The flagship development of Iskandar, Medini offers a compelling proposition as a place for business, lifestyle and living. Within 908 hectares of prime land in the heart of this rapidly growing area, it offers an urban development in complete harmony with its natural setting. Most importantly, it serves up a treat of factors on its menu for buyers looking for a second home, or a place with attractive potential yield for investment.
Strategically located between Singapore and Kuala Lumpur, right in the heart of the Iskandar Regional Development and connected via Tuas, it is a mere 20 minutes from Johor Bahru and 40 minutes from Singapore’s Central Business District. For the frequent traveller, you will be pleased to know that the Senai Airport lies just 25 minutes while Singapore’s Changi International Airport is 50 minutes away.
In aspiring to be a choice destination for investment in Asia, Medini has been designed with world-class infrastructure connecting Singapore, Asia and the rest of the world via well connected rail, rapid transit system, highways, sea ports and international airports.
It also comes full equipped with an integrated infrastructure with high-quality education, healthcare and other amenities with high speed broadband and telecommunication links to support a pro-business environment.
In addition, the 300-bed, state-of-the-art Gleneagles Medini hospital is well on track to begin operations by second half of 2015. Equipped with cutting-edge medical technology and top notch healthcare professionals that have become synonymous with the brand, the tertiary hospital will further boost the attractiveness of Iskandar as a healthcare destination, easily accessible to patients from all across Malaysia and medical travellers from around the region.
Offering a similarly high standard of living to cities like Singapore and Hong Kong when fully realised, Medini offers attractive cost advantages for businesses to operate and grow. Fully supported by the Malaysian government, this economic development region offers up a pro-business environment with a ready pool of English-speaking and educated workforce. Goldbury Communications, a home-grown IT automotive consultancy firm and Huawei, a leading global ICT solutions provider, are just two of the many companies who have since set up offices in this leading economic growth corridor.
Another of a key target business cluster is the ecosystem for the creative and media sectors, Media @ Medini. This initiative facilitates a ‘blended solution’ concept which can provide the full media value chain from script to final production, by potentially linking complimentary service offerings of Media @ Medini, with Pinewood Studios Malaysia, and Mediapolis Singapore.
As Singapore’s closest neighbour and easily the second most developed country just behind us, the close cultural and similarities in food and lifestyle makes Malaysia an attractive overseas property investment. Though the average property prices have increased, the real estate prices in Medini is still lower than similar properties in Kuala Lumpur, and Singapore, providing a much more attractive option for a second home or as a property investment. Of course, the favourable exchange rates, the Rapid Transit System (RTS) between Johor Bahru city and Singapore’s Thomson MRT line, and the High Speed Rail linking Kuala Lumpur, Iskandar and Singapore further add to the cause for purchasing homes in Iskandar Malaysia.
There are five economic zones, with Zone B, Nusajaya proving to be the most popular with the property investors thus far. With complete township planning that includes specialized security forces and facilities, and quality living conditions, Nusajaya is one of the zone with one of the highest build standards too.
Paradiso Nuova, which is located 10 minutes away from Singapore’s second link, is an affordable yet high-end quality development for home buyers and investors that offers easy ownership package with all international lots and, most importantly, exempted from the RM1 million threshold for foreigners.
All work and no play makes for a dull week, luckily for residents of Medini, there are plenty of options in Iskandar for them to play, relax and unwind after a long day or during the weekends. Apart from the first LegoLand in Asia, Legoland Malaysia, there is also the Puteri Harbour Family Theme Park that also houses the first Hello Kitty Town outside Japan that will be perfect for the family.
For the shoppers, remember to visit the 175,000 square feet Johor Premium Outlets that offers impressive savings of up to 65% off more than 80 designer and high fashion brands. Unwind at the end of the day with an evening spent at the Puteri Habour, which will offer exceptional waterfront living, dining, entertainment, and arts and culture in a picturesque setting.
This article has been brought to you by Zhouyuan Iskandar.