In my opinion the pool is the best part of the project. The units are ok but the pool is amazing. The location is pretty good too – there are quite a few shops surrounding the area (and with a Giant and Tesco right across the street).
Rents range from 2,000 MYR/month to 3,000 MYR/month (for 820 to 1,500 square feet) which is less than a few years ago. Purchase prices range from 600,000 to 800,000 MYR (for 1,100 to 1,500 square feet units).
At current exchange rates US$ 500 is a bit more than MYR 2,000. The Malaysian Ringit has collapsed over the last 3 years. The exchange rate used to be US$1 < 3 MYR (about 3 years ago). Now it is $1 > 4 MYR (and the MYR recently has gained back a bit of the lost ground – it reached a high of almost 4.5 MYR for $1.
In addition to that factor, the oversupply of higher end condo units has great increased – as we predicted. It was easy to predict given the massive supply that was being built. This has resulted in great bargins for renters. These are some options available now online. Don’t be affraid to bargain, the market is very much in the favor of renters at this time.
This list provides a view of how much is available at the under $500 a month market. And there are many other options as well as many available for not much more that could be bargined down to something similar. It is a renters market in Johor Bahru.
The newest condos have plenty of very small units (under 800 square feet). But as you can see you can get much larger units if you wish for good prices. And you can find many options for rental condos between 2,000 MYR/month and 3,500/month (especially when you realize how much you can bargain down rates. Some units won’t negotiate the rates (and those that have set more reasonable rates have less room to negotiate). If you find something you like that is a bargain for you, be happy with finding a good home.
3 bedroom and 2 bathroom condo for Idaman Residence @Nusa Idaman (Nusajaya) for rent @ RM 2200/month. The condo offers typical features of the 24 hour gated and guarded condos in Johor Bahru: covered parking, gymnasium, jogging track, playground and swimming pool.
All of the bedrooms come with a bed (double for master and room 2, single for room 3), wardrobe and computer desk.
Living area comes with 2 sofas, coffee table, tv cabinet, 4 seat dining table, fridge and washing machine.
All rooms include fan and air conditioning. Both bathrooms equipped with water heater system.
The unit includes 1 carpark (additional carpark can be obtained at RM90 a month. For viewing (more photos are also available) please call Gunaseelan +601126977673 or Izwan (owner) +60122538906.
Address: Nusajaya Centre, 8, Persiaran Ledang Heights, Nusajaya, 79250, Johor
Website for the entire development (not just the condo building): www.nusaidaman.com
Current units for purchase, they do seem expensive to me (I think the supply of small luxury units may well be too large in JB) but if the MRT to Singapore is built where it is believed it will be, this will be a very desirable location:
If you are looking to rent you should be able to find good deals if you bargain (prices are set too high given the huge vacancy rate, in my opinion, they seem priced based on every increasing sales prices not based on the rental market). It sure seems the market is just has far too many vacancies to justify increasing rents; and is going to get worse for those seeking to rent out their luxury condos.
Horizon Residence and Sky Loft Suites are two new condos delivered in the Bukit Indah area. The Bukit Indah area actually has some quite nice things going for it (great good options for one and a convenient mall and Jusco – though the service at Jusco has been terrible when I have gone there, enormous wait times to check out).
Horizon Residence condo rentals available now (which seem more realistically priced in my opinion). 5 minutes walking distance to CW3 (bus to Singapore) pickup point.
Here is a webcast showing a 360 degree view of downtown Johor Bahru in 2014. You can see the sky scrapers in the central business district (CBD) of Johor Bahru and Iskandar and in 5 years this will show many more high rise luxury condos. The beginnings of numerous (more than the total completed high rises) are visible in the video.
The CIQ, the causeway to Singapore, the Straits and Singapore beyond are visible. Even Singapore’s Marina Bay Sands, located at the far southern edge of Singapore, can be seen in the background.
Stulang Villa Condos offer large units in a small building near the Cyberport building (walkable to CIQ, though a long walk). It is an older building close to downtown but in a residential area.
Given the small size finding units available online may not be easy. Though will all the new condo units going online recently and soon it would not surprise me to see more vacancies here so more chance of finding units available.
See our overview of the Stulang Villa Condos. I personally think the rates are a bit high and would try and negotiate a better rate, they are large units so maybe the rate is reasonable. Units available now include:
The Sri Samudera is in the neighborhood of the Thistle hotel and Indah Samudra Condos. It offers great views for a few units, but the units looking north seem like they are going to be looking directly into the second tower which is very close.
Given the overall market the prices seem a bit high to me; maybe the demand from hospital workers is high enough to justify the prices. The more expensive units are also much more likely to be shown online (the less expensive units are often not put online – low level, not updated, etc.).