Connect with Us     

NEW LAUNCH PROPERTY - SINGAPORE PROPERTY PORTAL

Connect with Us               

Developer Sales Enquiry: 9789 8770

New Property Dream News Blog

Be Updated Daily with the New Happenings in the Property Market!
"Hit" the 'Subscribe to blog' on your right for Daily Property News Updates!

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Login
    Login Login form

S'pore buyers flock to Johor's Medini project

Posted by on in Uncategorized
  • Font size: Larger Smaller
  • Hits: 39477
  • Subscribe to this entry
  • Print
The township of Medini in Johor's Iskandar Malaysia is fast becoming a property hot spot as thousands of Singaporeans rush to sign up for launches there.

Located in the Nusajaya administrative zone, the 9.2 sq km flagship development is a 10-minute drive from the Tuas Second Link.

Iskandar's master planners envisage Medini as a vibrant commercial and business district, complete with malls, offices, high-end homes and a hospital.

Last month, Pulau Indah Ventres, a 50-50 joint venture between Temasek Holdings and Khazanah Nasional, launched the Afiniti Residences condominium in Medini to heavy fanfare.

The 88 units on sale were snapped up in under six hours.

Upcoming projects in the area include The Meridin @ Medini by Malaysian developer Mah Sing.

The Meridin was selling well even before Afiniti came onto the scene - 75 per cent of the 495 units released in May had been taken up.

About half of the buyers were Singaporean, said Mah Sing chief executive Leong Hoy Kum.

Demand for the third block of units, which is being launched for sale today, is expected to go even higher.

Only 161 units are up for grabs but about 5,000 people have registered, of whom more than 3,000 are Singaporean.
The Meridin's location - it sits next to Legoland and across the road from Afiniti Residences - is probably a major draw for Singaporeans, said Mr Leong.

The project's price is probably another big factor, he added.

He said the units being launched this week are priced at RM730 (S$287) per sq ft (psf) on average. He noted that this level offers a lower entry point than Singapore property does and even beats the RM1,000 psf seen at some Iskandar properties.

"This is something we normally practise, to leave some room for capital appreciation for the units in future," he said.

Another developer that has seen strong interest in its Medini project is Zhuoyuan Iskandar - a joint venture between China-based ZhuoDa Real Estate Group and Malaysia's Iskandar Investment, the master planner for Nusajaya.

The company is building Paradiso Nuova, a 382-unit condominium that it expects to launch in mid-September.

More than 600 people have already registered their interest, about 40 per cent of whom are Singaporean, said sales and marketing director Liang Thow Ming.

"We expect a diverse group of buyers - investors who want to capitalise on Medini's story, as well as people who are keen to stay there, whether they are Malaysians who work in Singapore or Singaporeans who are seeking a lower cost of living," he said.

"EduCity, Iskandar's education hub, also provides good rental potential because there is a shortage of hostel space and the universities are enjoying exponential growth in student numbers."

Credit from The Straits Times - 20 July 2013
Rate this blog entry:
0
 

 

To all Real Estate Investors and Future Property Owners,

Hello there, this is Sky Chiu, your Singapore Real Estate Advisor, welcome and thank you for reading through to my News Blog! If you would like to be updated with the Property Market Insights, Do Subscribe to my Blog or via RSS on the Top Right of this page!


With 9 years of experience in real estate business, equipped with in-depth property market and new projects knowledge and insights, i committed to give all my valued clients detailed and clearer analysis before they committed to their dream home - whether you are a first time property seller, an experienced property investor, a first time property buyer or a foreigner looking to move into Singapore.


My dedicated services cover my valued clients through the whole process - selling the property at the Highest Possible Price, finding the Right property, negotiating the for the Best Price, to making an Offer and closing the Best Deal. As your Personal Real Estate Consultant, i am here to help you in everything to make the best real estate decision in your life. Your Satisfaction is My First Priority!

 
Phone Support

 

YOUR DEDICATED PROPERTY ADVISOR

We have a group of very experienced property advisors with in-depth property market and new projects knowledge and insights to give our clients a detailed and clearer analysis before they committed to their dream home from us.

We identify our clients' needs, help them to restructure and maximise their property portfolios. We successfully advised and helped our clients on their loan restructuring and financial timeline management on their property investment.

Contact Us for An Non-Obligatory Discussion Today!

 

DIRECT DEVELOPER PRICE

Danish candy sesame snaps sugar plum candy canes sweet donut sugar plum

 

DIRECT DEVELOPER PRICE

Danish candy sesame snaps sugar plum candy canes sweet donut sugar plum

 

NO COMMISSION

Danish candy sesame snaps sugar plum candy canes sweet donut sugar plum