JB Condos: 5 Foreigner-Eligible Properties Under RM1 Million

Five Condos in Johor Bahru Foreigners Can Buy for Under RM1 Million

This article outlines five condominium projects in Johor Bahru (JB) that foreigners can purchase for under RM1 million. The RM1 million threshold is significant because, generally, foreigners are perceived to only be able to buy properties in JB with a minimum price of RM1 million. However, there are exceptions, and this article will explore those. This threshold mainly applies to resale properties, but opportunities exist to buy directly from developers for less than RM1 million.

1. Putri Cove Residences

• Located in Putri Harbour, completed around 2017-2018.

• Freehold property with excellent sea views, possibly the best in Johor Bahru.

• Developed by a Singaporean developer, boasting high-quality construction and a luxurious feel, reminiscent of a five-star hotel.

• Features extensive facilities including multiple swimming pools and gardens. The sky deck on levels 16 and 17 includes a fancy gym.

• Situated in a quiet area, close to supermarkets, restaurants, and cafes.

• Two-bedroom units (approximately 883 sq ft) are available for around RM900,000+. One-bedroom units are no longer available.

2. Grand Medini

• Considered a top condominium in Medini, completed in 2018 by a local developer known for owning resorts in Tioman.

• High-specification building, potentially the highest in Medini.

• Located near Legoland and Gleneagles Hospital, both within walking distance.

• Smaller project with approximately 600 units. Features a resort-like feel.

• Leasehold property with 129 years remaining.

• Prices are relatively low: studio units (474 sq ft) start from RM300,000; two-bedroom units around RM500,000; three-bedroom units around RM600,000; and dual-key units around RM700,000+.

• There are rumors about Medini potentially converting to freehold status, which could increase property values.

3. Aliva Austin

• Developed by Mah Sing Group, a Malaysian developer listed on the SGX.

• Expected completion is around 2026.

• Appeals to those who enjoy the vibrant Austin area known for its entertainment and food options.

• Foreigner eligible for a minimum price of RM500,000+.

• One-plus-one bedroom units (approximately 595 sq ft) are available for around RM500,000+.

• Limited units remain, mostly converted international lots. Three-bedroom units (1,075 sq ft) are available for around RM700,000+.

4. Country Garden Danga Bay

• A well-known option in Danga Bay, conveniently located near JB City Centre (5-10 minutes drive).

• Completed around 2017, and is a freehold property.

• Large project with over 9,000 units developed by a Chinese developer.

• Features a shopping mall with restaurants and a supermarket.

• Foreigner eligible.

• Two-bedroom units (800+ sq ft) are available for RM600,000+, and three-bedroom units (1,204 sq ft) are available for RM700,000+.

• Considered an affordable alternative to newer projects near the RTS (Rapid Transit System) link.

5. R&F Princess Cove

• Also foreigner eligible for under RM1 million.

• Studio units (471 sq ft) are available for RM600,000+.

• Two-bedroom units are nearly RM1 million.

• Excellent location, within walking distance of the RTS link.

• Developed by a Chinese developer, freehold property.

• Phase one was completed in 2018, and phase two was completed in 2023. The recommendation is to purchase in phase two, which is newer.

• Located within the Special Economic Zone (SEZ).

Conclusion

These five condominium projects offer options for foreigners seeking to purchase property in Johor Bahru for under RM1 million. This is especially relevant considering the recent implementation of the Malaysia My Second Home (MM2H) program within the Special Economic Zone, which requires property purchases to be made directly from developers. Landed properties in JB often exceed RM1 million, making these condos attractive for those seeking a more affordable investment. A budget of RM1 million is equivalent to approximately S$290,000 - S$300,000, a comfortable price point for many. These five projects represent the best choices for foreigners within their respective locations (Putri Harbour, Medini, Austin, City Centre, and Danga Bay) with a budget below RM1 million.