By Farah Wahida:
The Meridin@Medini in Iskandar Malaysia sold 446 units with a collective value of RM261 million during its recent preview, reported The New Straits Times.
Astoundingly, 75 percent of the units were sold within just five hours. Out of this figure, 65 percent were purchased by Malaysians, while the rest were bought by foreigners from Singapore, Indonesia, Korea, Taiwan and Japan.
“This reflects investors’ confidence in the product, concept, location and our Mah Sing brand name. We shall certainly create a new icon in Medini,” said Tan Sri Datuk Sri Leong Hoy Kum, Group Managing Director cum Group Chief Executive of Mah Sing.
Also sold were 30 lifestyle retail units measuring from 850 sq ft and priced from RM1,000 psf. Most of the buyers were firms that commence qualifying activities before 31 December 2015 as they will be able to register for IDR Status. This grants many incentives such as royalties, income tax, import duty, sales tax, real property gains tax and withholding tax for services.
Developed by Mah Sing Bhd, Meridin@Medini is a purpose-built integrated project located along Persisiran Pantai JB-Nusajaya.
The Meridin@Medini in Iskandar Malaysia sold 446 units with a collective value of RM261 million during its recent preview, reported The New Straits Times.
Astoundingly, 75 percent of the units were sold within just five hours. Out of this figure, 65 percent were purchased by Malaysians, while the rest were bought by foreigners from Singapore, Indonesia, Korea, Taiwan and Japan.
“This reflects investors’ confidence in the product, concept, location and our Mah Sing brand name. We shall certainly create a new icon in Medini,” said Tan Sri Datuk Sri Leong Hoy Kum, Group Managing Director cum Group Chief Executive of Mah Sing.
Also sold were 30 lifestyle retail units measuring from 850 sq ft and priced from RM1,000 psf. Most of the buyers were firms that commence qualifying activities before 31 December 2015 as they will be able to register for IDR Status. This grants many incentives such as royalties, income tax, import duty, sales tax, real property gains tax and withholding tax for services.
Developed by Mah Sing Bhd, Meridin@Medini is a purpose-built integrated project located along Persisiran Pantai JB-Nusajaya.
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