Singapore‘s privately-owned property group Link (THM) Holdings Pte Ltd is buying 14.60 acres (5.9ha) of land in Medini Iskandar and plans a mixed development project with a gross development value of S$1bil (RM2.5b).
It said on Wednesday it would acquire the land from from Global Capital & Development, the concession holder of Medini Iskandar. The lead shareholders include Iskandar Investment Berhad and Mubadala, the Abu Dhabi Government investment company.
“Link (THM) will turn the land into a development of mixed properties that is expected to be completed in three phases over a period of five years,” it said, adding the project would be known as Media Village @ Medini Iskandar.
Once completed in 2018, there will be more than 2,000 small office home office units and business suites of 1.2 million square feet of net saleable area.
The commercial properties consist mainly of food and beverage outlets will take up 1.1 million square feet of net lettable area.
For the residential component, Link (THM) plans to build seven 25- to 35-storey tower blocks.
Established in 2004, Link (THM) Group is renowned as a boutique property developer who has carved its niche in developing high-end landed residential properties in Singapore’s prime residential districts.
Over the years, Link (THM) has built a strong reputation and track record in creating luxury residential properties focused on lifestyle with avant-garde and modern architectural designs coupled with timeless interior designs coupled with timeless interior design concepts. Link (THM) takes a clear design approach on quality and prestige and its commited to deliver top-notch services and value to customers. This approach has translated to repeat businesses from homebuyers and investors from Singapore and abroad, a strong testimony to Link (THM)’s product quality, branding, and track record.
Once again, Singapore corporates are entering Nusajaya Iskandar Malaysia, over and over again. Are you?
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