Last Friday, on 10.10.2014, I was invited by MIdeas Creations to attend a “Experience Paradiso Event” by Zhuoyuan Iskandar at Sime Darby Convention Centre.
Paradiso Nuova – iconic development in Medini Iskandar, project showcase. High-end luxury living at an affordable price. Zhuoyuan Iskandar has launched it’s flagship development, an affordable luxury lifestyle opportunity built in the heart of Medini, a new and emerging urban metropolis approximately ten minutes from Singapore’s second link.
By the way, I’m representative of Malaysia Real Estate Blog – Jeffery Lam attending to this event
Malaysia, 10 October 2014 – Zhuoyuan Iskandar, a joint venture company backed by China’s Zhuoda Group and Malaysia’s Iskandar Investment Berhad (IIB) through its subsidiary Medini Iskandar Malaysia Sdn. Bhd. (MIMSB), today we bring to Kuala Lumpur the most exciting property development in Medini Iskandar Malaysia – Paradiso Nuova.
More than 200 guests from business partners and the private sector attended the project showcase which was attended by Mr. Khairil Bin Anwar Ahmad, Managing Director of Medini Iskandar Malaysia Sdn Bhd, as Zhuoyuan Iskandar also unveiled its Kuala Lumpur Sales Gallery in Wisma Goldhill, Jalan Raja Chulan.
“The most compelling achievement of Iskandar Investment Berhad (IIB) has been the completion of the catalytic projects which are critical towards the creation of a sustainable ecosystem of a livable city that is Iskandar Malaysia. This would not have been possible without the excellent infrastructure and the support of both the federal and state governments,” said Datuk Syed Mohamed Ibrahim, President/CEO of Iskandar Investment Berhad. “As investor interest continues to intensify, so is our focus to maintain the momentum for sustainable growth. We feel Paradiso Nuova, represents the future of quality living in Medini. More than just a collection of spectacular, high-quality apartments, Paradiso Nuova will offer a way of community living that integrates the best of East and West.”
Paradiso Nuova, located approximately ten minutes from Singapore’s second link, is an affordable yet high-end quality development that presents an exciting opportunity for home buyers looking for a luxury lifestyle living concept that is underscored by strong investment expectations.
“Iskandar Malaysia is a leading international example of diligent planning and foresight on the part of the Malaysian government. Throughout the region there are exceptional investment opportunities and we are honoured to be able to play an integral role in contributing to Iskandar Malaysia’s growth with the development of Paradiso Nuova,” said Mr Wang Bin Wu, CEO of Zhuoyuan Iskandar Sdn Bhd. “With Paradiso Nuova, we will bring to life a standard of living which represents the best of Singapore, Hong Kong, Taiwan and Kuala Lumpur, but at a significantly lower cost base and backed by attractive investment incentives.”
Complete with exquisite furnishings and international quality construction materials from the finest suppliers, the 35-storey towers, standing at 122 meters in height, will contain 382 apartments that are, on average, 20 per cent larger in comparison to Singapore properties – making it an oasis of grandeur that offers personalised attention and luxury from the ground-up.
Symbolic of Iskandar Malaysia’s rapid growth and the local and regional demand for compelling investment opportunities, Paradiso Nuova reflects the higher quality expectations of luxury living, but at a significantly lower cost base with attractive investment incentives. Paradiso Nuova enjoys many unique incentives only available in Medini such as exemption from RPGT, exemption from RM1,000,000 threshold for foreign buyers, no Bumiputra quota which is 100% international lots and no restrictions on ownership transfers to foreign buyers.
Paradiso Nuova is strategically situated in the heart of Medini in close proximity to recreational, commercial and business centers such as Gleneagles Medini Hospital, Educity, LEGOLAND® Malaysia theme park, Pinewood Studios and Medini SME Business Park, making it the optimal residential address in Iskandar Malaysia.
Zhuoyuan Iskandar Malaysia Grand Gallery is located at Medini, Nusajaya, Johor Bahru, Malaysia [GPS location: Latitude: 1.42065 (01°25′14.357′′N), Longitude: 103.62856 (103°37′42.799′′E)], Singapore Showcase is located at 133 New Bridge Road, Chinatown Point, #02-08, while the Kuala Lumpur Showcase is located at Lot 1.02, Ground Floor Lobby, Wisma Goldhill No. 67, Jalan Raja Chulan, 50200 Kuala Lumpur.
For more information about Paradiso Nuova, please visit www.paradisonuova.my or follow them on:
Q: What is Medini?
A: Medini is a greenfield development spanning 2,230 acres designed to become the Central Business District of Iskandar Malaysia.
Medini is the heart of Nusajaya surrounded by established signature developments such as EduCity, a international best-in-class education hub; Pinewood Iskandar Malaysia Studios, with over 100,000 sq ft of film stages; Kota Iskandar, the new Johor State Administrative Capital; Puteri Harbour, a premium waterfront development across the strait from Singapore; Horizon Hills, home to one of the best golf clubs in the country – and most significantly, Medini is the home to the newly opened LEGOLAND® Malaysia theme park, the first LEGOLAND in Asia.
Medini is master planned community with four distinct development clusters:
– Medini North : Zone A
– Medini Business : Zone B
– Medini Central : Zones C, D and E
– Medini South : Zone F
This international integrated mixed-use township development began in 2007 with an initial capital investment of RM4.1 billion (US$1.4 billion). To date, RM1.84 billion has been spent to complete the infrastructural works.
The 2,230 acre site translates to 96 million square feet of land and contains a total Gross Floor area (GFA) of almost 188 million square feet with an expected Gross Development Value (GDV) of more than RM68 billion (US$22 billion) over the 20 year development plan of Medini.
During the event, we were all well served by the friendly Zhuoyuan Iskandar Team members, as well as the event organizer. Also, not forgetting to put down my signature at this memorable event.
Some key takeaways as below:-
1. Paradiso Nuova is a 10 years development which cater mainly for these 3 markets (a) Malaysian (b) Singaporean (c) Others like China, Japan Australia and etc
2. Most of the units presented are more to family orientated and with furnished package, targeting the age group buyers of 25 – 35 years old
3. The relationship between both country, China and Malaysia remained strong despite some unpredictable incidents in the first half of year 2014
4. There will be a station at Nusajaya for Malaysia High Speed Rail linking from Kuala Lumpur to Singapore
5. The office space in Medini is now under supply, but there is a huge demand on it
6. No RPGT until year 2020, the rest of the incentives in Medini will remain
7. Medini is like KLCC in KL or Orchard Road in Singapore
8. Medini is backed by the government, meaning this project is hard to fail
9. Medini is the headquater and regional office for lots of MNC, and the central attractions of talented, skilled and knowledgeable workforce
10. The road infrastructure are excellent, lots of inner road highways and toll free
At the end of the press conference, we all agreed that there are still lots of people not aware on the whole progress of Nusajaya and Medini. It is such an excellent development by the government, yet still very much under exposure. We should play a role to do more event, awareness and promotion campaigns to unlock the potential of it.
They also brought up the idea of setting up a special trip to bring the media to go “Experiencing Medini, Nusajaya”. I am very much looking forward to that.
If you love to receive more future updates, or tag along with me to any future property events, and most likely I will be organizing a special trip for you guys as my blog subscribers to Medini as well. All you need to do is just subscribe to my mailing list. And, I will get you notify through emails for my future events.