Johor MB: Johor Bahru Has Over 70,000 Vacant Homes

October 18, 2021

Johor MB: Johor Bahru Has Over 70,000 Vacant Homes

Johor Menteri Besar Hasni Mohammad said over 70,000 homes in Johor Bahru are vacant since they are either unsold, unoccupied or abandoned.

He attributed the problem partly to the new policies on homeownership as well as on the new conditions that would have to be complied with by foreigners under the Malaysia My Second Home (MM2H) programme, reported Bernama.

Hasni revealed that the state government is working with real estate firms to introduce a housing rent programme aimed at the younger generation.

“We will discuss and cooperate with real estate agents who have the record of completed and unsold houses, the types of units and appropriate rent,” he said as quoted by Bernama.

He noted that the problem of vacant homes should be resolved for Johor Bahru to be a dynamic city.

Hasni revealed that the state’s 2022 budget, which is set to be tabled on 25 November, will focus on the M40 (middle income) and B40 (lower income) groups as well as on young people who are struggling to find employment.

He explained that an expansionary approach has to be adopted by the state to rehabilitate economic sectors that have been severely impacted by the COVID-19 pandemic.

He added that the budget will also seek ways to help individuals conducting online businesses at their homes.

“Many are interested in starting an online business to supplement their income in the wake of the COVID-19 pandemic. The economy has not fully recovered so the government needs to help,” said Hasni.

 

Check out these latest project reviews today! Or read our helpful Guides to learn all about the various property buying, selling and renting tips!

POST COMMENT

You may also like these articles

Johor Hopes High-Speed Rail Project Will Continue

The Johor state government is hopeful that the high-speed rail (HSR) project would be continued even as Singapore would not be included in the new alignment.The discontinuation of the Kuala Lumpur-Sin

Continue ReadingJanuary 4, 2021

Johor Bahru-Singapore RTS Link’s Public Inspection Goes Virtual

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) said the public inspection for the Rapid Transit System Link (RTS Link) between Johor Bahru and Singapore will be implemented virtually.This is in view of th

Continue ReadingJanuary 15, 2021

Demand for Johor property to remain muted

The Johor property market is expect to face another challenging year as foreign buyers, particularly those from China and Hong Kong, had become more cautious with their spending as they wait for the p

Continue ReadingFebruary 16, 2021

Johor Sultan Urges Government To Revert To Original MM2H Rules

Johor Ruler Sultan Ibrahim Sultan Iskandar has called on the government to revert to the original Malaysia My Second Home (MM2H) conditions, saying they were effective in promoting the country as an i

Continue ReadingSeptember 1, 2021

Kuala Lumpur-Johor HSR Study Completed, Says Mustapa

Economic Affairs Minister Mustapa Mohamed said the study on the proposed High Speed Rail (HSR) project connecting Kuala Lumpur with Johor’s Iskandar Puteri has already been completed.He added that a

Continue ReadingOctober 15, 2021

Feedback