SINGAPORE: Afiniti Residences in Medini North, Iskandar Malaysia, Johor, was sold out on launch day last Saturday with Malaysians making up 72% of buyers, of whom 37% are Johoreans. Singaporeans accounted for another 25% of buyers, and the rest were bought by nationals from Indonesia, India and China.
Afiniti Residences is part of Afiniti Medini, a 2ha integrated development which also includes a wellness centre, wellness-themed retail offerings, a corporate training centre and serviced apartments.
It is developed by Afiniti Residences Sdn Bhd, a wholly owned subsidiary of Pulau Indah Ventures (PIV), a 50:50 joint venture between Khazanah Nasional Bhd and Temasek Holdings. The entire development is scheduled for completion by end-2015.
Roslina Arbak, general manager of PIV, said: “We are heartened by the positive response to Afiniti Residences as it reflects the strong demand for urban wellness living for those seeking a work-life balance and respite from their busy lives.
“PIV also continues to see interest from tenants keen on spaces in the wellness centre, retail and training areas. — Bernama
This article first appeared in The Edge Financial Daily, on June 10, 2013.