Property developers in Johor expect rental rates within the state to rebound to pre-pandemic levels once land borders between Singapore and Malaysia are reopened.
Malaysia and Singapore are set to reopen their borders to fully vaccinated travellers from 1 April, enabling Malaysian workers to revert to their previous practice of commuting from their homes in Johor to their workplace within Singapore, reported The Star.
Law Teck Seng, Deputy General Manager at Seri Alam Properties Sdn Bhd, noted that monthly rent for a shop lot dropped from RM5,000 before the pandemic to RM3,000 during the pandemic.
He also pointed that current room rates for single-storey homes in areas near the Causeway such as Taman Daya, Taman Sri Tebrau and Taman Maju Jaya stands at about RM850.
“Those earning Singapore dollars in the island republic will not have trouble paying their rents as they are more affordable here than across the Causeway,” added Law
