Highlights

  • Taman Molek suburb maintains an elevated price above RM550,000 while the median price in the area is below RM400,000.
  • The largest price decline is Centra Residences beside the EDL highway while The Aliff Residences was likely affected by the Capital 21 let-down.
  • Foreclosure or ‘lelong sales’ emerged strongly for the first time since Iskandar Property Census started.

JB Outer City Property Price: Aug 2020

  • The median price was RM394,266.
  • Measured in price per square foot, it was RM423psf.

Annual Price Change: Aug 2019 to Aug 2020

  • JB Outer City prices declined by an average of 7.1 percent.
  • The largest decline was recorded for Centra Residence, The Aliff Residences, and KSL Daya Residence, above 20 percent.
  • ARC Luxury Apartments and The Garden Residence Premier recorded the highest price increase, just above 7 percent.
  • 10 in 34 properties have less than 5 percent price movement.

6-month Price Change: Feb 2020 to Aug 2020

  • JB Outer City prices declined by an average of 6.8 percent.
  • The largest decline was recorded for G Residence and Jentayu Residence.
  • The largest price increase was recorded for The Garden Residence Premier.

Top and Bottom 3 Prices

  • The costliest properties were Molek Pine 4, Molek Pine 3 and Molek Regency at above RM560,000.
  • The least costly property is Centra Residence at below RM230,000.
  • Properties with the highest psf were Central Park, Havona Luxury Condo, Molek Regency at above RM560psf.
  • Properties with the lowest psf were Pandan Residence1, KSL Residence @Daya, and Centra Residence at below RM312psf.

We are constantly updating this area’s DEMAND and SUPPLY, location review in HOTSPOT and future PRICES in our FORECAST section.