coming into the market or less competition among landlords advertising their properties. Conversely, a decrease in demand would benefit renters, tilting the market in their favour with plenty of rental property choices at their disposal.

In 2020, a -12.6% decline was recorded in national demand for residential rental properties. This drop was mainly due to an increase in rental property supply. Even though user visits to iProperty.com.my rental property listings also increased year-on-year, the spike in listings eclipsed the number of user visits. Six months into 2021, the rental property demand in Malaysia improved to +1.9%, owing to a smaller gap between demand and supply. Both user visits and listings increased in H1 2021; however, the jump in user visits not only caught up but outpaced the supply of rental property.

Note that the asking rental prices listed in this publication represent the rental property listings on iProperty.com.my. The breakdown of the listings' asking price range can be seen below:

DISCLAIMER: The demand data presented in this publication is representative of consumer sentiments. Some searches might have been for research purposes only while others represent genuine interest to move into particular areas.

Preface

Prem currently leads the data business in iProperty.com.my and together with his data team has produced property data analysis tools for property buyers and sellers, agents and developers. He provides regular talks on the Malaysia property market by demonstrating how to find value in property data. He is also the founder of brickz.my, a company of iProperty.com Malaysia Sdn Bhd and a business that helped build a healthier property market in Malaysia by creating awareness on property prices.

Premendran PathmanathanGeneral Manager – Customer Data Solutions & Quality, iProperty.com.my

iProperty.com.my H1 2021 Portal Demand Analytics (Residential Rental Market)

©2021 iProperty.com Malaysia Sdn Bhd. All rights reserved. 1

< RM1,500 > RM8,000RM1,500-RM2,500 RM2,500-RM3,500 RM3,500-RM4,000

Asking Rent Price Range

Renta

l Lis

itng

Inve

nto

ry M

ark

et

Share

RM5,000-RM8,000

47%

5%

0%

10%

15%

20%

25%

30%

35%

40%

45%

25%

9% 9%

4% 5%

Unique Visit

Active Property Listing

Property Demand

Organic / Direct Traffic

Median Asking Rental

:

:

:

:

:

Based on Google Analytics tracking of unique visitors, with multiple visits by one visitor are counted as one unique visit

Property listings on iProperty.com.my that were active for at least one day and had a minimum of one view

The number of unique visits over the number of active property listings

Based on Google Analytics tracking, organic and direct traffic are not obtained through paid services or from other sites

The median (asking) rental data is obtained from iProperty.com.my property listing database and does not reflect the actual rental prices which are eventually agreed upon between landlord and tenant. Only monthly asking rents within the evaluation period (January 2021 to June 2021) are used to determine the median for each property project. For the purpose of this analytics, whenever "rental" is mentioned, it is referred to as "Asking Rental".

De�initions

Only areas with more than 350 property listings were selected to negate the effects of any spikes.To prevent a single user from distorting the demand figures through multiple visits, unique visits was used for this publication.In cases where a single user visits multiple areas, the visit is equally weighted across the various areas and building types to maintain the uniqueness of the user.Only organic and direct visits are used for this publication.Median rental yield was calculated by taking the median of all rental yields by projects in a given area or by projects within the same property type.Asking price refers to rental prices provided by property sellers on iProperty.com.my. Therefore, it is not used to calculate performance matrixes such as rental yield and capital growth.

••

•

••

•

Considerations

Data sources

Data Type Source Review Period

Median Asking Price iProperty.com.my January 2021 to June 2021

Median Asking Rent iProperty.com.my January 2021 to June 2021

Property Demand iProperty.com.my January 2021 to June 2021



How was this calculated?

DemandTotal # of unique visits

Total # of active property listings=

YoY Demand % ChangeH1 2021 Demand – H1 2020 Demand

H1 2020 Demand=

Rental PSFAsking Rental

Built-Up Size=

Median Rental YieldMedian Asking Rent

, N = 1, ... ... nH1 2021, Project n

H1 2021, Project nMedian Asking Price= { } N

th term2

National Overview



National OverviewDemand for spacious landed residential rental property pulls up national demand �igure

In the previous installment of the Portal Demand Analytics, we noted that the pandemic was pushing property seekers to seek bigger living spaces – something terrace homes would be able to deliver. In H1 2021, the Year-on-Year (YoY) national residential rental demand in Malaysia turned around from -5.6% to +1.9%, The positive jump is fueled in large part by a surge in demand for terrace homes at +14.1%. This is an interesting shift from H1 2020 when condominium was the most in-demand rental property by user visit.

Improving consumer sentiment also boosted national demand growth. Demand for rental property in city centres began to build up in the first half of 2021 from the lower base of H1 2020. As lockdown restrictions eased and amenities and businesses started to reopen, demand for rental property in major business and residential districts in Kuala Lumpur and Penang, in particular, began to bounce back.

Notable areas in KL with double digit YoY demand growth include Mont Kiara, Mid Valley City and KL City Centre. In Penang, Pulau Tikus, George Town and Bukit Mertajam recorded the biggest jumps in demand at above 10%.

On the flip side, rental yields across all building types have dipped. In the 2020 Portal Demand Analytics (Rental Market), we argued that the pandemic supported a tenant’s market, putting renters in a good position to negotiate rental prices. This trend has continued in H1 2021 where the drop in asking rental prices were higher than the drop in asking sale prices, thus reducing the rental yields.

This was observed for all building types. The rental yield for terraced houses decreased to +2.9% from +3.3% in H1 2020. Meanwhile, the rental yield movement for condominiums and serviced residences have declined by 0.3% and 0.2% respectively.

Demand improvement aside, there are many among the Malaysian population who are still grappling with lower household incomes and financial constraints. According to the Department of Statistics Malaysia (DOSM), unemployment figure topped 4.8% in June 2021 following four consecutive months of lower unemployment figures. This would also mean landlords will continue to face challenges in keeping properties tenanted at the desired market prices while we ride out the pandemic.

Note: National demand is based on all property types including semi-detached, bungalows, clusters, townhouses and flats.



National Demand of all property

Year-on-Year1.9%

Year-on-Year

Demand

14.1%

RM1,700Median Asking Rent

Rental Yield2.9%

Terraced House

RM1.00Rental PSF

Condominium

Year-on-Year

Demand

4.5%


3.8%Rental Yield

RM1.78Rental PSF

Apartment

Year-on-Year

Demand

4.6%


4.4%Rental Yield

RM1.21Rental PSF

Serviced Residence

Year-on-Year

Demand

8.0%


3.7%Rental Yield

RM2.23Rental PSF

Kuala Lumpur



KUALA LUMPURRental prices down in line with income

Demand

Median Asking Rent

All buildingtypes

Year-on-Year

2.6%

RM2,000Rental Yield

3.9%Rental PSF

RM2.09

Year-on-Year

Demand

25.0%


Rental Yield3.2%

RM1.32Rental PSF

Terraced House Condominium

Year-on-Year

Demand

3.8%


Rental Yield3.9%

RM2.01Rental PSF

Apartment

Year-on-Year

Demand

12.8%


Rental Yield4.4%

RM1.38Rental PSF

Serviced Residence

Year-on-Year

Demand

13.6%


Rental Yield3.6%

RM2.44Rental PSF

Kuala Lumpur’s median rental price has dropped by 13% in H1 2021 (RM2,000) from RM2,300 in H1 2020. Note that price contraction or consolidation is necessary during a slow economy before recovery can take place.

Meanwhile, rental demand has improved from -2.9% in H1 2020 to +2.6%. With the unemployment rate at an all-time high, many will opt to rent instead of committing to a home purchase. In fact, Kuala Lumpur ranks third among all Malaysian states for the biggest drop in median household income in 2020. It is quite clear that landlords in most areas are absorbing some of the income shocks and are pricing down their rental units.

Many renters in Kuala Lumpur are looking for condominiums and serviced residences sized between 1,000-1,200 sq ft and priced between RM1,500-RM2,000. Apartment units sized 700-1,000 sq ft which cost RM1,000-RM1,500 are also popular. Also, affluent suburbs in Kuala Lumpur which are seeing demand growths in the excess of +10% and generating rental prices well above the city’s median of RM2,000 include Mont Kiara, Bangsar, Desa ParkCity, KL Sentral and Sri Hartamas.



TOP 20Most In-Demand Areas inKuala Lumpur

DAMANSARA HEIGHTS

PANTAI

BANGSAR

TAMAN TUN DR ISMAIL

KL SENTRAL

MID VALLEY CITY

TAMAN DESA

BUKIT JALIL

WANGSA MAJU

SEPUTEH

SRI HARTAMAS

SENTUL

DESA PARKCITY

CHERAS

OLD KLANG ROAD

SUNGAI BESI

SRI PETALING

BRICKFIELDS

JALAN IPOH

AMPANG

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

In Damansara Heights, most rental visitors were looking at bungalows and semi-ds priced above RM5,000 and with sizes above 3,000 sq ft. Meanwhile, in Pantai, visitors were interested in condominiums and serviced residences priced between RM2,500 - RM5,000 with sizes that range from 1,000 sq ft to 1,500 sq ft.



AREA BREAKDOWN

Rental property seekers in Mont Kiara were mostly interested in more luxurious units. However, a good number viewed smaller sized properties of roughly 450 sq ft and priced between RM1,500 to RM2,000.

MONT KIARA

MID VALLEY CITY

KL CITY CENTRE

TAMAN DESA

KL SENTRAL

BANGSAR

SRI HARTAMAS

DESA PANDAN

DESA PARKCITY

SEPUTEH

AMPANG

DAMANSARA HEIGHTS

BUKIT JALIL

DUTAMAS

PANTAI

SRI PETALING

OLD KLANG ROAD

AMPANG HILIR

CHERAS

BANDAR MENJALARA

SENTUL

SALAK SOUTH

SUNGAI BESI

BRICKFIELDS

SEGAMBUT

JALAN IPOH

TITIWANGSA

KEPONG

TAMAN TUN DR ISMAIL

WANGSA MAJU

SETAPAK

KUCHAI LAMA

BATU CAVES

JALAN KUCHING

RM4,000

RM2,800

RM2,400

RM1,600

RM3,500

RM4,200

RM2,900

RM2,800

RM4,500

RM2,900

RM1,800

RM7,000

RM1,700

RM13,000

RM2,200

RM1,500

RM1,500

RM7,000

RM1,500

RM1,600

RM1,500

RM1,550

RM1,700

RM1,800

RM1,700

RM1,550

RM1,650

RM1,400

RM2,700

RM1,600

RM1,450

RM1,600

RM1,600

RM1,500

4.2%

2.7%

3.6%

4.0%

2.9%

3.5%

3.4%

4.5%

3.5%

3.7%

4.1%

3.7%

3.7%

3.7%

4.5%

4.4%

3.9%

3.7%

4.3%

3.7%

4.2%

4.6%

3.8%

4.3%

4.0%

4.0%

4.1%

3.8%

3.3%

4.0%

4.2%

4.0%

5.2%

4.0%

LOCATION RENTAL

53.8%

34.8%

33.8%

33.5%

25.5%

21.8%

19.1%

12.9%

11.9%

10.4%

7.8%

7.7%

6.0%

5.1%

3.5%

2.6%

-1.8%

-12.9%

-13.1%

-13.2%

-15.9%

-16.7%

-17.5%

-18.6%

-20.9%

-20.9%

-23.0%

-23.8%

-24.1%

-25.7%

-27.2%

-27.7%

-38.3%

-39.4%

DEMAND

Year-on-Year %Change

MedianAsking Rent

RM2.92

RM3.41

RM2.91

RM1.70

RM2.78

RM2.39

RM2.41

RM2.11

RM2.60

RM1.77

RM2.14

RM2.36

RM1.67

RM1.87

RM1.92

RM1.58

RM1.83

RM2.45

RM1.61

RM1.59

RM1.61

RM1,77

RM1.39

RM2.39

RM1.62

RM1.50

RM1.81

RM1.24

RM2.00

RM1.78

RM1.40

RM1.50

RM1.66

RM1.59

RentalPSF

RentalYield

Selangor



SELANGORRental prices for terrace homes hold steady

Based on NAPIC’s Q2 2021 data, condominiums and serviced residences account for the highest number of unsold residential properties in Selangor at 2,019 units and 2,025 units respectively. These two property types saw a decrease in rental prices, with condominium rentals dropping to RM1,500 from RM1,600 in H1 2020 and serviced residence rates contracting to RM1,350 from RM1,500 in H1 2020. On the other hand, the rental prices of terrace houses have held steady at RM1,700, in line with a strong YoY demand of 25.5%.

Selangor was the only major state to record a decline in overall rental demand, but the slight YoY drop of -1.0% is attributed to an increase in property listings which surpassed the increase in user visits.

One notable borough is Setia Alam – ranked second on the most-in demand area list, it is also one of the fastest growing locations as several prominent glove manufacturing factories are located there. Rental property seekers in Setia Alam were viewing apartment units sized between 700 sq ft – 1,000 sq ft and priced between RM 700 to RM 1,000.

Demand

Median Asking Rent

All buildingtypes

Year-on-Year

1.0%

RM1,500Rental Yield

4.4%Rental Yield

RM1.59

Year-on-Year

Demand

25.5%


Rental Yield2.6%

RM0.97Rental PSF


Year-on-Year

Demand

10.6%


Rental Yield4.0%

RM1.62Rental PSF

Apartment

Year-on-Year

Demand

0.7%

RM900Median Asking Rent

Rental Yield4.5%

RM1.11Rental PSF

Serviced Residence

Year-on-Year

Demand

2.8%


Rental Yield4.1%

RM2.13Rental PSF



TOP 20Most In-Demand Areas inSelangor

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

In H1 2021, Bangi lost its coveted top spot on the list dropping to the fifth position. This was due to an influx of condominiums and serviced residences in the local market which caused demand to drop by -21% YoY. Rawang, on the other hand, emerged victorious with the highest YoY growth in demand (+57%). Unlike Bangi, property listings in Rawang decreased while user visits increased significantly.

RAWANG

SETIA ALAM

SUNWAY

KLANG

BANGI

TANJONG DUABELAS

SEMENYIH

DAMANSARA PERDANA

SHAH ALAM

SUBANG JAYA

PETALING JAYA

SELAYANG

DAMANSARA DAMAI

KAJANG

GLENMARIE

ARA DAMANSARA

AMPANG

CYBERJAYA

SUNGAI BULOH

BATU CAVES



AREA BREAKDOWN

In the top two residential areas, Rawang and Tanjong Duabelas, many visitors were looking at terrace houses sized between 1,500 – 2,000 sq ft and priced between RM1,000 to RM1,500.

RAWANG

TANJONG DUABELAS

SETIA ALAM

SELAYANG

KEPONG

PUCHONG

ARA DAMANSARA

SEMENYIH

DAMANSARA PERDANA

SUNGAI LONG

BANDAR KINRARA

SUBANG JAYA

MUTIARA DAMANSARA

BALAKONG

AMPANG

SUNWAY

CHERAS

BATU CAVES

ULU KELANG

SHAH ALAM

KOTA DAMANSARA

PETALING JAYA

KAJANG

KLANG

DAMANSARA DAMAI

SERI KEMBANGAN

SAUJANA

GLENMARIE

CYBERJAYA

SUNGAI BULOH

BANGI

BANDAR UTAMA

SEPANG

RM1,500

RM1,300

RM1,500

RM1,200

RM900

RM1,400

RM1,700

RM1,088

RM1,500

RM1,200

RM1,550

RM1,500

RM3,200

RM1,100

RM1350

RM1,800

RM1,300

RM1,200

RM1,800

RM1,500

RM1,700

RM1,700

RM1,150

RM1,250

RM1,200

RM1,150

RM2,200

RM1,400

RM1,300

RM1,400

RM1,200

RM2,300

RM1,300

4.6%

4.0%

4.0%

4.7%

4.1%

4.5%

3.9%

3.7%

4.6%

3.8%

4.1%

4.0%

3.8%

5.2%

4.6%

4.3%

4.4%

4.8%

4.7%

4.4%

4.3%

3.9%

3.9%

4.6%

4.4%

4.3%

3.4%

3.2%

4.4%

4.3%

5.0%

3.9%

4.6%

LOCATION RENTAL

57.7%

45.6%

31.8%

20.7%

19.1%

15.0%

13.9%

8.0%

7.8%

3.9%

3.6%

2.7%

1.6%

1.4%

1.3%

-0.5%

-1.4%

-1.5%

-2.4%

-3.1%

-3.3%

-3.8%

-5.3%

-5.8%

-6.0%

-8.8%

-10.3%

-14.8%

-15.4%

-15.9%

-21.0%

-26.8%

-48.6%

DEMAND


MedianAsking Rent

RM0.80

RM1.34

RM1.30

RM1.24

RM1.72

RM1.14

RM2.13

RM0.79

RM1.73

RM1.04

RM1.19

RM1.81

RM1.97

RM1.44

RM1.58

RM2.20

RM1.18

RM1.09

RM1.66

RM1.29

RM2.27

RM2.00

RM1.00

RM1.00

RM1.30

RM1.27

RM1.84

RM2.24

RM1.58

RM1.82

RM1.26

RM1.45

RM1.33

RentalPSF

RentalYield

Penang



PENANGLowest YoY rental yield in Malaysia but still steady at +3.3%

Demand

Median Asking Rent

All buildingtypes

Year-on-Year

1.8%

RM1,400Rental Yield

3.3%Rental Yield

RM1.33

Year-on-Year

Demand

2.9%


Rental Yield2.3%

RM0.83Rental PSF


Year-on-Year

Demand

5.1%


Rental Yield3.0%

RM1.44Rental PSF

Apartment

Year-on-Year

Demand

6.6%

RM950Median Asking Rent

Rental Yield3.3%

RM1.19Rental PSF

Serviced Residence

Year-on-Year

Demand

16.1%


Rental Yield3.4%

RM1.91Rental PSF

Rental property demand in Penang bounced back from a double-digit dip of -13.7% last year to register a +1.8% YoY growth. However, condominiums still register negative YoY demand at -5.1% as the increase in property listings far surpassed the increase in user visits. According to NAPIC, as of Q2 2021, Penang has a significant condominium overhang, topping 4,163 units.

On the pricing front, the state’s median rental dropped by RM100 to RM1,400. Serviced residences, in particular recorded a sub-par performance, declining from RM2,500 in H1 2020 to RM1,300 in H1 2021. This significant drop is due to dwindling supply of serviced residence units on the island and vice versa on the mainland. Serviced residence listings in Tanjung Tokong (priced at around RM2,500) have seen a reduction, while at the same time, there has been an increase of listings in more affordable areas in the mainland such as Perai, Simpang Ampat and Bukit Mertajam - where the rental prices are between RM1,000 to RM1,500.

It should be noted that these big shifts happen as Penang has a limited supply of serviced

residences. Therefore, any movement involving just a few property projects would shift the overall median pricing. As most of the high-rise homes are located on the island, we are seeing rental prices there trending downward. Whereas prices in the mainland have increased as many manufacturing industries are based here and were allowed to operate throughout most of H1 2021.

According to DOSM, the percentage of owner-occupiers in Penang has steadily dropped over the years, from 82% in 2014 to 78.9% in 2019. Meanwhile, the percentage of renters has increased from 16% to 19.7% in the same period. Renting makes more sense from a financial perspective as it incurs lower monthly costs compared to purchasing the same property. In fact, Penang’s rental yield is the lowest among the four major states at +3.3%.



TOP 15Most In-Demand Areas inPenang

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

Many site visitors were interested in condominiums and serviced residences in Simpang Ampat, priced between RM700 to RM1,000 with built-up sizes between 700 sq ft to 1,000 sq ft.

SIMPANG AMPAT

BUKIT MERTAJAM

PERAI

AYER ITAM

SUNGAI DUA

GEORGE TOWN

BUTERWORTH

BAYAN BARU

SUNGAI ARA

JELUTONG

BAYAN LEPAS

PULAU TIKUS

BATU FERINGGHI

GELUGOR

TANJUNG BUNGAH



AREA BREAKDOWN

SIMPANG AMPAT

BUKIT MERTAJAM

PULAU TIKUS

AYER ITAM

GEORGE TOWN

PERAI

SUNGAI DUA

GELUGOR

SUNGAI ARA

BUTTERWORTH

JELUTONG

BAYAN LEPAS

BAYAN BARU

TANJUNG TOKONG

TANJUNG BUNGAH

BATU FERINGGHI

RM1,000

RM1,050

RM2,600

RM800

RM1,450

RM850

RM899

RM1,800

RM1,199

RM1,200

RM1,200

RM1,350

RM1,400

RM2,000

RM3,000

RM2,000

4.4%

4.5%

2.5%

3.3%

2.8%

4.5%

3.1%

3.1%

3.2%

3.8%

3.2%

3.0%

3.7%

3.1%

2.9%

3.4%

LOCATION RENTAL

43.3%

29.0%

20.2%

19.9%

10.6%

4.7%

3.2%

2.8%

2.3%

2.1%

0.1%

-0.7%

-1.9%

-8.0%

-9.2%

-11.7%

DEMAND


MedianAsking Rent

RM1.06

RM0.86

RM1.54

RM1.06

RM1.36

RM1.57

RM1.14

RM1.43

RM1.08

RM1.02

RM1.30

RM1.31

RM1.22

RM1.72

RM1.42

RM1.34

RentalPSF

RentalYield

People looking to rent in Bukit Mertajam were browsing for apartments, serviced residences and terrace houses priced between RM700 to RM1,000 and sized between 1,000 sq ft to 1,250 sq ft.



JOHORJump in demand spurred by interest in high-rise units

Johor’s YoY rental property demand jumped to +6.6% from -19.5% in H1 2020 while median rental prices dipped by RM 200 to RM1,200. Similar to Penang, the biggest drop in pricing was contributed by condominiums and serviced residences, which posted a RM300 price decline from H1 2020 to RM1,200 in H1 2021. Rental prices in Johor would have a hard time holding up with a continued closure of international borders.

Johor still holds the record as the state with the biggest overhang in Malaysia. According to NAPIC, there are 6,661 units of unsold residential properties as of Q2 2021. The overhang in serviced residences is pretty dire too at 16,576 units as of Q2 2021. This oversupply situation is unlikely to change until the border with Singapore reopens.

It is worth noting that in Johor Bahru District, based on data from the Department of Statistics data, the percentage of people staying in their own property has decreased from 73.2% in 2014 to 69.7% in 2019, while the percentage of renters has seen an increase from 23.4% to 28.4% in the same period.

Demand

Median Asking Rent

All buildingtypes

Year-on-Year

6.6%

RM1,200Rental Yield

4.4%Rental Yield

RM1.23

Year-on-Year

Demand

2.1%


Rental Yield3.1%

RM0.84Rental PSF


Year-on-Year

Demand

19.3%


Rental Yield3.8%

RM1.41Rental PSF

Apartment

Year-on-Year

Demand

12.1%


Rental Yield4.5%

RM1.15Rental PSF

Serviced Residence

Year-on-Year

Demand

9.0%


Rental Yield3.7%

RM1.53Rental PSF



TOP 10Most In-Demand Areas in Johor

1

2

3

4

5

6

7

8

10

9

The most favoured rental price range for terrace homes in Pasir Gudang is between RM1,000 to RM1,500 for units sized between 1,500 sq ft to 2,000 sq ft.

PASIR GUDANG

ULU TIRAM

KULAI

GELANG PATAH

MASAI

SKUDAI

JOHOR BAHRU

TAMPOI

PERMAS JAYA

ISKANDAR PUTERI (NUSAJAYA)

AREA BREAKDOWN



Batu Caves’s high demand growth was contributed mainly by the condominium segment. Visitors were looking at rental properties below RM1,200 per month.

ULU TIRAM

PASIR GUDANG

TEBRAU

ISKANDAR PUTERI (NUSAJAYA)

KULAI

JOHOR BAHRU

MASAI

SKUDAI

PERMAS JAYA

TAMPOI

GELANG PATAH

RM1,000

RM1,200

RM1,100

RM1,800

RM1,100

RM1,200

RM1,000

RM1,000

RM1,500

RM1,100

RM1,000

5.6%

6.1%

4.5%

3.4%

5.6%

4.2%

4.6%

5.6%

4.0%

4.5%

4.2%

LOCATION RENTAL

62.4%

55.6%

14.6%

13.8%

12.4%

7.0%

0%

-2.0%

-9.1%

-17.3%

-20.7%

DEMAND


MedianAsking Rent

RM0.93

RM0.83

RM1.34

RM1.29

RM0.77

RM1.33

RM1.18

RM1.07

RM1.14

RM1.22

RM1.05

RentalPSF

RentalYield

Most of the visitors in Ulu Tiram were looking at apartments with built-up sizes between 700 sq ft to 1,000 sq ft and with price tags of between RM700 to RM1,000, as well as terrace houses, which are 1,500 to 2,000 sq ft in size within the RM1,000 to RM1,500 price range.



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