Vast Opportunities Lie in the Special Economic Zone of Medini in Johor, Malaysia

| 25 Oct 2018

As Malaysia's new economic center, the Special Economic Zone Medini boasts a constellation of economic activities, excellent investment incentives, and has already attracted renowned international firms. It has built an excellent foundation for the upcoming serviced residence Citadines Medini.

Medini Malaysia - 'the future Shenzhen of Singapore'

In Malaysia's southern state of Johor, the Medini special economic zone stretches along the main Southern development corridor. Currently, this region has received RM262.43 billion in cumulative investment, and its activities range from manufacturing, tourism, healthcare, emerging technology, education, finance, creative, to a plethora of miscellaneous industries.

Adjoining the Singaporean border, Johor is a fast-growing region akin to Shenzhen vis-a-vis its relationship with Hong Kong, and boasts immense development potentials.

As this special economic zone benefits from no real property gain tax, reduced expat income tax for qualified knowledge workers, and corporate tax could be exempted for 10 years for approved companies, it has attracted an influx of international corporations with the freedom to source workers globally without restriction.

To date, many international firms have already settled in Medini. Microsoft has invested RM5-6 billion to set up its data center, while Huawei has set up its first regional data hosting center for its Asia Pacific Digital Cloud Exchange service. Hershey, one of the largest global chocolate manufacturers, has invested RM 816 million for a new 70,000-sq. ft. manufacturing plant, while UK-based Pinewood studio has also settled in the area. Therefore, the demand for housing for expatriates has risen sharply.

UMCity Medini Lakeside - the fruit of visionary city planning

The UMCity Medini Lakeside development is a 30-acre mixed-use project in Medini, with a 13-acre landscaped natural lake. Brought to buyers by one of Malaysia's top 10 developers UMLand, and construction partner Samsung C&T - builder of the world's tallest building Burj Khalifa in Dubai, investors can rest assured of the project's quality and appreciation potentials.

Thanks to outstanding city planning, the development enjoys excellent connectivity. It is merely 20 minutes away from the Singapore customs 'Tuas Checkpoint', and 3 minutes to Legoland by car. Other tourism hotspots nearby include the Puteri Harbour and Johor Premium Outlet, both providing abundant shopping and dining ideas.

EduCity, another highlight of the Medini zone, features a myriad of recognized educational institutes, including University of Southern California and Raffles University. For primary and secondary education, boarding schools are scattered across the neighborhood, for instance, the Marlborough College Malaysia and Raffles American School.

Citadines Medini - a branded serviced residence

Among UMCity Medini Lakeside's 5 residential, grade-A offices, shopping mall, and hotel buildings, branded serviced residence Citadines Medini stands out for being serviced by The Ascott, one of the world's largest international serviced residence owner-operators.

Overlooking the scenic lake, the wide-ranging activities are designed to bring peace, harmony and entertainment to residents. The Scenic Zone is lined with a stroll garden, wetlands, and the Lakeside Promenade; the Leisure Zone boasts rolling hills, luxuriant gardens and more; and the Active Zone is equally charming with jogging paths and a skate park.

To be completed in Q2, 2020, Citadines Medini offers apartments ranging in area from 431 to 1,291 sq. ft. , available in studio to 2-bedroom configurations, with vistas that take in the picturesque lake as well as vibrant Legoland. At this inaugural launch in Hong Kong, the fully-furnished apartments are offered from HK$760,000.

Info box

Citadines Medini Pioneer Launch Exhibition

Date: 27th & 28th October, 2018 (Saturday & Sunday)

Time: 10am-7pm

Venue: 3rd Floor, Man Ho Lounge, JW Marriott Hotel, Admiralty

To reserve your attendance, please call (852) 2869 6683 or email info@jlgroup.hk

Info box

Citadines - UMCity Medini Lakeside

Size of units: 431 to 1,291 sq. ft

Layout: Studio to 2-bedrooms

Expected completion date: Q2, 2020

Prices starting from: HK$760,000 (Inclusive of furniture)

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