Jon, Long time since I have caught upwith this thread. Congrats on yournew addition. How many is that? First? Also, I sold my Singapore house and am building in Leisure Farm as well as having place here as pied a terre. Checked all the options but ended up finding that LF has the best quality living environment and the best investment potential longer term. Proximity to Singapore will be worth a lot when it comes to living or selling. LF will be the closest and highest quality development with the largest average plot size. It helps when I hear that many of the plots are owned by Singapore MPs. Sort of favours the argument that the whole IDR thing will come off. Danga Bay too crowded and to near JB. Let me know if you decide to proceed. Will be looking to find some Mal registered cars to put in garage, as well as my Singapore cars. FF
Depends where you buy. They closed them this year at RM$45/sq ft for land under one acre and are holding to open again next year at RM$75/sq ft. Considering they were only RM$20 something a few years or so back before IDR announced it is doing OK. Certainly not Singapore leaps though. LF are in midst of doing a large upgrade of roads and fences etc and are looking at the development of the hotel (Aman resort style I gather) and direct connector road to main second link to Singapore. Next few years will see a transformation as it is now viable for the landowners to capitalise their property with buildings of the right style and size. Shops and business area a bit of a way off yet I expect. There is one area called Admiralty Heights which has not been released but will have views back over mangoves/water towards Singapore. That would be a good place to buy if you get the right plot. You can't look at LF as a short term investment. It is a 10 year trick but one that will give you the only chance to live on one or half an acre within 25min of a major international city. There is no other major city in the world that allows you to do that unless you are looking at many millions of $$$. Bring on the IDR - bring on 6.5m people in Singapore - bring on the IR's. I will be minutes away with tons of space. (PS apologies for the long answer)
I gather it will be RM$75sq ft when they open up sales again next year. I am sure this will vary for the different plots - i.e. if you take one of the remaining 1 acre plots you could get them for a lot less per sq ft.
I was looking through youtube when i was shocked by, http://www.youtube.com/watch?v=UovB1UjaPX8, the thing that shock me was his last words, all Reventon has been sold!! is that it's 1st reveal or tour??
hi mate, they are still selling plots now right? which part of LF do you recommend and where did you buy? so far any complains? sites for sale are available for physical viewing?? thanks in advance.
Yeah, I know the owner of that Murcie in UK. He wasn't impressed with the punishment though. He spent more than 11K pounds or US dollars to fix the damage done by that idiot who ran over it. I would hire a hitman to cripple anyone who does it on mine so he can spend the rest of his life on a wheelchair repenting his moment of fool. Still want to do it. Huh?
Shall we go over tomorrow morning? I have the deposit in my bag for the last month. Wanted the Bayou water village, strata of terraces, Bungalows & SD with facilities & an infinity pool. Wanted to buy a pair of Semi-Ds & convert to a bungalow (less than S$800K). Built over a stream with coconut trees, Balinese architecture & lifestyle @ 40mins drive from my home (was thinking of buying a Villa in Bali for US$500K last yr). Unfortunately, almost all sold by now & Mrs don't like Malaysia It's not bad as FF said. Double gated community with Gurkhas so it feels really private & secured. Developer is wealthy & does a lot of projects in Australia. Unfortunately, this is the "Chinese" zone so the highway is not developed exactly next to it while the right hand plot being Muslim owned, has all the right infrastructures. I'm buying it as a spare for retirement, mum or holiday house. Oh well, otherwise you can still buy an acre or a few. Heard a Swiss guy bought 3 lots & building a large Balinese house there while another Sg investor bought 5 lots to build 5 houses+central pool for his extended family. Imagine having a 200,000 Sqft land.....for less than S$5mil. fenced & patrolled. Anyway, there's Leaden Heights & several other projects around that sector. But, buy this with spare cash & prepare to expire them should any yo-yo policy happens again which happened several times in history. I won't expect any returns such as rental or even capital gain unlike Sg, KL or Bangkok. The IDR is an ambitious project. The central govt needs to re-op their taxation, banking, transparency & red tapes to attract investors & population growth. Some of my properties doing 6-7% return here now & 30-70% paper gain. Only major cities with sound economy give you such returns.
Unlikely FF. Heard the sales told me they're still selling RM30+ p/sf while top area in JB is still @ 100+/- now, something which didn't move for the past few years. But my developer friend there did say he expect a surge in value like Sg soon. LF has been selling those land for more than 10yrs now & value did increase slightly over the decade.
That's my 2nd sir. Good to hear you're investing there as we might just be neighbours so, you're staying put here for good I guess? My friend bought a classic car here & left it there to drive around whenever he pleases. I would prefer to buy locals since they don't do inspections or heavy taxes. J
Almost became his direct neighbour when he just moved in! But figured he would be eyeing the women @ home so NO That was when Danga Bay was just a stretch of casurina trees but his property value didn't really raised till date!
Latest advice is that they are selling but atteh 2008 price - around RM75sqft for the water water village area opposite the cluster houses. Re- "Heard a Swiss guy bought 3 lots & building a large Balinese house there while another Sg investor bought 5 lots to build 5 houses+central pool for his extended family." SF - this swiss guys bought on eblock many eyars ago and then realised that it was not enough so bought one next door. Only one acre in total but right next to me. I have 0.6 acre but in the best precinct - Polo View. Apparently one of the directors of SingaporeGP bought next door to me - which be good. That will make three car nuts within 100m as another italian car nut friend of mine lives just up the road and commutes to Singapore everyday. A lot of plots have gone to wealthy Dubai-ans - one bought 4 acres and built 4 bungalows with orchard in front in very modern style. A lot ofthe big money families in Singapore have bought 1 or 2 acres in LF and are sitting on them - not developing yet. There is huge interest there now - you can tell by the number of people viewing each wekkend and even during the week. My feeling is that it is unwise to buy too big a plot as it will be harder to unload in future. Although it is tempting to do the acre. If I was happy tying up a lot of cash in a long term investment (and not using it in Singapore to make faster gains over the next few years) I would get two 1/2 acre plots and develop them as one but with the house layout on one so that it can be subdivided later for resale. That said, we are buying so that we have a large weekend villa for the next few years and then somewhere to live when we don't need to do the morning/night commute to school/swimming/tennis/etc etc every day. As such, keep Singapore apartment and have the big Malaysian spread to relax in.
Jon, would love to but I have to mind kids whilst my wie does the Ladies Triathlon. Maybe next week if I get my car back. FF
Triathlon! Jeez I can't even complete my 2.4 Anyway, if you don't mind. I have an empty 7seater to bring everybody over & I'm free before noon.
