The Meridin @ Medini is a mixed development focusing on all aspects of human needs. From food, entertainment, and accommodation, it has it all. Located in Bandar Medini Iskandar Malaysia, an upcoming township in the heart of the growing city of Nusajaya, Johor, this development will be a prospect for most markets, from investing to purchasing to stay.
The development boasts of high-rise buildings that house residential units, a hotel, offices and retail lots. Units here are sized between 250 sf to 2,141 sf, with larger units provided for the shop towers. The selling price for Meridin Sovo starts from RM340,850, while residential units of Meridin Suites Residence are launched at RM537,000. The variety provided will entice investors and families alike to get a unit here.
Tenants will be given a treat with the amount of facilities provided. A function hall is built for social gatherings and events, whilst a games room, squash court, yoga deck, fitness par course, gym and swimming pools are also included for recreational purposes. Tenants looking for some rest and relaxation can enjoy the sauna and jacuzzi that are part of the facilities included. There is also a 4-acre thematic hanging garden that not only spruces up the place more, but gives residents the illusion of being closer to nature, in the heart of an urban town.
Located in an area that is still under development, it may take some time to see more amenities that are closer to The Meridin being developed. However, the amenities that are outside of the township are not too far away. One of the closest landmarks to the mixed development is Legoland. Apart from that, there is also a hospital nearby, which will be of convenience to the tenants. The Medini Mall is also a stone’s throw away. Other than the mall, there is a Mydin hypermarket nearby that will provide an extra option for shopping. A short drive away will bring tenants to Educity, which houses 3 franchise universities, University of Southampton, Newcastle University of Medicine Malaysia, and University of Reading Malaysia. This will be prospective to investors and students who are looking to rent a unit.
The Meridin @ Medini is easily accessible via the Second Link Expressway, which links the state, and eventually joins with the North South Highway (NSE), giving access to the whole of the Peninsula. Another selling point for the mixed residence is via the Second Link Expressway, Singapore is just 15 minutes away, minus the traffic that flows through the immigration. Or alternatively, the mixed residence is a 45-minute ferry ride away from Singapore.
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Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| The Meridin @ Medini | 0 |
RM236,000
-
RM500,000
RM 248 psf - RM 858 psf |
RM800 - RM800 | NIL | 5.54 % |
| 1Medini | 2015 |
RM283,000
-
RM496,000
RM 250 psf - RM 642 psf |
RM1,100 - RM1,100 | NIL | 5.55 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | - |
| 500 - 1,000 SQ. FT | - | - | - |
| 1,000 - 1,500 SQ. FT | - | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Note:
| Down Payment (10%) | RM 34,085 |
| Loan Amount ( 90 %) | RM 306,765 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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