Mah Sing to launch final tower of Meridin Suites Residences

KUALA LUMPUR: Mah Sing Group Bhd launched the final tower — Tower B, of its Meridin Suites Residences in Meridin@Medini integrated development in Nusajaya, Johor, on July 20.

The developer will simultaneously open The Meridin@Medini's Property Gallery in Bandar Medini. The gallery will showcase two of Tower B's show units — 1-bedroom from 521 sq ft and 3-bedroom from 1,064 sq ft.

The developer said in a statement that Tower B offers the public a last chance to own a part of the first phase of Meridin@Medini.

The development comprises three towers of 32, 35 and 36 storeys with one- to four-bedroom units. All units come with partially-furnished interiors and an option of balcony extensions. The units have built-ups of between 521 and 2,134 sq ft and are priced from RM387,000 onwards. When Mah Sing conducted Tower A & C's balloting in May, 75% or 446 previewed units were pre-selected within five hours.

Tower B offers 161 units of 2- and 3-bedroom suites with built-ups from 968 sq ft, priced from RM757,000 onwards.

The 8.19-acre (3.28ha) Meridin@Medini has a gross development value (GDV) of RM1.1 billion.

Mah Sing presently has a GDV of RM6.4 billion and RM276 million in unbilled sales from its remaining 363 acres in Johor.  

Its projects in Iskandar Malaysia and Johor Baru include the 35-acre Meridin @ Senibong (GDV: RM4.35 billion), the 261-acre Sierra Perdana township in Tebrau-Plentong (GDV: RM672 million) and the 168-acre Austin Perdana township in Tebrau (GDV: RM672 million).


This article first appeared in The Edge Financial Daily, on July 19, 2013.