That is because those invested in solid properties, land or landed properties in the past, there is no denying that this class of property would succeed anywhere in the world but condos in Johor? Yes sure you cannot deny that there would be an upward trend but there would also be a strong downward push due to maintenance issues and non occupancy for investors and high interest rates which eat into your so called profits and CA.
In Singapore, someone already did a rough calculation, if you own an HDB and rent out for 99 years you get back something like a couple of a million, so who cares if the lease runs out in 99 years to nothing?
Your thinking and logic and unable to see the difference in property investment would not make you a good investor.