Key Insights for Singaporeans Buying New Property in Johor Bahru

Johor Bahru (JB) has transformed from a border city into a thriving metropolitan hub, attracting investors and homeowners from across the region. Among its many developments, R&F Princess Cove stands out as a luxury, waterfront project offering prime location, world-class amenities, and promising investment returns.

For Singaporeans, JB is more than just a shopping or dining destination. It’s a place where property prices are significantly lower than Singapore’s, living costs are more affordable, and connectivity keeps improving. This makes it a compelling option for a holiday home, rental property, or long-term investment.

Why Choose R&F Princess Cove?

This flagship project by Developers in Johor Bahru boasts:

A waterfront location next to the Causeway, with stunning views of the Straits of Johor.
Freehold ownership options for foreigners, providing long-term value.
Integrated facilities: shopping mall, clubhouse, swimming pools, landscaped gardens.
Security-focused gated environment.

The development’s location means you can walk to Johor Bahru CIQ for quick access to Singapore, an unmatched convenience for cross-border living.

Can Singaporeans Buy Here?

Yes. Singaporeans can purchase property in Johor, including in R&F Princess Cove, under Malaysia’s foreign ownership rules. However, you must comply with:

Minimum purchase price of RM1 million for foreigners in Johor.
No purchase of low-cost or Bumiputera-reserved units.

If you own an HDB in Singapore, you must meet your Minimum Occupation Period (MOP) before buying overseas property. Private property owners have no such restriction.

Financing and Costs

Financing is available from both Malaysian and Singaporean banks, though foreigners typically get up to 70% of the property value in loans.

Ringgit loans protect against currency swings on repayments.
SGD loans avoid conversion fees but may carry slightly higher rates.

Additional costs include:

Stamp duty (1–3%).
Legal fees (0.5–1%).
Foreign ownership consent fees.
Annual quit rent and assessment tax.
Monthly maintenance fees (for condominiums).

Currency Exchange Tips for Buyers

The SGD is generally stronger than the MYR, but rates fluctuate. Savvy investors:

Lock favourable rates via forward contracts.
Maintain Malaysian accounts for rental income.

Use fintech platforms for low-fee transfers.

Strategic Location and Connectivity

R&F Princess Cove sits at the doorstep of major transport upgrades:

RTS Link: Launching soon, cutting JB–Singapore travel to 5 minutes.
Causeway upgrades for smoother traffic.
Potential High-Speed Rail (HSR) linking Singapore, JB, and Kuala Lumpur.

This proximity to transport hubs boosts property values and rental demand.

Lifestyle Advantages

Living here means:

Shopping at City Square, Mid Valley Southkey, and the on-site mall.
Access to healthcare at Gleneagles Medini and KPJ Johor.
International schools such as Marlborough College and Raffles American School.

A lower cost of living, dining, groceries, and services are significantly cheaper than in Singapore.

Safety and Property Management

Singaporeans buying in JB often choose gated communities for 24/7 security.
When residing abroad, property management is crucial:

Hire a trusted local agent to manage tenants and maintenance.
Install smart home security systems.
Review the developer’s track record for maintenance quality.

Taxes and Cross-Border Considerations

In Malaysia:

No annual property tax, but quit rent and assessment tax apply.
Real Property Gains Tax (RPGT) applies if selling within 5 years.

In Singapore:

Rental income from Malaysia must be declared to IRAS.

Your overseas property may impact loan eligibility for future purchases.

Investment Potential

R&F Princess Cove offers:

Rental yields of 4–6% in prime locations.
Strong demand for both long-term rentals and short-term stays.
Capital appreciation potential with the RTS Link completion.

A well-managed property here can generate steady income while holding long-term value.

Steps to Buying in JB

Research locations and visit projects.
Engage a reputable agent or developer.
Secure financing approval.
Apply for state consent.
Sign the Sale & Purchase Agreement.
Make staged payments.
Take possession and furnish.

Final Thoughts

For Singaporeans, buying at R&F Princess Cove is more than just owning a property, it’s securing a lifestyle upgrade with solid investment prospects. The combination of location, connectivity, and developer reputation makes it one of Johor Bahru’s most attractive projects.

Whether you’re seeking a weekend home, retirement retreat, or rental income stream, this development offers a balance of luxury, convenience, and long-term value.

FAQs

Can Singaporeans buy freehold property in Johor Bahru?

Yes, Singaporeans can purchase freehold property in Johor Bahru, provided it meets the state’s minimum price threshold and is not on restricted land.

What is the minimum purchase price for foreigners in Johor?

The minimum price is RM1 million per property for foreign buyers in Johor.

Can I use CPF to buy property in Malaysia?

No, CPF funds can only be used for properties in Singapore.

Is it better to buy in JB city or suburban areas?

City areas offer better connectivity and rental potential, while suburban areas often provide more space and a quieter environment.

Do I need the MM2H visa to buy property in Malaysia?

No, the MM2H visa is not required for purchase, but it offers benefits such as long-term stay options.

Conclusion

Buying a property in Johor Bahru can be a smart move for Singaporeans seeking more space, lower prices, or a second home across the Causeway. With infrastructure improvements, growing amenities, and attractive developments like R&F Princess Cove, JB offers strong lifestyle and investment potential.

Careful research, understanding of the rules, and choosing the right location will help ensure your purchase is both financially sound and personally rewarding.

Conclusion

Careful research, understanding of the rules, and choosing the right location will help ensure your purchase is both financially sound and personally rewarding.