Welcome to this video episode discussing favorable property deals currently available in Medini. As a long-time advocate for Medini, I want to share insights on opportunities I've recently uncovered.
Why Medini is Attractive
Medini's appeal lies in its significantly lower prices compared to Johor Bahru (JB) City Centre.
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Prices in Medini are currently 40-50% cheaper than in JB City Centre.
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JB City Centre properties typically sell for RM 1,000+ per square foot, reaching RM 1,000-2,000 in prime areas like R&F. Properties slightly further out might be RM 800 per square foot.
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In contrast, Medini properties are available for approximately RM 500-600+ per square foot.
This price difference makes Medini a valuable investment opportunity.
Accessibility for Foreign Buyers
Medini is an attractive location for foreign buyers due to its accessibility.
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Foreigners, including Singaporeans, can purchase properties in Medini for under RM 1,000,000, and often significantly less.
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These affordable prices also appeal to local Malay buyers, making Medini a popular choice for those residing in JB.
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The strong interest from local buyers is a positive indicator for potential investors.
Strategic Location
Medini boasts a strategic location with proximity to key amenities and attractions.
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It is located in the same area as Legoland and Gleneagles Hospital.
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The area is also close to several international schools.
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Medini offers a quieter, greener environment with a lower population density.
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It is conveniently located near Bukit Indah and Eco Botanik.
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For those commuting to Singapore, Medini offers easier access via the Tuas Second Link, approximately a 10-minute drive away.
Potential Infrastructure Developments
Future infrastructure developments could further enhance Medini's appeal. Recent visits by Xi Jinping may result in Chinese investment in a high-speed rail link near Medini, although this is still speculative.
Freehold Conversion
Medini properties are currently leasehold (99-year or 1+99-year leases). However, a significant change is on the horizon.
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Medini is expected to convert to freehold status soon.
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Sunway is anticipated to be the first developer to announce this conversion.
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This conversion will likely occur in phases, with other Medini projects following suit over the next year or so.
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This change is contributing to increased interest from Malaysian buyers who anticipate the value increase that freehold status will bring.
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Freehold conversions are not unprecedented in Malaysia.
Purchasing before the freehold conversion may present the most advantageous opportunity.
Considerations for Living in Medini
If you plan to live in Medini, car ownership is highly recommended.
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Medini is not as convenient for walking to shops and supermarkets.
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Most condominiums are self-contained and lack extensive amenities within the immediate vicinity.
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Having a car allows for easy access to various destinations within a 10-15 minute drive.
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Alternatively, relying on ride-hailing services is an option for those without a car.
Iskandar Residences: A Potential Opportunity
One property to consider is Iskandar Residences.
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Iskandar Residences features developments with 3 or more bedrooms
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These units are usually lower level units
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Low floor units have good views
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