iProperty.com spoke to a few developers to find out more about Medini’s attraction and why they chose to develop their projects there.
Mah Sing – The Meridin@Medini
Medini has the added advantage of providing businesses with tax holidays and no price cap for foreign buyers. Infrastructure catalysts such as the proposed Rapid Transit Rail connecting Johor and Singapore which is due to commence in 2019 and the High-Speed Rail scheduled for completion in 2026 will further improve connectivity and draw in crowds to Johor Bahru – spurring population growth and the local economy.
The Meridin@Medini is an integrated development offering hotel-serviced suites, serviced residences, Small Office Versatile Offices (SoVos) and a retail component, Meridin Walk.
Being within the prime location of Malaysia’s first special economic zone and coupled with its luxury services and amenities benefitting the target market, Meridin@Medini will definitely attract a mix of domestic and international travellers.
Some of the facilities offered include an aqua gym, open corridors for outdoor al-fresco cafes’, state-of-the-art gymnasium, fitness course and yoga deck and a business centre with Wi-Fi and 24-hour security.
The development’s concept embraces the best of nature with green at the forefront of its landscaping to create a sanctuary or the perfect haven for the modern traveller – a unique luxury in today’s resort living.
UMLand – UMCity Medini Lakeside: Redefining Metropolitan living
Earmarked as Malaysia’s largest single urban development to date, Medini’s blueprint is one that is designed for success – with sustainability, connectivity, innovativeness, smart and futuristic urban living set as its main drivers of growth.
Its master developer, Medini Iskandar Malaysia (MIM) had so far invested about RM1billion on infrastructure in Medini since its inception in 2008, including improving connectivity and accessibility to the area. It’s smart city status will be propelled through initiatives such as smart buildings, integrated operations centres, an official Medini online portal and smart mobility in the form of electric vehicles and water taxies.
UMLand is confident that Medini has positioned itself well as a strong investment destination as well as an international tourist destination. Our flagship, development, the UMCity Medini Lakeside, promises to change one’s perception on Metropolitan living and how you can do business in one of the most exciting regions in Asia.
Located in the gateway of Medini, UMCity Medini Lakeside features a fully integrated commercial hub for urban dwellers showcasing business, hospitality and retail components. The integrated mixed development which is situated just across Legoland Park in Medini, Iskandar Puteri will cater to MNCs, international and domestic tourists and working professionals. As it is part of the Medini Iskandar Development Zone, UMCITY offers a clear advantage for businesses which are qualified for the special incentives in Medini.
The development comprises of a retail mall, a premium office tower, he UMCity office tower which is being constructed by world class builder, Samsung C&T Korea as well as 3 hotels, namely the Citadines Apart’hotel, Shama Medini and Ozo Medini. All these are complemented by the Viridea@Medini Lakeside, a 8.2-acre mixed development comprising of residential, business and retail components.
The UMCity office tower had recently bagged the Best International Office Development Award at the International Property Awards 2015 in London, UK – a clear recognition of UMLand’s efforts towards impeccable design, quality, service innovation and commitment to sustainability.
Eastern & Oriental Berhad (E&O) – Avira Medini
E&O ventured into Bandar Medini Iskandar with a long-term perspective that is aligned with our strategic plans to develop new growth engines beyond our existing presence in the Klang Valley and Penang island. Avira, a 207-acre joint venture wellness project with Khazanah Nasional Berhad and Temasek Holdings is a reflection of E&O’s long-term commitment in Medini.
With comprehensive health care services as a major investment sector in Iskandar Malaysia, Avira’s position as a holistic wellness township is an advantage for discerning buyers who desire to live in the heart of wellness. Homeowners will have access to the luxurious and expansive 12.5-acre Wellness Sanctuary, a designated site featuring pocket parks, waterways and a Wellness Centre dedicated to promoting physical vitality and mental clarity.
Avira Garden Terraces, the maiden launch of terrace homes in this master-planned development, is one of the few landed residences in Bandar Medini Iskandar. These distinctive homes are conceptualised to synergise residential living with wellness and invoke a sense of space and harmony with nature.
With E&O’s experience in delivering premier lifestyle properties and the backing of a solid strategic partnership, we are confident of translating the envisioned iconic wellness township concept into a reality for Bandar Medini Iskandar.
No Real Property Gains Tax
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