Leisure Farm bungalow lots in Iskandar Malaysia sold out

leisure farm-

PETALING JAYA: Due to overwhelming response, 10 pre-selected bungalow lots in Leisure Farm Resort, Iskandar Malaysia was sold out with over 30 bids received. Successful bidders secured the units around 10% to 15% above the reserve pricea, with about half of the total sale of RM50mil to Malaysians and the balance to overseas buyers. Leisure Farm Corporation Sdn Bhd, a wholly-owned subsidiary of Mulpha International Bhd, said in a statement that there was a surge in demand in the first six months of the year, with land prices increasing by 40% to 70% depending on the precinct and topography of the lots. “We are overwhelmed by the strong reception,” Mulpha executive chairman Lee Seng Huang in a statement. The reserve price of the lots ranged from RM2.03mil to RM6.93mil, or RM115 to RM150 per sq ft. October will see the launch of a further 57 units of canal-front bungalows and eco-themed semi-Ds, Bayou Creek, Precinct 7B in the same area.

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