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
The long term prospects for Johor remain strong. Building on the advantages of being a suburb of Singapore has huge potential. Managing that advantage should provide huge long term benefits. Still in the residential building boom seems overdone and not balanced with brining in enough high paying jobs or improved transportation to jobs in Singapore.
Iskandar Malaysia’s biggest property developer UEM Sunrise Bhd will focus on Peninsular Malaysia’s central region, as Johor faces a property glut and slowdown.
Managing director Anwar Syahrin Abdul Ajib said the company would be shifting focus to the central and northern regions as well as overseas.
“Right now, it’s a bit slow. There’s nothing to hide … everybody is feeling it. Some developers have already cut their forecasts, some are saying growth is stagnant while some say they’re going to do better than others last year,” he said.
Anwar is targeting a lower sales of RM2bil this year compared with RM2.4bil last year as buyers are also finding it hard to secure loans from banks.
“To tell you the truth, there are a lot of people who want to buy and we have a lot of bookings but they can’t get loans, so this is something that’s in the way.
“We need to find a solution and talk to financial institutions and see whether they need to relax a bit in terms of letting people be able to purchase houses for investment purposes,” he explained.
Malaysia should not relax lending standards. Property booms are followed by busts. Booms are most often triggered by huge investor demand made possible by lax lending standards. It is poor economic policy to stoke investor demand in real estate. This is a critical mistake when the rental market is weak, as it is in Johor. The luxury housing market is not supported by jobs in Johor.
The only hope for filling the luxury housing are getting those with high paying jobs in Singapore and retires from Singapore and elsewhere to move in (which has been happening but not nearly at the rate of production of new units). And given the long delays in addressing the transportation problems until the MRT is extended it is hard to see much more room for increased commuting. Once the MRT is complete the Johor market should boom.
Property development creates lots of economic value that can provide large rewards to those in power. When that pressure leads to stoking the fires of a boom the consequences will be felt in the economy very sharply once a bust develops. Johor needs to focus on attracting more high paying jobs and quickly improving transportation issues. Johor should be discouraging more luxury housing development at this time, not encouraging it – but it is hard to put long term economic prosperity above quick, short term cash. Few countries have done that well. Singapore is one that has and the future of Johor is tied to the success Singapore brings with that focus and how well Johor can show the same discipline Singapore has shown for nearly 50 years.
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.
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:
In my opinion the pool is the best part of the project. The units are ok but the pool is amazing. The location is actually 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 2,300 MYR/month to 4,500 MYR/month (for 820 to 1,500 square feet). Purchase prices range from 800,000 to 900,000 MYR (for 1,516 square feet which is about 600 MYR per square foot).
Current listings offer rentals:
MYR 4,500/month – 3 + 1 bedrooms, 4 bathroom, 1,500 square feet, high floor, corner unit, looking South.
Sky Executive Suites @ Bukit Indah opened to tenants last year and there are still many units available. The location is quite nice, but it does seem to me the price of the units tends to a bit higher than the market (room to negotiate, especially with so many units available). See more details on our Setia Sky Executive Suites information page.
Aster Court condos offer a good location and good prices. They sit on top of a few shops but unfortunately the shops are not very busy and some are not rented. But the location is quite close to KSL Mall, Plaza Pelangi (and all the good food near there), Hotel New York etc.. It is also very close to where Setia Sky 88 and Twin Galaxy are under construction.
The condo has a pool and security but has a bit less in the way of amenities than most other condos considered by expats.
As always, expats should remember most agents in Johor Bahru merely show you properties they (or their company sometimes) have been paid by the owners to show. Seeing multiple units, even at the same condo, often requires appointments with multiple agents.
Orchid View Condominium is walking distance to CIQ (but it is very awkward to walk as the area was not designed with walking in mind), right next to downtown JB. It is pretty crazy to have designed the area to be so difficult to walk in given it is right downtown next to CIQ – this is exactly where designing a walkable city is most important. The situation at Orchid View shows that there is much more work needed to improve the urban design of downtown JB. See our overview of the Orchid View Condos.
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.
2,800 MYR per month; 1,500 square feet; 3+1 bedrooms, 3 bathrooms, fully furnished, corner unit.
3,000 MYR per month; 1,500 square feet; 3+1 bedrooms, 3 bathrooms, fully furnished, corner unit.
3,000 MYR per month; 1,500 square feet; 3+1 bedrooms, 3 bathrooms, fully furnished, corner unit, facing South (to Singapore).
2,500 MYR per month; 1,500 square feet; 2? bedrooms (I think the listing has this wrong, but maybe it is right), fully furnished, corner unit.