d'Pristine @ Medini
||dPristine Medini Sdn Bhd (fully owned subsidiary of B&G Capital Resources Berhad)
||Located at Medini North of Medini Iskandar. Only mins walk to Legoland Theme Park and Mall of Medini.
|Property Type :
||Mixed Integrated Commercial Development comprising of:
- 2 Residential Towers (1,187 SOFO units)
- 1 Grade A Office Tower (412 units)
- 1 Hotel Tower (4 star hotel with 300 rooms)
- 3 Storey Inter-Connected Retail Mall & Convention Centre
Unit Mix :
|1,187 SOFO* units comprising of :
* SOFO is Small Office/Flexible Office. Much like its name, SOFOs are small units that offer owners greater flexibility in terms of how they decide to use their space –be it for residential or commercial purposes or both.
- 1 room (644 sqft)
- 2 room (771 sqft)
- 3 room (1,308 sqft)
- 3 room DK (1,416 sqft)
||99 years lease commercial land
|Expected TOP :
|Maintenance Fees (incude sinking fund) :
||Proposed 15c - 20c psf.
Buzz over Temasek-Khazanah condo - The Straits Times
dated 5 Jun 2013
147 units at Afiniti Residences in Iskandar launching
on Saturday BUYERS are queueing up to get a foot in the
door of the first property launch to emerge from the
partnership in Iskandar Malaysia between Temasek Holdings and
All of the 147 units at Afiniti Residences will be
launched for sale at a balloting exercise on Saturday morning
at the Traders Hotel at Puteri Harbour in Iskandar.
About 1,570 people have registered their interest online
for the 129-year leasehold condominium, which is next to
Legoland in Nusajaya, with more signing up since registration
closed last week.
Ms Roslina Arbak, general manager of Pulau Indah Ventures
(PIV), the 50-50 joint venture firm formed by Temasek and
Khazanah, said two-thirds of those who have registered are
Malaysians, while 32 per cent are Singaporeans.
The enthusiasm does not seem to have been dampened by a
weekend announcement by Johor Menteri Besar Mohamed Khaled
Nordin that the state will increase tax rates this year for
property- owning foreigners. Ms Roslina said there has been
little impact: “We have not received any calls to ask about it
and nobody has withdrawn their registration.”
The units range from 484 sq ft to 1,064 sq ft, with
completion expected in 2015. They cost between RM850 (S$340)
psf and RM1,000 psf although homes overlooking Legoland will
command higher prices. The smallest unit will cost just under
Afiniti Residences is the first property to be launched
in the Medini area and the first batch of leasehold homes to
be sold in Iskandar. Previous launches have involved freehold
This makes it hard to compare Afiniti’s prices with past
launches, said Mr Chris Koh, director of property consultancy
Chris International. “Teega, a (freehold) condominium at
Puteri Harbour, was launched at about RM800 psf in the last
quarter of last year, and that was freehold, so it would seem
cheaper,” he said.
“However... although it’s leasehold, because Medini is
being touted as the next Orchard Road, it would appeal to
people who want that kind of convenience.”
The entire Afiniti Medini site spans 2ha and will feature
Afiniti Residences, a five-storey wellness centre with
health-related offerings and services, a 310-unit serviced
apartment managed by The Ascott, a four-storey corporate
training centre and some shops.
PIV and Malaysian developer Eastern & Oriental are
developing Avira, an 85ha site in Medini with a similar
Avira will feature wellness services, landed houses,
serviced apartments, condominiums and commercial space. The
project will be launched in the coming months.
Afiniti Medini and Avira will have a total gross
development value of RM3 billion.
Afiniti condo in Iskandar sold out in under six hours
- The Straits Times
dated 10 Jun 2013
AFINITI Residences, a condominium
project in Iskandar Malaysia,
was sold out within 51/2
hours last Saturday, with Singaporeans
making up a quarter of
the successful buyers.
Over a thousand people
turned up that day at a balloting
exercise for the project in
Iskandar’s Medini area, vying
for just 88 units.
By 4.30pm, all available units
had been sold.
The project, developed by
Pulau Indah Ventures (PIV), a
50-50 joint venture between Temasek
Holdings and Khazanah
Nasional, will have 147 units.
However, 59 of these units
had been set aside for stakeholders,
including the developer and
Malaysians made up 72 per
cent of the buyers, with those
from Johor taking up 37 per cent
of the units.
Singaporeans formed the next
largest group of buyers, taking
up 25 per cent of the homes on
The remaining units were
sold to Indonesian, Indian and
The homes ranged in size
from 484 sq ft to 1,064 sq ft.
Prices started from less than
RM500,000 (S$202,000) for a
studio apartment to less than
RM1 million for a two-bedroom
unit with a study.
This translates to RM850 to
RM1,000 per sq ft, with units
facing the Legoland theme park
commanding higher prices.
“PIV is also in conversations
with a few international property
management companies to
provide property management
and external leasing services to
buyers,” the developer said in a
The developer added that it is
also seeing interest from corporate
tenants who are keen to
lease the commercial spaces in
“We will be selective in the
choice of tenants and stay true
to our vision of establishing Afiniti
Medini as an iconic wellness
hub in the region for families,
tourists and professionals to enrich,
recharge and rejuvenate
themselves,” said PIV general
manager Roslina Arbak.
Afiniti Residences is part of
Afiniti Medini, a 2ha integrated
development which will also include
a wellness centre, wellness-
themed shops, a corporate
training centre and serviced
The entire development,
which is located next to
Legoland, will be completed by
end-2015, with construction having
begun earlier this year.
1 Jun 2013
Target balloting date:July 2013
Register your interest to receive the latest updates on d'Pristine @ Medini and be invited for the exclusive launch.
1 Room from RM450,000
2 Rooms from RM540,000
3 Rooms from RM960,000
3 Rooms DK from RM990,000
1) SPA Legal Fees and Loan Legal Fees Absorbed (Savings of between RM15,000 to RM36,000)
2) State Consent Fee Absorbed (Savings of RM10,500)
3) DIBS – Developer Interest Bearing Scheme (Developer absorbs loan interests throughout construction and loan instalment on starts upon completion of construction)
4) Free first year free car park lot
5) 4% rebate for cash buyer (payable upon completion)
3 room (DK)