Leisure Farm Resort Residence, Iskandar Puteri
Leisure Farm Resort Residence is an exclusive freehold gated residential resort development located in Iskandar Malaysia, Gelang Patah, which is centrally located within Nusajaya. It is also strategically located with Singapore and Johor Bahru being a short drive away. The developer is the established conglomerate, Mulpha International. The development of Leisure Farm Resort Residences started in 1992 and it is estimated that it would only be completed in 2025.
Leisure Farm Resort Residences is an 1,765-acre development split into 12 precincts which aim to provide a comfortable abode along with eco-friendly surroundings. There are seven bungalow plot precincts within Leisure Farm Resort Residences encompassing some 1,000 acres; namely Merbok Springs, Victoria Meadows, Palm Grove, Admiral Heights, Palm View, Bayou Bay and Bayou Grove. The bungalow plots in the seven mentioned precincts vary from 1/8th of an acre to one acre in size. The remaining five precincts encompass the developer’s strata-titled properties which are namely, Bayou Water Village, Bayou Creek, Garden Court, Link 25 and Pinggiran Bayou.
Leisure Farm Resort Residences saw to the addition of a total of 213 low-rise 2-storey units that make up Bayou Water Village spread over 22 acres which were launched in 2006. Garden Court comprises of 82 units of 2-storey village homes which were sold out in 2004. There are 25 units of golf view double-storey zero-lot bungalows located within Link 25, each having a gross built-up area of 3,000 sf to 3,800 sf. Each unit has a lotus pond and an infinity pool. Pinggiran Bayou consists of 122 units of strata-titled water-front village homes launched in 2003 with an average built-up of 2,000 sf and priced from RM472,000 to RM570,000 at launch.
Leisure Farm Resort's latest development is that of Bayou Creek, more specifically Precint 7. There are to be a total of 130 bungalows and 202 semi-detached houses in Bayou Creek Precint 7, chalking up to a total of 332 units. The first phase (Phase 7A) of the launch in July 2011 offers 96 units; 46 bungalows and 50 semi-detached units. The prices at the launch of these units start from RM1.56 million for the semi-detached units and RM2.35 million for the bungalows. The next phase (phase 7B) will be launched in October 2013, which will include 57 semi-detached units and bungalow units.
Leisure Farm Resort Residences which is situated in Johor is one of the states in Malaysia with the highest crime rates, therefore security would and should be a prime concern. The location is patrolled 24 hours by ex-Nepalese army guards 24/7 equipped with state-of-the-art systems and surveillance. A police station is located by the main entrance to the development. It is also one of the first double-gated residential developments in Malaysia.
The facilities located within Leisure Farm are extensive to say the least. The grounds boasts a RM13 million to build, 32,000 sf clubhouse, 23-acre Bale Equestrian and Country Club, 36-hole championship Porresia Golf Course which stretches over 280 acres, a natural mangrove forest, 50 acres of orchard and plantation including the award-winning 22-acre Kayu Manis Orchard and Nursery. There are four community parks, 11 themed gardens, and barbecue areas scattered around. Every single amenity you would expect from a resort can be found within the gated community of Leisure Farm, which is after all meant to be a resort residence.
For everyday shopping, residents in Leisure Farm generally frequent three areas; Bukit Indah, Nusa Bestari and Perling. There is an AEON Jusco and Tesco located in Bukit Indah, Giant in Nusa Bestari, Carrefour in Sutera Mall and Perling Mall in Taman Perling. They are not exactly a stone’s throw away but it’s the price you pay for the perks you get for living within a resort residence. Columbia Asia Hospital is the first hospital within Nusajaya, and would be your go-to hospital in case of an emergency. Major banks such as Citi, RBS and Standard Chartered are reported to be opening their offices in Iskandar in the near future. In terms of education, Iskandar Malaysia has EduCity to offer to its residents as it is conveniently located within the same district. It is a fully integrated education hub that was listed as one of the projects in Malaysia’s Economic Transformation Programme.
In terms of transport, Leisure Farm residents report it would take a 15 minute drive to reach the nearest town, which is Nusa Perintis. As Leisure Farm is conveniently connected to the Second Link Expressway, it is easily accessible from Singapore, Johor Bahru, the Senai Airport and the Johor New State Administration Centre via an extensive network of highways. To reach the Singapore-Malaysian border would take a 20 minute drive. Senai Airport is a 25-minute drive away, whereas the Columbia Asia Hospital is an 18 minute drive away. Unfortunately, there is no public transport to speak of within Leisure Farm. However, Gelang Patah town does have a bus station where buses to Singapore leave frequently, and taxis can take you to and from the bus station.
Mulpha International is an established conglomerate which is listed in the Main Market of Bursa Malaysia Securities Berhad with a shareholder’s fund in excess of RM 2.4 billion. The crown jewel for Mulpha International in terms of developments can be none other than the Hayman Great Barrier Reef in Australia which has over time, come to be the most celebrated private island destination in Australia.
The master plan for Leisure Farm Resort Residences was guided by Sanctuary Cove Covenant’s planning guidelines, which is Mulpha International’s sister development of 474 hectares of high-end residential resort located in Gold Coast, Australia. With a track record of this calibre, it is hard to downplay the driving force behind the management and development of Leisure Farm Resort.
However in January 2012, Mulpha International Berhad received a reprimand from the Securities Commission for being inconsistent in the way it allocated a number of excess rights shares to what was disclosed in the abridged prospectus. As a result, an uproar ensued in the shares market as volume for its shares surged up to 6.5 million shares traded by the end of the day. Although the ethicality of the developers’ corporate practices is to be questioned, there is no doubt in their ability in terms of developing properties.
The company also made the news in 29th July 2013 as 10 pre-selected bungalow lots located within Leisure Farm Resort was sold out in an auction with overwhelming response. It is estimated that by its completion in 2025, there would be 30,000 residents residing within the grounds of Leisure Farm. Iskandar Malaysia is also earmarked for rapid growth under the 9th Malaysia Plan, therefore making properties in the area a prime investment candidate.
One of the prime concerns for townsfolk would be traffic conditions, and residents are happy to report that traffic is generally smooth within the community, but jams at the CIQ complex is inevitable for the daily commuters to Singapore. Although the public transport system within the area is currently measly at best, the 9th Malaysia Plan sees to the development of the infrastructure within the area with the construction of both MRT (Mass Rapid Transits) to be implemented by 2015 and LRT (Light Rail Transit) by 2020. A total of 85km of transit rails are to be built under the proposed development, which would prove to be an immense improvement to the infrastructure within the area.
If you’re thinking about buying Leisure Farm Properties because you love the concept and is indeed a nature-lover, then purchases near the launch price would be a bargain for you. For investment purposes however; despite that there are reportedly a lot of bungalow plots sold already, netizens report that there is simply “a lot of grass growing everywhere”, suggesting that it was speculators whom bought the plots in hopes of turning a profit selling the land to expatriates.