The highly anticipated metropolis centre of Medini at Iskandar Malaysia will have reasons for those in the healthcare, logistics, tourism, education, financial advisory and creative to look its way.
Poised, planned and perfecting the score of Iskandar Malaysia’s masterplan, Sunsuria Bhd joins the development buzz as another proud Malaysian flag bearer to grace this new address. Sprawled over a sizable 82 acres, this shall be home to Sunsuria Bhd in the southern region of Malaysia.
Planned with a mix of commercial units, retail parks and serviced suites, the full works of a Sunsuria signature development will stand proud in Nusajaya’s 2,230 acres township or also known as Iskandar central business district.
Getting off to a good start is the two and three-story shop-office lots dubbed the IONS to cater to the enterprising business owners and property investors. It comes with a comfortable space of 1,200 sq ft to 2,160 sq ft per unit of floor area and are priced from RM1.5 million for the two-story and from RM2.5 million for the three-story. In all, 211 units will be immediately available.
Looking slightly further into the not too distant future, the developer has another 78 units of 1½-storey shop offices and a project of serviced apartments on a 4.89 acres plot on its drawing board. What this simply means is that the commercial spaces of shop offices and service residences will complement each other as life takes place in this brand new locality.
The attraction of Sunsuria Medini lies in its DNA make-up where it is designed perfectly for business, investment and the international community. From a business standpoint, the 10-year tax exemption for the selected six industries of healthcare, logistics, tourism, education, financial advisory and creative are certainly a welcoming bonus. It helps with stabilizing a business after the initial teething years and gives a peace of mind for a decade long knowing that your costs are predictable and manageable.
From an investment perspective, the exemption of Real Property Gains Tax until year 2020 makes it a resoundingly positive reason for all categories of purchasers and investors to have a piece of Sunsuria Medini. You will literally be the only few in the country to be afforded this benefit.
The welcoming stance for our expatriate friends is also something to shout about. This includes a 15% tax rate scheme and tax-free motor vehicle purchases for individuals. For those aspiring to run their own enterprises, an accommodative business policy is already in place to facilitate this. Cost is therefore at an all time low to operate both a business and life for the expat community.
Since inception in 2006, Iskandar Malaysia has grown from strength to strength. They have risen to match the plans on the blueprint from day one. Today, we see in reality the education hub of EduCity, international standards filming studio of Pinewood Iskandar Malaysia Studios, theme parks like Legoland Malaysia, Hello Kitty Town, Little Big Club and Lat’s Place, and now, the soon to be opened New Southern Link Coastal Highway which promises an even faster connectivity to our neighbor Singapore.
The plans of Iskandar have indeed come a long way. The establishment of Nusajaya as a city centre is evidently visible as road linkages such as Lebuhraya Persisiran Pantai JB – Nusajaya, Tanjung Pelepas highway, the Pontian highway and the main access roads of Jalan Gelang Patah and Jalan Nusa Perintis all connecting to it. These connecting points enable you to reach the Senai International Airport in just 25 minutes. Even the second Malaysia-Singapore Checkpoint and the Johor-Singapore Causeway are a mere 15-minute and 25-minute drive away respectively.
For the developer, this maiden foray into the southern state will only prove one thing. That its visionary foresight into this part of the world shall not stop just here. Having delivered more than 2,500 properties with milestone projects beyond the typical real estate play such as the Xiamen University Malaysia Campus and Township in Salak Tinggi, the creative possibilities inherent in this company shall be endless. But it all begins now with Sunsuria Medini, and this shall be a chapter that will be bright and promising.