‘1Medini’ Category

  1. Homebuyers spoilt for choice in Iskandar

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    November 4, 2013 by iskandarinsider

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    Builders step up unveiling of new launches amid rising demand, stiff competition

    Now considered one of Malaysia’s hottest real estate spots, Iskandar Malaysia has been pulling in developers looking to cash in on the demand for properties there.

    Local developers may have had a headstart, but they are now facing stiff competition from larger builders from Klang Valley and beyond Malaysia.

    The rivalry has led to a mushrooming of options for buyers. In the next two to three years, thousands of units are scheduled to be completed, given the number of projects launched in the last year or so amid bullish sentiment and robust sales. For example, Afiniti Medini, a mixed-use residential-commercial development, sold 88 units in just 51/2 hours.

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  2. One Medini

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    May 23, 2013 by iskandarinsider2

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    Iskandar Malaysia in Johor is poised to be a sprawling, ultra modern metropolis with an impressive 2,217 sq km growth space. Its strategic location has already attracted some of the region’s most remarkable development projects which will offer the ultimate in urban work and living.

    1Medini, the very first high-rise residential towers to be developed in Medini Iskandar Malaysia, will rise from the heart of this superbly stylish, coveted new address.

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  3. Iskandar now poised to roll in the money

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    January 9, 2013 by iskandarinsider

    With most projects now broken ground or operating, Iskandar Malaysia is in position to rake in the value from investments made
    puteri-harbour-catalyst-developmentWas it a rebranding, the entry of the Singapore government’s own investment vehicles, improved bilateral relations, or the entry of crucial names like Pinewood Studios (of James Bond fame), Legoland, Marlborough College (of Kate Middleton fame), Traders Hotel and the Hello Kitty theme park? Or was it the attractive tax and government incentives, the heating up of the Singapore property market, or just timing in its serendipitous mysterious way? Whatever it is, it seems like the Iskandar Malaysia economic region in southern Johor, since its grand scheme was announced as the South Johor Economic Region about seven years ago, is coming together.

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  4. Big plans for WCT Land

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    December 4, 2012 by iskandarinsider

    WCT’s planned shopping mall and hotel(the abandoned Kemayan City) – mixed commercial development along Jalan Skudai, Johor Baru.WCT Bhd (WCTB) executive director Choe Kai Keong is excited about the growth prospects for the group’s property development, investment and management businesses in the next decade.

    “There are so many things happening. In terms of future projects and plans, we are at very exciting times for the property business,” says Choe. He says that the group has set a target to grow its property businesses to be as signficant as its mainstay construction arm within five years.

    “Now, WCT Land is being overshadowed by our construction arm. But in the last few years, we have grown the property business to a substantial size. It is bigger today, compared with when WCT Land was listed (on Bursa Malaysia) from 2004 to 2008,” Choe told StarBizWeek.

    WCT Land Sdn Bhd is the property development arm of the group, which is better known for its construction and engineering projects in Malaysia and the Middle East.

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  5. Medini attracts Japanese investors, says IIB chief

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    November 5, 2012 by iskandarinsider

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    KUALA LUMPUR (Nov 2): The Medini township in Iskandar Malaysia is attracting foreign direct investments (FDI) from not only Malaysian and Singaporean investors, but also from as far as Japan, gauging by the rate of Japanese owners of the first residential project there, the 1Medini.

    1Medini, a mixed commercial project comprising office spaces, retail components and apartments, which is being developed by WCT Bhd’s unit WCT Acre Sdn Bhd on a leased land measuring 18.12 acres, has seen 40% take up by foreign buyers, mostly from Japan, according to Iskandar Investment Bhd’s (IIB) chief executive Datuk Syed Mohamed Syed Ibrahim.

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  6. IIB turns cautious

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    October 20, 2012 by iskandarinsider

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    KUALA LUMPUR: Iskandar Investment Bhd (IIB), a major player in the development of Nusajaya in Iskandar Malaysia, will restrict the release of land for new projects for now to avoid a potential oversupply of properties.

    IIB president and CEO Datuk Syed Mohamed Syed Ibrahim said he believes the planned property projects in Iskandar Malaysia have already reached a critical mass.
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