Indah Samudra is a leasehold condominium development situated along Jalan Seri Gelam in the city of Johor Bahru, Johor. The condominium was completed in 1994. It consists of 2 blocks, each having 20 and 30 storeys respectively. The layout of the units varies slightly to cater to all types of purchasers. Units ranged from have 1 bedroom, 1 study room and 1 bathroom, to having 3 bedrooms, 1 study room and 3 bathrooms; the units also come in varying sf in order to accommodate to the residents’ needs. Prices of the units in Indah Samudra as of 2013 ranged from RM360 psf to RM400 psf depending on various factors including furnishing, condition and the direction that the unit face. Units facing the Singapore Straits would fetch a higher price as the view is rather magnificent.At the time of launch, Indah Samudra was originally marketed as a high-end condominium. The condominium features a wide range of facilities, including tennis courts, squash courts, a sheltered playground, a gymnasium and a jogging track. There is also a swimming pool and a wading pool, along with a barbecue area. As the development was aimed at catering for the expatriates at the time, there is also a sun deck along with a sauna. A mini market within the grounds allow for convenient grocery shopping. A multipurpose room is also made readily available for the residents. As with any condominium, security guards patrol the perimeter 24 hours daily.Indah Samudra is centrally located within the city of Johor Bahru, allowing for easy access to the Johor Bahru Township, Nusajaya, and the Custom & Immigration Quarantine Complex (CIQ) to Singapore. Immediately next to Indah Samudra is the prestigious Thistle Hotel. The Johor Bahru Township is approximately 2 kilometers away, along with City Square, where a vast range of amenities could be found, including banks, eateries, and retail shops. Nearby schools include SMK Sultanah Engku Tun Aminah, Tun Dr Ismail International School of Johor, and SMK Infant Jesus Convent. There is one tertiary institution nearby which is Monash University. Indah Samudra is located relatively near to the causeway, thus ideal for daily commuters to stay, being merely 5 to 10 minutes from the CIQ depending on traffic. Jalan Lingkaran Dalam connects the condo to the rest of Johor Bahru.
Property Details
Name: Indah Samudra Address: Jalan Sri Gelam, Off Jalan Sungai Chat, 81000 Johor Bahru, Johor Completion Date: 1994 Type: Condominium Tenure: Leasehold No. of Blocks: 2 No. of Storey: 20 & 30 No. of Units: 178 No. of Bedrooms: 1 - 3 No. of Bathrooms: 1 - 3 Built-up: 1,365 - 3,949 sqft Maintenance Fee: RM0.25 psf Subsale Price: RM628,000 Rental: Layouts
Block S Type S1 2 bedrooms + 1 study room + 2 bathrooms
Type S3 3 bedrooms + 1 study room + 3 bathrooms
Block N Type N1 2 bedrooms + 1 study room + 2 bathrooms
Type N2 1 bedrooms + 1 study room + 1 bathrooms
Type N3 2 bedrooms + 1 study room + 2 bathrooms
Type N4 3 bedrooms + 1 study room + 3 bathrooms
Facilities
Tennis court Squash court Multi-purpose room Sun deck Sauna Mini market Sheltered playground Gymnasium Jogging track Wading pool Swimming pool Barbecue area 24-hour securityAnalysis
Indah Samudra is located at prime location, simply by being so near to the CIQ where thousands of people commute daily into Singapore to make a living. As the facilities within the condominium, as well as its location being desirable, a rent of RM2 to RM3.5 psf is not far-fetched at all depending on condition and view. The units here are therefore excellent in terms of investment return. The population density for the area surrounding the condominium is also relative low as compared to the rest of Johor Bahru. One of the major concerns for potential purchasers would be the age of the building, as renovations of a substantial scale are to be expected after 20 years. Also, the condominium being leasehold means that the remaining duration of the lease is also to be considered when investing on such a property, mainly due to the fact that renewal of leases can be legally complicated procedure and financing to buy a property with less than 50 years remaining could prove to be more difficult to obtain.
