KUALA LUMPUR: A private preview of Meridin Suites Residences in Johor Baru on May 11 attracted some 1,500 visitors and within five hours, 75% of 595 available units were pre-selected by potential buyers.
A total of 446 units with a total value of RM261 million were pre-selected in those few hours, according to developer Mah Sing Group Bhd in a statement. Meridin Suites Residences, which comprises three towers of 32 to 36 storeys with a total of 756 serviced residences, makes up Phase 1 of integrated development The [email protected] in Iskandar Malaysia, Johor. Phase 1 also includes the Meridin Walk Lifestyle Retail.
The [email protected] sits on 8.19 acres (3.31ha) of freehold land and has an estimated gross development value (GDV) of RM1.1 billion.
The preview, for those who had registered for Meridin Suites Residences earlier, featured phase 1A, comprising towers A and C.
Units have built-ups from 521 sq ft with an indicative price of RM387,000 onwards.
A breakdown of the buyers showed that 65% of the units were selected by Malaysians while the rest were by foreign investors from Singapore, Japan, South Korea, Taiwan and Indonesia.
Subsequent phases will be Phase 1B (tower B) and Phase 2 comprising the Meridin Linx Small Office Versatile Offices (SoVo) and Meridin Exchange Corporate Towers.
Meanwhile, Mah Sing will be launching the third and final block at its M City serviced residences development along Jalan Ampang in Kuala Lumpur this weekend at its property gallery in The Icon at Jalan Tun Razak.
M City is an integrated development comprising SoHo Suites (block 1), serviced residences (blocks 2 and 3), as well as lifestyle retail and sky villas to be launched in the future.
Block 1 has been fully sold while block 2 is 90% taken up. The development’s lifestyle retail is nearly 100% taken up.
Block 3 offers a choice of studio, simplex and duplex units with varying room configurations. The units offer built-up areas of 506 to 1,903 sq ft with a price of RM750,000 to RM2.6 million.
All the units are fully furnished with bedroom wardrobe and vanity cabinet, kitchen cabinets, air conditioner units, refrigerator, washer cum dryer, microwave oven, built-in hood and hob as well as water heaters in the bathrooms.
Facilities for M City include a cantilever viewing deck, swimming pool, pool deck, gymnasium, steam and sauna room, squash court, game room, function room, business centre and meeting room as well as a child care centre. Residents will also enjoy over four acres of greenery with thematic hanging garden. The project has a Malaysia Green Building Index gold certification.
This article first appeared in The Edge Financial Daily, on May 17, 2013.
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