LOCATION
Leisure Farm is located in zone B of Iskandar Malaysia. Currently it takes about 30 minute drive from Singapore Tuas check point to reach Leisure Farm main entrance mainly due to the route is going a big loop. But very soon, expected around mid 2018, the link road to expressway will be completed, and it will be a short distance after Malaysia check point. It will take around 15 minute drive via second link Tuas.
HIGH SPEED RAIL (HSR)
The Kuala Lumpur-Singapore High Speed Rail (HSR) is a strategic project between the Governments of Malaysia and Singapore that aims to facilitate seamless travel between the two capital cities, enhance business linkages, and connect the peoples of both countries closer together.
On July 19, a memorandum of understanding (MOU) was signed, which marks a significant step towards more detailed planning and the eventual construction of the 350km high-speed rail (HSR) link connecting Singapore and Kuala Lumpur. HSR is said to cut travelling time between the two cities to 90 minutes — as the trains will run at a top speed of more than 300kmh — and is targeted to be operational in 2026.
Between the two terminal stations at Bandar Malaysia in KL and Jurong East in Singapore, there are six intermediate stations in Malaysia that will be connected via a domestic service: in Putrajaya, Seremban, Ayer Keroh, Muar, Batu Pahat and Iskandar Puteri (formerly known as Nusajaya). Besides the non-stop HSR service between Singapore and KL, and the domestic service, there will be a shuttle service between Iskandar Puteri in Johor and Singapore.
Passengers will be able to clear customs, immigration and quarantine for both countries at their point of departure, with both governments co-locating these CIQ (customs, immigration and quarantine) facilities at three locations — Singapore, Iskandar Puteri and Kuala Lumpur. With HSR and the station at Iskandar Puteri offering a shuttle service to Singapore it is a matter of time that Iskandar will become the next best place to live.
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AMENITIES
Leisure Farm is surrounded by key amenities such as hospitals, shopping malls and international schools, etc. They can be reached within 30 minutes drive.
Neighbouring Leisure Farm are Bukit Indah area where Aeon and TESCO are 2 of the big groceries. It is also next to Educity which houses international and reputable schools, among others: Newcastle University Medicine Malaysia, Netherlands Maritime Institute of Technology, Raffles University Iskandar, University of Southampton, University of Reading Malaysia, Marlborough College Malaysia, Management Development Institute of Singapore, Raffles University, Johan Cruiff Institute. Medini is another neighbour of Leisure Farm where Legoland theme park and Gleneagles hospital are within reach in minutes drive. Puteri Harbour is also a short distance away.
The future HSR is within 3 km from Leisure Farm main entrance, adding into the value of the estate.
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FACILITIES
Leisure Farm pampers its residents with the state of the art facilities. These include the impressive Balé Equestrian & Country Club where family can dine the sumptuous delicacy, friends hang out in the bar, children enjoy the swimming pool and ride horse, couple enjoy a sauntering walk or tranquil meditation in the Kayu Manis orchard. Leisure Farm also house the 36 hole Porresia Golf Club.
To serve its residents better Leisure Farm provide one stop customer service at its sales gallery D'Rimbunan. Leisure Farm residents are able to pay maintenance and utility bills, lodge complaints, arrange for housekeeping and landscape service, ride free shuttle service for shopping, request transport arrangement, and enjoy future convenience store and kindergarten.
Balé Equestrian & Country Club
Swimming Pool. Gym. Tennis Court. Pilates Studio. Children's Playground. Horse Riding. Bar & Restaurant.
Porresia Golf & Country Club
A 36-holes championship golf facilities
D'Rimbunan - One Stop Customer Service
Pay maintenance and utility bills, lodge complaints, arrange for housekeeping and landscape service, ride free shuttle service for shopping, request transport arrangement, and enjoy future convenience store and kindergarten.
LEISURE FARM HOMES
Leisure Farm has 7 precincts to house different types of home, i.e. luxury villas, bungalows, semi detached houses, town houses and terraces. The 7 precincts are individual cluster with their own gates.
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Gallery of Houses
Tenure: FREEHOLD
House #26
Type: Semi D House
Land Area: 4741 sqft
Built Up Area: 3721 sqft
Condition: Vacant
New Promo Price for a Limited Time, CONTACT US
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House #24
Type: Semi D House
Land Area: 4741 sqft
Built Up Area: 3721 sqft
Condition: Fully furnished by Interior Designer
New Promo Price for a Limited Time, CONTACT US
Click picture to enlarge
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House #29
Type: Bungalow
Land Area: 7218 sqft
Built Up Area: 4272 sqft
Condition: Fully furnished by Interior Designer
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House #1
Type: Bungalow
Land Area: 10,117 sqft
Built Up Area: 6,801 sqft
Condition: Vacant
New Promo Price for a Limited Time, CONTACT US
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House #11
Type: Luxury Villa (Black on White)
Land Area: 24,806 sqft
Built Up Area: 9,662 sqft
Condition: Fully furnished by Interior Designer
New Promo Price for a Limited Time, CONTACT US
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House #12
Type: Luxury Villa (Bridge)
Land Area: 45,444 sqft
Built Up Area: 12,319 sqft
Condition: Fully furnished by Interior Designer
New Promo Price for a Limited Time, CONTACT US
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Summary of Bungalows and Semi D Houses at Leisure Farm
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Summary of Resident Nationality at Leisure Farm
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About Mulpha Company
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Property prices in Iskandar Malaysia hold steady in a mixed market
By Ryan Khoo, Samuel Tan / Alpha Marketing, KGV International, The Edge Property | December 30, 2015 10:00 AM MYT
Property prices in Iskandar Malaysia are holding steady, according to data from KGV International Property Consultants, a property valuation firm based in Johor Baru. This is in line with data from the Malaysian National Property Information Centre and Valuation and Property Services Department, where the housing price index for Johor has remained flattish for the past year.
Chart
Source: NAPIC
For residential property, it is currently operating in a two-tier market. The luxury high-rise segment is struggling and this is the segment that primarily targets Singaporeans and Malaysians working in Singapore. On the other hand, the mass market segment is seeing robust transaction activity with price increases seen in some areas. Young Malaysians are seeking to get onto the property ladder and with a young median age in Malaysia, the demand for mass market homes is strong. Affordability, however, means that many locals can only afford to purchase homes in the RM500,000 ($163,321) to RM600,000 price range. This does not overlap the luxury high-rise segment, which is now suffering and with which the Singapore public and media tend to be more familiar. Transaction data in 1H2014 shows that only 17% of property transactions in Johor were at values above RM500,000, which is significant but not representative of the entire market.
Moving forward, the property market will be encouraged by population growth, driven by continued business investments and job creation. Iskandar Malaysia’s population has grown to an estimated 1.6 million to 1.8 million in 2015 from 1.3 million in 2010. Recently, Johor has seen an influx of multinationals expanding or relocating here, owing to the ease of doing business, weaker ringgit and proximity to Singapore. Many Singapore-based MNCs, unable to expand because of the high cost and lack of options in the city state, are looking at the next best thing, which is an expansion of operations in nearby Iskandar Malaysia. Examples include Microsoft announcing that it will develop a data centre in Sedenak, Coca-Cola relocating from Tuas to Iskandar Malaysia and China’s Alibaba reportedly looking to start a logistics hub in Johor. Fuji Oil Asia announced in September that it will build a food products plant in Iskandar Malaysia to support its long-time client, chocolate maker Hershey’s. The plant will be operational in 2016. Eternal Materials Co, a Taiwanese synthetic polymers manufacturer, will be setting up a new manufacturing facility to be operational by 2017. Italy’s Unigra announced in October that it will open a food oils and fats production facility in Johor. There have also been various announcements by Korean, Chinese, Russian, US and Japanese MNCs to set up their facilities in Johor. We expect 1Q2016 to be a busy period as Ascendas’ Nusajaya Tech Park opens its doors and some 20 manufacturers start their operations there.
It is a buyer’s market
The slowdown in property prices in 2015 compared with the boom year of 2013 (transactions in 1H2015 fell 14.6% in volume and 31.5% in value compared with 1H2014) is attributed to the plethora of choices that have now come onto market. Buyers today are spoilt for choice, whether in the primary or secondary market. Property developers have become more creative in their marketing activities and more discounts are on offer. Various activities and events are happening every weekend across Johor Baru, enticing buyers to come over and see what is on offer. Despite the slowdown, it is important to remember that many developers are still flush with cash from the earlier boom years and the risk of non-completion is low, considering that many developers in Malaysia today are in a much better financial position, with relatively low gearing and foreign debt, unlike during the 1997 Asian financial crisis.
With high employment rates in Malaysia and Singapore, large-scale fire sales are not expected at this point. Even in the higher-end segment, many property owners are Singapore dollar earners and have holding power. But with high household debt in Malaysia and Singapore, consumers’ ability to take on more property deals as investments is doubtful. Only demand from genuine homeowners will be constant and that is where you will see the mass market home segment perform in Malaysia. The residential property market will likely remain in this stagnant two-tier environment until there is a significant change in market conditions.
Looking for catalysts in 2016
Optimists are looking forward to the upcoming high-speed rail and rapid transit system announcements in 2016 to drive up market sentiment. The sites for HSR in Singapore and Iskandar Malaysia have been identified, with Singapore’s Land Transport Authority and Malaysia’s Land Public Transport Commission showing progress in the construction planning. The start of the physical works by end-2016 will give the Iskandar Malaysia property market a big confidence boost.
Pessimists point to the weak global economy and political uncertainty in Malaysia as reasons to hold back. The high incoming residential supply (until 2018) in Singapore and Iskandar Malaysia also weigh upon any possibility of a quick recovery. Savvy investors may, however, consider the bad environment as the start of a bargain-hunting phase and prepare themselves to take positions.
This article appeared in The Edge Property Pullout, Issue 709 (December 28, 2015) of The Edge Singapore.