Leisure Farm Community

[Oscar8879829]

Hi all bro and sis, bayou water village corner terrace and semi D for sales... What's app me at 0167481210 if interested.. Cheers.

 

[penpen]

Hi hi,

Anyone commuting daily in and out of Singapore from leisure farm with their little ones?

I thinking of moving to bayou creek when its ready next yr and commute daily. Last Thurs around 8pm, i was travelling into
Singapore via second link and v surprised to see a long tail of cars queuing at the msian customs to enter johor. Is this normal?

Thanks for sharing...

 

[Market]

Heard that Bayou Creek phase 2 will be launching in Dec 2013. Price seem to be keeping up with rest of Iskandar region as well.

 

[Valdez]

Heard that Bayou Creek phase 2 will be launching in Dec 2013. Price seem to be keeping up with rest of Iskandar region as well.

Offered to LF residents first. Semi dee 2.8 million bungalow 4.8 to 5.5 million. 20 plus units only.

 

[Investor]

Offered to LF residents first. Semi dee 2.8 million bungalow 4.8 to 5.5 million. 20 plus units only.

Hi Valdez,

Do you know the land area and built-up area?

 

[Valdez]

Hi Valdez,

Do you know the land area and built-up area?

For the semi dee the size is 3800 sq feet and bungalow 5000 sq feet

 

[Investor]

For the semi dee the size is 3800 sq feet and bungalow 5000 sq feet

Thank you, what about their land sizes?

 

[Valdez]

Thank you, what about their land sizes?

Semi dee 3200 sq feet bungalow 4500 to 6000 sq feet

 

[IskandarRocks]

Semi dee 3200 sq feet bungalow 4500 to 6000 sq feet

You mean land size starts from 4500 sft and price start at RM 4.8M? Have they actually sold any units? That really expensive for that kind of land size.

 

[potter]

You mean land size starts from 4500 sft and price start at RM 4.8M? Have they actually sold any units? That really expensive for that kind of land size.

Ya. 8 times more ex liao

 

[IskandarRocks]

Ya. 8 times more ex liao

Sounds about right. :-)

 

[Daydreamer]

You mean land size starts from 4500 sft and price start at RM 4.8M? Have they actually sold any units? That really expensive for that kind of land size.

Agreed with you mate. We've got a text from the LF sales office asking for RM2.9mil for a semi-detach.

I immediately.... and rejected it. RM2mil is acceptable.

 

[IskandarRocks]

Agreed with you mate. We've got a text from the LF sales office asking for RM2.9mil for a semi-detach.

I immediately.... and rejected it. RM2mil is acceptable.

I was told by LF sales that SemiDs will be launched next week to public starting at 2.86M.

Bungalows will be launched next year, estimated starting at 4.4M, but not confirmed yet. Still, over the top, future pricing. A few of EL Phase 4b bungalows are still available at around 3.9M. Land size is much bigger, 8xxx sft.

I found a video on the Bayou Creek Phase 1 status on September 1. Note that the date in the video seems incorrect:

http://m.youtube.com/watch?v=yVsaizL1gZM&desktop_uri=/watch?v=yVsaizL1gZM

 

[Valdez]

I was told by LF sales that SemiDs will be launched next week to public starting at 2.86M.

Bungalows will be launched next year, estimated starting at 4.4M, but not confirmed yet. Still, over the top, future pricing. A few of EL Phase 4b bungalows are still available at around 3.9M. Land size is much bigger, 8xxx sft.

I found a video on the Bayou Creek Phase 1 status on September 1. Note that the date in the video seems incorrect:

http://m.youtube.com/watch?v=yVsaizL1gZM&desktop_uri=/watch?v=yVsaizL1gZM

The reason why prices have gone up due to some exciting announcements regarding transport link and uem announcing soon their plans regarding gerbang nusajaya which is directly opposite leisure farm. Will look very cheap in 5 years time

 

[Market]

The reason why prices have gone up due to some exciting announcements regarding transport link and uem announcing soon their plans regarding gerbang nusajaya which is directly opposite leisure farm. Will look very cheap in 5 years time

Any idea what announcements will UEM be making?
Currently, the China Mall and race tracks + residential developments have been announced.

 

[IskandarRocks]

The reason why prices have gone up due to some exciting announcements regarding transport link and uem announcing soon their plans regarding gerbang nusajaya which is directly opposite leisure farm. Will look very cheap in 5 years time

Does anyone know how many of the 16 semids released sold so far?

 

[cow138]

The Leisure farm development really knows how to do the marketing of their houses.

Limited release and controlled pricing together with balloting schemes just goes towards preserving the exclusivity of the estate.

Tough for potential buyers but hats off to the marketing team. That's the way to entice Singaporean and foreign buyers into Johor.

UEM and other mass market developers should learn a thing or two.

 

[Valdez]

Any idea what announcements will UEM be making?
Currently, the China Mall and race tracks + residential developments have been announced.

Mixed developments and 3 interchanges

 

[Market]

Mixed developments and 3 interchanges

Thanks Valdez.
Seen the plans for the mixed developments. Will definitely add more value to the surrounding area.
How do you define interchanges?
Bus/train interchange?

 

[IskandarRocks]

The Leisure farm development really knows how to do the marketing of their houses.

Limited release and controlled pricing together with balloting schemes just goes towards preserving the exclusivity of the estate.

Tough for potential buyers but hats off to the marketing team. That's the way to entice Singaporean and foreign buyers into Johor.

UEM and other mass market developers should learn a thing or two.

Leisure Farm and UEM, in Iskandar, are completely different animals with a different vision, mission, and strategy.

Leisure Farm (Mulpha) is positioned as high end real estate. Their mission is to maximise the value of their owned land bank, without much control into what happens around it. In a region that has become a favourite of investors, and prices are going up, it is in their interest to release limited real estate into market and keep waiting until prices rise further to sell off the limited land bank they own. They will continue to free ride on all of the catalytic developments created by UEM.

UEM, on the other hand, are the master developers of Nusajaya. They are perhaps the largest land owners. It is in their interest to get the area populated so that Iskandar becomes successful. They offer real estate at all price ranges (Nusa Bayou to East Ledang). Be it entry level, like Nusa Bayou or high end, like East Ledang, they are trying to keep their prices reasonable and release as many units they can sustain so that more people can buy and start living, in the process create critical mass for businesses to come in. So far, I must say they have done a darn good job. I have been going to Nusajaya quite frequently since early 2011 and I can see that the place is shaping up quite nicely. Shops, Restaurants, Hotels, Mall, Schools, Colleges, internationally diverse communities, businesses, have all come up within these 3 years and that's incredible.

So, in a nutshell, here is what I can conclude about an organization like UEM:
- there focus is more on the success of Iskandar and creating a lively community, not just make money on real estate
- being a government linked organization, they cannot be seen as a company that is jacking up real estate prices and contributing to a bubble, so they cannot be price leaders. Their price increases have to be slow and sustainable and in tandem with material costs, etc, that may be justified
- right now, they are making tons of money from land sales to other developers so they can very well afford to keep their real estate prices reasonable and let it sell itself