Top 5 Condos in Johor Bahru Foreigners Can Buy for Under RM1 Million
Johor Bahru (JB), a bustling city located just across the border from Singapore, has become a hotspot for property investment. Its strategic location, vibrant culture, and affordability make it especially appealing for foreigners, particularly under the Malaysia My Second Home (MM2H) program. While most people assume that foreign buyers must spend at least RM1 million to own property in Malaysia, there are several exceptions. Here are five condos in JB that foreigners can purchase for under RM1 million, offering the perfect mix of affordability, luxury, and convenience.
1. Puteri Cove Residences
Nestled in the serene Puteri Harbour, Puteri Cove Residences stands out as one of the most desirable properties in Johor Bahru. This freehold property, completed in 2017, offers luxurious living with panoramic sea views that are hard to beat.
The high-quality finishes and top-notch amenities make it feel like a 5-star hotel. From expansive swimming pools to beautifully landscaped gardens and a state-of-the-art gym, the facilities here are exceptional. The standout feature? A Sky Deck with breathtaking views that are rare to find even in Singapore.
For those seeking a peaceful retreat, this condo is ideal. Despite its tranquil setting, residents enjoy easy access to nearby supermarkets, high-end dining options, and even a Hard Rock Café. The price? A 2-bedroom unit of 883 sq. ft. starts at approximately RM900,000, making it a fantastic choice for a weekend getaway or retirement home.
2. Grand Medini
Located in the heart of Medini, Grand Medini is another excellent option for foreign buyers. Known for its proximity to Legoland and Gleneagles Hospital, this condo offers a convenient and family-friendly lifestyle.
Developed by a reputable Malaysian company, the building was completed in 2018 and boasts high specifications with a resort-like feel. While it is a leasehold property with 129 years remaining, its affordability makes it an attractive choice. Units start at just RM300,000 for a studio measuring 474 sq. ft. Two-bedroom units are priced around RM500,000, while spacious 3-bedroom units are available for RM600,000.
What makes Grand Medini particularly intriguing is the rumor that the entire Medini area might convert to freehold status. If this happens, property values are expected to rise significantly, adding an extra layer of investment potential.
3. Aliva Austin
For those who love vibrant city living, Aliva Austin is the perfect choice. Situated in the bustling Austin area, this upcoming project is being developed by a renowned Malaysian company listed on the Singapore Exchange. Completion is expected in 2026, and it’s already drawing attention for its competitive pricing.
Starting at just RM500,000, buyers can secure a 1+1 bedroom unit of approximately 595 sq. ft. For larger families, 3-bedroom units spanning over 1,000 sq. ft. are available for RM700,000.
Austin is known for its lively entertainment scene, with a plethora of dining options, cafes, and shopping malls nearby. Aliva Austin offers an excellent opportunity for buyers looking to invest in a dynamic and highly sought-after location.
4. Country Garden Danga Bay
If proximity to the city center is a priority, Country Garden Danga Bay is an excellent choice. Located just a short drive from JB’s central business district, this freehold property is one of the most accessible and affordable options for foreigners.
Completed in 2017 by a well-known Chinese developer, the condo features over 9,000 units, making it a massive development. Despite its size, it offers great amenities, including a shopping mall with restaurants and a supermarket conveniently located downstairs.
A 2-bedroom unit of 800+ sq. ft. can be purchased for RM600,000, while larger 3-bedroom units measuring over 1,200 sq. ft. are priced around RM700,000. The high density of the development might not appeal to everyone, but its affordability and strategic location make it a popular choice for budget-conscious buyers.
5. R&F Princess Cove
Located just a stone’s throw from the RTS Link to Singapore, R&F Princess Cove is a prime option for those who value convenience. Its strategic position within walking distance of the RTS station makes it highly appealing for commuters and investors alike.
This freehold property, completed in two phases between 2018 and 2023, offers a range of unit sizes. Studios start at RM600,000, making them an affordable entry point for foreign buyers. While 2-bedroom units are close to the RM1 million mark, some are still available for under RM1 million.
R&F Princess Cove also offers a variety of amenities, including retail shops, cafes, and recreational spaces, providing a modern and convenient lifestyle.
Why Consider Properties Under RM1 Million?
Foreigners often prefer properties priced below RM1 million for several reasons:
- Affordability: Properties under this threshold allow buyers to minimize their financial commitment while still securing a high-quality home.
- MM2H Program: Many of these condos qualify for the Malaysia My Second Home program, which has specific property purchase requirements.
- Investment Potential: Affordable properties in prime locations offer excellent potential for capital appreciation, especially as areas like Medini continue to develop.
Things to Keep in Mind
While these properties are all foreigner-eligible and priced below RM1 million, it’s important to consider a few factors before making a purchase:
- Leasehold vs. Freehold: While freehold properties generally have higher value retention, leasehold properties in areas like Medini may still offer great returns due to potential status upgrades.
- Developer Reputation: Always research the developer’s track record to ensure the quality and reliability of the project.
- Location: Proximity to key amenities, transportation, and entertainment options can significantly impact the property’s value and livability.
Conclusion
Johor Bahru offers a wide range of affordable condo options for foreign buyers, with properties under RM1 million providing exceptional value. Whether you’re looking for a peaceful retreat with stunning sea views or a lively urban home close to entertainment hubs, JB has something to suit every preference.
Investing in these properties not only allows you to own a slice of Malaysia’s real estate but also positions you to enjoy the lifestyle benefits of the MM2H program. With prices starting as low as RM300,000, now is the perfect time to explore these opportunities.
