Leisure Farm, Nusajaya
Leisure Farm (also known as Leisure Farm Resort Residence) is a freehold landed housing estate (with some bungalow land plots) located in Nusajaya, Johor Bahru. It comprises Admiral Heights, Bayou Bay, Bayou Creek, Bayou Grove, Bayou Water Village, Canal Park, Garden Court, Merbok Springs, Palm Grove, Pinggiran Bayou and Victoria Meadows. The built-up available at this project is 3,721 sf to 4,800 sf for houses. It was developed by Mulpha International Bhd.
Mulpha International Bhd is a medium-scale property developer listed on Bursa Malaysia, and it has built about 13 property projects in Malaysia. Other similar projects by the same developer are Bayou Bay, Bayou Creek, Bayou Grove, Bayou Water Village, Canal Park, Garden Court, Merbok Springs, Pinggiran Bayou, Raintree Residence and Victoria Meadows.
This landed housing estate (with some bungalow land plots) is not very ideal for own stay or investment, as it has no amenities around.
The current market prices for Leisure Farm are from RM2,310,000 to RM5,180,000 (about RM1,080 psf) for houses; while the monthly rentals are from RM2,000 to RM4,500 (about RM1.35 psf) for houses. The highest median price psf ever recorded was RM1,000 psf in Q3 2013 (House) and RM124 psf in Q1 2018 (Land); while the lowest one was RM125 psf in Q2 2017 (House) and RM95 psf in Q2 2019 (Land).
The current rental yield of Leisure Farm is 3.72% for houses. The highest rental yield ever recorded was 5.0% in Q4 2014 (House); while the lowest one was 2.36% in Q2 2018 (House). Meanwhile, the most common unit layouts and sizes available here are as follows:
The most popular layout and size combination at Leisure Farm for houses is 4-bedroom / 4,800 sf with a median price of RM1,080 psf. For price wise, the most expensive one is 4-bedroom / 4,800 sf with a median price of RM1,080 psf; while the cheapest one is 4-bedroom / 3,721 sf with a median price of RM620 psf.
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