Iskandar Malaysia, 27 October – Zhuoyuan Iskandar, a joint venture company backed by China’s Zhuoda Group and Medini Iskandar Malaysia Sdn Bhd, celebrated a topping-out for the very first project – Paradiso Nuova. The ceremony signified the structure completion of Paradiso Nuova 6 months ahead in accordance with the project’s schedule. About 350 guests, comprising business partners, business associates, contractors and construction workers of Zhuoyuan were invited to the Topping-Out Ceremony.
The topping up ceremony was officiated by Zhuoyuan’s Vice Presidents, Lee Siow Woon and Edwin Lee, and witnessed by Guest of Honour, Dr Gerard Kho, Chief Marketing Officer of Medini Iskandar Malaysia Sdn Bhd. Followed by the last bucket of cement pouring into the construction progress, 80-feet of topping-up banner was released in the air to commence the ceremony. A private luncheon, sponsored by Titan Ritz, was held at the project site for the topping-out celebration.
Paradiso Nuova has been crafted to deliver a new standard of luxury living in Medini, is 6 months ahead of the construction schedule to be completed next year after it was topped out today. Zhuoyuan’s Vice President, Lee Siow Woon said: “Today’s ceremony marks the significant milestone for Zhuoyuan Iskandar Sdn Bhd and for the city of Medini. Our continuous work and strong commitment to deliver the required quality on time has made it possible for us to have this celebration here today and to be able to gaze up at this impressive structure.”
Paradiso Nuova, complete with exquisite furnishings and international quality construction materials from the finest suppliers, the 35-storey towers will contain 382 units, making it an oasis of grandeur that offers personalised attention and luxury from the ground-up. Symbolic of Iskandar Malaysia’s rapid growth and the local and regional demand for compelling investment opportunities, Paradiso Nuova reflects the higher quality expectations of luxury living with attractive investment incentives.
Paradiso Nuova enjoys many unique incentives only available in Medini such as exemption from Real Property Gain Tax (RPGT), exemption from RM1,000,000 threshold for foreign buyers, no Bumiputra quota, and no restrictions on ownership transfers to foreign buyers.
Paradiso Nuova lies in an enviable address anchored in a prestigious Central Business District zone where it is surrounded by recreational, commercial and business centres such as Gleneagles Medini Hospital, Educity, LEGOLAND® Malaysia theme park, Pinewood Iskandar Malaysia Studios and, making it the optimal residential address in Iskandar Malaysia.
The topping-up marks the completion of the development, but the beginning of Zhuoyuan’s renewed commitment to create home and community with live, learn and play, to bring about a better lifestyle for the residents of Paradiso Nuova and people living within Medini.