KEMENTERIAN KEWANGAN

LAPORAN PASARAN HARTA

WILAYAH SELATAN
2024

SOUTHERN REGION
PROPERTY MARKET REPORT
2024

JABATAN PENILAIAN DAN PERKHIDMATAN HARTA

VALUATION AND PROPERTY SERVICES DEPARTMENT
KEMENTERIAN KEWANGAN
MINISTRY OF FINANCE
 Diterbitkan oleh

Pusat Maklumat Harta Tanah Negara (NAPIC)

Jabatan Penilaian dan Perkhidmatan Harta
Kementerian Kewangan
ii Aras7, Perbendaharaan 2
No. 7, Persiaran Perdana
Presint 2
62592 PUTRAJAYA

Published by

National Property Information Centre (NAPIC)

Valuation and Property Services Department
Ministry Of Finance
Level 7, Perbendaharaan 2
No. 7, Persiaran Perdana
Precinct 2
62592 PUTRAJAYA

Tel. : 03 - 8886 9000

Fax : 03 - 8886 9007

Hak Cipta Terpelihara 2024

Copyright Reserved 2024

Boleh dimuat turun daripada [Link]

Downloadable from [Link]

Disclaimer: The information in this report is true and correct at the time of publishing.
 CONTENTS

1 Southern Region Property Market

Overview

2 Property Market Activity

3 Property Highlights
 GLOSSARY
Apt - Apartment
AOR - Average Occupancy Rate
ARR - Average Room Rate
BNM - Bank Negara Malaysia
CBD - Central Business District
CCC - Certificate of Completion & Compliance
EDTP - Electrified Double Railway Track Project
FDI - Foreign Direct Investment
GDP - Gross Domestic Product
GFA - Gross Floor Area
IRDA - Iskandar Regional Development Authority
JPPH - Jabatan Penilaian dan Perkhidmatan Harta
KVMRT - Klang Valley Mass Rapid Transit
LRT - Light Rail Transit
MRT - Mass Rapid Transit
NAPIC - National Property Information Centre
NA - Not Available
p.m.t. - per metric tonne
p.s.f. - per square foot
p.s.m. - per square metre
SA - Serviced Apartment
SD - Semi-Detached House
SOHO - Small Office Home Office
SOVO - Shop Office Versatile Office
 SOUTHERN
REGION

MARKET ACTIVITY
Volume, Value Transactions & Yearly Change (2024 vs 2023) Market Share between
Regions (Volume)
4.3% Volume 107,988 transactions Value RM63.99 billion 18.5%
25.7%
70,519 units 3.4% 13,258 units 12.3% 2,492 units 0.4% 15,273 units 3.1% 6,446 units 6.0%
RM29.31 billion 9.0% RM11.78 billion 18.4% RM6.34 billion 30.9% RM6.55 billion 20.9% RM8.07 billion 100.3%

74.3%

Southern Region Other Regions

Residential Commercial Industrial Agriculture Development Land & Others
Construction Activity

Unsold Status

17,862 831 8,901 97 5,192 units @ 1,795 units @ 11,489 units @ 137 units @
Completions RM3.28 billion RM1.68 billion RM9.33 billion RM0.15 billion
Overhang
27,870 2,269 19,256 272 12,722 1,192 4,651 392
Starts Unsold Under
Construction
24,775 1,850 12,407 482 1,341 205 1,762 170
New Planned Unsold Not
Supply Constructed
1.0 GAMBARAN KESELURUHAN PASARAN HARTA 1.0 SOUTHERN REGION PROPERTY MARKET
TANAH WILAYAH SELATAN OVERVIEW

Prestasi pasaran harta tanah di Wilayah Selatan The Southern Region property market performance
mencatatkan 107,988 transaksi bernilai RM63.99 bilion, registered 107,988 transactions worth RM63.99 billion,
masing-masing meningkat 4.3% dan 18.5% dalam increased by 4.3% and 18.5% in volume and value
bilangan dan nilai berbanding 2023. respectively as compared to 2023.

Chart 1
Overall Property Transactions Volume Trend 2020 –2024
80,000 50.0

70,000 40.0
60,000
30.0
Volume (Units)

50,000
20.0

% Change
40,000
10.0
30,000
0.0
20,000

10,000 -10.0

0 -20.0
2020 2021 2022 2023 2024
Johor 36,101 36,145 46,785 62,811 66,894
Negeri Sembilan 15,061 16,882 23,531 23,847 20,773
Melaka 14,287 12,859 17,387 16,869 20,321
Johor -16.7 0.1 29.4 34.3 6.5
Negeri Sembilan -7.2 12.1 39.4 1.3 -12.9
Melaka -6.9 -10.0 35.2 -3.0 20.5

Prestasi pasaran harta tanah di Melaka meningkat Property market performance in Melaka increased by 1
sebanyak 20.5%, diikuti oleh Johor 6.5%, manakala 20.5%, followed by Johor at 6.5%, while Negeri Sembilan
Negeri Sembilan mengalami penurunan sebanyak 12.9%. saw a decrease of 12.9%.

Chart 2
Overall Property Transactions Value Trend 2020 - 2024
60,000 60.0
50.0
50,000 40.0
Value (RM Million)

40,000 30.0
20.0
% Change

30,000 10.0
0.0
20,000 -10.0
10,000 -20.0
-30.0
0 -40.0
2020 2021 2022 2023 2024
Johor 16,794.46 19,220.93 25,143.72 37,879.67 48,388.93
Negeri Sembilan 5,142.47 6,685.42 8,774.12 10,311.50 8,907.54
Melaka 4,546.16 4,459.93 6,103.44 5,793.30 6,693.36
Southern Region

Johor -12.3 14.4 30.8 50.7 27.7

Negeri Sembilan -30.7 30.0 31.2 17.5 -13.6
Melaka -12.8 -1.9 36.9 -5.1 15.5

Trend yang serupa dilihat pada nilai transaksi. Johor A similar trend was seen in transaction value. Johor
mengalami kenaikan sebanyak 27.7% diikuti oleh Melaka increased by 27.7%, followed by Melaka at 15.5%.
15.5%. Sebaliknya, Negeri Sembilan menunjukkan Contrarily, Negeri Sembilan has shown a decrease of
penurunan sebanyak 13.6%. 13.6%.
 Chart 3 Chart 4
Overall Property Transactions Volume Breakdown by State Overall Property Transactions Value Breakdown by State
2024 2024

Negeri Sembilan Negeri Sembilan

19.2% 13.9%

Johor
62.0% Melaka
10.5%
Johor
75.6%

Melaka
18.8%

Johor menguasai keseluruhan transaksi harta tanah dengan Johor dominated the region’s overall property transaction
62.0% dalam bilangan (66,894 transaksi) dan 75.6% dalam with 62.0% in volume (66,894 transactions) and 75.6% in
nilai (RM48.39 bilion) daripada jumlah transaksi. value (RM48.39 billion) of the total transactions.

Chart 5 Chart 6
Overall Property Transactions Volume Breakdown by Sub- Overall Property Transactions Value Breakdown by Sub-
sector 2024 sector 2024
2
Agriculture Agriculture
14.1%
10.2%

Commercial
18.4%
Residential
65.3%
Residential
Commercial 45.8%
12.3%

Development Land &

Others
12.6%
Development Land & Others
6.0%

Industrial
Industrial 13.0%
2.3%

Berdasarkan subsektor, kediaman terus menguasai By sub-sector, residential continued to dominate the
transaksi harta tanah di wilayah ini, menyumbang 65.3% region’s property transactions, contributing 65.3% (70,519
(70,519 transaksi) daripada jumlah keseluruhan. Begitu transactions) of the total. Likewise, the residential sub-
juga, subsektor kediaman menguasai nilai transaksi harta sector dominated the region’s overall property transaction
tanah keseluruhan dengan syer 45.8% (RM29.31 bilion). value with a 45.8% share (RM29.31 billion).
 Table 1
Summary of Prominent Sales Recorded in 2024
Transaction Consideration
No. Property Location/Mukim
Year Price (RM)
PURPOSE BUILT OFFICE
1. Bangunan Akhma Persiaran Utama S2-1 2024 20,000,000
SHOPPING COMPLEX
1. Senibong Cove Mall Bandar Baru Permas Jaya, Plentong 2024 47,180,000
2. Kluang Mall Bandar Kluang, Jalan Rambutan, Kluang 2024 158,000,000
Johor
HOTEL
1. East Mount Hotel Kukup Laut, Pekan Kukup, Serkat, Pontian 2023 2,900,000
2. Desaru Beach Resort Desaru, Kota Tinggi, Johor 2023 19,813,000
3. Golden View Hotel Bandar Baru Nilai, Nilai, Negeri Sembilan 2023 5,000,000
INDUSTRIES
1. Industrial Land Persiaran Mega, Taman Perindusrian Nusa 2024 132,471,000
(102,558.00 square metres) Cemerlang, Pulai
2. Industrial Land Persiaran Mega, Taman Perindustrian Nusa 2023 315,166,000
(244,000.00 square metres) Cemerlang, Pulai
3. Detached Factory Jalan SILC 1/5, SILC Nusajaya, Jelutong 2024 162,000,000
(109,095.00 square metres
4. Detached Factory Jalan Persiaran Teknologi, Taman Teknologi 2023 125,100,000
(77,880.00 square metres Johor
5. Detached Factory Jalan Bayu, Perindustrian Tampoi 2023 146,000,000
(28,328.00 square metres 3
6. Detached Factory Jalan Persiaran Teknologi, Taman 2023 125,100,000
(77,880.00 square metres) Teknologi, Johor
7. Industrial Land Jalan Bioteknologi 1, SILC Nusajaya, 2023 102,685,000
(110,200.01 square metres) Jelutong
8. Detached Factory Jalan Permata 1/6, Arab Malaysian 2024 90,348,000
(4,5680.00 square metres) Industrial Park (Nilai)
9. Industrial Land Persiaran Mega, Taman Perindustrian Nusa 2023 86,940,000
(67,306.00 square metres) Cemerlang, Pulai
10. Industrial Land Jalan I-Park Sac 7, I-Park Senai Airport City 2023 71,874,000
(121,405.64 square metres) (SAC), Tebrau
11. Industrial Land Jalan Kargo 1, I-Park Senai Airport City 2023 62,532,000
(100,160.00 square metres) (SAC), Tebrau
12. Industrial Land Persiaran Mega, Taman Perindustrian 2023 59,713,000
(43,711.00 square metres) Nusa Cemerlang, Pulai
13. Industrial Land Kawasan Perindustrian Tanjung Langsat, 2023 44,880,000
(80,940.00 square metres) Perindustrian Tanjung Langsat
ESTATE LAND
1. Yong Peng River Estate Off Jalan Parit Sulong - Yong Peng, 2024 222,000,000
(558.53 hectares) Tanjong Sembrong
Southern Region

2. Muar Itam Estate (335,918.21 Jalan Muar-Parit Sulong, Parit Jawa, Muar 2024 200,000,000
Hectares)
3. Lot 6229 & 58 other lots (116.07 Off Batu 7, Jalan Tanjung Laboh, Minyak 2024 83,709,000
Hectares) Beku, Batu Pahat
4. Ladang Fok Bee Jalan Bangas - Bukit Bujang 2024 32,125,000
(162.99 Hectares)
5. Lot 2185 Jalan Dangi, Bahau, Johol, Kuala Pilah 2024 26,000,000
(200.00 Hectares)
 No. Property Location/Mukim Transaction Consideration
Year Price (RM)
6. Stan Plantations Off Lebuhraya Segamat – Kuantan, 2023 239,028,000
(758.75 hectares) Sermin, Segamat
7. Lot 31870 Off Jalan Senawang - Pedas 2023 64,000,000
(445.40 Hectares)
8. Lian Seng Estate Kampung Maju, Pondok Batang, Rim, 2023 61,627,000
(202.62 hectares) Jasin, Melaka
9. Taipan Plantation Jalan Ayer Kuning/ Batang Melaka, Air 2022 19,677,000
(105.17 hectares) Kuning, Tampin
BULK TRANSFER
1. Five Lots of Commercial Land Jalan Melaka Raya, Bandar Melaka, 2024 36,180,000
(53,314.00 square metres) Seksyen 43, Melaka Tengah
2. Eight Lots of Agriculture Land Jalan Kampung Asahan – Relau, Tangkak 2024 6,270,000
(106,205.00 square metres)
OTHERS
1. Eight Lots of Commercial Land Jalan Sungai Tiram, Johor Bahru 2024 528,200,000
(3,883,864.00 square metres)
2. Commercial Land Jalan Serampang Off Jln Tebrau, Taman 2004 167,000,000
(26,329.00 square metres) Sri Tebrau
3. Commercial Land Jalan Tun Razak - Jalan Kolam Air, 2004 151,316,000
(95,872.79 square metres) Kawasan Jalan Kolam Air
4. Six Lots of Mixed Development Estate Linsum, Jalan Seremban - Tampin 2023 215,500,000
Land (Next to Taman Tuanku Jaafar dan Taman
4 (3,037,187.00 square metres) Pinggiran Senawang)
5. Mixed Use Development Land Jalan Seremban – Tampin, Seremban 2023 210,272,000
(3,037,187.00 square metres)
6. Building Category Land with Jalan Tun Razak – Jalan Kolam Air, Johor 2023 151,316,000
Commercial Zoning Bahru, Johor
(95,872.79 square metres)
7. Six Lots of Mixed Development Estate Linsum, Jalan Seremban - 2023 90,400,000
Land Tampin(Next to Taman Tuanku Jaafar dan
(358,301.00 square metres) Taman Pinggiran Senawang)
8. Commercial Land Jalan Mutiara, Kawasan Perindustrian Nilai 2023 56,400,000
(95,660.00 square metres)

2.0 AKTIVITI PASARAN HARTA TANAH 2.0 PROPERTY MARKET ACTIVITY

2.1 HARTA TANAH KEDIAMAN 2.1 RESIDENTIAL PROPERTY

Transaksi Transaction

Harta tanah kediaman adalah subsektor utama bagi Residential property was the main sub-sector for the region.
wilayah ini. Terdapat 70,519 transaksi bernilai RM29.31 There were 70,519 transactions worth RM29.31 billion,
bilion, ini menunjukkan kenaikan 3.4% dalam bilangan increased by 3.4% in volume and 9.0% in value against
dan 9.0% dalam nilai berbanding 2023. Melaka dan Johor 2023. Melaka and Johor recorded an increase of 29.8%
mencatatkan kenaikan dalam bilangan masing-masing and 4.9% in volume as well as 22.9% and 13.9% in value,
29.8% dan 4.9% serta 22.9% dan 13.9% dalam nilai. Negeri respectively. Negeri Sembilan recorded the reverse, seeing
Sembilan merekodkan sebaliknya, menunjukkan sedikit a slight decrease in volume and value of 16.4% and 13.9%
penurunan dalam bilangan dan nilai sebanyak 16.4% dan compared to 2023.
13.9% berbanding 2023.
 Chart 8
Residential Property Transactions Volume Trend 2020 – 2024
45,000 40.0

40,000
30.0
35,000
20.0
30,000
Volume (Units)

10.0

% Change
25,000

20,000 0.0
15,000
-10.0
10,000
-20.0
5,000

0 -30.0
2020 2021 2022 2023 2024
Johor 23,150 22,591 28,087 40,561 42,565
Negeri Sembilan 9,855 12,230 16,786 17,109 14,297
Melaka 9,260 8,309 10,918 10,519 13,657
Johor 7.5 -19.9 -2.4 44.4 4.9
Negeri Sembilan -12.3 -8.6 24.1 1.9 -16.4
Melaka 15.3 -6.8 -10.3 -3.7 29.8

Chart 8
Residential Property Transactions Value Trend 2020 – 2024
25,000 60.0
50.0
20,000 40.0
Value (RM MIllion)

30.0
15,000

% Change
20.0

10,000
10.0
5
0.0

5,000 -10.0
-20.0
0 -30.0
2020 2021 2022 2023 2024
Johor 8,162.52 8,482.75 10,911.36 18,119.49 20,641.99
Negeri Sembilan 2,806.31 4,166.04 5,589.67 5,750.71 4,950.25
Melaka 2,345.84 2,326.95 3,399.44 3,021.92 3,714.88
Johor 15.3 -19.3 3.9 66.1 13.9
Negeri Sembilan -4.7 48.5 34.2 2.9 -13.9
Melaka -12.9 -0.8 46.1 -11.1 22.9

Pelancaran Baharu New Launches

Keseluruhan pasaran utama di Wilayah Selatan adalah The overall primary market in the Southern Region
bertambah baik apabila bilangan pelancaran baharu improved as the number of new launches increased 43.9%
meningkat 43.9% berbanding 2023. Johor merupakan as compared to 2023. Johor was the largest contributor
penyumbang terbesar terhadap peningkatan tersebut to the increase recorded with 53.2% (2023: 42.9%) in
dengan mencatatkan peningkatan prestasi jualan 53.2% sales performance. While Negeri Sembilan and Melaka
(2023: 42.9%). Manakala, Negeri Sembilan dan Melaka recorded a slight decrease of 28.9% (2023: 35.5%) and
Southern Region

masing-masing mencatatkan sedikit penurunan 28.9% 37.8% (2023: 38.8%), respectively, in the review period.
(2023: 35.5%) dan 37.8% (2023: 38.8%) dalam tempoh
kajian.
 Chart 9
Residential Newly Launch and Sales Performance 2020 to 2024
22,000 60.0
53.2
20,000 49.2
18,000 50.0
42.6 42.9 41.7
16,000 41.3
37.8 38.8 37.8
36.1 35.5 35.1 40.0
14,000
32.6
Units

12,000 29.3 28.9

30.0
10,000
8,000
20.0
6,000
4,000 10.0
2,000
0 0.0
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
JOHOR NEGERI SEMBILAN MELAKA
Units Sold 1,734 2,714 3,287 5,320 7,532 2,069 1,616 885 1,086 1,802 552 1,315 786 1,050 2,174
Units Launched 5,913 5,513 7,718 12,390 14,147 5,010 4,273 2,451 3,060 6,226 1,693 3,150 2,241 2,706 5,751
Sales Performance (%) 29.3 49.2 42.6 42.9 53.2 41.3 37.8 36.1 35.5 28.9 32.6 41.7 35.1 38.8 37.8

Status Pasaran Market Status

Situasi kediaman siap dibina tidak terjual di wilayah ini The overhang housing situation in this region improved with
bertambah baik dengan penurunan sebanyak 12.5%. Johor a 12.5% decrease. Johor recorded a decrease of 29.9%
mencatatkan pengurangan 29.9% (2,964 unit) berbanding (2,964 units) compared to the overhang in 2023 (4,228
siap dibina tidak terjual pada tahun 2023 (4,228 unit). units).
6
Situasi dalam pembinaan belum terjual bagi semua negeri Unsold under construction situation in all states recorded
di wilayah ini mencatatkan peningkatan sebanyak 28.3%. an increase of 28.3%. The same situation for unsold not
Keadaan yang sama bagi belum dibina belum terjual constructed with an increase of 47.9%. Johor and Negeri
dengan peningkatan 47.9%. Johor dan Negeri Sembilan Sembilan recorded an increase to 834 units (2023: 57
masing-masing mencatatkan peningkatan kepada 834 unit units) and 1,011 units (2023: 651 units) compared to 2023,
(2023: 57 unit) dan 1,011 unit (2023: 651 unit) berbanding respectively. While Melaka recorded a decrease of 78.2% to
2023. Manakala Melaka menyaksikan penurunan 78.2% 138 units (2023: 633 units) in the review year.
iaitu 138 unit (2023: 633 unit) pada tahun kajian.

Chart 10
Residential Overhang and Unsold Units 2020 – 2024
20,000

18,000

16,000

14,000

12,000
Units

10,000

8,000

6,000

4,000

2,000

0
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
JOHOR NEGERI SEMBILAN MELAKA
Unsold Not Constructed 333 1,105 724 57 834 192 914 272 651 1,011 621 951 411 633 138
Unsold Under Construction 10,706 9,523 5,071 4,817 6,245 3,723 3,492 3,339 1,978 2,507 3,200 2,883 2,578 3,123 3,970
Overhang 7,030 6,089 5,258 4,228 2,964 1,008 1,401 886 1,177 1,623 636 607 697 532 605
Aktiviti Pembinaan Construction Activity

Aktiviti pembinaan menyaksikan prestasi positif dalam Construction activity saw a positive performance in the
tempoh kajian. Siap dibina, mula dibina, dan penawaran review period. Completion, starts, and new planned
baharu dirancang masing-masing merekodkan supply recorded a positive growth of 8.9%, 46.5%, and
pertumbuhan positif 8.9%, 46.5%, dan 22.1% berbanding 22.1%, respectively, against 2023.
2023.

Chart 11
Residential Construction Activity Trend 2020 – 2024
50,000

45,000

40,000

35,000

30,000
Units

25,000

20,000

15,000

10,000

5,000

0
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
JOHOR NEGERI SEMBILAN MELAKA
New Planned Supply 9,641 8,341 5,276 9,924 17,726 3,538 3,485 1,762 1,488 1,703 2,005 4,998 7,516 8,877 5,346
Starts 13,801 9,692 12,313 9,892 14,505 6,105 5,094 7,550 4,011 5,968 4,602 5,556 4,876 5,126 7,397
Completion 12,097 8,307 9,479 10,456 11,031 4,014 3,752 3,562 4,511 3,562 5,126 4,945 2,222 1,437 3,269

7
Table 2
Residential Construction Activity in Southern Region 2024
Negeri
Stage of State Johor Melaka
Sembilan
Development
Existing Supply (units) 928,421 311,209 223,469
Incoming Supply (units) 36,121 18,768 24,279
Planned Supply (units) 45,462 26,928 23,977

Harga Price

Harga amnya stabil dengan pertumbuhan marginal Prices were generally stable with marginal growth
diperhatikan di lokasi terpilih. Teres satu tingkat kos observed in selected locations. Single storey low-cost
rendah di Taman Saujana, Pontian, Johor mencatatkan terrace in Taman Saujana, Pontian, Johor recorded the
peningkatan tertinggi di wilayah ini sebanyak 15.0%. Ini highest increase in this region at 15.0%. This is due to the
disebabkan permintaan yang tinggi terhadap kediaman high demand for this type with its strategic location and
jenis ini dengan kedudukannya yang strategik serta good facilities.
kemudahan fasiliti yang baik.
Southern Region

Walaubagaimanapun, bagi jenis kediaman yang sama However, for the same type of houses in Rumah Rakyat
di Rumah Rakyat Batu 10, Seremban mencatatkan Batu 10, Seremban recorded the highest decrease of
penurunan tertinggi sebanyak 11.1% disebabkan kawasan 11.1% due to the less active area and being an old housing
yang kurang aktif dan merupakan perumahan lama. scheme.
 Indeks Harga Rumah House Price Index

Indeks Harga Rumah di Johor, Negeri Sembilan dan Melaka House Index for Johor, Negeri Sembilan and Melaka stood
masing-masing mencatatkan 279.8 mata, 238.0 mata dan 279.8 points, 238.0 points and 215.9 points, respectively. All
215.9 mata. Semua negeri mencatatkan pertumbuhan states recorded marginal growth in the House Price Index,
marginal dalam Indeks Harga Rumah antara 0.7% hingga ranging between 0.7% and 5.3% compared with 2023.
5.3% berbanding 2023.

Purata semua harga rumah mengikut negeri yang direkodkan The average all house price by states recorded for Johor
untuk Johor ialah RM436,576 (2023: RM414,586), diikuti stood at RM436,576 (2023: RM414,586), followed by
Negeri Sembilan pada RM319,406 (2023: RM317,353) dan Negeri Sembilan at RM319,406 (2023: RM317,353) and
Melaka pada RM238,109 (2023: RM230,109). Melaka at RM238,109 (2023: RM230,109).

Chart 12:
All House Price Index Annual Changes 2023 & 2024P
8.0
7.3
6.8
7.0 2023 2024P

6.0
5.3
Annual Change (%)

5.0

4.0 3.5
3.1
8 3.0

2.0

1.0 0.7

0.0
YEAR JOHOR
Johor NEGERI
Negeri SEMBILAN
Sembilan MELAKA
Melaka
2023
Index Point 6.8
265.7 7.3
236.4 3.1
208.6
2023 Average
2024P 5.3 0.7 3.5
RM414,586 RM317,353 RM230,083
House Price
Index Point 279.8 238.0 215.9
2024P Average
RM436,576 RM319,406 RM238,109
House Price

Sewa
Rental
Sewa pasaran kediaman di Wilayah Selatan umumnya
stabil dengan peningkatan direkodkan di kawasan terpilih. The residential rental market in the Southern Region
Sewa yang kukuh di lokasi pilihan utama disebabkan was generally stable with some improvement recorded
pembaharuan penyewaan, semakan sewa serta in selected areas. Rental firmed up in prominent choice
kemudahan infrastruktur dan fasiliti yang baik. locations mainly due to tenancy renewals, rental reviews,
and good infrastructure and amenities.
Di Melaka, rumah berkembar satu tingkat di Taman Bukit
Melaka, Melaka Tengah mencatatkan peningkatan tertinggi In Melaka, single-storey semi-detached houses in Taman
purata perubahan sewa sebanyak 29.4% kepada RM1,100 Bukit Melaka, Melaka Tengah recorded the highest increase
sebulan (2023: RM850 sebulan). Kenaikan ini disebabkan in average rental change of 29.4% to RM1,100 per month
lokasi skim berdekatan dengan kemudahan dan fasiliti (2023: RM850 per month). This increase is due to the
seperti Universiti Multimedia (MMU), Bukit Beruang, scheme’s location being close to amenities and facilities
dan Pusat Perdagangan Antarabangsa Melaka (Melaka such as Multimedia University (MMU), Bukit Beruang, and
International Trade Centre -MITC), serta skim baharu yang Melaka International Trade Centre (MITC), as well as new
sedang dibangunkan berdekatan. schemes being developed nearby.
Begitu juga bagi Wadihana Kondominium di Johor Similarly, Wadihana Condominium in Johor Bahru
Bahru mencatatkan kenaikan purata perubahan sewa recorded an average rental change increase of 20.6%.
sebanyak 20.6%. Kadar sewa meningkat kepada antara The rental rate increased to RM1,500 and RM2,300 per
RM1,500 hingga RM2,300 sebulan (2023: RM1,500 month (2023: RM1,500 and RM1,650 per month) also
hingga RM1,650 sebulan) juga disebabkan faktor yang due to the same factors and its location being close to the
sama serta kedudukannya berhampiran dengan kawasan Johor-Singapore Rapid Transit System Link construction
pembinaan Rapid Transit System Link Johor-Singapura area.

2.2 HARTA TANAH KOMERSIAL 2.2 COMMERCIAL PROPERTY

Transaksi Transaction

Harta tanah komersial di Wilayah Selatan merekodkan The commercial property in the Southern Region recorded
13,258 transaksi bernilai RM11.78 bilion, meningkat 13,258 transactions worth RM11.78 billion, increased
sebanyak 12.3% dalam bilangan dan 18.4% dalam nilai by 12.3% in volume and 18.4% in value against 2023.
berbanding 2023. Bilangan transaksi di Johor dan Melaka Transaction volume in Johor and Melaka increased 28.2%
masing-masing meningkat 28.2% dan 4.8%. Sebaliknya and 4.8%, respectively. Contrarily, Negeri Sembilan
Negeri Sembilan menurun sedikit 4.4% dalam tempoh slightly decreased by 4.4% in review period.
kajian.

Chart 13
Commercial Property Transactions Volume Trend 2020 – 2024
12,000 40.0

10,000 30.0
20.0
9
Volume (Units)

8,000

% Change
10.0
6,000
0.0
4,000
-10.0
2,000 -20.0
0 -30.0
2020 2021 2022 2023 2024
Johor 3,025 3,046 4,787 8,041 10,312
Negeri Sembilan 832 727 1,269 1,586 1,517
Melaka 933 719 1,238 1,363 1,429
Johor 5.8 -18.4 0.7 68.0 28.2
Negeri Sembilan -8.1 -9.3 -12.6 25.0 -4.4
Melaka 15.5 -18.6 -22.9 10.1 4.8

Situasi yang sama dari segi nilai, Johor menunjukkan Similar situations in value, Johor has shown an increase
peningkatan nilai 53.6%, diikuti dengan Melaka 24.4%. of 53.6% followed by Melaka 24.4%. Contrarily, Negeri
Sebaliknya, Negeri Sembilan menunjukkan sedikit Sembilan showed a slight decrease of 15.7% compared
penurunan nilai 15.7% berbanding 2023. to 2023.
Southern Region
 Chart 14
Commercial Property Transactions Value Trend 2020 – 2024
10,000 60.0
9,000 50.0
8,000 40.0
Value (RM Million) 7,000 30.0
6,000 20.0

% Change
10.0
5,000
0.0
4,000 -10.0
3,000 -20.0
2,000 -30.0
1,000 -40.0
0 -50.0
2020 2021 2022 2023 2024
Johor 2,860.12 3,747.80 4,573.60 6,149.12 9,442.88
Negeri Sembilan 465.81 607.73 738.59 1,338.26 1,128.81
Melaka 709.48 714.81 1,053.53 974.96 1,212.47
Johor -2.1 -9.7 31.0 34.4 53.6
Negeri Sembilan -16.4 30.5 21.5 81.2 -15.7
Melaka -37.0 0.8 47.4 -7.5 24.4

a. Kedai a. Shop

Transaksi Transaction

Subsektor kedai menguasai bilangan pasaran komersial Shop sub-sector dominated the volume of the Southern
Wilayah Selatan pada tahun 2024 dengan 45.9% syer Region commercial market in 2024 with 45.9% market share.
10
pasaran. Johor penyumbang transaksi tertinggi dengan Johor contributed the highest number of transactions with
4,187 transaksi bernilai RM4.32 bilion berbanding 2023 4,187 transactions worth RM4.32 billion, compared to 2023
(3,821 transaksi bernilai RM3.35 bilion). Negeri Sembilan (3,821 transaction worth RM3.35 billion). Negeri Sembilan
menyusul dengan jumlah 1,054 transaksi bernilai RM779.74 followed with a total of 1,054 transaction worth RM779.74
juta (2023: 1,126 transaksi bernilai RM913.05 juta) dan million (2023: 1,126 transactions worth RM913.05 million)
Melaka dengan 842 transaksi bernilai RM488.28 juta (2023: and Melaka with 842 transactions worth RM488.28 million
862 transaksi bernilai RM507.02 juta). (2023: 862 transactions worth RM507.02 million).

Status Pasaran Market Status

Kedai siap dibina tidak terjual di Wilayah Selatan bertambah Shop overhang in Southern Region improved as the
baik apabila bilangannya berkurangan pada tahun 2024. numbers decreased in 2024. Johor dropped to 1,222 units
Johor turun kepada 1,222 unit (2023: 1,517 unit), diikuti (2023: 1,517 units), followed by Negeri Sembilan down to
Negeri Sembilan turun kepada 381 unit (2023: 411 unit). 381 units (2023: 411 units). Contrarily, Melaka remains 192
Sebaliknya Melaka kekal sama 192 unit (2023: 192 unit). units (2023: 192 units).

Prestasi kedai dalam pembinaan belum terjual dan

belum dibina belum terjual bagi wilayah ini masing- Unsold under construction and unsold not construction
masing menyaksikan peningkatan sebanyak 9.3% dan shop for this region saw an increased of 9.3% and nearly
menghampiri tiga kali ganda berbanding 2023. three-fold respectively, against 2023.
 Chart 15
Shop Overhang and Unsold Units 2020 – 2024
4,000

3,500

3,000

2,500
Units

2,000

1,500

1,000

500

0
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
JOHOR NEGERI SEMBILAN MELAKA
Unsold Not Constructed 0 0 13 30 65 28 30 35 6 88 53 0 0 19 52
Unsold Under Construction 1,997 1,476 1,005 1,036 1,032 94 55 7 30 160 141 22 50 25 0
Overhang 1,652 1,578 1,731 1,517 1,222 483 464 455 411 381 744 174 277 192 192

Aktiviti Pembinaan Construction Activity

Aktiviti pembinaan di Wilayah Selatan menyaksikan trend Construction activities in the Southern Region experienced
bercampur. Siap dibina menyaksikan penurunan sebanyak a mixed trend. Completion showed a decrease of 44.0%,
44.0%, manakala mula dibina dan penawaran baharu while starts and new planned supply recorded an increase
dirancang masing-masing mencatatkan peningkatan lebih of more than two-fold and 9.0% respectively, against 2023.
dua kali ganda dan 9.0% berbanding 2023. 11

Chart 16
Shop Construction Activity Trend 2020 – 2024
4,000
3,800
3,600
3,400
3,200
3,000
2,800
2,600
Units

2,400
2,200
2,000
1,800
1,600
1,400
1,200
1,000
800
600
400
200
0
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
JOHOR NEGERI SEMBILAN MELAKA
New Planned Supply 972 139 926 1,097 1,290 73 70 2 194 226 200 48 135 406 334
Southern Region

Starts 1,317 755 631 688 1,433 144 21 75 218 341 97 126 110 108 495
Completion 1,498 1,101 1,187 1,355 818 203 12 38 53 5 409 143 31 68 8

Table 3
Shop Construction Activity in Southern Region 2024
Stage of State Negeri
Johor Melaka
Development Sembilan
Existing Supply (units) 99,646 27,553 23,518
Incoming Supply (units) 4,802 1,166 1,719
Planned Supply (units) 5,113 2,438 1,777
 Harga dan Sewa Price and Rental

Dalam subsektor komersial, harga kedai secara keseluruhan In the commercial sub-sector, shop prices as a whole for
bagi wilayah ini menunjukkan pergerakan stabil di mana this region show a stable movement where the average
purata perubahan harga berada dalam lingkungan 10%. price change is in the range of 10%. An exception for two
Pengecualian bagi kedai teres dua tingkat di Taman storey terrace shops in Taman Desaru Utama, Kota Tinggi,
Desaru Utama, Kota Tinggi, Johor dengan kenaikan harga Johor, with an increase in price of 13.1% due to the rapid
13.1% disebabkan oleh kepesatan skim baharu di kawasan development of new schemes in the area, has become a
tersebut, menjadi tumpuan perniagaan bagi Bandar business focus for Bandar Penawar and the surrounding
Penawar dan kawasan sekitarnya. area.

Sewaan tingkat bawah kedai di wilayah ini juga umumnya Rental of ground floor shop in the region also was generally
stabil. Peningkatan sewa dicatatkan di Taman Tasik Indah, stable. Taman Tasik Indah, Kluang, Johor recorded
Kluang, Johor 20.8% dengan sewa antara RM1,300 hingga increased 20.8% with a rental between RM1,300 and
RM1,600 sebulan (2023: RM1,100 hingga RM1,300 RM1,600 per month (2023: RM1,100 hingga RM1,300) due
sebulan) disebabkan berpunca daripada kepesatan to rapid development in the area with the emergence of
pembangunan di kawasan tersebut dengan kemunculan new housing schemes such as Taman Kluang Perdana and
skim perumahan baru seperti Taman Kluang Perdana dan Taman Bukit Perdana.
Taman Bukit Perdana.

b. Pangsapuri Khidmat/ SOHO b. Serviced Apartment/ SOHO

Transaksi Transaction

12 Pangsapuri khidmat/SOHO di Wilayah Selatan merekodkan Serviced apartment/SOHO in the Southern Region
5,132 transaksi bernilai RM3.10 bilion, membentuk 38.7% recorded 5,132 transaction worth RM3.10 billion, formed
daripada bilangan transaksi dan 26.3% daripada jumlah 38.7% of transactions volume and 26.3% of the total
nilai keseluruhan harta tanah komersial. Mengikut negeri, value commercial property. By state, Johor contributed the
Johor menyumbang bilangan pasaran tertinggi dalam syer highest market volume market share with 93.2% (4,781
pasaran dengan 93.2% (4,781 transaksi). transactions).

Status Pasaran Market Status

Secara amnya, situasi pangsapuri khidmat/SOHO siap Generally, the serviced apartments/SOHO overhang and
dibina tidak terjual dalam wilayah menunjukkan pergerakan unsold situations showed downtrend movement across the
menurun sebanyak 11.6% berbanding 2023. region by 11.6% as compared to 2023.

Sebaliknya dalam pembinaan belum terjual dan belum Contrarily, unsold under constructions and unsold not
dibina belum terjual pula menyaksikan trend meningkat. constructions showed upward trend. Johor was the highest
Johor merupakan penyumbang tertinggi bagi pertambahan contributor to the increase in units at the sales with 4,794
unit di peringkat jualan dengan 4,794 unit (2023: 4,888 units (2023: 4,888 units) in unsold under constructions and
unit) bagi pembinaan belum terjual dan 1,762 (2023: 0 unit) 1,762 (2023: 0 units) in unsold not constructions.
dalam belum dibina belum terjual.

Aktiviti Pembinaan Construction Activity

Aktiviti pembinaan pangsapuri khidmat/SOHO di wilayah Construction activities of serviced apartments/SOHO in the
ini menunjukkan petanda yang baik di semua peringkat region showed a good sign in all stages of development
pembangunan berbanding 2023. Johor bertambah kukuh as compared to 2023. Johor strengthened with more
dengan mencatatkan lebih banyak unit siap dibina, mula completions, starts, and new planned supply recorded.
dibina dan penawaran baharu dirancang. Begitu juga, Similarly, Melaka charted more starts in the review period.
Melaka mencatat lebih banyak unit mula dibina dalam
tempoh kajian.
 Chart 17
Serviced Apartment/ SOHO Overhang and Unsold Units 2020 – 2024

30,000
Chart Title

25,000

20,000
UnitS

15,000

10,000

5,000

0
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
JOHOR NEGERI SEMBILAN MELAKA
Unsold Not Constructed 0 1522 1,129 0 1,762 0 0 0 0 0 0 0 213 0 0
Unsold Under Construction 8,026 8,076 5,939 4,888 4,794 2,694 2,454 2,075 546 464 739 57 92 340 1,401
Overhang 16,906 16,902 14,463 12,057 11,007 0 0 0 1,348 865 187 44 58 24 0

Harga dan Sewa Price and Rental

Harga pangsapuri khidmat/SOHO di Wilayah Selatan Prices of serviced apartments/SOHO in the Southern
sebahagian besarnya stabil dengan beberapa pergerakan Region are largely stable with several mixed movements
bercampur-campur di lokasi terpilih. Purata perubahan in selected locations. The average percentage changes
peratusan harga menurun bagi wilayah antara lingkungan for prices decreased for this region, ranged from 2.2% to
2.2% hingga 8.0%, manakala kenaikan adalah daripada 8.0%, while the increases were ranged from 2.6% to 7.2%.
2.6% hingga 7.2%.
13
Chart 18
Serviced Apartment/ SOHO Construction Activity Trend 2020 – 2024
40,000

35,000

30,000

25,000
Units

20,000

15,000

10,000

5,000

0
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
JOHOR NEGERI SEMBILAN MELAKA
New Planned Supply 1,235 1,472 0 1,639 13,267 0 0 0 0 0 0 442 0 2,480 0
Starts 5,192 1,953 1,568 2,653 16,383 3,101 980 252 546 195 0 130 240 723 2,678
Completion 1,024 1,120 232 1,190 8,901 0 0 0 3,213 0 864 722 0 0 0
Southern Region

Table 4
Serviced Apartment/ SOHO Construction Activity in Southern Region 2024

Negeri
Stage of State Johor Melaka
Sembilan
Development
Existing Supply (units) 111,718 14,602 9,688
Incoming Supply (units) 25,245 2,657 7,890
Planned Supply (units) 30,201 598 5,488
 Pasaran sewa wilayah pada umumnya stabil. Pangsapuri The region’s rental market was generally stable. Citywood
khidmat Citywoods di Johor Bahru mencatatkan kenaikan service apartment in Johor Bahru recorded the highest
tertinggi sebanyak 11.8% disebabkan kedudukan yang increase of 11.8%, due to its strategic location and nearby
strategik dan berhampiran dengan bandar Johor Bahru. Johor Bahru City Centre.

c. Kompleks Perniagaan c. Shopping Complex

Transaksi Transaction

Terdapat dua transaksi direkodkan di Wilayah Selatan There were two transactions recorded in the Southern
dalam tempoh kajian ini iaitu Senibong Cove Mall di Region during the review period, namely Senibong Cove Mall
Bandar Permas Jaya dipindahmilik RM47,180,000 dan in Bandar Permas Jaya transacted at RM47,180,000 and
Kluang Mall di Bandar Kluang, Kluang yang dipindahmilik Kluang Mall di Bandar Kluang, Kluang at RM158,000,000.
RM158,000,000. Kedua-duanya terletak di Johor dan Both are located in Johor and the sale and purchase
dipindahmilik pada 2024. agreement was completed in 2024.

Penghunian dan Ketersediaan Ruang Occupancy and Space Availability

Prestasi subsektor ruang niaga berada dalam trend yang The performance of the retail space subsector is in a positive
positif. Kadar penghunian semua negeri di Wilayah Selatan trend. The occupancy rate of all states of the Southern
menunjukkan peningkatan. Johor mendahului dengan Region showed an increase. Johor lead with 72.8% (2023:
72.8% (2023: 70.6%), Negeri Sembilan dengan 68.7% 70.6%), Negeri Sembilan with 68.7% (2023: 67.7%) and
(2023: 67.7%) dan Melaka dengan 64.0% (2023: 62.4%). Melaka with 64.0% (2023: 62.4%).
14
Chart 19
Supply and Occupancy of Shopping Complex 2024
Malaysia's Occupancy: 78.8%
3,000,000 80.0
74.9
73.0 72.8
68.8 70.6 70.0
67.7 68.7
2,500,000 66.6 66.8 66.6
63.3 63.8 62.4 64.0
61.2 60.0

Occupancy Rate (%)

2,000,000
Space

50.0

1,500,000 40.0

30.0
1,000,000
20.0
500,000
10.0

0 0.0
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
JOHOR NEGERI SEMBILAN MELAKA
Space (s.m.) 2,469,646 2,442,257 2,456,467 2,455,302 2,455,302 597,350 605,456 605,456 613,611 613,463 635,388 635,388 635,388 635,622 632,354
Space Occupied (s.m.) 1,849,980 1,781,800 1,691,273 1,732,338 1,788,433 397,762 404,587 403,475 415,428 421,526 402,185 405,243 388,601 396,668 404,682
Occupancy Rate (%) 74.9 73.0 68.8 70.6 72.8 66.6 66.8 66.6 67.7 68.7 63.3 63.8 61.2 62.4 64.0

Table 5
Pertinent Movements in Shopping Complex 2024
Shopping Estimated Space
Nos. Tenant Movement
Complex (s.m.)
1 Kluang Junction 11,584.21 Move In
Aktiviti Pembinaan Construction Activity

Hanya terdapat satu bangunan kompleks perniagaan Only one complex building that have been completed
yang siap dibina dalam tempoh kajian di Wilayah Selatan during the review period in the Southern Region, namely
iaitu BizBox Nilai (Arcade) di Putra Nilai, Negeri Sembilan. Bizbox Nilai (Arcade) in Putra Nilai, Negeri Sembilan.

Table 6
Shopping Complex Construction Activity in Southern Region 2024
Negeri
Stage of State Johor Melaka
Sembilan
Development
Existing Supply 156 buildings 95 buildings 31 buildings
(2,455,302 s.m.) (613,463 s.m.) (632,254 s.m.)
Incoming Supply 2 buildings 1 building 2 buildings
(17,716 s.m.) (7,345 s.m.) (57,245 s.m.)
Planned Supply 0 0 0

Sewa Rental

Sewaan ruang niaga di wilayah ini sebahagian besarnya Rentals of retail space in this region were largely stable
stabil. Peratusan penurunan purata perubahan sewa across the board . The average percentage decrease in
bagi wilayah adalah antara 2.4% hingga 7.4%, manakala rental changes for this region ranged from 2.4% to 7.4%,
kenaikan adalah antara 2.4% hingga 9.9%. while the increase ranged from 2.4% to 9.9%.

Mengikut negeri, Bangunan Larkin Sentral di Johor Bahru According to the state, the Larkin Sentral Building in Johor
mengekalkan catatan kadar sewaan tertinggi bagi tingkat Bahru remains the record for the highest rental rate for the
bawah dengan lingkungan antara RM375.40 m.p. hingga ground floor with a range of RM375.40 s.m. to RM559.57 15
RM559.57 m.p. sebulan (Luas Lantai: 5 m.p. hingga 6 s.m. per month (Floor Area: 5 s.m. to 6.s.m.).
m.p.).
Bagi tingkat yang sama di Negeri Sembilan, Giant For the same floor in Negeri Sembilan, Giant Hypermarket,
Hypermarket, Senawang, Seremban mencatatkan Senawang, Seremban recorded the highest rental rate
sewaan tertinggi dalam lingkungan sewa antara RM117.86 between RM117.86 s.m. to RM265.65 s.m. per month
m.p. hingga RM265.65 m.p. sebulan (Luas Lantai: 8 m.p. (Floor Area: 8 s.m. to 15 s.m.).
hingga 15 m.p.).

Manakala di Melaka, Mahkota Parade, Bandar Hilir While in Melaka, Mahkota Parade, Bandar Hilir recorded
mencatatkan sewaan tertinggi antara RM180.00 s.m the highest rental rates between RM180.00 s.m to
hingga RM392.00 s.m. sebulan (Luas lantai: 24 s.m. RM392.00 s.m. per month (Floor area: 24 s.m. to 171 s.m.)
hingga 171 s.m.)

d. Pejabat Binaan Khas d. Purpose-built Office

Transaksi Transaction
Southern Region

Hanya satu transaksi pejabat binaan khas direkodkan Only one transaction of purpose-built office recorded in
di Wilayah Selatan dalam tempoh kajian iaitu Bangunan the Southern Region during the review period namely
Akhma, Persiaran Utama S2-1, Negeri Sembilan. Akhma Building, Persiaran Utama S2-1, Negeri Sembilan.
Pindahmilik ini disempurnakan dalam tempoh kajian The transactions completed in the review period with
dengan harga balasan berjumlah RM20,000,000. consideration price of RM20,000,000.
 Penghunian dan Ketersediaan Ruang Occupancy and Space Availability

Segmen pejabat binaan khas di Wilayah Selatan The purpose-built office segment in the Southern Region
menunjukkan prestasi yang bercampur-campur. Kadar showed a mixed performance. The occupancy rate for
penghunian bagi Negeri Sembilan dan Johor masing- Negeri Sembilan and Johor slightly decrease to 89.8%
masing menurun sedikit kepada 89.8% (2023: 91.4%) dan (2023: 91.4%) and 68.7% (2023: 71.0%), respectively.
68.7% (2023: 71.0%). Manakala, Melaka meningkat sedikit Meanwhile, Melaka slightly increased to 86.5% (2023:
kepada 86.5% (2023: 86.1%). 86.1%).

Chart 20
Supply and Occupancy of Purpose-built Office 2024
Malaysia's Occupancy: 78.1%
1,800,000 100.0
91.5 91.1 90.9 91.4 89.8
86.1 86.5 90.0
1,600,000 83.0 83.0 84.5
71.0 68.7
72.1 72.5 70.2 80.0
1,400,000

Occupancy Rate (%)

70.0
1,200,000
Space

60.0
1,000,000
50.0
800,000
40.0
600,000
30.0

400,000
20.0

200,000 10.0

0 0.0
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
16 JOHOR NEGERI SEMBILAN MELAKA
Space (s.m.) 1,343,334 1,374,661 1,394,909 1,409,618 1,456,997 339,649 342,435 342,435 344,041 344,041 411,050 411,050 416,781 410,637 410,637
Space Occupied (s.m.) 968,873 997,303 978,822 1,000,482 1,001,543 310,861 312,042 311,253 314,506 308,975 341,303 341,303 352,274 353,682 355,203
Occupancy Rate (%) 72.1 72.5 70.2 71.0 68.7 91.5 91.1 90.9 91.4 89.8 83.0 83.0 84.5 86.1 86.5

Table 7
Pertinent Movements in Purpose-built Office 2024
Estimated Space
Nos. Purpose- Built Office Tenant Movement
(s.m.)
1. Wisma Sunway, Iskandar Puteri 4,065 Move In
2 Wisma Sunway, Iskandar Puteri 1,585 Move In
3. Wisma Sunway, Iskandar Puteri 1,585 Move In
4. Wisma Sunway, Iskandar Puteri 1,585 Move In
5. Medini 9 1,276 Move In

Aktiviti Pembinaan Construction Activity

Terdapat dua bangunan pejabat binaan khas yang siap There were two purpose-built office buildings completed
dibina dalam tempoh kajian bagi wilayah ini iaitu Menara during the review period, namely Menara Bank Rakyat @
Bank Rakyat @ Coronation Square di Jalan Trus, Johor Coronation Square in Jalan Trus, Johor Bahru (37,160 s.m.)
Bahru (37,160 m.p.) dan UMCITY Corporate Tower di and UMCITY Corporate Tower in Medini, Iskandar Puteri,
Medini, Iskandar Puteri, Johor (10,219 m.p.). Johor (10,219 s.m.)

Table 8
Purpose-built Office Construction Activity in Southern Region 2024
Negeri
Stage of State Johor Melaka
Sembilan
Development
Existing Supply 222 buildings 109 buildings 82 buildings
(1,456,997 s.m.) (344,041 s.m.) (410,637 s.m.)
Incoming Supply 4 buildings 3 buildings 0
(134,262 s.m.) (8,831 s.m.
Planned Supply 1 building 0 0
(33,817 s.m.)
Sewa Rental

Secara amnya, sewaan ruang pejabat sebahagian besar Generally, rental of office space in this region largely was
di wilayah ini adalah stabil. Bangunan bertaraf pelaburan stable. Investment-grade buildings in good locations with
di lokasi yang baik dengan jarak yang dekat atau di proximity or within town centres are amongst those with a
dalam pusat bandar adalah antara yang mempunyai competitive edge and fetched higher rental. The ground
kelebihan daya saing dan memperoleh sewa yang tinggi. floor of the Tabung Haji Kuala Pilah Building in Negeri
Tingkat bawah Bangunan Tabung Haji Kuala Pilah di Sembilan with an average area 269 s.m. recorded the
Negeri Sembilan dengan keluasan 269 meter persegi highest increase of 10.4% with rental RM14.35 p.s.m. per
mencatatkan peningkatan tertinggi sebanyak 10.4% month (2023: RM13.01 p.s.m. per month).
dengan sewaan RM14.35 semeter persegi sebulan (2023:
RM13.01 semeter persegi sebulan).

Sementara itu, sewa bagi tingkat dua Wisma Lim Chin Meanwhile, rental for the second floor of Wisma Lim Chin
Yong, Batu Pahat, Johor, menunjukkan penurunan Yong, Batu Pahat, Johor, saw a decline of 8.9%, to RM4.92
sebanyak 8.9% kepada RM4.92 s.m.p. sebulan (2023: p.s.m. per month (2023: RM5.40 p.s.m. per month).
RM5.40 s.m.p. sebulan).

e. Riadah e. Leisure

Transaksi Transaction

Dua transaksi harta tanah riadah di rekodkan dalam There were two leisure property transactions recorded
tempoh kajian iaitu East Mount Hotel di Kukup Laut, during the review period, namely East Mount Hotel in Kukup
Pontian, Johor (RM2,900,000) dan Desaru Beach Resort Laut, Pontian, Johor (RM2,900,000) and Desaru Beach
di Desaru, Kota Tinggi, Johor (RM19,813,000). Kedua- Resort in Desaru, Kota Tinggi, Johor (RM19,813,000).
17
dua harta tanah ini merupakan pindahmilik tahun 2023. Both property were transactions in 2023.

Table 9
Leisure Construction Activity in Sourthern Region 2024
Negeri
Stage of State Johor Melaka
Sembilan
Development
Existing Supply 488 buildings 145 buildings 177 buildings
(31,971 rooms) (9,607 rooms) (18,268 rooms)
Incoming Supply 9 building 4 buildings 1 building
(2,300 rooms) (1,498 rooms) (336 rooms)
Planned Supply 9 building 4 buildings 5 buildings
(3,196 rooms) (406 rooms) (1,558 rooms)

2.3 HARTA TANAH INDUSTRI 2.3 INDUSTRIAL PROPERTY

Transaksi Transaction
Southern Region

Prestasi pasaran harta tanah industri merekodkan The performance of the industrial property market recorded
penurunan sedikit 0.4% dalam bilangan kepada 2,492 a decrease of 0.4% in the volume of transactions to 2,492
transaksi (2023: 2,502 transaksi) dan peningkatan 30.9% transactions (2023: 2,502 transactions), and 30.9% in
dalam nilai (2023: RM6.34 bilion). Johor mendahului value (2023: RM6.34 bilion). Johor leads with 1,591
dengan 1,591 transaksi, mencakupi 63.8% daripada transactions, accounted for 63.8% of the total industrial
jumlah keseluruhan transaksi industri wilayah, diikuti transactions in the region, followed by Melaka with 459
Melaka dengan 459 transaksi (18.4% syer pasaran) dan transactions (18.4% market share) and Negeri Sembilan
Negeri Sembilan sebanyak 442 transaksi (17.7% syer with 442 transactions (17.7% market share).
pasaran).
 Chart 21
Industrial Property Transactions Volume Trend 2020 – 2024
1800 30.0
1600 20.0
Volume (Units) 1400 10.0
1200
0.0

% Change
1000
-10.0
800
-20.0
600
400 -30.0
200 -40.0
0 -50.0
2020 2021 2022 2023 2024
Johor 640 810 1,130 1,573 1,591
Negeri Sembilan 319 317 529 492 442
Melaka 275 298 479 437 459
Johor 17.3 -37.0 26.6 39.2 1.1
Negeri Sembilan 8.0 -8.9 -0.6 -7.0 -10.2
Melaka 6.6 -32.1 8.4 -8.8 5.0

Dari segi nilai transaksi, Johor juga mendahului dengan In terms of transactions value, Johor also leads with the
menunjukkan peningkatan tertinggi sebanyak 42.1% dan highest increase of 42.1%, followed by Melaka 21.5%.
diikuti oleh Melaka 21.5%. Namun begitu, Negeri Sembilan However, Negeri Sembilan showed a decrease of 10.8% as
menunjukkan penurunan sebanyak 10.8% berbanding compared 2023.
18 2023.

Chart 22
Industrial Property Transactions Value Trend 2020 – 2024
7,000 160.0
140.0
6,000
120.0
Value (RM Million)

5,000 100.0
80.0
% Change
4,000 60.0
3,000 40.0
20.0
2,000 0.0
-20.0
1,000
-40.0
0 -60.0
2020 2021 2022 2023 2024
Johor 2,168.95 2,589.11 4,129.43 4,675.97 6,643.69
Negeri Sembilan 515.49 703.18 826.10 1,131.68 1,009.43
Melaka 189.37 289.18 667.84 528.51 642.10
Johor -7.6 5.3 19.4 13.2 42.1
Negeri Sembilan -3.8 36.4 17.5 37.0 -10.8
Melaka -50.8 52.7 130.9 -20.9 21.5

Status Pasaran Market Status

Wilayah Selatan menyaksikan trend pasaran harta tanah The Southern Region showed a mixed trend industrial
industri yang bercampur. Bilangan unit siap dibina tidak property market. Overhang volume was declined by
terjual menunjukkan pengurangan 38.6%. Manakala, 38.6%. While unsold under constructions and unsold not
pembinaan belum terjual dan belum dibina belum terjual constructions increase more than two-fold respectively in
masing-masing meningkat lebih daripada dua kali ganda the review period.
dalam tempoh kajian.
 Chart 23
Industrial Property Transactions Value Trend 2020 – 2024
Chart Title
900

800

700

600
Units

500

400

300

200

100

0
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
JOHOR NEGERI SEMBILAN MELAKA
Unsold Not Constructed 0 0 10 0 0 36 0 0 0 122 0 0 0 0 48
Unsold Under Construction 246 174 124 126 212 23 51 49 40 105 0 0 9 0 75
Overhang 520 352 205 173 88 63 66 54 41 40 28 19 17 9 9

Aktiviti Pembinaan Construction Activity

Aktiviti pembinaan harta tanah industri di wilayah ini Construction activity for industrial property in this region
menunjukkan trend positif. Melaka merupakan penyumbang shows a positive trend. Melaka is the highest contributor
bilangan tertinggi dalam siap dibina dengan catatan kepada in completed units with a record 75 units (2023: 30 units).
75 unit (2023: 30 unit). Negeri Sembilan mendominasi di Negeri Sembilan dominates the start stage by recording
peringkat mula dibina dengan mencatatkan kenaikan an increase to 114 units (2023: 14 units). Meanwhile,
kepada 114 unit (2023: 14 unit). Manakala Johor pula Johor leads in the stage of new planned supply with 271 19
mendahului di peringkat penawaran baharu dirancang units (2023: 45 units).
dengan 271 unit (2023: 45 unit).

Chart 24
Industrial Construction Activity Trend 2020 – 2024
900

800

700

600

500
Units

400

300

200

100

0
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
JOHOR NEGERI SEMBILAN MELAKA
Southern Region

New Planned Supply 42 190 16 45 271 23 0 0 127 211 0 0 0 134 0

Starts 52 131 56 362 158 53 2 109 14 114 0 30 0 0 0
Completion 109 10 58 356 22 0 28 16 0 0 47 0 0 30 75

Table 10
Industrial Activity in Southern Region 2024

Negeri
Stage of State Johor Melaka
Sembilan
Development
Existing Supply (units) 19,290 5,574 7,289
Incoming Supply (units) 591 298 716
Planned Supply (units) 303 766 1,899
 Harga Price

Harga harta tanah industri kebanyakannya stabil di seluruh Industrial property prices were mostly stable throughout the
wilayah. Kilang satu setengah tingkat yang terletak di region. One and a-half storey factory located in the city and
bandar dan mempunyai kemudahan infrastruktur yang baik having good infrastructure facilities showed a relatively high
menunjukkan nilai yang agak tinggi. value.

Di Negeri Sembilan, kilang satu setengah tingkat dengan In Negeri Sembilan, one and a-half storey factory with an
keluasan tanah 178 m.p. di Taman Perindustrian Sri Lukut, average land area of 178 s.m. in Taman Perindustrian Sri
Port Dickson menunjukkan peningkatan iaitu 11.8% dengan Lukut, Port Dickson showed price increase of 11.8%
harga dipindahmilik RM190,000 (2023: RM170,000). with price transacted at RM190,000 (2023: RM170,000).

Begitu juga jenis harta tanah yang sama dengan luas tanah Likewise, the same property type with an average land area
purata 362 meter persegi di Taman Universiti, Johor Bahru of 362 square meters in Taman Universiti, Johor Bahru
mencatatkan peningkatan harga purata di Johor sebanyak recorded the average price increase in Johor by 10.0% to
10.0% kepada antara RM1,350,000 hingga RM1,400,000 between RM1,350,000 and RM1,400,000 (2023: between
(2023: antara RM1,220,000 hingga RM1,280,000). RM1,220,000 and RM1,280,000)

2.4 HARTA TANAH PERTANIAN 2.4 AGRICULTURE PROPERTY

Transaksi Transaction

Subsektor pertanian menyumbangkan syer sebanyak The agriculture sub-sector contributed a share of 14.1%
14.1% kepada jumlah keseluruhan pasaran di Wilayah to the total Southern Region market. There were 15,273
20 Selatan. Terdapat 15,273 transaksi bernilai RM6.53 bilion, transactions worth RM6.53 billion recorded, a decrease of
menurun 3.1% dalam bilangan dan 20.9% berbanding 3.1% in volume dan 20.9% as compared to 2023.
2023.

Aktiviti transaksi menunjukkan trend yang menurun. Negeri Transaction activity shows a downward trend. Negeri
Sembilan mencatatkan penurunan 6.7%, di ikuti Johor Sembilan recorded a decrease of 6.7%, followed by Johor
2.3%. Manakala Melaka sedikit menaik sebanyak 1.0% at 2.3%. While, Melaka slightly increased by 1.0% as
dibanding pada tahun 2023. Selari dengan ini, segmen nilai compared to 2023. On similar note, the value segment
juga memaparkan trend menurun bagi kesemua negeri also shows decreasing trend for all states led by Negeri
dengan didahului oleh Negeri Sembilan (23.5%), Melaka Sembilan (23.5%), Melaka (21.9%) and Johor (20.3%).
(21.9%) dan Johor (20.3%).

Chart 25
Agriculture Property Transactions Volume Trend 2020 – 2024
12,000 10.0

10,000 5.0
Volume (Units)

8,000 0.0
% Change

6,000 -5.0

4,000 -10.0

2,000 -15.0

0 -20.0
2020 2021 2022 2023 2024
Johor 7,631 7,689 10,466 10,063 9,827
Negeri Sembilan 3,597 3,269 4,366 4,038 3,767
Melaka 2,433 1,999 2,011 1,663 1,679
Johor -8.6 -2.9 0.8 -3.9 -2.3
Negeri Sembilan 4.8 -1.9 -9.1 -7.5 -6.7
Melaka -11.9 1.7 -17.8 -17.3 1.0
 Chart 26
Agriculture Property Transactions Value Trend 2020 – 2024
7,000 30.0

6,000
20.0

5,000
10.0
Value (RM Million)

4,000

% Change
0.0
3,000

-10.0
2,000

-20.0
1,000

0 -30.0
2020 2021 2022 2023 2024
Johor 2,528.63 2,746.72 3,368.03 6,330.46 5,045.16
Negeri Sembilan 958.22 965.57 1,157.46 1,357.46 1,038.07
Melaka 390.07 318.74 360.80 578.22 451.33
Johor -17.0 11.5 8.6 88.0 -20.3
Negeri Sembilan 17.2 0.8 19.9 17.3 -23.5
Melaka -25.9 -18.3 13.2 60.3 -21.9

21

Southern Region
 3.0 PROPERTY HIGHTLIGHTS

3.1 Infrastructure Development

No. Infrastructure Description Current Development

Projects Status
1. Electric Double - The 192-kilometre track from Gemas in Negeri Sembilan to Under Construction
Tracking Project Johor Bahru Sentral in Johor.
(EDTP), Johor - Commenced construction since 2016. Project status: 97.0%
- Estimating Cost: RM9.55 billion completed
- Descriptions:
• The line will provide Malaysia with electrified tracks that (The project is expected to
connect Johor Bahru in Johor to Padang Besar in Perlis. be complete in 2026)
• 13 stations, conecting from Gemas – Segamat – Genuang
– Labis – Bekok – Paloh – Kluang – Mengkibol – Renggam
– Layang-Layang – Kulai – Kempas Baru – Johor Sentral
2. Rail Transit System - Linking Johor Bahru with Singapore. Under Construction
(RTS), Johor - Revised alignment will connect Bukit Chagar in Johor Bahru
and Woodlands North in Singapore. Project status: 95.0%
- Length: 4 kilometres track (2.3 kilometres in Malaysia and 1.7 completed exception for
kilometres in Singapore). Bukit Chagar Stations works
- Developer/ Concessionaire: Malaysia Rapid Transit System
Sdn Bhd (The project is expected to
- Operating Company: RTS Operation Sdn Bhd (RTSO). Joint be complete in 2026)
Operating Company between Prasarana Malaysia Berhad
and SMRT Corporation Ltd from Singapore.
- Estimating Cost: RM10 billion
- Descriptions:
22 • The target of the project is to reduce traffic congestion on
the Johor Embankment by at least 35%.
• Estimated 10,000 passengers/ hour in each direction.
• The groundbreaking ceremony was held at the Bukit
Chagar station construction site on 22 November 2020.
Completed the land acquisition process in April 2021.
• Two phase development:
a) Phase 1: Development Phase, starting from year 2021
– 2024.
b) Phase 2: Testing and Installations Phase, starting
from year 2025 – 2026.
3. Maharani Energy - Located in the waters of the Straits of Malacca approximately Under Construction
Gateway 1 to 3 nautical miles from Jeti Parit Unas, Jeti Parit Bakar, Jeti
Parit Kedondong and Tanjung Toho, Muar Project status: 40%
- Land area: 3,250 acres (1,315.228 hectares) completed
- Project status: Initial stage for sea reclamation works and (Developing a Ship Bunker
Hydrology Survey. Ship-to-ship transfer has operations Center along the Malacca
starting 2022. Straits)
- Descriptions:
• The project known as a deep sea port and energy hub
involving the creation of three man-made islands and a (The project is expected to
Liquefied Natural Gas (LNG) Terminal. be complete in 2030)
a) Plot A: with an area of 1,500 acres (607.0285
hectares) which will be used for ship-to-ship transfer
(STS) operations, Marine activities and Oil and Gas
Storage.
b) Plot B: with an area of 1,500 acres (607.0285
hectares) which will be used for ship-to-ship transfer
(STS) operations, Marine activities and Oil and Gas
Storage.
c) Plot C: with an area of 200 acres (80.9371 hectares)
that will be used for ship repair operations (Ship
Repair & Facilities).
d) Plot D: with an area of 40.038 acres (16.2028
hectares) for Heavy Industrial site for Regas Station
Site for gas storage and Trestle Site for gas pipeline
from Floating LNG Terminal.
No. Infrastructure Description Current Development
Projects Status
4. Upgrading Jalan Batu - Location: Jalan Batu Pahat – Ayer Hitam. Under Construction
Pahat – Ayer Hitam – - The project starts from Parit Sempadan, Batu Pahat (Section
Kluang FT 050 Phase 21) to the bridge across Lebuhraya Plus (Section 34.5). Project status: 76.0%
3A (U-Turn Median And - Estimated cost: RM250 million (RMK 11) completed
Related Works) - Project has commenced on 26 Oktocer 2021
- Descriptions: (The project is expected to
• Construction of a 13.5-kilometer road divider with 3 be complete in 2024)
U-turns, widening of existing road shoulders, upgrading of
intersections and construction of 3 new overpasses.
5. Upgrading Jalan Muar - Location: Shortcut lane from Matriculation College to Tangkak Under Construction
– Tangkak – Segamat Industrial Area
- Project length: 7.5 – 8.0 kilometres and involves 92 lots Project status: 10%
- Estimated cost: RM183 million completed (Site clearing)
- Land area: 126.0066 acre (50.9823 hectares)
- Descriptions: (The project is expected to
• The target of the project is to reduce Segamat - Muar be complete in 2025)
travel time without going through the city and congestion in
Bandar Tangkak. Especially during peak times and festive
seasons
• Help to increase socio-economic development and
industrial and also become the main link between Muar,
Tangkak and Segamat.
6. New Road Project - Locations: Jalan Olak Batu – Jalan Ayer Hitam Batu Pahat Under Construction
Connecting Jalan Olak - Project length: 3.5 kilometers and involves part of the land for
Batu (J206) Through 2 (two) lots which is Tanah Ladang owned by The Batu Pahat Project status: 25.0%
Tanjung Sembrong Plantation Sdn. Bhd. completed
Estate to Federal Road - Estimated cost: RM52 million (RMK 12) 23
(FT 050), Parit Raja, - Descriptions:
Batu Pahat, Johor • Land Acquisition was gazetted through Section 4 Gazette (The project is expected to
on 8 December 2022 and followed by Section 8 Gazette be complete in 2025)
on 2 November 2023.
7. Mukim 6 and Mukim 7 - Location: Jalan Yong Peng – Ayer Hitam Under Construction
Road Project (Phase - The project starts from Jalan Kampung Seri Mendapat, Parit
2), Linau in Mukim Raja to Kampung Haji Ghaffar Project status: 10%
Tanjong Sembrong - Length: 6.2 kilometre completed (Site cleaning
- Developer: Ministry of Rural Development and road construction by
JKR)

(The project is expected

to be complete in 2024 -
Extended)
8. PLUS Highway • Locations: Johor Bahru, Johor Under Construction
Widening Project • Developer: WCT Holdings Bhd
(North Senai - • Descriptions: Project status:
Sedenak) • Phase 1 Phase 1 – 45% completed
¾ Project length: 21.8 kilometers
¾ From North Senai to Sedenak
Southern Region

¾ Widening lanes from 4 lanes to 6 lanes

¾ Has commenced in the middle of Julai 2024 and
expected completions on Jun 2017
¾ Estimated cost: RM525 million

• Phase 2 Phase 2: 10% completed

¾ Project length: 16.6 kilometers
¾ From North from Sedenak to Simpang Renggam
¾ Has started the ground work/ clearing site on Q1 2025
dan expected completions on Q4 2028
 No. Infrastructure Description Current Development
Projects Status
9. Solok Ayer Limau - • Construction of a new road from Solok Ayer Limau to Under Construction
Kampung Jeram Masjid Kampung Jeram Masjid Tanah
Tanah road project • Total length: 3 kilometres Project status: 100%
• Estimated cost: RM36.0 million completed
• Developer: Jabatan Kerja Raya (JKR) Malaysia
• Descriptions: (The project is expected to
- Project has commenced on 2021 be complete in 2024)
10. Sungai Duyong Flood • This project has involved 225 individual lot Under Construction
Mitigation Plan Project • Project length: Jajaran Sungai Duyong (8.1 kilometres),
Sungai Ayer Molek (5.0 kilometres) and Sungai Ayer Panas Project status: 52%
(6.0 kilometres) completed
• Estimated cost: RM117.0 million
(The project is expected to
be complete in 2024)
11.. Alor Gajah Flood - This project located at Mukim Kelemak, Alor Gajah District Under Construction
Mitigation Plan Project - Estimated cost: RM17.015 million
Phase 1 Project status: 83%
completed

(The project is expected to

be complete in 2024)
12. New Road Project from - Locations: Mukim Jasin, Jasin District Under Construction
the Rim Junction (M27) - Project length: 3.45 kilometres
24 to Kampung Ulu Jasin - Estimated cost: RM35.2 million Project status: 69%
Junction (M2), Mukim completed
Jasin
(The project is expected to
be complete in 2025)
13. Water Reservoir - This project located along the banks of the TAPS Jernih River Under Construction
Project on the banks of in Alor Gajah, Melaka
the TAPS Jernih River, - Estimated cost: RM124.9 million Project status: 67%
Alor Gajah District - Project has commenced on Jun 2022 and expected completed
completion on December 2024 (Extended)
14. New Road Project from - The 16.82 kilometres road construction project connecting Under
Nilai-Labu to Bandar Nilai, Labu to Bandar Enstek started in 2017 Construction
Enstek - The two-way four-lane road project involves the construction
of three main intersections, six bridges, retaining walls, street - Project status:
lights and traffic lights. 80% completed.
- Estimated cost: RM415 million.
- Descriptions:
• This project is to be part of the requirements for the (Expected to be complete
Malaysian Vision Valley 2.0 project by 2025)
15. Ngoi-Ngoi Water - This project will accommodate the development needs of Under Construction
Treatment Plant Malaysia Vision Valley (MVV) covering an area of 153,000
Construction Project hectares involving the districts of Seremban and Port Dickson Project status: 90%
Phase 2 especially in area Nilai and Sendayan completed
- Estimated cost: RM347.25 million.
- Period project: Years 2021 until 2023 through Pengurusan (Expected to be complete
Aset Air Berhad (PAAB) financing for the development of a by 2025)
new water supply in Negeri Sembilan.
 No. Infrastructure Description Current Development
Projects Status
16. Sungai Chempedak - Locations: Sungai Chempedak, Jelebu Under Construction
Flood Miligation - Involving 55 individual lots
Plan, Jelebu, Negeri - Project length: 8 kilometres
Sembilan - Estimated cost: RM10 million Project status: 15%
- Descriptions: completed
• The construction of Chempedak River flood mitigation can
solve the problem and risk of flooding in residential areas
around Jelebu District. (Preliminary work is in
• Construction details are as follows: progress)
a. Construction of flood wall - 100m
b. Precast concrete Flood Wall Height 3m (RHS)
c. Widening and protection of existing river bank tire
construction along 4400m Upgrading seven (7) MTB
bridges along the project route i. 20m x 7m ii. 20m x
3.5m
d. Installation of bank protection Gabion Mattress
Installation of bank protection (Sand Fill Mattress).
17. Jalan Baharu New - This project will connect new road from kampung Gagu to Pre - Construction
Project from Kampung Ulu Beranang.
Gagu to Ulu Beranang, - Length: 14 kilometres Project status: 15%
Seremban District - Estimated cost: RM25 million. completed
- Project status: The land acquisition process has been
completed and the project is in the tender process.
- Descriptions:
• This road will shorten the travel time and distance of
residents around Jelebu district through Kampung Gagu
to Ulu Beranang to go to Pekan Beranang, Bandar Nilai,
Kajang and Semenyih which is from 38 kilometers to 14 25
kilometers with a time reduction of 15 minutes.

3.2 Mega Project

No. Infrastructure/ Description Current Development
Mega Projects Status
1. Paragon Gateway - This project is located at Jalan Tebrau, Taman Suria, Johor Bahru
- Land area: 5.28 acres
- Developer: Paragon Premium Sdn Bhd
- Descriptions:
• This is a mixed development project (Service Apartment &
Retails). Details as below;
• Phase 1
¾ Launched: November 2023
¾ Total unit: 1,398 units
¾ Selling performance: 45%

• Phase 2
Southern Region

¾ Launched: Mac 2024

¾ Total unit: 738 units
¾ Selling performance: 15%

• Unit types
Type Area (Square feet)
Type A 499 s.f.
Type B 649 s.f.
Type D 915 s.f.
 No. Infrastructure/ Description Current Development
Mega Projects Status
2. Coronation Square, - This project is located between Jalan Trus and Jalan Abdullah Under Construction
Johor Ibrahim, Mukim Bandar Johor Bahru, Johor Bahru
- Land area: 9.58 acres (3.88 hectares) Project status: 96%
- Estimating cost: RM4 billion completed (Bank
- Developer: Coronade Properties Sdn Bhd Rakyat Tower) & 75%
- Descriptions: completed (Medical
• First project under the Ibrahim International Business District Suites)
(IIBD) transformation plan. Developed by Johor Corporation
(JCorp) and the Johor State Government. Has been launch on
November 2015 by DYMM Sultan Ibrahim Almarhum Sultan (The project is expected
Iskandar. to be complete in 2028)
• Comprise six towers; a hotel, a residences, an office, medical
suites, two serviced apartment towers and a shopping mall.

• Phase 1
a) Bank Rakyat Tower
¾ Owned by Bank Rakyat.
¾ Has 39 floors.
¾ 100% completed and CCC on 26 June 2024
¾ Intended as a digital business hub for banking and
entrepreneurial transactions.

b) Medical Suites
¾ Operated by KPJ Healthcare Berhad.
¾ Has 25 floors.
¾ 75% completed and expected to be fully completed by
the end of 2024.
26
3. Taman Pulai Mutiara 2 - This project is located next to Taman Pulai Mutiara (New Township) Under Construction
which is approximately 2 km from Jalan Johor Bahru - Pontian and Project status: 65%
28 kilometers from Johor Bahru city center. completed
- Land area: 136 hectares
- Developer: Amber Land Berhad
- Description: (The project is expected
• This project has been launches on October 2019 and focus on to be complete in 2024)
affordable landed properties.
• This project involves the construction of 4,500 residential units
but a total of 2,663 new units are launched according to the
following phases;
No Phase Type of Date of Total Price Land Built-up Status
Building Launch Launched (RM) Area Area Construc-
From (s.q.) (s.q.) tion
1. A1A 2/T 12/2019 392 379,780 1,170 1,670 CCC
2. A2A 2 1/2 /T 10/2019 199 433,500 1,170 1,998 CCC
3. A1B 2/T 6/2020 163 395,675 1,170 1,670 CCC
4. A2B 2 1/2 /T 6/2020 201 433,500 1,170 1,998 CCC
5. A1C 2/T 10/2020 184 395,675 1,170 1,670 CCC
6. A1D 2/T 2/2021 184 395,675 1,170 1,670 CCC
7. A2C 2 1/2 /T 8/2021 177 433,500 1,170 1,998 UC
8. A5 2/SO 7/2021 104 568,480 1,540 3,080 UC
9. A6A 2/T 11/2021 214 395,675 1,170 1,670 UC
10. A6B 2/T 3/2022 236 395,675 1,170 1,670 UC
11. A6C 2/T 11/2022 175 530,000 1,170 1,670 UC
12. A8A 2/T 11/2022 254 663,390 2,240 2,076 UC
Kluster
13. A9 2/SO 12/2022 142 828,800 1,540 3,080 UC
14. A3 Apartment 12/2022 609 150,000 - 1,000 UC
(RMBC)
15. A8B 2/T 5/2023 256 631,800 2,240 2,076 UC
Kluster
Total Unit 3,490
Nota:
CCC - Certificate of completion and compliance
UC - Under Construction
No. Infrastructure/ Description Current Development
Mega Projects Status
4. Space Residency - Locations: Jalan Harimau, Taman Abad, Johor Bahru. Next to KSL Under Construction
City Mall and Holiday Villa.
- Land area: 2.37 acres
- Developer: Vistana Tropika Sdn Bhd (The project is expected
- Holding Company: Linbaq Holding Sdn Bhd to be complete in 2024)
- Launching date: 30 Jun 2019
- Descriptions:
• Mixed Development (Service Apartment, Hotel & Retails)
development type
• Total units: 995 serviced apartment units + 29 commercial lots
+ 338 hotel rooms
• Sales performance:100% sold
• Phases of development
a) Phase 1:
¾ A hotel tower (NOVOTEL)
¾ 22 floors: 338 rooms
¾ Project status: 80% completed

b) Phase 2:
¾ 2 blocks of Serviced Apartment
¾ 47 floors: 995 units
¾ Stating price from RM576,000 – RM1.4 million
¾ Project status: 70.0%
¾ Unit type:
Type Area
Type A 645 s.f.
Type B 745 s.f.
Type B1 737 square feet
Type C 880 square feet
Type C1 907 square feet 27
Penthouse 1,289 – 2,026 square feet

c) Podium Block: 12 storey

¾ 1 storey: Hotel and serviced apartment recreational
facilities
¾ 4 sotery: Hotel facilities and parking area
¾ 6 storey: Parking area
¾ 1 sorey: Business space @ 14 units shop and hotel
facilities
5. Sime Darby Industrial - This project is known as Sime Darby Industrial Park which involves Under Construction
Park, Pagoh the sale of 142 medium industrial plots. Project status: 40%
University Town - It is part of the Pagoh University Town development which is (Earthworks have been
located at the strategic location of Jalan Muar - Pagoh and near carried out)
the Pagoh Toll Plaza.
- Developer: Sime Darby Property
- Descriptions: (The project is expected
- A total of 20 companies have signed SPAs for the purchase of to be complete in 2025)
non-bumiputera plots
- Phase 1:
¾ 42 industrial plots (25 units for non-bumiputera and 17 units
for bumiputera)
¾ Land areas between 4,318.78 square metres to 6,712.54
Southern Region

square metres
¾ Price range between RM26.00 per square feet to RM30.00
per square feet

- Phase 2 and Phase 3

¾ 20 and 30 industrial plots.
¾ Land areas between 4,046.73 square metres to 5,897.25
square metres.
¾ Price range between RM26.00 per square feet to RM30.00
per square feet.

- Selling performance until Q2 2024: 95.2% (Phase 1), Sold out

(Phase 2) and 59.4% (Phase 3)
 No. Infrastructure/ Description Current Development
Mega Projects Status
6. Primer City (Formely - This project is located at KM 4.5, Jalan Kluang-Air Hitam which is Under Construction
known as NewPark close to the Kluang Federal Building
Kluang) - Land area: 40 hectares
- Developer: Maju Padu Development Sdn Bhd
- Descriptions:
• The Newpark City component contains two to four floors
of business centers, resort-concept hotels, individual
office spaces, convention halls, drive-through restaurants,
hypermarkets, family entertainment centers, cinemas and
educational hubs.

• There are also new government buildings under construction

which are:
¾ Inland Revenue Board (IRB)
¾ Kluang Municipal Council
¾ Kluang District and Land Office

Phase 1: 90.94 acres (36.802 hectares)

a) IRB Building
¾ 9 floors with green building concept
¾ Land area: 20,230 square metre
¾ Built-up area: 5,311 square metre
¾ Project status: 100% completed and start operate on
May 2019

b) Kluang Municipal Council building

28 ¾ 9 floors
¾ Land area: 20,230 square metre
¾ Built-up area: 15,102.37 square metre
¾ Planning approval: 26 September 2019
¾ Project status: 95.0% completed

c) Kluang District and Land Office

¾ Planning approval: 26 September 2019
¾ Project status: Initial stage for earthworks

d) LOTUS Hypermarket
¾ Land area: 20,230 square metre
¾ Built-up area: 7,053.59 square metre
¾ Project status: 100% completed

e) Two storey Shop/ Office

¾ Phase A: 70 units – 95% completed
¾ Phase B: 114 units – 73% completed
¾ Phase C: 70 units - 35% completed

f) Resort Hotel and Service Apartment

¾ Not constructed yet

Phase 2: 156.62 acres (63.382 hectares)

¾ Still in the planning stage
No. Infrastructure/ Description Current Development
Mega Projects Status
7. Ibrahim Technopolis • Sedenak, Kulai Under Construction
(IBTEC) • Land Area: 7,290 acres
• Project status: Phase 1, STeP (Bridge Data Centre: 100% Project status: Phase
completed), while Phase 2 and 3 is under construction. 1, STeP (Bridge
• Descriptions: Data Centre: 100%
- This project combines digital infrastructure with the use of clean completed), while
and green energy throughout the municipality. Phase 2 and 3 is under
- IBTEC's proposed development is phased (within a period of construction)
25 years) including the proposed improvement of the existing
road Jalan Parit Panjang JKR J107, the new FELDA Bukit Batu
bypass road and the proposed new intersection of Sedenak
Utara to Lebuhraya PLUS.
- IBTEC Phase 1 Development includes the Data Center sector
located in the Sedenak Tech Park (STeP) I and II cluster - (STeP
I and STeP II).
8. Pasir Gudang - LocationL Bandar Seri Alam, Pasir Gudang Under Construction
Hospital - Description: Project status: 83.6%
• This hospital will be equipped with: completed
¾ 304 beds
¾ 8 operating rooms and outpatient treatment
¾ 65 consultation rooms (The project is expected
¾ Daily treatment center to be complete in 2025)
¾ 30 dialysis chairs
¾ Drive-thru pharmacy
¾ 16 delivery rooms
29
¾ 34 nurse's quarters
¾ Almost 1,000 car parking spaces
9. Affordable House - Location: PTD 9400, Sungai Srpuloh, Jalan Paloh – Kluan, Mukim
Project – Malaysia Paloh in District of Kluang, Johor
House (For Rent) - Land Area: 144.14 acres (58.33 hectares)
- Project Owner: Perbadanan Setiausaha Kerajaan Johor (SSI). It
is under Ministry of Housing and Local Government project plans.
- Description:
• This housing scheme project will be renting out to the
entitled local people and under Ministry of Housing and Local
Government. Component development as below;
a) 1 storey Cluster house (31’ x 65’)
¾ 400 unit
¾ Project status: 45% completed

b) 2 storey Shop (20’ x 70’)

¾ 5 unit
¾ Project status: 5% completed
Southern Region
 No. Infrastructure/ Description Current Development
Mega Projects Status
10. Melaka Waterfront - The project has an area of 25,000 acres along 33 kilometers Under Construction
Economic Zone (17,500 acres: Development Zone and 7,500 acres: Control Zone)
(M-WEZ) - The development composition of this project consists of five major (In reclamation phases)
developments:
a) Melaka Harbourfront
• Ports
• Trade
• Hydropiant Center
b) Smart Logistic Nucleus
• Logistics Hub
• Container and Cargo Management Office
c) Digital Satellite Township
• M-WEZ Tower
• Hotels and Offices
• Housing and Business
d) Central Eco Business Park
• Free Trade Zone
• CIQ complex
• Customs and Immigration Management Office
e) Trade Nucleus New Township
• Mixed Trade Hub
• Maritime Activities
• Research Development Center (R&D Center) 4r
- M-WEZ will comprise the Kuala Linggi International Port (KLIP) as
the oil and gas industry services hub, the Tanjung Bruas Port as
the container port and Melaka Gateway as the Melaka.
30 11. The Sail Melaka - Location: Kota Laksamana, Malacca Under Construction
- Land area: 245 acres Project status: 45%
- Developer: Sheng Tai International Sdn Bhd completed
- Estimated cost: RM6.5 billion
- Descriptions:
• Nine linked towers with a total built-up of 991,096 square meter; (The project is expected
• 3,259 units of high-end condotels; to be complete in 2024)
• Three hotel towers; 61-storey, 5-star and 6- with a total of 2,584
units;
• A million square feet luxury shopping mall;
• One block of business suites as well as Melaka-Nanjing themed
cultural square with 65 shop lots;
• 330 meter (internal perimeter) sky ring that will connect the nine
towers;
• A four-million-sq-meter convention and exhibition centre;
• An Illuminating Sky Garden; and
• The Moon, a 360° elliptical-shaped experiential centre.
• Unit area for apartments is 344 sq ft, 422 sq ft and 604 sq ft per
unit and price per unit is starting from RM800,000 and above.
Scientex Jasin - Location: In Mukim Ayer Panas, Jasin and can be reached through Under Construction
Mutiara Off Jalan Bemban-Jasin, Melaka.
- Land area: 63.87 hectares
- Descriptions:
• Consists of 3 phases as below; Project status:
¾ Phase 1
a) Phase 1A1: 291 units 2 storey terrace house (18’ Phase 1A1:
x 65’) 72% completed
b) Phase 1A2: 231 units 2 storey terrace house (18’ Phase 1A2 :
x 65’) 72% completed
c) Phase 1A3: 211 units 2 storey terrace house (16’ Phase 1A3 : 23.7%
x 60’) completed
d) Phase 1B1: 204 units 2 storey terrace Affordable Phase 1B1 : 85%
house (16’ x 60’) completed
e) Phase 1B2: 188 units 2 storey medium cost terrace
RMM house (16’ x 60’)
f) Phase 1B3: 235 units 2 storey terrace house (16’
x 60’)
No. Infrastructure/ Description Current Development
Mega Projects Status
¾ Phase 2 Phase 2A1:
a) Phase 2A1: 244 units 2 storey terrace house (18’ 45% completed
x 65’) Phase 2A2 :
b) Phase 2A2: 281 units 2 storey terrace house (18’ 5% completed
x 65’)
c) Phase 2B: 206 units 2 storey medium cost terrace
house (16’ x 60’)

¾ Phase 3
a) Phase 3A1: 63 units 2 storey shop (20’x70’)
13. Scientex 2, - Location: Mukim Durian Tunggal which can be reached via Jalan Under Construction
Durian Tunggal Durian Tunggal - Simpang Gading
- Land area: 65.82 hectares
- Descriptions: Project status:
• Elements of development: Phase 1 & 2: 100%
a) Phase 1A1 - 234 units 2 storey terrace (18 'x 65') completed
b) Phase 1A2 - 196 units 2 storey terrace (18'x 65’)
c) Phase 1B1 – 331 units 2 storey RMM (16’ x 60’) Phase 3: 70%
d) Phase 1B2 – 192 units 2 storey RMM (16’ x 60’) completed
e) Phase 1B3 – 128 units 2 storey RMM (16’ x 60’)
f) Phase 2B1 – 15 units 2 storey terrace Low Cost (16’ x 60’)
g) Phase 2B2 – 212 units 2 storey terrace Medium Cost (The project is expected
(16’ x 60’) to be completed in 2024)
h) Phase 2A1 – 271 units 2 storey terrace (18’ x 65’)
i) Phase 3A – 39 units Shop office (20’ x 70’)
14.. Scientex Bandar - Location: Mukim Jasin Tunggal which can be reached via Jalan
Jasin Muar - Melaka
31
- Land area: 46.67 hectares
- Descriptions:
• Consists 3 phases as follows:
a) Phase 1
¾ Phase 1A1- 192 units 2 storey terrace house (18 'x 65')
¾ Phase 1A2– 162 units 2 storey terrace house (18 'x 65')
¾ Phase 1A1A– 170 units 2 storey affordable house (16’
x 60’)
¾ Phase 1B1– 118 units 2 storey affordable house (16’
x 60’)
¾ Phase 1B2– 175 units 2 storey affordable house (16’
x 60’)
¾ Phase 1B3– 210 units 2 storey affordable house (16’
x 60’)
¾ Phase 1B4– 159 units 2 storey medium cost house
(16’x60’)

b) Phase 2
¾ Phase 2A1– 232 units 2 storey terrace house (18’ x 65’)
¾ Phase 2A2 – 240 units 2 storey terrace house (18’ x
65’)
Southern Region

c) Phase 3
¾ Phase 3A– 52 units 2 storey shop office (22’ x 70’)
¾ Phase 3B – 50 units 2 storey shop office (22’x70’)
¾ Phase 3C– 41 units 2 storey shop office (22’x70’)
¾ Phase 3C– 15 units 2 storey affordable shop office
(20’x70’)
¾ Phase 3C– 2 units 2 storey shop office (Types of strata
property) (25’x70’)
 No. Infrastructure/ Description Current Development
Mega Projects Status
15. Harbour City - Location: Malacca Island, Section 43, Mukim Malacca City, Central Under Construction
Melaka District. Project status: 85%
- Land area: 6 acres completed
- Developer: Hatten Group Sdn Bhd
- Descriptions:
• A 6-storey shopping mall with over 800 shop lots
• 3 hotel blocks with different themes and
• a 500,000 sq ft Water Theme
16. Taman Anjung, - Location: • Taman Anjung Sungai Petai is located in Mukim Under Construction
Sungai Petai Sungai Petai which can be reached via Lebuh AMJ
- Land area: 57.55 hectares
- Developer: TEOBROS Development Sdn. Bhd.
- Project status: 65% completed (Phase 1), 20% completed (Phase
2 – 138 units of 1 storey terrace house) and 55% completed for
shops & 1 storey terrace house, 20% completed for detached &
Semi Detached house, also 35% completed for 1 storey terrace
house (Phase 3)Descriptions: Project status:
• Consists 4 phases as follows:
a) Phase 1 Phase 1:
¾ 140 units: 1 storey terrace house (22 'x 70') 65% completed
¾ 52 units: 1 storey twin house (40’x80’)
¾ 56 units: 1 storey affordable house (20’x65’)
¾ 73 units: 1 storey low cost terrace house (20’x55’)
¾ 79 units: 1 storey low cost terrace house (20’x55’)
32
b) Phase 2 Phase 2:
¾ 24 units: 2 storey shop office (22’x 65’) 20% completed
¾ 138 units: 1 storey terrace house (22’x70’) (2 storey terrace - 138
¾ 69 units: 1 storey affordable house (20’x65’) units
¾ 98 units: 1 storey low cost terrace house (20’x55’)

c) Phase 3 Phase 3:
¾ 16 units: 2 storey shop office (22’x 70’) 55% completed (2
¾ 57 units: 2 storey terrace house (22’x70’) storey Shop)
¾ 200 units: 1 storey terrace house (22’x70’)
¾ 32 units: 2 storey twin house (40’x80’) 20% completed
¾ 70 units: 1 storey twin house (40’x80’) (2 storey terrace house)
¾ 1 unit: 1 storey detached house (5,000 sq ft)
¾ 50 units: 1 storey affordable house (20’x65’) 55% completed
¾ 93 units: 1 storey terrace house (22’x65’) (1 storey terrace house)

20% completed
(1 storey semi-detached
house)

20% completed
(1 storey detached
house)
20% completed
(1 storey Affordable
house)

35% completed
(1 storey terrace house)

d) Phase 4 Phase 4:
¾ 11 units: 2 storey shop office (22’x 65’) 20% completed
¾ 12 units: 1 storey affordable shop office (22’x65’) (1 storey terrace house)
¾ 110 units: 1 storey terrace house (22’x70’)
¾ 49 units: 1 storey affordable house (20’x65’)
No. Infrastructure/ Description Current Development
Mega Projects Status
16. Molek Residence - Locations: Ayer Molek which can be reached via Lebuh Jalan Tun Under Construction
Kudu
- Developer: Paduwan Realty Sdn. Bhd.
- Descriptions:
• Consists 15 phases as follows: Project status:
a) Phase 1
¾ 1 unit 2 storey detached house

}
¾ 82 units: 2 storey terrace house (22 'x 75')
¾ 147 units: 2 storey terrace house (22 'x 70') 100%
¾ 52 units: 2 storey terrace house (20 'x 70')
¾ 26 units: 2 storey sem-detached house (40'x 105')
¾ 2 units: 2 storey detached house (22 'x 75') 62.5%%
¾ 83 units: 2 storey terrace house (22 'x 75') 100%
¾ 179 units: 2 storey terrace house (22 'x 70') 100%
¾ 34 units: 2 storey semi-detached house (40'x 105') 72.5%

b) Phase 2
¾ 152 units: 2 storey terrace house (20 'x 70') 100%
¾ 126 units: 2 storey terrace house (20 'x 70') 62.5%

c) Phase 3: Future development

¾ 82 units: 2 storey terrace house (22’ x 75’) The project is expected
¾ 26 units: 2 storey semi-detached house (40’x105’) to be completed in 2030)
¾ 1 units: 2 storey detached house

d) Phase 4: Future development

¾ 147 units: 2 storey terrace house (22’ x 70’)

e) Phase 5: Future development

¾ 52 units: 2 storey terrace house (22’ x 70’) 33
f) Phase 6: Future development
¾ 83 units: 2 storey terrace houses (22’ x 75’)
¾ 34 units: 2 semi-detached house (40’ x 105’)
¾ 2 units: 2 storey detached houses

g) Phase 7 – 12: Future development The project is expected

¾ 179 units: 2 storey terrace house (22’ x 70’) to be completed in 2030)

h) Phase 13 – 14: Future development

¾ 2 storey shop office

i) Phase 15: Future development

¾ 2 storey shop office
¾ 1 unit commercial building
18. Botani Parkland City - Locations: Located in Mukim Jasin which can be reached via Under Construction
Lebuh Jasin Selatan
- Project Length: 93.26 Hectares
- Descriptions: Consists 4 phases as follows:
a) Presint 1
• Phase 1A
Southern Region

¾ 1 storey terrace house: 206 units (22’x70’)

¾ 1 storey Cluster house: 82 units (CCC)
¾ 1 storey semi Detached house: 14 units (40’x75’)
- Project status: 100% completed
¾ 2 storey shop office: 102 units (22’x70’)
- Project status: 95.0% completed
 No. Infrastructure/ Description Current Development
Mega Projects Status
• Phase 1B
¾ 1 storey terrace house: 16 units (22’x70’)
- Project status: 50.0% completed
¾ 1 storey Cluster house: 4 units (22’x70’)
- Project status: 70.0% completed
¾ 2 storey terrace house: 263 units (22’x70’)
- Project status: 60.0% completed
¾ 2 storey Cluster house 115 units
- Project status: 70.0% completed
¾ 2 storey semi detached house: 24 units (40 x 75)
- Project status: 55.0% completed
¾ 2 storey detached house: 4 units
- Project status: 35% completed

b) Presint 2
• Phase 3A
¾ 1 storey Cluster House, Type A: 120 units
- Project status: 60.0% completed
¾ 1 storey Cluster House, Type A1: 8 units
- Project status: 40.0% completed
¾ 1 storey Cluster House, Type A2: 4 units
- Project status: 50.0% completed
¾ 1 storey detached house, Type A: 1 unit
- Project status: 20.0% completed
¾ 1 storey detached house, Type B: 3 units
34 - Project status: 10.0% completed

c) Presint 3
• Phase 4A
¾ 1 storey Cluster House, Type A: 52 units (30’x80’)
¾ 1 storey Cluster House, Type A1: 8 units (32’x80’)
¾ 1 storey terrace house, Type B: 335 units (20’x75’)
¾ 1 storey terrace house, Type B1: 48 units (20’x80’)
- Project status: 50.0% completed

d) Presint 4
• Phase 2A
¾ 1 storey affordable terrace house: 218 units (20’x65’)
- Project status: 75.0% completed
¾ 1 storey medium terrace house: 175 units (20’x60’)
- Project status: 75.0% completed
¾ 1 storey detached house: 1 unit
- Project status: 75.0% completed

• Phase 2B
¾ 1 storey affordable house: 171 units (20’x65’)
¾ 1 storey medium cost: 211 units (20’x60’)
- Project status: 60.0% completed
19. Nexus Seremban 2 - Location: KLIA/ KLIA2 Road – Bukit Nenas Seremban Road, Under Construction
Negeri Sembilan, about 9 kilometers from Seremban 2 City Project status: 45%
- Land area: 8.66 hectares completed
- Developer: Seremban Two Holdings Sdn Bhd
- Descriptions:
• 2-storey shop office: 147 units
• 2-storey office: 19 units
• Basement: 1 level of Parking lots with starting price of RM1.5
million per units.
No. Infrastructure/ Description Current Development
Mega Projects Status
20. Upgrading Hospital • Location: Hospital Tuanku Ampuan Najihah, Kuala Pilah Under Construction
Tuanku Ampuan • Land area: 1.7 hectare
Najihah (HTAN) • Estimated cost: RM27 million Project status: 80%
• Descriptions: completed
- The construction started on March 2021
- The project involves construction of a new 6-storeys hospital (The project is expected
extension building with additional floor area of 22,700 square to be complete in August
meters. 2024)
21. Hamilton City - Location: Nilai, Negeri Sembilan Under Construction
- Land area: 2,723 acre
- Project status: In the process of site clearance (The project is expected
- Description: to be complete
• The city is a full-fledged managed industrial township in MVV
2.0, focusing on medium to heavy manufacturing-based
industries to drive direct investments into the development,
as well as to generate socio-economic improvement in the
township
• Divided into four phases
a) Phases 1, 2 and 4
¾ Focusing on medium and heavy industrial activities.

b) Phase 3
¾ Light industry comprising detached and semi-detached
factories with a managed industrial park concept.

• Expected to create job opportunities for the 740,000 of

population living within and around the township.
- Project status: Preparing & clearing site
22. Scientex Seremban - Location: Jalan Labu Lama, about 6 kilometre from Seremban City Under Construction 35
- Land area: 43.926 hectares
- Developer : Scientex Park (M) Sdn Bhd Project status:
- Descriptions: 80% completed
• 365 units of double storey terrace house (2 storey terrace house
• 233 units of one storey affordable house – Tulip Type)
23. Sutera Aman @ S2 - This project is located in Jalan Felda Sendayan, about 10 Under Construction
Heights kilometres from Bandar Seremban City Project status: 55%
- Land area: 41.21 hectares completed
- Developer: Seremban Two Holdings Sdn Bhd
- Descriptions:
• Phase 1
¾ 2 storey terrace house: 308 units
24. Kelisa Luxury - This project is located in Jalan Tampin – Sungai Gadut, about10 Under Construction
Industrial Area kilometres from Seremban City
- Developer: AZZA Mewah Development Sdn Bhd Project status: 45%
completed
- Descriptions:
• This project consist 362 units factory in 3 phase as below;
• Phase 1
¾ 46 units semi-detached factory
¾ 64 units cluster factory
Southern Region

¾ 2 units “Odd-Shape” factory

• Phase 2
¾ 116 units semi-detached factory
¾ 116 cluster factory

• Phase 3
¾ 18 detached factory
 No. Infrastructure/ Description Current Development
Mega Projects Status
25. Lexis Hibiscus 2 - This project is located in Port Dickson, Negeri Sembilan Under Construction
- Land area: 32.37 hectares (80 acres)
- Developer: KL Metro Group Project status: 10%
- Estimated cost: RM1.6 billion completed
- Descriptions:
• Boasting 1,710 room units including 910 over-water houses
and 800 elegant multi-level pool suites in two high-rise blocks. (The project is expected
to be complete in 2029)

3.3 State Government Policy and initiative

No. State Details

1. Johor • Special Economic Zone (SEZ) Johor - Singapore
• This package has launched by the Federal Government on September, 2024 which
is based in Forest City in an effort to boost investment and economic activities in
Johor
• Some attractive incentives will also be added in the area compared to the existing
special zones. Additional incentives include a special tax rate of 15% to industry in
Forest City, multiple entry visas and a fast lane for immigration between the special
zone and Singapore
• This package will give priority to two main sectors namely banking and financial
services as below;
a) Banking:
¾ Will be based in Pulau Satu
36 ¾ There are 9 incentives for Pulau Satu including a subsidized corporate tax
rate between 0% - 5% compared to the current rate of 24%. It also offers a
0% tax rate for family offices for 20 years.
b) Financial Services:
¾ Will be based in the mainland area
¾ Offers made include logistics services, global service centers and money
transfer services.
¾ There are two main incentives namely investment tax allowance of 100% for
5 years which reduces taxable income up to 100% for the logistics service
sector while for global service centers and transfer services only 5% is
taxed for a period of 20 years.
• In addition, there are also measures to prevent counterfeit products from entering
the SFZ logistics sector, including the establishment of a New Customs Complex in
Forest City equipped with advanced technology such as artificial intelligence (AI)-
based baggage scanning and facial recognition systems.
• Special Economic Zone for Johor – Singapore (JS–SEZ
• Will be developed in Iskandar Malaysia and Pengerang with a land area of 3,505
square kilometers.
• JS-SEZ involves six (6) local authorities (PBT) namely Johor Bahru, Iskandar Puteri,
Pasir Gudang, Kulai and Kota Tinggi.
• It involves the electricity and electronics sector, medicine, pharmaceutical, aviation,
specialty chemicals, logistics, health, education, financial sector and business
services, energy, digital economy, tourism, food, agricultural technology, creative
industry, halal industry and manufacturing.
• The Johor Government and the Federal Government are very committed to ensure
that this JS-SEZ agreement can be finalized and signed with Singapore at the end
of 2024. It also functions as a facilitator between state and federal government
agencies and investors to discuss and resolve issues and matters arising. It is
expected that more than 100,000 job opportunities will be generated.
• The State Government will introduce the Johor Super Lane or JSL at IMFC-J as
a platform to standardize processes and improve the ease of doing business at
JS-SEZ.
• JSL is a manifestation of improvements to the Kulai Fast Lane (KFL) initiative, which
has become a benchmark, reference and follow-up for other PBTs in Johor and also
PBTs in several other states such as Melaka and Selangor. Among the significant
improvements through the implementation of JSL is a time saving of 2 years for the
land development process that does not yet have a Layout Planning Permission
which was shortened from 37 months to 13 months only.
• The JS-SEZ agreement can be finalized and signed with Singapore on 6 January
2025.
No. State Details
• Increase State Revenue.
• The rapid economic development of the State of Johor should also translate into an
increase in State Government revenues. The increase in revenue will allow more
programs to be implemented and more aid to the Johor Nation to be channelled.
• Therefore, studies and efforts to increase state revenue will be implemented including;
a) First: Revision of Schedule 6 of the Johor Land Rules 1966;
b) Second: Strengthen the enforcement of government land encroachment and
violation of land conditions;
c) Third: Imposing Government Land Use Charges for utility route purposes;
d) Fourth: Introduction of Travel Fees for hotel room occupants; and
e) Fifth: Empowerment of GLCs and the setting of annual dividends from Johor State
GLCs with a minimum rate of 10 percent of profit after tax
2. Melaka • Malay Quota Maintenance Policy, Code A in the State of Melaka
- This policy was enforced on 01 April 2024 through the implementation of Melaka
State Land Development Circular Number 1/2024.
- Among the contents found in the policy are as follows:
a) General Application Conditions
¾ Allowed Development Components for Malay quota release (Code A) are
the following categories:
a) CATEGORY: RESIDENTIAL
Nos
GENERAL CONDITIONS
1 All open quota residential building lots (Code B) have been sold out
2 Residential building components in the category of Happy Homes, Prosperous
Homes and Affordable Homes (Type A) are not allowed
3 Quota Lot of Malays (Code A) who wish to apply for relief have been registered with
the Malacca Housing Authority not less than six (6) months from the application
being submitted to the JKBB secretariat
4 The Residential Building has been completed and has obtained a Certificate of
Completion (CCC) not less than one (1) year from a Registered Architect
5 The property has been advertised in local Malay language newspapers and 37
radio broadcasts no less than six (6) times and has participated in real estate
exhibitions no less than one (1) time

b) CATEGORY: RESIDENTIAL
Nos
GENERAL CONDITIONS
1 All open quota commercial building lots (Code B) have been sold out
2 Commercial building components in the category of Affordable Commercial Building
are not allowed
3 Quota Lot of Malays (Code A) who wish to apply for relief have been registered with
the Malacca Housing Authority not less than six (6) months from the application
being submitted to the JKBB secretariat
4 The Commercial Building has been completed and has obtained a Certificate of
Completion (CCC) not less than one (1) year from a Registered Architect
5 The property has been advertised in local Malay language newspapers and radio
broadcasts no less than six (6) times and has participated in real estate
exhibitions no less than one (1) time

b) Quota Release Application Stage

Development Stages and General Unit Rates Can Apply Remaining Quota
Component Conditions for Exemption (%) Must Be Maintained
(%)
Stage 1: CCC not 20%
Southern Region

less than 1 year

Stage 2: CCC not 50%
Residential Building 30%
less than 2 year
Stage 3: CCC not 100%
less than 5 year
Stage 1: CCC not 20%
less than 1 year
Stage 2: CCC not 50%
Commercial Building Subject to PBN
less than 2 year
Stage 3: CCC not 100%
less than 5 year
 No. State Details
Development Stages and General Unit Rates Can Apply Remaining Quota
Component Conditions for Exemption (%) Must Be Maintained
(%)
Industrial Lot Building
Construction Status
Industrial Lots 75% completed
100% Subject to PBN
Industrial Lot (Land
Only) after individual/
strata title is issued

- The percentage release rate of the remaining unsold Malay quota (Code A) is
requested in stages as per the table below:

b) Quota Release Contribution Charge Rate

- The Quota Release Contribution charge rate (CSPK) is as follows:
Development General Conditions Charge Fii
Component (CSPK) (%)
Current Market Value per unit is RM400,000.00 and 10%
below
Residential Building
Current Market Value per unit is RM400,001.00 and 8%
above
The Property Holding Period does not exceed than 10%
5 years from the receipt of the CCC certificate
Commercial Building
The Property Holding Period does not less than 5 8%
years from the receipt of the CCC certificate

38 The Property Holding Period does not exceed than 10%

Industrial Lots 5 years from the individual/ strata title being received
The Property Holding Period does not less than 5 8%
years from the individual/ strata title being received

- Melaka Car Free Zone

• It involves a 2.3 kilometer route in the area around Bandar Hilir which involves the
route at Bangunan Merah, in front of Menara Taming Sari and the Declaration of
Independence Memorial which will be closed to vehicles from 6 pm to 12 midnight
every Saturday.
• Melaka Car Free Zone has received the Gold Award and the Excellence Award for
the Health and Wellbeing category related to Relaxation @ Bandar Hilir.

3. Negeri Sembilan - Implementation of Negeri Sembilan Housing Policy Improvements (DPNS) Year
2024
• The Negeri Sembilan Government meeting which convened on 28 September
2022 and 31 May 2023 has decided to amend the Land Tax Rate Schedule, Negeri
Sembilan Land Rules (Tax Review 2006) related to land tax rates for Malay Reserve
Land and Customary Land as follows;
a) Designation for Affordable Housing (RMM) Type A with the following
improvements:
RMM Type A
Nos. Items Landed and Mixed Housing Multi-storey Strata
Housing
1. Percentage of Build 20% 20%
2. Price per unit Until RM110,000.00 Until RM80,000.00
3. Land Area 20’ x 60’ -
4. Built-Up Area Minimum 900 sqft (including Minimum 850 sqft
parking space with maximum (including parking space
area 100 sqft or 10 feet x with maximum area 100
10 feet) sqft atau 10 feet x 10 feet)
5. Built Width Minimum 20 feet -
6. Residential Building Type One (1) storey terrace only -
7. Number of Bedrooms 3 bedrooms 3 bedrooms
No. State Details
RMM Type A
Nos. Items Landed and Mixed Housing Multi-storey Strata
Housing
8. Number of Bathrooms 2 bathrooms (one bathroom 2 bathrooms (one bathroom
in the bedroom and one in the bedroom and one
bathroom in the outdoor bathroom in the outdoor
space) space)
9. Townhouse Not allowed Not allowed

b) The following designations for Affordable Housing (RMM) Type B are maintained:
RMM Type B
Nos. Items Landed and Mixed Housing Multi-storey Strata
Housing
1. Percentage of Build 15% 15%
2. Price per unit Until RM250,000.00 Until RM250,000.00
3. Land Area 20’ x 66’ -
4. Built-Up Area Minimum 1,000 sqft Minimum 1,000 sqft
5. Built Width Minimum 20 feet -
6. Residential Building Type One (1) & two (2) -
storey terrace

c) Designation of Affordable Housing (RMM) Type C for Landed Housing

Development with the following improvements:
Landed Residential Development
Nos. Items
RMM Type C (i) RMM Type C (ii)
1. Percentage of Build 15% 15% 39
2. Price per unit Until RM400,000.00 Until RM450,000.00
3. Land Area 20’ x 70’ 20’ x 70’
4. Built-Up Area Minimum 1,200 sqft Minimum 1,600 sqft
5. Built Width Minimum 20 feet Minimum 20 feet
6. Residential Building Type One (1) or two (2) storey Two (2) storey terrace only
terrace

d) Designation of Affordable Housing (RMM) Type C for Mixed Housing

Development (Landed Housing) with the following improvements
Landed Residential Development
Nos. Items
RMM Type C (i) RMM Type C (ii)
1. Percentage of Build 15% 15%
2. Price per unit Until RM400,000.00 Until RM450,000.00
3. Land Area 20’ x 70’ 20’ x 70’
4. Built-Up Area Minimum 1,200 sqft Minimum 1,600 sqft
5. Built Width Minimum 20 feet Minimum 20 feet
6. Residential Building Type One (1) or two (2) storey Two (2) storey terrace only
Southern Region

terrace
 No. State Details
- Continuation of Determination of Premium Discount for Land Development
• Negeri Sembilan has taken steps to encourage land development in Negeri
Sembilan by implementing the provision of premium discounts for land development
as follows:
a) Incentive to extend the provision of premium discounts for land development
starting 1 January 2024
b) only for land development
• Implementation as follows:
- The 25% premium discount (within 30 days) and 15% discount (within 60 days)
are amended to 15% only for a period of 30 days from the date of receiving Notice
5A or 7tg from the District Land Administrator

- Implementation of the Development Charge Regulations (Negeri Sembilan) 2023 and

the Negeri Sembilan Development Charge Implementation Guide
• The development charge regulations (Negeri Sembilan) were approved by the
Negeri Sembilan State Executive Council (MMKN) on 18 October 2023
• These development charge regulations were gazetted on 21 March 2024 and the
use of these regulations came into effect on 1 January 2024.
• The development charge regulations are as follows:
a) Land Use Changes
City Council Municipal Council District Council Malaysia Vision
Valley Area (MVV)
15% x increase in 15% x increase in land 10% x increase in 15% x increase in
land value value land value land value

b) Density Change
40
City Council Municipal Council District Council Malaysia Vision
Valley Area (MVV)
15% x increase in 15% x increase in land 10% x increase in 15% x increase in
land value value land value land value

c) Floor Area Change (Plot Ratio)

City Council Municipal Council District Council Malaysia Vision
Valley Area (MVV)
15% x increase in 15% x increase in land 10% x increase in 15% x increase in
land value value land value land value
3.4 State Government Current Issues of Property

No. State Details

1. Johor • Johor Affordable Housing Policy
• In addition to affordable housing and PPR, one of the state government's efforts to
ensure that housing developers can provide homes at affordable prices to the people
of Johor is the provision of affordable housing for the people of Johor, whether through
ownership or rental.
• In order to ensure that housing developers can provide homes at affordable prices to
the people of the state of Johor, the State Government has already introduced the Johor
Affordable Housing Policy which requires developers to implement the construction of
60% of the free market housing component which is equivalent to building 40% of their
affordable housing.
• These Affordable Homes are also sold at prices starting from RM50,000 up to RM300,000
and this figure is much cheaper when compared to the price that should be sold at the
market price.
• In conclusion, the types of housing construction projects that the Johor nation can afford
include:
- Component 40 % of Affordable Homes built by developers
- Affordable houses built by the Johor State Government through the State GLC
- Houses built by Central Government GLCs such as PR1MA and SPNB
- Transit houses or Government rental houses under the Johor State Government as
well as the People's Housing Project or PPR under the KPKT
- Aid schemes to build new houses, namely the Poor People's Housing Program
(PPRT) under the Ministry of Rural and Regional Development and SPNB's People
Friendly Houses under the Ministry of Local Government Development. Rumah Kasih
Johor Program under the Johor State Government.
- The relaxation of Malaysia My Second home-MM2H conditions and the increase in rental
rates in Singapore
• This program has had a positive impact on the Johor state economy, especially in the
property sector. The following are some of the effects of the implementation of the
program in the Johor property sector: 41
- Increased in volume of the property sales - Since the relaxation of MM2H conditions
and the increase in rental rates in Singapore, property sales in Johor have increased.
Many workers from Singapore and Singaporeans themselves buy property in this
state. It is expected to further stimulate the property sector and help solve the problem
of unsold properties.
- High demand for property: With the recent revision to MM2H which reduced the
minimum age limit to 30 years and relaxed the financial condition of the state of Johor
it is expected that there will be this higher demand. This means more investment
activities and property purchases in the state of Johor
- Encouragement to the Property Industry: The announcement of the relaxation of
MM2H conditions was welcomed by the state government, especially in helping to
overcome the problem of unsold properties. With this, the property sector in Johor will
continue to grow and benefit the state's economy.
• In conclusion, the relaxation of MM2H conditions and the increase in rental rates in
Singapore have had a positive effect on real estate sales in Johor and the tourism sector
in general.
- Property Overhang in Johor Bahru – Serviced Apartment
• The State Government believes that the image that says that unsold 'service apartments'
which seem to encompass one state of Johor actually only occurs in certain areas.
• Although it is in the area of Johor Bahru City Council and Iskandar Putri City Council, but
its position is only in certain areas, namely in the International Zone Area as much as
11,029 units (contributing 25% of the units launched) and outside the International Zone
Southern Region

as many as 1,617 units (contributing 11.9% of the units launched). Therefore, this shows
that the demand in the state of Johor for service apartments is still high with a percentage
of almost 80%. (Source: Overhang Data Report - Johor State Unsold Properties Third
Quarter 2023 NAPIC)
• However, in order to overcome this problem from continuing, the state government has
taken steps and actions as follows:
- The creation of a 'Taskforce' for Unsold Properties which is composed of BPENJ,
SUKKT, PKPJ, Plan Malaysia and JPPH
- The imposition of additional perimeters in the Development Proposal Report (LCP)
on market research and property demand to enable the PBT to assess the feasibility
of the project
- The imposition of additional conditions for the approval of serviced apartments by
making JPPH one of the commenting agencies, particularly in relation to market
research and property demand.
 No. State Details
- Affordable houses in Johor
• The State Government has targeted for 30 thousand units of affordable houses to be
built by 2026 where a total of 13,461 units of Rumah Mampu Milik Johor (RMMJ) have
been completed from 2022 to November 2024
• The State Government will implement the following initiatives;
¾ A total of 8,021 units of JOHOR AFFORDABLE HOMES (RMMJ) are targeted to
be built in 2025 in all districts through the cooperation of the State Government and
private developers
¾ As much as RM 225 million is allocated for the development of RUMAH BANGSA
JOHOR (RBJ) covering 432 units in Jalan Ibrahim, Pontian and 257 units in Sri
Menanti, Muar in collaboration with PIJH

• The State Government through the Johor State Housing Development Corporation
(PKPJ) will continue to improve the quality of life of PPR communities and public flats,
through:
¾ An allocation of RM 41.6 million for MAINTENANCE OF HOUSING FACILITIES
involving more than 14,000 units in 12 PPR and 7 RSK
¾ An allocation of RM 14 million for FACILITY AGENT MANAGEMENT to improve
management and maintenance efficiency
¾ An allocation of RM 10 million for JOHOR STATE PUBLIC FLAT REJUVENATION
at Bandar Penggaram Flats, Batu Pahat as well as EDL Apartments and Saujana
Apartments, Johor Bahru
¾ An allocation of a total of RM 6.65 million for the JOHOR NATIONAL TRANSIT
HOUSE (RTBJ) involving 60 units in Taman Penawar, Kota Tinggi and 71 units in
Taman Nusa Sentral, Johor Bahru
¾ An allocation of RM 36.15 million for the DEVELOPMENT OF RUMAH KASIH
JOHOR (RKJ) with the provision of 328 new housing units by PKPJ, MAIJ, Waqaf
An-Nur and KKDW
¾ An allocation of RM 2.24 million for the JOHOR CARE HOME PROGRAM (RPJ). A
42 total of 112 RPJ units will be built at a cost of between RM 75 to 95 thousand per
unit. To complete this initiative, PKPJ will cover the additional cost of infrastructure
provision up to RM 20 thousand per unit. At the same time, SPNB will provide a
subsidy of RM 20 thousand per unit. This makes the selling price of RPJ only RM
55 thousand per unit.
¾ An allocation of RM 14.15 million for the HOME REPAIR PROGRAM that will benefit
795 poor and severely poor families.
¾ An allocation of RM 2 million for the ORGANIZATION OF JOHOR PROPERTY
EXPO (JPEX).
¾ An allocation of RM 600 thousand for the PKPJ PROPERTY ROADSHOW
PROGRAM. This program is expected to help people get information, open
registration of e-home accounts, direct offers for property purchases and developer
consultations.
2. Melaka • Sufficient water supply project until 2050 through the following projects:
a) The Jernih Riverside Water Reservoir (TAPS) construction project in Alor Gajah District
with a total reservoir capacity of 13,000 million liters.
b) Melaka TAPS Construction Project in Tasik Biru Chinchin, Jasin District with a reservoir
capacity of 25,000 liters. This project will be started in September 2023 and will be
completed in 2026 which is abstracted through Sungai Kesang to Tasik Biru with
estimated cost of RM350 million.
c) The Project to Upgrade the Krubong Flood Mitigation Pool – Durian Tunggal as a Dual-
Function Pool for Flood Mitigation and State Water Resources with a project cost of
RM603.7 million.
d) Groundwater Resource Mapping and Development Project with a project cost of RM3.8
million.
• Land, Air and Water Links
• The Melaka State Government continues to improve road, water and air links as follows:
a) Build a new road from Solok Ayer Limau to Kampung Jeram, Masjid Tanah, Alor Gajah,
Melaka at a cost of RM19.9 million ringgit which is expected to be completed in 2024.
b) Construct a new road from Rim Junction (M27) to Kampung Ulu Jasin Junction (M2),
Jasin District, Malacca at a cost of RM35.2 million ringgit which is expected to be
completed in 2025.
c) Build a road from Simpang Jalan Serkam – Bemban to Simpang Jalan Kandang
(Kampung Bukit Kajang) Jasin at a cost of RM20.2 million ringgit and is expected to be
completed in November 2025.
d) Built a Coastal Road at the Main Campus of the Technical University of Malaysia
Melaka (UTeM) Alor Gajah District with a project cost of RM49 million
e) Upgrading the Road from the Simpang Ampat Toll Roundabout to the Alor Gajah District
AMJ Expressway with a project cost of approximately 30 million
No. State Details
• Sustainable Township
• The State Government always encourages home ownership among the people of
Malacca. Thereby, the State Government has provided and designed various types
of housing for their people including Affordable Housing Scheme, Projek Program
Perumahan Rakyat (PPR), Melaka RumahKu Program dan Care Cinta – House Scheme
for Newly Married Couples.

• Effective Telecommunications System

• Free wi-fi connection at 20 public hotspots with a fee RM500 thousand ringgit for a period
of 2 years. Focus areas include Taming Sari Tower, Klebang Square, Ayer Keroh Leypark
Station, Sungai Melaka Square, Melaka Zoo, Selat Mosque and others.
• The State Government also obliges housing developers to provide telecommunications
sites in their respective project areas.

• Economy development
• The State Government has also identified 7 high potential development proposals
namely:
i) Development of a duty-free industrial area in Tanjung Beruas with an area of 1,000
acres;
ii) Construction of 1,140 acres south of M-Wez Port and Industrial Area;
iii) Construction of M-WEZ Iconic Tower;
iv) Development of a water chalet project in Malacca Island;
v) Proposal to create a Duty-Free Shop zone in Malacca Island;
vi) Development of a Cruise Terminal that has the potential to become a tourism hub;
vii) The SaiI project is a high-value real estate project that offers hotel room
accommodation, condotels, shopping spaces and cultural centers.
• Tourist Attraction Program
• Tourism product development includes
a) Javanese Heritage House in Kampung Paya Dalam, DUN Ayer Molek to highlight
the heritage of the Javanese community
b) The Melaka State Government is actively trying to get recognition as an Aspiring
43
Melaka Geopark under the National Geopark Development Plan 2021-2030. This
initiative involves the recognition of 29 potential geosites that have high geological
and environmental value. Among the identified geosites are Tanjung Tuan, Pulau
Besar Aplite, and Pulau Upeh Laterite
c) The Glamping and Caravan Park concept will be expanded in selected locations in
each district including Chinchin Lake Extreme Park which has the potential to be
developed as a world-class destination.

3. Negeri Sembilan • Implementation of Negeri Sembilan Land Rules (Tax Revision 2006) (Amendment,
2022)
• The amendment is related to the land tax rate for Malay Reserve Land and Customary
land as follows:
a) Malay Reserve Land
From:
Category/ Land Use Annual Tax Rate
Malay Reserve Land ½ of annual tax rate for residential building

To:
Category/ Land Use Annual Tax Rate
Malay Reserve Land ½ of any of the above annual taxes as applicable
Southern Region

b) Customary land
From:
Category/ Land Use Annual Tax Rate
Customary land ½ of annual tax rate for residential building

To:
Category/ Land Use Annual Tax Rate
Customary land ½ of any of the above annual taxes as applicable
 No. State Details
• Quota Setting 30% Ownership of local and bumiputera citizens/ companies for
industrial development/ enterprise category
• Only 30% of the development area is allocated to local companies including Bumiputera.
• Land development that involves the development of the industrial/ enterprise category
must be set a quota of 30% of industrial/ enterprise lots developed for the ownership of
local people/ companies and bumiputera.
• The price discount of 10% from the sale price is only subject to bumiputera lots.
• Review of the premium payment rate after the approval of the application to change
the express conditions of the land in the agricultural category under Section 124(1),
National Land Code (ACT 828)
• The premium rate is set at a nominal rate of RM500.00 per lot.
• The premium payment rate on approval to change the express conditions of land in the
agricultural category is RM100.00 per acre. The premium rates are as follows:
i) The premium rate for applications to change the express conditions of land in the
agricultural category under section 124(1) KTN or other land development approvals
under sections 124A, 204A-H and 197 & 76 of the KTN that causes the change of
express conditions of land in the agricultural category is RM 100.00 an acre
ii) The premium payment rate on the approval of land development applications under
sections 124A, 204A-H and 197 & 76 KTN, which maintains the express conditions
in the agricultural category is set at a nominal rate of RM500.00 per lot.
iii) Exempted premium payment on the approval of the application to place the category
and the express conditions of the land in the agricultural category under section
124(1) of KTN or the approval of other land development under sections 124A, 204A-
H and 197 & 76 of the KTN which causes the occurrence of placing the category and
real conditions of land in the agricultural category.

44

JOHOR 5.1 JOHOR 5.2

Pergerakan Harga Purata Rumah Teres Dua Tingkat di Johor Bahru Pergerakan Harga Purata Kedai Tiga Tingkat di Johor Bahru
Average Price Movements of Double Storey Terraced Houses in Johor Bahru Average Price Movements of Three Storey Shop in Johor Bahru
(RM’000 Seunit Sebulan/ Per Unit Per Month) (RM’000 Seunit/ Per Unit)
800 764 3000
700
675 688
665
680
620 2500 2350 2382
2275
586
560 565 570 2140
2100
560
2000
554
515
500
440 487
476
1500 1650

1410 1435 1453

320 1325
1000

200
2020 2021 2022 2023 2024
500
Taman Pelangi Taman Perling 2020 2021 2022 2023 2024
Taman Johor Jaya Taman Johor Jaya Taman Pelangi
 JOHOR 5.3 JOHOR 5.4
Pergerakan Sewaan Purata Pejabat di Kedai di Johor Bahru Pergerakan Harga Purata Kondominium / Pangsapuri di Johor Bahru
Average Rental Movements of Office at Shop in Johor Bahru Average Price Movements of Condominium / Apartments in Johor Bahru
(RM Sebulan Seunit/ Per Unit Per Month) (RM’000 Seunit/ Per Unit)
3000 500

2400
400 380
364 360

1800 1650 320 328

1600
1500
1330 1390 300

1200 1330
1250 1260 272
1200 1200 260
234 240 240
200
600

0 100
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024

Taman Molek Bandar Baru Permas Jaya Frinza Court Bukit Saujana

JOHOR 5.5 JOHOR 5.6

Pergerakan Harga Sewaan Pangsapuri Khidmat di Johor Bahru Pergerakan Harga Sewaan Rumah Teres Dua Tingkat di Johor Bahru
Average Price Movements of Serviced Apartments in Johor Bahru Average Price Movements of Double Storey Terrace Houses in Johor Bahru
(RM Sebulan Seunit / Per Unit Per Month) (RM Sebulan Seunit / Per Unit Per Month)
2000 1900 2000
1800
1785
1700 1650 1750 1650
1750 1600
1650 1600
1450 1450 1500
45
1500 1400 1400 1500
1400 1350 1350 1350 1425
1300 1350 1450
1300 1300
1200 1300
1150 1150 1300 1250 1250 1300 1300
1200 1250 1250
1100 1050
1075 1075 1000 1075 1050 1050
1000 1000
950
800 900 900
750

500 500
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024

One Tebrau Residence Pandan Residence Taman Mount Austin Bandar Baru Uda
Bora Residence Forest City Taman Molek Bandar Seri Alam
Molek Regency Bandar Baru Permas Jaya

NEGERI SEMBILAN 8.1 NEGERI SEMBILAN 8.2

Pergerakan Harga Purata Rumah Teres Satu Tingkat di Seremban Pergerakan Sewaan Purata Rumah Teres Satu Tingkat di Seremban
Average Price Movements of Single Storey Terraced Houses in Seremban Average Rental Movements of Single Storey Terraced Houses in Seremban
(RM’000 Seunit/Per Unit) (RM Seunit Sebulan/Per Unit Per Month)
350 1000
900 900 900
310
850 800 800
Southern Region

300 290
273 289
275 700
260 265 280 675 675
700
259
250 264 261
248 650 650 650
250
240 550 575
235 575

200
400 425 425

150 250
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024

Taman Paroi Jaya Taman Tuanku Jaafar Taman Rasah Jaya Taman Tuanku Jaafar
Taman Rasah Jaya Taman Paroi Jaya
 NEGERI SEMBILAN 8.3 NEGERI SEMBILAN 8.4
Pergerakan Harga Median Rumah Teres Dua Tingkat di Seremban Pergerakan Sewaan Median Rumah Teres Satu Tingkat di Seremban
Median Price Movements of Double Storey Terraced in Seremban Median Rental Movements of Single Storey Terraced in Seremban

(RM ‘000 Seunit / Per Unit) (RM Sebulan Seunit / Per Unit Per Month)

700 1500

1350 1400
560 550 1340
580 1325
510 515 1250 1250
470 480 1200 1250
450
460 420 430 1180
405
420 1100
1025 1025 1025
390
340 365 375 1020 1025
350
950 1000
950
220 860

100 700
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024

Hijayu @ Bandar Sri Sendayan Hijayu @ Bandar Sri Sendayan

Taman Bukit Kepayang Taman Lavender Height
Taman Lavender Height Taman Bukit Kepayang

NEGERI SEMBILAN 8.5 NEGERI SEMBILAN 8.6

Pergerakan Harga Median Condominium di Seremban Pergerakan Sewaan Median Condominium di Seremban
Median Price Movements of Condominium in Seremban Median Rental Movements of Condominium in Seremban

(RM ‘000 Seunit / Per Unit) (RM Sebulan Seunit / Per Unit Per Month)

300 1000
46 975
950
260 900

230

220 210 800 825 825 825

205
215 197
190
750 750 750
195 195
180 190 700 730
700
165
140 600

100 500
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024

Central Park Apartment, Seremban 2 Central Park Apartment, Seremban 2

Desa Palma, Nilai Desa Palma, Nilai

NEGERI SEMBILAN 8.7 NEGERI SEMBILAN 8.8

Pergerakan Harga Purata Rumah Kedai Dua Tingkat Pergerakan Sewaan Purata Tingkat Bawah Rumah Kedai
Sebelum Perang di Jalan Dato Bandar Tunggal Dua Tingkat Sebelum Perang di Jalan Dato Bandar Tunggal
Average Price Movements of Double Storey Prewar Average Price Movements of Ground Floor Of Double Storey
Shophouses in Jalan Dato Bandar Tunggal Prewar Shophouses in Jalan Dato Bandar Tunggal
(RM ‘000 Seunit / Per Unit) (RM Sebulan Seunit / Per Unit Per Month)
1500 5000

1300 4200

1100 3400
3500 3500
950 950 3300
3100 3100
900 850 850 850 2600

700 1800

500 1000
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024
MELAKA 7.1 MELAKA 7.2
Pergerakan Harga Purata Rumah Teres Satu Tingkat di Melaka Pergerakan Sewaan Purata Rumah Teres Satu Tingkat di Melaka
Average Price Movements of Single Storey Terraced Houses in Melaka Average Rental Movements of Single Storey Terraced Houses in Melaka

(RM’000 Seunit/Per Unit) (RM’000 Seunit/Per Unit)

400 2000

390
380 380
340 1620
350

1200
280 300 1240
280 1000 1000 1000
260 900
220 860
900 900
220 220 220
750 750

160 480
500

100 100
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024

Taman Kota Laksamana Taman Seri Cempaka Taman Hilir Taman Sinn

MELAKA 7.3 MELAKA 7.4

Pergerakan Harga Purata Rumah Teres Dua Tingkat di Melaka Pergerakan Sewaan Purata Rumah Teres Dua Tingkat di Melaka
Average Price Movements of Double Storey Terraced Houses in Melaka Average Rental Movements of Double Storey Terraced Houses in Melaka

(RM’000 Seunit/Per Unit) (RM’000 Seunit/Per Unit)

1000 2000
1800

1620
1400
47
800
1300 1300 1300
1200
1240
600
580
600 550 550 550
860 1000 1000

800 800

400 480
400 400 400 400 410

100
200 2020 2021 2022 2023 2024
2020 2021 2022 2023 2024

Taman Kota Laksamana Taman Pandan Indah Kenanga Seksyen 3 Kota Laksamana

MELAKA 7.5 MELAKA 7.6

Pergerakan Harga Purata Kondominium di Melaka Pergerakan Sewaan Purata Kondominium di Melaka
Average Price Movements of Condominium in Melaka Average Rental Movements of Condominium in Melaka

(RM Seunit Sebulan/Per Unit Per Month) (RM Seunit Sebulan/Per Unit Per Month)

600 3500
Southern Region

500 3000
460
420
400 400 410
400 2500

300 2000 1900

1800 1800 1800
300
260 270 270
1500
200 230 1500 1400
1600
1200 1200
1400

100 1000
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024

Admiral Residence Siantan Puri Golden Coast Casalago

 MELAKA 7.7 MELAKA 7.8
Pergerakan Harga Purata Kedai Dua Tingkat di Melaka Pergerakan Sewaan Purata Kedai Dua Tingkat di Melaka
Average Price Movements of Double Storey Shop in Melaka Average Rental Movements of Double Storey Shop in Melaka

(RM’000 Seunit/Per Unit) (RM Seunit Sebulan/Per Unit Per Month)

4000
1000

800
756 3500
775
700
650
615 700
3000 3000
630 3000
550
565 2800 2800 2800
555
510 2900

2500
325
2500 2500 2500 2500

100 2000
2020 2021 2022 2023 2024 2020 2021 2022 2023 2024

Kota Syahbandar Kota Laksamana Jaya Malim Jaya Melaka Raya

MELAKA 7.9 MELAKA 7.10

Pergerakan Harga Purata Kedai Tiga Tingkat di Melaka Pergerakan Sewaan Purata Kedai Tiga Tingkat di Melaka
Average Price Movements of Three Storey Shop in Melaka Average Rental Movements of Three Storey Shop in Melaka

(RM’000 Seunit/Per Unit) (RM Seunit Sebulan/ Per Unit Per Month)

1500
48
4000
3800
3600
3500 3500
1220 3500
1100
1000 1000 3100 3100
940
940 900
3000
2700
790
660 745 745 2500
713 713

380 2000
2000
1800 1800

100
2020 2021 2022 2023 2024 1500
2020 2021 2022 2023 2024

Taman Melaka Raya Taman Klebang Utama Taman Melaka Raya Prime Square

MELAKA 7.11 MELAKA 7.12

Pergerakan Sewaan Purata Ruang Niaga di Kompleks Membeli-belah di Melaka Pergerakan Sewaan Purata Pejabat Binaan Khas di Melaka
Average Rental Movements of Retail Space in Shopping Complexes in Melaka Average Rental Movements of Purpose-Built Office in Melaka
(RM Semeter Persegi/Per Square Meter)
(RM Semeter Persegi/Per Square Meter)
500
30

392 392 392 392 392

400

25
23.14 23.14 23.14 23.14 23.14
300
23.00 23.00 23.00 23.00 23.00

20
200

113 113 113 113 113

100 15

0
2020 2021 2022 2023 2024 10
2020 2021 2022 2023 2024
Jaya Jusco Mahkota Parade
Graha Maju Tabung Haji
MELAKA 7.13 MELAKA 7.14
Pergerakan Harga Purata Kilang Satu Tingkat di Taman Malim Jaya, Melaka Pergerakan Harga Purata Plot Perindustrian di Melaka
Average Price Movements of Single Storey Factory in Taman Malim Jaya, Melaka Average Price Movements of Industrial Plot in Melaka
(RM Semeter Persegi/Per Square Meter)
(RM’000 Seunit/Per Unit)
1000
600

850

715
500 700 646
465 639
600
430 557
405 550
400 400
400 460
380
400 360 360
330

300 250

100
2020 2021 2022 2023 2024
200
2020 2021 2022 2023 2024 Krubong Tanjong Minyak

MELAKA 7.15
Pergerakan Harga Purata Tanah Getah di Melaka
Average Price Movements of Rubber Land in Melaka
(RM’000 Sehektar/Per Hectare)

200
180 180

170
150 150 150
49
140
140
130 130 130

110 120

80

50
2020 2021 2022 2023 2024

Mukim Tebong, Alor Gajah Mukim Nyalas

Southern Region