Prime Minister Najib Tun Razak and his Singaporean counterpart Lee Hsien Loong yesterday jointly launched Afiniti Medini, the urban wellness project, and Avira, the resort wellness project, both located in Medini, Iskandar Malaysia.
The two leaders also officiated at the groundbreaking ceremony of Afiniti Medini.
“I see significant investments coming from Singapore into Malaysia,” Najib said.
He also stressed the importance of relocating and setting up new companies from Singapore to Iskandar and creating new investments in Iskandar.
“Malaysia has shown a lot of commitment in Iskandar in terms of investments, and expects a lot more investments coming from Singapore and within the region.
“There are investments coming to Singapore but cannot quite fit into Singapore. These investments will go to Iskandar because the prospects are very good here and there is also a spill-over effect from Singapore to Iskandar,” said Lee.
Wellness, the core product offering of Afiniti Medini and Avira, is a response to the growing demand for a wellbalanced life.
Afiniti Medini, the urban wellness project, will be a regional destination for families, tourists and professionals looking to combine wellness, retail and hospitality experiences as well as corporate training needs in a holistic package.
Afiniti Medini is developed by Pulau Indah Ventures Sdn Bhd (PIV), a 50-50 venture between Khazanah Nasional Bhd and Temasek Holdings Pte Ltd, while Avira is developed by Nuri Merdu Sdn Bhd, a 50-50 joint-venture company between PIV and E&O Oriental Bhd.
“The achievement of the event today, the unveiling of both project names, all demonstrates PIV’s commitment towards the successful development of Afiniti Medini and Avira,” said PIV chairman Syed Zainol Anwar Syed Putra Jamalullail.
Avira, the resort wellness project, will provide residents a retreat-like lifestyle all year round, surrounded by lush greenery in a 210-acre (RM84.98ha) development.
CIMB Investment Bank Bhd, The Ascott Ltd and Parkway Pantai Ltd have been appointed as key partners for Afiniti Medini. They were selected for their expertise and track record in their respective sectors.
Afiniti Medini provides holistic experience through its five key offerings – a corporate training centre, serviced apartments, strata residences, a wellness centre and a retail component.
CIMB will be the anchor tenant, using the centre for its regional CIMB Leadership Academy.
Somerset Medini Iskandar serviced apartments, managed by Ascott, will provide quality hospitality services and a wellness centre while Parkway Pantai will bring to this development an integrated wellness centre which is the first of its kind in the region.
A retail component comprises speciality shops and food and beverage outlets that extends the wellness concept coherently through the development.
The 147 units of strata residences are expected to be launched in the second-quarter of 2013 while Afiniti Medini is targeted to be completed by end-2015. It was all sold on 8/6/2013 at Traders Hotel in Puteri Harbour:
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 Khazanah Nasional.
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 RM500,000.
AVIRA WELLNESS RESORT – A STONE’S THROW FROM SINGAPORE, NESTLES A SANCTUARY OF WELLNESS
Located in Iskandar Malaysia’s Flagship Zone B (Nusajaya), Avira is strategically located in Medini Central.
Avira enjoys convenient accessibility via a comprehensive network of routes and expressways, seamlessly connecting this world-class locale to metropolitan Singapore, Kuala Lumpur, Sultan Ismail International Airport (Senai) and Johor Bahru city centre.
Avira is developed by Nuri Merdu Sdn Bhd, a joint-venture between Galaxy Prestige Sdn Bhd (a wholly-owned subsidiary of lifestyle property developerEastern & Oriental Berhad) and Pulau Indah Ventures Sdn Bhd (a 50/50 commercial joint venture between Teluk Rubiah Ventures Sdn Bhd, a wholly-owned subsidiary of Khazanah Nasional Berhad, and Aneto Investments Pte Ltd, an indirect wholly-owned subsidiary of Temasek Holdings (Private) Limited.
Fringed by a natural mangrove forest, Avira offers bungalows, semi-detached homes, terrace homes, condominiums, serviced apartments and commercial elements including a retail village.
A dedicated 12.5-acre wellness sanctuary will offer residents a wellness experience, encompassing wellness facilities and services.
Avira comprises two main components; The Estate and Wellness Sanctuary.
The Estate refers to the broader, overall development, one that is fringed by a natural mangrove forest and includes internal and external spaces of landed residences, condominiums, service apartments and commercial village, set within a gentle terrain that is securely gated and guarded.
Wellness Sanctuary is the pulse of wellbeing. These are areas designated for purpose-built facilities that can be found throughout the development such as the wellness centre and more.
LIVING IN THE HEART OF WELLNESS
Avira is a 210-acre development comprising of landed residences, condominiums, service apartments, a commercial hub and a Wellness Centre, which will be the heart and soul of the entire development.
Conceptualised to be a sanctuary centred on the ideology of “Making The Good Feel Better” by prolonging active years, it will offer a unique proposition to enrich the lives of those who make a conscientious choice. The aim is to provide an environment equipped with facilities, services and expertise that resonates ‘wellbeing’; that simply by being here, one would involuntarily soak in all the goodness of their surroundings and radiate positive energy.
This philosophy encourages optimum wellbeing and guides master planning of the entire 210 acres.
The double-storey terrace homes are expected to be launched later in Q3/4 this year 2013.
Register at our website and we may help you to secure an Avira when its ready for launch in Q3/4 2013!