Big turnout at preview of development in Nusajaya

THE Meridin@Medini in Iskandar Malaysia was successfully unveiled in an exclusive preview recently and the invitation-only event attracted some 1,500 visitors.

A purpose-built integrated development along Persisiran Pantai JB-Nusajaya, which is the protocol road to Kota Iskandar, The Meridin@Medini employs a live, work, relax and rejuvenate concept.

Abutting a 13ha undulating green lung, The Meridin@Medini is only four minutes from Legoland and opposite the upcoming financial centre of Medini Business.

Meanwhile, access to the Tuas-Singapore Second Link is 10 minutes away and the Senai International Airport is 25 minutes away, while the toll-free Coastal Highway shortens the distance to Nusajaya to 10 minutes.

Some 75% or 446 units, valued at RM261mil, were pre-selected during the five-hour closed-door event, reflecting investor confidence in the integrated project

Phase 1 of The Meridin@Medini comprises the three towers of Meridin Suites Residences and Meridin Walk Lifestyle Retail.

During the preview, registrants successfully pre-selected their units in Phase 1A which comprises Tower A and Tower C of the Meridin Suites Residences. There are 595 available units priced from RM387,000 with a built-up area of 521 sq ft onwards.

Out of the total, 65% of the units were selected by Malaysians, with the rest going to foreign investors.

Mah Sing group managing director and group chief executive officer Tan Sri Leong Hoy Kum said, “We are heartened by the strong turn-out. This reflects investor confidence in the product and our brand name.”

Phase 1B comprises Tower B of the Meridin Suites Residences while Phase 2 of the project comprises the Meridin Linx Small Office Versatile Offices (SoVo) and Meridin Exchange corporate towers.

Mah Sing Group executive director Datuk Lim Kiu Hock said, “With the keen interest in these properties, we are confident of equally healthy take-up for Tower B once we officially launch it. Each home is also partially furnished with air-conditioning for all bedrooms and living rooms, built-in kitchen cabinets, cooker hood and hob, wardrobes for all bedrooms and water heaters for the bathrooms.”

Complementing the suites are 30 units of lifestyle retail units with built-up areas from 850 sq ft onwards, priced from RM1,000 psf.

There has been much interest in these units, especially since companies that are eligible and commence qualifying activities before Dec 31, 2015, are able to register for IDR Status that offers a variety of tax breaks.

Leong added that The Meridin@Medini is poised to tap into the many catalytic developments within Iskandar Malaysia.

“There is something for everyone here, with prices a fraction of a mass-market condominium in Singapore.

“Buyers will not only enjoy premium lifestyle features like concierge services, a fully-equipped facilities deck and multi-tiered security features but also the provision of facilities for continued care,” he said. - The Star