Johor move to cool down property market | Free Malaysia Today

Many would have been aware of this, but in case if you've not heard about recent cooling measures in Johor, the government will be imposing processing fees of 4% and 5% of the property value starting next year. This is a dramatic increase from current fee of RM10K.

Another measure is in limiting the number of foreign ownership. “Local buyers will not be able to transfer ownership of their units to foreigners once the 30 per cent quota (for foreigners) has been filled. These are just some of the steps that the state government will be introducing to safeguard the interests of locals,” Johor’s State Housing and Local Government Committee Chairman Abdul Latiff Bandi said.

We do feel that the property market has started to slow down, partly also due to financing issues faced by many interested buyers. Banks are more strict in giving out loans and the cash over valuation amount is quite significant, hence only cash rich investors would be able to invest.

The next wave could be when Educity, Pinewood etc open up, let's see what the future entails :)

Johor move to cool down property market | Free Malaysia Today

Bayou Grove Court Villa @ Leisure Farm

A beautiful court villa in Leisure Farm for sale.

About the location:
a) Situated on the outskirts of the fast growing Iskandar regional development project with US$100 billion investment planned over next 15 years
b) Easy Commute to Singapore located 15 minutes to the border and 50 minutes to Singapore's Financial District
c) 15 minutes away from renowned UK school Marlborough College which opens in August 2012
d) 15 minutes away from Puteri Harbour, a waterfront and marina development, location of planned ferry service direct to Singapore
e) 2 minutes away from 36 hole golf course (Japanese owned and managed) situated within the Leisure Farm Compound
f) 2 minutes away from an equestrian club/stables within the Leisure Farm Compound

Property itself consists of 5800 square foot of built up area with an additional land area of 6400 square foot and the unique 'courtyard design' has been featured on the cover of several property magazines

Details
Project Name:Bayou grove-leisure farm-court villa
Property Type:Landed
Price: SGD1.9M
Land Area: 5800 built up/6400 land
Furnished:Fully furnished
Tenure: Freehold

Features
Corner UnitPark / Greenery ViewRenovatedGround Floor

Fixtures & Fittings
Air conditioningBathtubCooker Hob/HoodIntercomJacuzziWater Heater
Indoor / Outdoor Space
Balcony
Maidsroom
Outdoor Patio
Private Garden
Terrace
Walk-in-wardrobe


For anyone who is interested to find out more about this property, please feel free to drop me a message. Have a great evening!

2 Storeys Bungalow in Ledang Heights for Sale

For anyone who's looking for bungalow in Ledang Heights, I came to know of this unit for sale. The house is still under renovation but it should be completed soon.

Description of the home:
• 2 storey bungalow
• Land size: 8,748sqf
• Built up: 3,368sqf
• Fully furnished to a high specification
• 4 + 1 bedrooms
• Gated community with 24h security
• Club house (membership required)
• Neighbourhood Shopping Centre
• Park (with central lake)

Images of the house interior design:
The owner is asking for RM2.6mil negotiable with 2 years tenancy agreement.

A brief description of Ledang Heights:

Ledang Heights is an exclusive bungalow only enclave located in the prime residential area of Nusajaya. Designed and laid out to make the most of the 360 acres of rolling hills on which it is located, Ledang Heights offers generous plot sizes to build your desired palatial home. Spaciousness is a definitive feature of Ledang Heights with its picturesque lake vistas and lush green central park while its 24-hour security creates a sanctuary for your total peace of mind. Its unbeatable location makes it only a 30 minute drive from downtown Singapore.

Location:
-10 mins after Johor 2nd Link Immigration Custom Complex
-2 mins to New Johor State Goverment Administrative office(Kota Iskandar)
-3 mins to Mydin and Anjung (Supermarket and food court)
-5 mins to Puteri Harbour Centre
-5 mins to EduCity university
-15 mins to Bukit Indah Jusco, Tesco and Giant
-10 mins to Columbia Hospital and more
-5 mins to Marlborough College


Please feel free to drop a note if you're interested in finding more information about this bungalow. Have a great Sunday Evening!

Ledang Heights Bungalow Back in Market

This Ledang Heights bungalow is back in market for sale (with 2 years rental).

Beautiful villa and family home with 6 large bedrooms plus a maid room, 2 modern kitchens, open living & dinning, 8 bathrooms and a large outdoor entertainment area with swimming pool, bar, bbq etc.
• 2 storey bungalow
• Lot size: 10,000 sqf
• Built up: 4,900 sqf
• Fully furnished to a high specification
• 7 bedrooms
• 8 Bathrooms
• Gated community with 24h security
• Club house (membership required)
• Neighbourhood Shopping Centre
• Park (with central lake)

For for those interested, please feel free to contact us via the contact form.

Malaysia Real Estate Prices & Rentals Stabilising

This is a very interesting article which gives good insights into Malaysian real estate market. The article makes no mention of East Ledang, Ledang Heights and Leisure Farm which have seen property prices skyrocketed due to influx of foreign buyers.

"Johor's property market performed well last year, with 52,946 transactions worth RM17.1bil. Compared with 2010, Johor's property market volume and value increased by 9.1% and 44.6% respectively. The report says Johor's residential property prices are generally stable with instances of mixed performance.

Single-storey terraced houses within areas in Johor such as Taman Puteri Wangsa, Taman Ungku Tun Aminah, Taman Bukit Indah and Taman Perling see price increases of 2.9% to 11.1%, with prices ranging from RM125,000 to RM220,000. Houses in areas within Nusajaya such as Taman Nusa Idaman and Horizon Hills record price increases of 6.4% to 9.1%, with prices ranging from RM392,000 to RM448,000".

Read more Prices, rentals stabilising

Johor property market may face oversupply in the longer term

With the spate of big-ticket projects being launched in and around Johor's Iskandar region, such as Iskandar Waterfront Holdings Bhd's RM80bil transformation of the coastline fronting Singapore, there are concerns that a glut could emerge in the state's property market down the line.
Wow, East Ledang semi-detached house sold for record RM1.6M.


Johor property market may face oversupply in the longer term