Meridin at Medini, Iskandar Malaysia (New Phase Open for Booking – 4-11-13)
This latest project called The Meridin@Medini is a stone’s throw away from the newly-opened Legoland Theme Park as well as the upcoming financial hub, Medini Business, according to a press release by MahSing.
Meridin comprise residences, small office versatile offices, retail and corporate towers. The project would be officially launched in the second half of next year but registration commenced immediately, it added. The first phase of the project will offer residences from 500 sq ft to 1,500 sq ft indicatively priced from RM288,000 per unit. The entire development project will be undertaken in three phases over the next five years.
Currently, most of Mah Sing’s customers were Malaysians, constituting about 90% of its customer base, he added.
Meanwhile in a note issued to clients, AmResearch said it was “very positive on this land-banking deal”.
Apart from the “attractive pricing”, the key point to note was that the remaining 90% of the cost of the land would be paid over a period of five years which would boost its cash flow, it said.
The research outfit noted that Mah Sing would enjoy “healthy margins” from this project – pre-tax profit margins of about 25% – for which it would be exempted from corporate tax for 10 years as well as enjoy a slew of other special incentives, as it has Iskandar Development Region status.
The region is one of the corridors identified for high growth by the Government..
The Meridin @ Medini Phrase One consist of:
Medini Iskandar is the flagship development positioned as the new urban township of Iskandar Malaysia. Spanning an area of 9.3 sqkm (2230 acres), Medini Iskandar will comprise of International Mixed Development.
Iconic Meridin@Medini -Integrated purpose built development with a “Live, Work, Relax and Rejuvenate” concept . A mixed development comprises Condominiums, Serviced Apartments, SOVO, Lifestyle Retail, Boutique Hotel & Office Towers.
Meridin @ Medini Project Detail
Phase 1 : Meridin Suites Residences
Block A : 35 Storey Condominium : 400 units
Block B : 32 Storey Condominium : 161 units
Block C : 36 Storey Condominium : 195 units
Top Podium Retail Lots : 30 units
Total : 786 units
Total carparks : 1,720 bays
Phase 2 : Meridin Linx, Meridin Exchange, Meridin Walk
15 Storey Service Apartment , SOVO (small office versatile office)
2 Blocks of 22 & 24 Storey Office Tower, Hotel Tower, Shop lots &
Podium Retail lots
Block A 35 storey : 400 units
Type A (Studio) : 521 sf – 619 sf 215 units
Type A1 (1 Bedroom) : 664 sf – 848 sf 36 units
Type A2 (1 Bedroom) : 783 sf – 1,105 sf 12 units
Type B (2 Bedrooms) : 1,014 sf – 1,425 sf 8 units
Type C (3 Bedrooms) : 1,064 sf – 1,331 sf 112 units
Type D (3 Bedrooms) : 1,642 sf – 1,916 sf 4 units
Type D1 (4 Bedrooms) : 1,642 sf – 1,916 sf 4 units
Type P1 (4+1 Bedrooms) : 2,134 sf 4 units
Type P1 (4+1 Bedrooms) : 2,110 sf 5 units
Block C 36 storey : 195 units
Type A (Studio) : 521 sf – 732 sf 14 units
Type A1 (1 Bedroom) : 638 sf 1 unit
Type A2 (1 Bedroom) : 633 sf – 959 4 units
Type B (2Bedroom) : 832 sf – 1,260 3 units
Type B1 (2Bedroom) : 1,005 sf 62 units
Type B2 (2Bedroom) : 1,001 sf 31 units
Type B3 (2+1Bedroom) : 1,175 sf – 1,331 sf 3 units
Type B4 (2+1Bedroom) : 1,179 sf 62 units
Type B5 (2+1Bedroom) : 1,095 sf 13 units
Type C (3 Bedroom) : 1,452 sf – 1,601 sf 2 units
Podium Retail Lots : from 1,000 sf – 5,830 sf 30 units
Condominium Residences with Concierge Services
– State-of- the-art Security System (4 Tier)
– Designated Residence Carpark with Access Card
– Access Card for Residence Lift
– CCTV Monitoring
– Digital lock for Main Entrance door
– 24 hour Security Personnel Patrolling
– Infinity Swimming Pool
– Children Wading Pool
– Children Playground
– Themed Landscape Garden
– Multipurpose Hall
– Fitness Par Course – Business Centre (with WiFi)*
– Yoga Deck – Pavillion / Gazebos* – BBQ Terrace – Reflexology Paths *
– Child Care Centre* – Laundrette*
– Reading Room / Library * – Steam Room*
– Games Room* * To be confirmed
•Located in Iskandar Malaysia , Medini North
•Proximity to Legoland Malaysia, EduCity, Lifestyle Mall, Kota Iskandar, Putri
Habour (approx 5 minutes drive time)
•Approximately 15 minutes to Johor Bahru City Centre
•10 minutes to Second Link CIQ (to Singapore, Tuas)
•23 minutes to Senai International Airport
•47 minutes to Changi Airport, Singapore
Businesses (IDR Status Companies)
• 10 year income tax exemption* OR
• Investment tax allowances of 100% for 5 years
• Exemption from RPGT
• Import duty/sales tax exemption
• No RM500,000 threshold for foreigners
• International & local buyers both have the pick of choice units
• Irresistible affordable value proposition from only RM300,000
A win-win-win for everyone
•IDR-status qualifying activities : Tourism; Healthcare; Education;
•Creative; Financial; Logistics;
Meridin Hotel Suites at Rm299k(Before Discount) Only!!
Do you want to own a Hotel with 9 years Rental guarantee with only SGD117k/RM299k in ISKANDAR?
– Worried about Iskandar Project can’t rent out? This would be the BEST investment for you with 9 yrs rental guarantee.
– Can you imagine, after 13years (4yrs Construction + 9 yrs Rental) what would your hotel price be? 13years Iskandar are almost FULLY DEVELOP.
1st Mover advantage, Not Much Supply for hotel in Iskandar.– Next to Legoland, Temasek Wellness Village (1min), 5 min to Educity, Kota Iskandar, Puteri HarbourGuaranteed Return: 1st 3 years – 5%
2nd 3 years – 5% (+-20%)
3rd 3 years – 2nd 3 years (+-20%)
– Fully furnished, hotel standard.
– FREE SPA & loan legal fee
– No need to Pay Maintenance, managed by Mah Sing Hospitality.
– KL-SG High Speed Rail to Johor
Low Risk Investment & High Upside Potential!!