– by MySgProp, Apr26 2013.
In Feb 2013, Malaysia-Singapore announced joint venture program to develop two wellness centers at Medini Iskandar Malaysia, i.e Afiniti and Avira. The two projects have a combined gross development value of RM3 billion (S$1.2 billion) and will also offer other facilities such as serviced apartments and shops. Afiniti is developed by PIV, a 50:50 joint venture between Khazanah and Temasek, while Avira is developed by a joint venture between PIV and Malaysian firm Eastern & Oriental. The Afiniti Wellness Projects are expected to be completed by year 2015.
As for the Iskandar development area as a whole, Singapore Prime Minister Lee Hsien Loong predicted “a lot of spillover from Singapore companies that want to expand or companies that want to come to Singapore but can’t quite fit into Singapore”.
He added: “I think Iskandar offers them a prime opportunity and as long as the Malaysian government pursues this policy to develop Iskandar and to link up with Singapore, I think the prospects are very good.”
马新两国携手在马来西亚依斯干达特区进行两项总值30亿令吉的保健房产计划，并将会今年内正式推介。由大马国库控股有限公司及新加坡淡马锡控股有限公司各占50%股权，联资成立英达岛创投有限公司（Pulau Indah Ventures），发展Afiniti Medini保健城及Avira保健度假村计划。Afiniti 保健城 料2015年完工。
Datuk Seri Najib Tun Razak (2nd from right) and Singapore Prime Minister Lee Hsien Loong (2nd from left) at the ground breaking ceremony of the Afiniti Medini and Avira wellness projects in Nusajaya, Johor. With them are Pulau Indah Ventures Sdn Bhd chairman Tan Sri Syed Anwar Jamalullail (right) and Khazanah Nasional Bhd managing director and CEO Tan Sri Azman Mokhtar
So where/what is Medini? Where are these wellness projects located exactly?
Medini Iskandar Malaysia located within the Nusajaya development zone, flagged as Zone B under the Iskandar Malaysia development blueprint. The project covers land area of 2,300 acres (9.3 km2) developed to become the Central Business District of Nusajaya in the southern economic zone of Iskandar Malaysia.
It is surrounded by established signature developments such as EduCity, Pinewood Iskandar Malaysia Studios, Kota Iskandar, Puteri Harbour, and most significantly, Medini is sited next to the newly opened LEGOLAND® Malaysia theme park, the first LEGOLAND in Asia.
Medini位于伊斯干达B区的努沙再也，计划将被发展为该区的金融中心！围绕着Medini的一些大型发展计划包括了EduCity教育城，Pinewood松木影城，公主港，还有刚于去年投入运作的亚洲第一座 – 乐高游乐园。Medini的交通四通八达，30分钟内即可抵达两国的任何一个主要港口或机场。
In term of accessiblity and connectivity, Medini is close proximity to the region’s key transportation hubs, i.e a mere 30 minutes away from Senai International Airport, 10 minutes from the Port of Tanjung Pelepas, 15 minutes from the Jurong Port in Singapore and only 45 minutes from Changi International Airport, the Port of Pasir Gudang and the Port of Tanjung Langsat.
Medini Development Plans
Medini Iskandar Malaysia is sub divided into three development clusters and 6 zones, as the following:
|Medini Business District(Zone B)
Medini Business Hub
|Medini Business District occupies 365 acres (1.48 km2) of land within the Medini Iskandar Malaysia, and it is poised to become the leading business environment in South East Asia. Developments within this cluster include business parks, office blocks, high end hotels and convention center. The projects slated in Zone B including Media@Medini and Tech Park.
|Medini Central(Zones C, D and E)
Avira Resort Wellness Center
|Previously known as Cultural & Heritage Cluster, Medini Central is one of the three development parcels marked for development. The cluster spans 620 acres (2.5 km2) from the east region of Medini to the West Medini. It is intended to lift the quality of life of Medini. Medini Central is further divided into three zones, namely Trade & Logistics (Zone C), Creative Park(Zone D) and Heritage District (Zone E).
|Medini Lifestyle & Leisure Cluster(Zones A and F)
Afiniti Urban Wellness Center
|The cluster covers 1,274 acres (5.16 km2) of land mass in the Medini Zone, or approximately 55% of the total land area of Medini Iskandar Malaysia. There are two zones within this cluster, which are Medini North and Medini South.
Since the investment and development concept in Medini involves local retention of freehold ownership, the concept of ownership in Medini is based on lease structure whereby at the end of the lease period, the land will revert to Iskandar Investment Berhad (IIB). Each transaction carried out by the registered lessee will only involve transaction of lease and not the freehold title of the land. To the best of my knowledge, all the projects slated in Medini currently are 99-years leasehold. However, the investors of Medini will enjoy the significant incentives package offered by the government authorities.
Amongst the incentives offered to investors in Medini Iskandar are as following:
|Businesses (IDR Status Companies)
** IDR-status qualifying activities : Tourism; Healthcare; Education; Creative; Financial; Logistics.
Medini North – Zone A
To date, Medini North in Zone A is the most active zone (among all six zonings) with significant number of development projects completed/ going on. The following map and table summarized the completed and planned key projects.
- The Straits Times
- The Star