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

Last Updated August 26, 2021

Reading Time 10 minutes

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

– by MySgProp, Apr26 2013.

Medini - The Next Wave for Iskandar Malaysia (Zone B) 1

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。

Medini - The Next Wave for Iskandar Malaysia (Zone B) 2

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 - The Next Wave for Iskandar Malaysia (Zone B) 3

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。

Medini - The Next Wave for Iskandar Malaysia (Zone B) 4

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:

Medini - The Next Wave for Iskandar Malaysia (Zone B) 5


Medini Business District(Zone B)

 

Medini - The Next Wave for Iskandar Malaysia (Zone B) 6

 

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.

 

  • Media @ Medini is a multi-user creative environment designed to support and complement Pinewood Iskandar Malaysia Studios impressive film and television stages.
  • Tech Park aims to support and induce the growth of an office-space work force population in Medini in these early days. Tech Park is aself-contained development offering tenants and investors the range of Medini-specific incentives with an attractive business address and sense of place.
Medini Central(Zones C, D and E)

 

Medini - The Next Wave for Iskandar Malaysia (Zone B) 7

 

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).

 

  • Trade and Logistics Zone houses the operational aspect of Medini Central offering world class integrated services including warehousing, distribution (transport and freight services), packaging and business process outsourcing.
  • Creative Zone will boast a high end infrastructure to support the transformation of Medini Central into the new age of high-tech; catering for international companies involved in creative research and development, animation, broadcasting, movies, digital content and application sectors.
  • Heritage Zone is an area of approximately 210 acres. Boasting the development of exclusive high end landed properties, the zone will house condominiums offering one dreams; surrounded by an exclusive clubhouse and a resort hotel, a private school and a suburban commercial centre that will cater all of one’s needs. One of the Wellness Project – Avira Resort Wellness Project is here! Avira consists of a total of 2,491 units of bungalows, semi-detached homes, terraces and condos, as well as commercial space.
Medini Lifestyle & Leisure Cluster(Zones A and F)

 

Medini - The Next Wave for Iskandar Malaysia (Zone B) 8

 

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.

 

  • Medini North (Zone A) is located at the norther tip of Medini Iskandar Malaysia, spanning 570 acres (2.3 km2). Zone A has most of the activities going on right now! Several infrastructures had been built, including LEGOLAND theme park and Mall of Medini. Afiniti , the Urban Wellness project will also be built in this Medini North, which caters to corporate professionals and comprises a corporate training centre, serviced apartments, a wellness centre, shops and 147 homes. We will explore on this Zone in the later section.
  • Medini South (Zone F), overlooking the Straits of Johor and Singapore, will feature a low density developments such as villas, a golf course, boutique retail centres, as well as a health and wellness village. One of Malaysia’s largest property construction conglomerates, Sunway Group, is the biggest developer in Medini, with almost 700 acres. Sunway’s plans are for “an iconic development which will capture the local, regional and international market segments”. Zone F has an estimated GDV of RM12 billion (US$3.8 billion).

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:

Businesses (IDR Status Companies)
Individual Purchasers
  • 10 year income tax exemption* OR
  • Investment tax allowances of 100% for 5 years
  • Exemption from RPGT
  • Import duty/sales tax exemption

 

** IDR-status qualifying activities : Tourism; Healthcare; Education; Creative; Financial; Logistics.

  • No RM500,000 threshold for foreigners
  • International & local buyers both have the pick of choice units (bumi lots allocation)

 

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:

medini_dresidences
ProjectsDescriptions
Legoland Malaysia.              Medini - The Next Wave for Iskandar Malaysia (Zone B) 9                                                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 MediniMedini - The Next Wave for Iskandar Malaysia (Zone B) 10Just 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 SignatureMedini - The Next Wave for Iskandar Malaysia (Zone B) 111Medini 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 SquareMedini - The Next Wave for Iskandar Malaysia (Zone B) 12Medini   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 @ MediniMedini - The Next Wave for Iskandar Malaysia (Zone B) 13The 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’ ResidencesMedini - The Next Wave for Iskandar Malaysia (Zone B) 14A 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 HospitalMedini - The Next Wave for Iskandar Malaysia (Zone B) 15This 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 ProjectMedini - The Next Wave for Iskandar Malaysia (Zone B) 16Located   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” ProjectMedini - The Next Wave for Iskandar Malaysia (Zone B) 17Ra 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 WalkMedini - The Next Wave for Iskandar Malaysia (Zone B) 18Tang 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@MediniMedini - The Next Wave for Iskandar Malaysia (Zone B) 1918 @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

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