Meridin@Medini nets RM261mil in 5 hours
BUOYANT MOOD: Buying sentiment returned when 446 units or 75 per cent were sold out during the preview
Buyers returned with a vengeance and snapped up 446 units valued at RM261 million during the recent preview of Mah Sing Berhad’s The Meridin@Medini in Iskandar Malaysia. Within five hours, the preview registered a 75 per cent take-up rate. Out of that, 65 per cent of the units were bought by Malaysians with the balance taken up by foreign investors from Singapore, Japan, Korea, Taiwan and Indonesia.
The by-invitation only closed-door event attracted some 1,500 visitors from more than 4,000 registrants. Meridin@Medini is a purpose-built integrated development along Persisiran Pantai JB-Nusajaya which leads to Kota Iskandar.
Mah Sing’s Group Managing Director cum Group Chief Executive, Tan Sri Datuk Sri Leong Hoy Kum said, “This reflects investors’ confidence in the product, concept, location and our Mah Sing brand name. We shall certainly create a new icon in Medini.”
Complementing the suites are 30 units of lifestyle retail units with built-ups from 850 sq ft onwards, indicatively priced from RM1,000 psf. Much of the interest in the retail units came from companies that commence qualifying activities before 31 December 2015 as they are able to register for IDR Status that grants a variety of tax breaks including income tax, withholding tax for services and royalties, import duty and sales tax and even the real property gains tax.
Meanwhile, Mah Sing will be launching the final block of M City Jalan Ampang this weekend at their property gallery in The Icon Jalan Tun Razak, opposite Micasa Hotel.
M City is an integrated project comprising SoHo Suites in Block 1 (fully sold), Serviced Residences in Block 2 (90 per cent sold) and Block 3 (to be launched this weekend), lifestyle retail (almost 100 per cent sold) and Sky Villas (future launch).
There will be a choice of studio, simplex and duplex units with varying room configurations in Tower 3 of M City. The units enjoy a built-up of 506 sq ft priced from RM750,000, up till 3+1 bedroom duplex units with built-up of 1,903 sq ft priced at RM2.6 million.
BUOYANT MOOD: Buying sentiment returned when 446 units or 75 per cent were sold out during the preview
Buyers returned with a vengeance and snapped up 446 units valued at RM261 million during the recent preview of Mah Sing Berhad’s The Meridin@Medini in Iskandar Malaysia. Within five hours, the preview registered a 75 per cent take-up rate. Out of that, 65 per cent of the units were bought by Malaysians with the balance taken up by foreign investors from Singapore, Japan, Korea, Taiwan and Indonesia.
The by-invitation only closed-door event attracted some 1,500 visitors from more than 4,000 registrants. Meridin@Medini is a purpose-built integrated development along Persisiran Pantai JB-Nusajaya which leads to Kota Iskandar.
Mah Sing’s Group Managing Director cum Group Chief Executive, Tan Sri Datuk Sri Leong Hoy Kum said, “This reflects investors’ confidence in the product, concept, location and our Mah Sing brand name. We shall certainly create a new icon in Medini.”
Complementing the suites are 30 units of lifestyle retail units with built-ups from 850 sq ft onwards, indicatively priced from RM1,000 psf. Much of the interest in the retail units came from companies that commence qualifying activities before 31 December 2015 as they are able to register for IDR Status that grants a variety of tax breaks including income tax, withholding tax for services and royalties, import duty and sales tax and even the real property gains tax.
Meanwhile, Mah Sing will be launching the final block of M City Jalan Ampang this weekend at their property gallery in The Icon Jalan Tun Razak, opposite Micasa Hotel.
M City is an integrated project comprising SoHo Suites in Block 1 (fully sold), Serviced Residences in Block 2 (90 per cent sold) and Block 3 (to be launched this weekend), lifestyle retail (almost 100 per cent sold) and Sky Villas (future launch).
There will be a choice of studio, simplex and duplex units with varying room configurations in Tower 3 of M City. The units enjoy a built-up of 506 sq ft priced from RM750,000, up till 3+1 bedroom duplex units with built-up of 1,903 sq ft priced at RM2.6 million.
. They keep us guessing till the last day. Meanwhile, I got a 'price list ' from a tophilsl agent which is significantly lower, around 725psf. Huttons has been quoting 750 to 800psf, so not far from that as there's supposed to be a discount as well. I dont see how they can expect their buyers to stomach a sudden RM150 and abv price increase at the last minute. Are there going to be enough gullible buyers?