Separated by just the Straits of Johor, Johor and Singapore are familiar neighbors. However, their respective property markets vary significantly. For those considering purchasing a home in either location, it is useful to understand just how significantly prices vary, as well as how prices compare by neighbourhood. We compared available data in order to help inform these consumers.
To get a better sense of how much pricing varies in each neighbourhood, it is necessary to also consider the price in terms of floor area. Again, we found that prices per square metre were significantly more expensive in Singapore than in Johor. However, it is worth noting that after accounting for floor area, the overall rank of pricing changes.
Other Factors to ConsiderWhile the relative affordability of Johor is a major attraction to both Malaysians and Permanent Residents of Singapore, price should not be the only factor for prospective home buyers to consider. For example, purchasing a home is a long-term commitment, especially for those utilising a home mortgage loan. Regardless of nationality, individuals must consider which areas they would prefer to live over the long run.
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