Medini – The Next Wave for Iskandar Malaysia (Zone B)

Medini – The Next Wave for Iskandar Malaysia (Zone B)

– 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。

李显龙表示看好特区未来5年至10年的发展，且认为特区具发展潜能，因此可作为新国企业扩展业务的平台。

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

我国首相拿督斯里纳吉及新加坡总理李显龙莅临马来西亚依斯干达区的Medini，为上述两项计划的命名进行揭幕及动土礼。

So where/what is Medini? Where are these wellness projects located exactly?
那Medini是什么？这两个保健计划的实际地点又在哪？

The Medini

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:

计划中，这里基本上划分为3个主要板块和6个小区：

The Incentives

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:

值得一提的是Medini是政府计划下的一个特别区域，在这里外国人不受RM500K的限制，楼盘也没有土著保留单位。经商的投资者可以得到许多政府提供的奖掖和税务回扣。

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.

A区里的Medini北是现在工程发展集中的地方，以下为一部分计划中的新项目供参考：

Projects	Descriptions
Legoland Malaysia.	With 40 Interactive rides, shows and attractions designed to the highest   international standards, LEGOLAND Malaysia opened in September 2012.LEGOLAND® Malaysia is the sixth LEGOLAND to be built in the world and the   very first in Asia. The LEGOLAND Park is operated by Merlin Entertainments, Europe’s   Number 1 and the world’s second-largest visitor attraction operator.
Mall of Medini	Just next   to LEGOLAND, Phase 1 of Mall of Medini offers an intimate high-street,   colonnade-style retail setting with a naturally ventilated shopping environment   celebrates Malaysia’s tropical climate.
1Medini & Medini Signature	1Medini is the first residential project to launch in Medini.The 1.91 million square feet GFA of residential towers spread over 11   acres combines pratical high-living facilities with revolutionary   eco-friendly design.Total 1,332 units will be launched in four phases over six years.
Medini Square	Medini   Square is a 1.05 million square feet GFA mixed-commercial development on 6   acres of land to complement the other attractions in Medini North.This   2-phase development comprises retail space, shop offices, SOHO units and an   office tower.
The Meridin @ Medini	The Meridin@Medini, an almost 9-acre RM1.1 billion mixed-use development   in Medini by Mah Sing Group, will comprise the Meridin Suites residences,   Meridin Linx small office versatile offices, Meridin Walk lifestyle retail   mall and Meridin Exchange corporate towers.Meridin Suites consists over 700 units of residential studio suites.
D’ Residences	A luxury   condominium consisting of a two high rise towers sitting gracefully on 6.31   choice acres in the heart of Medini North.This   residential enclave is envisioned aspires to global design and green   standards, focusing primarily on flexibility for growth and sustainability.
Gleneagles Medini Hospital	This 15-acre project in the heart of Medini North entails a 2-phase   development of a comprehensive and fully integrated healthcare service   platform.Future developments will include a medical office block, rehabilitation   center, a nursing home, a hospital residency and other healthcare facilities   housed in adjacent buildings.
Afiniti Urban Wellness Project	Located   adjacent to Gleneagles Medini Hospital, this project spans almost five acres   and is expected to be completed within the next four years with construction   commencing in 2013. The project includes a wellness centre, a corporate   training centre, service apartments, strata residences and retail.
Medini “Office Towers” Project	Ra Ta Land’s yet to be named twin towers will be the first commercial   high rise project in Medini, with a magnificent view of LEGOLAND and Mall of   Medini.The two 25-storey towers with 750,000 square feet GFA is expected to be   complete in 2015.
iMedini Walk	Tang Group   intends to build a mixed development that will include residential and   serviced apartment towers, a hotel and shophouses.The 250   hotel and serviced apartments will be located in the towers north of the site   and overlook Legoland, while the residential apartments will be located in   the towers to the south of the site, with views towards Puteri Harbour.
18@Medini	18 @Medini will be the very soul of Medini Iskandar with its colourful   and diverse offerings to include retail spaces, small office home office,   small office versatile office, corporate offices, showrooms, food and   beverage outlets, business and entertainment centre, indoor sports and   exhibition centre, service apartments and hotels.

Reference:

参考文献：

1. The Straits Times
2. The Star
3. www.asiaone.com
4. www.pinewoodgroup.com
5. www.iskandarmalaysia.com.my/
6. www.medini.com.my
7. www.gcdmedini.com
8. www.skyscrapercity.com
9. www.nanyang.com.my