Just wondering, as many agents/salesmen/friends have told me about Medini, is it really worth investing there at current prices? I heard it is as low as RM700psf, but can be as high as RM1200psf now... sounds quite steep.

Actually, depends on what you are looking for. As far as I know Medini got good range of properties although mostly highrise, but got shoplots/shop office, landed terrace house also.

While many are our local big name developers, I think got quite a few overseas players there also from china and hk. Singapore Temasek and Capitaland also got some projects there JV with Khazanah.

I think better check with friends who are based in that area and familiar about the developments there.

And not to forget.. go have a look of the surroundings and get the feel of the environment.

I see, any bros/sis here with projects to recommend? I heard there's no need to pay RPGT until 2020 or 2025, but is it true? Sure the government give these incentive? Last time at property fair I asked a salesman from certain developer on the shoplot, but the salesman cannot give me a real answer. The letter from Govt said must be resident of Medini... dunno how they defined "Penduduk Medini"

if you do buy a high rise, do chk out the strata issues. This is a problem for Medini only. being discussed by govt departments.

sgtrack, what kind of strata issues? That, no one has actually told me. Its not the same as normal high rise?

So medini got prospect or not? Saw 1medini residence almost complete.

A friend invited me to go and take a look over there. He apparently is either working for a developer or has close ties with a developer in the area. Wonder if anyone else wants to go? Probably go take a look at Legoland since I heard the water park was completed.

Sound good that you go take a look there. Maybe tell us more after the trip lor. Last time I went there was the filming for some Genghis Khan show. I saw the studio when my friend brought me there. Got lots of huts and a great wall of china there.

But same question, worth investing or not and which project is better?

http://www.viridea.net/index.php

I think can get below Rm800 psqft

I'm staying in JB and familiar with Iskandar. Someone mentioned about filming of Genghis Khan show in Iskandar - Yes that was for the Marco Polo, a Netflix TV series, filmed at Pinewood Studios. They are planning for Season 2 now. When they are in production, the actors and crews stayed in Traders Hotel nearby at Puteri Harbour. Knew someone who worked in that production, the producer paid very good day rate for this project. I believe more blockbuster film or TV series will come

Regarding property, the whole Medini is a 129 years leasehold area. Prices varied depending on location. I'm helping assisting a friend to sell one project nearby Legoland. Can PM me if interested

More actors coming...

@knwong: I heard that some projects are 99 years. Is there any big impact between 129 and 99? Most people I know that bought leasehold projects a few years back still made money so I'm ok with leasehold vs freehold.

@gicanktrl: Looks interesting. I dunno about the rest, but the floor plans are nice for office but not practical for resi... cos the bathroom separate and quite far from the bedroom.

@acekqj10: Maybe can share more with us after your trip lor. Not everyone has their own spy satellite monitoring the area =)

How are the crowds in medini area? Besides legoland, so far most of the developments are residential. They need to built more shops commercial to attract.people

food for thought.
http://www.channelnewsasia.com/news/busine...on/1790094.html

Starting mid year, JB will start experiencing influx of condo supply when condo bought in 2012 start VP . Now for sale/rent ads are already full with tropez,greenfield,pallazio,east bay,horizon residence,golden sands,setia condos ready to let or let go and that's just the beginning.

I almost bought Tropez Residence when i was working in Pasir Gudang. That was early 2013. Good thing i cancelled. It was a studio facing swimming pool at RM300K++.

Got scared of the development in JB so i bought a terrace house in Bandar Seri Alam instead by UMLand.

I heard even the landed shoplots Sunsuria is selling are being delivered in 3 years instead of the usual 2 years for landed/non-strata projects. Can anyone verify? :\

My friend bought 2 units at Paradiso. I saw the site and show unit and quite like it lor. Would recommend although its on the higher end. www.paradisonuova.my

Small units are almost finished but it seems there is a second phase coming up soon. Finishes probably better than other projects but really, you pay for what you get so its a fair deal gua...

Paradiso by china developer.nope. gonna pass.

what crowd? nobody there. kosong. only construction.

hahaha... I fear for iskandar from 2016 to 2018 when everything VPs..no need anymore commercial development cos many are gona be empty..

Actually, I think that is everyone's fear... but at the same time, I think the problem of Iskandar is not entirely understood. There are the older areas which seem to be doing reasonably well cos its developing slower. Then there's Austin which looks ok as well. Plus the industrial parks seem to be seeing a good take up apparently. But high-rise seems to be high-risk

Heard that Huawei and some other IT players are moving into Medini, is this true?

Iskandar needs around 10000 good jobs to fill up those apartments.. so far many many industrial jobs but maybe only 30-40% of them can afford this high end condo..

Absolutely no chance of it increasing in the next 2-5 years at all?

Yes thrs a chansi n mus build RTS (HSR has little effect fr iskandar)..IF rts can go into Sing, can bring over all the share service/back end/manufacturing jobs first..

30-40%? watlou you see so high up meh salary scale in Iskandar?
those condos all above 700psf leh....even in KUL I think around 10% of salaried employees can ill afford them.

Ujana occupancy ok or not? Can be use as benchmark as it was the 1st condo built in nusajaya and not too far from medini area.

Boss,

I expect rental yields to be low..3-4% so maybe rm1k per room.. ppl mus remember johor had negative real returns until 2010/2011..

I think in the shorter term, rentals based on spillover volume from Pinewood can be quite substantial and the rates for fully-furnished 1 bedroom as high as 3.5k a month. Anyone else heard of this?

anything is possible but i think it's unlikely to be so easily rented out for 3.5 k for one bedroom. perhaps short term 3 months stay or something.

http://www.iproperty.com.my/property/searc...=&au=&sby=&ns=1

This place is really really gonna be a BIG mess!

I can't even smell what's at the end of the tunnel, except for emptiness...

Mah Sing Group Bhd will develop the second Ramada hotel in the city, the Ramada Meridin Johor Bahru. It launched the first hotel, Ramada Encore in Meridin@Medini, Johor Bahru, in mid-September.

The Meridin@Medini has an estimated gross development value of RM1.1 billion, and both hotels will be managed by property management firm Topotels. The signing of the second franchise agreement was announced by Wyndham Hotel Group on Dec 8.

cheduled to open in 2018, the 26-storey, 322-room Ramada Meridin is integrated with the Meridin @ Medini development, which sits on 8.19 acres. Facilities offered in the hotel include a yoga and meditation deck, reflexology area, swimming pool, wading pool, lap pool, aqua gym, cafe, oasis garden, mini amphitheatre, tennis court, playground, pavilion and an outdoor gym.

Ramada Meridin is located about 45 minutes away from Singapore and less than a kilometre from from Legoland Malaysia. It will be part of the Medini township that is expected to become the central business district of the southern economic zone of Johor Bahru’s Iskandar region. It will be the fifth Wyndham Hotel Group property to open in Malaysia.

Been there several times
Seriously the land bank there is huge
Got development in so many places other than Medini
Got Eco spring
Eco Botanic
Horizon hill
Mount austin
Kempas
Country Garden
Danga Bay

So much development
Can the locals & Singaporeans fill up these property?
Nobody knows.

A lot of them are empty especially during the week. You can take a drive to horizon hills during the week in the evening. Only a handful of "full time " residents .

no news?

no foreclosue news. so no news can considered as good news.

the property all fully booked/sold?

no bad news?

There are edu city, pipewood studio, hua wei, sam sung and more to comes in... still cannot invest?

1) Oversupply at that area...too many investors instead of own stay..many empty condo can't rent out
2) Medini selling at premium price targeting Singaporeans
3) HSR delayed completion till 2025 or later
4) property at Iskandar will see negative returns for at least the next 5 years
5) Condo (leasehold) above 550psf will need to wait almost 10 years to see real gain provided management do a good job at keeping the place pristine

then where else? Desaru? 20yrs of project over there.. no place to stay...

something simple..fast ...reasonable price kind of transport between here and Singapore will boom this area..like monorail station to station
the problem now is
below middle class can't afford the condo here even though work in Singapore
middle class can afford but who want to fuss of travelling take so much time and mess. rather rent in Singapore
high class..may buy and leave it for weekend house. dun even stay often. and won't want to rent out

so where you going to find people to come here....

another way is develop the city itself where local people choose to work in there instead of let say kl or Penang

Then puteri iskandar cannot go lo.. but most of the developer giv GRR... 2-3yrs..

[quote=Michael_ote,Nov 16 2016, 03:30 PM]
Then puteri iskandar cannot go lo.. but most of the developer giv GRR... 2-3yrs..

Uem cancel plan for asia trade mall says something... no.matter how they give silly explanation....that is their PR script
If you visit mall of.medini now... u will see how the shops and restaurant there dying..

I do not.know.what happen in future.. but at the current rate. At least for me i am.not.buying any bullshit statement from govt, developer or etc....on.how many investment is done bla bla

[quote=geolee76,Nov 16 2016, 04:17 PM]
[quote=Michael_ote,Nov 16 2016, 03:30 PM]
Then puteri iskandar cannot go lo.. but most of the developer giv GRR... 2-3yrs..

Uem cancel plan for asia trade mall says something... no.matter how they give silly explanation....that is their PR script
If you visit mall of.medini now... u will see how the shops and restaurant there dying..

I do not.know.what happen in future.. but at the current rate. At least for me i am.not.buying any bullshit statement from govt, developer or etc....on.how many investment is done bla bla

[/quote]


now all the house not completed yet... surely die...

but the hotel in puteri habour seems doing well..

any idea on the hotel business in medini?

Mah sing was selling that as hotel..

got to wait until the chinese products are ready...then see who die first lor

Iskandar project sudah leng yeh?

Any owner report VP ?

https://www.edgeprop.my/content/1404157/buy...t-sue-developer

Any owner can share tis???

complicated rule....

Any update on above court case ?

yes.

case adjourned until further notice.

https://www.nst.com.my/news/crime-courts/20...ainst-developer

This the latest update, owner won the case, developer make some compensation.

But may i know what is the status now? Owner could obtain the individual strata title now from developer?

Investors have had a great time, had is for past tense

not breach of contract?

How's the prospects of medini looking now?
Am thinking of investing into the ecoworld high rise near by eco gallaria.

Seeking your thoughts on property in this area? I thought maybe can try target edu city tenants or local tenants in the shoplots/offices at eco botanic commercial areas

Brother, read this thread very carefully and see if anyone made money from investing here. Best option, buy an auction unit for less than half the ori price and you have even chances of making money. DON'T BUY DIRECT FROM DEVELOPER.

High rise at medini? why not landed?

That's sad. Half a million. Was it only in covid time?

Yeah I have read this and other threads but a lot of comments were from quite a few years ago. Was wanting to see if things have changed. Thanks for your feedback bro! Definitely doing my DD. Still.. it's an interesting prospect to have a unit so close to a hub of many international universities.

For targeting the educity students, I would say I would prefer more towards high rise generally. Plus, landed seems to be a bit expensive in Johor and higher risk. Small high rise units (studio or 1 bed) can be more affordable and less risk overall. And usually landed properties is quite bad for investment (monthly rental compared to installment amount).

Also, not sure if many people rent landed properties in Johor? Got a lot?

Has your friend got her strata title? I heard the Meridin owners sued Mah Sing and won because there are problems getting the title transferred.