NUSAJAYA: Sunway Group is set to launch its Citrine at The Lakeview Precinct, a self-sustaining mixed development project with gross development value (GDV) of RM350mil, by early July.
Joint managing director of property development division Malaysia/Singapore,Serena Cheah, said the 2.11ha project, which would be completed in three years, would be made available for private preview next month.
“We have received an overwhelming response, with 60% registration interest from the locals and 40% from foreigners, encouragingly from Singaporeans as well as from other countries.
“There is no limit for foreign buyers as Citrine is located in Medini and development within the area is exempted from the real property gains tax,” she told reporters during a familiarisation tour of the site yesterday.Cheah said the Iskandar region was growing and the project (Sunway Iskandar) had good connectivity through existing infrastructure and future integrated transport lines.
“The Kuala Lumpur-Singapore High-Speed Rail project will also help boost buying sentiment for the project. All projects in Sunway Iskandar are likely to be fully complete in 15 to 20 years,” she said.
Citrine, the first phase development of 44.92-ha The Lakeview Precinct, offers 328 serviced apartments, 167 office suites and 51 retail units around a picturesque natural lake in the precinct.
The Lakeview Precint has a GDV of RM2bil. Strategically located in Medini Iskandar, the Lakeview Precinct is one of the six precincts making up Sunway Iskandar, an integrated development project with a total GDV of RM30bil spanning over the 728.43ha. – Bernama
The other five precincts are The Capital, The Parkview, The Riverside, The Seafrontand The Marketplace.
The project in Medini is a joint venture with Khazanah Nasional Bhd with Sunway Group holding 60% interest.
Sunway owns the biggest plot land in Medini with Sunway Iskandar project taking up 31% of the area.
- 1st Launch
- The debut of Sunway Iskandar’s 1,800-acre masterpiece in Medini.
- Strategic Location
- 5 minutes to Singapore Second Link, Pinewood Studios, and Legoland.
- Limited Offices
- Increased demand for offices in the region presents an excellent opportunity for high appreciation potential.
- Neighbouring Seafront Precinct
- Located just 500m away from the premium Seafront precinct.
- Tax Exemptions
- Enjoy special IRDA tax incentives in Medini.
- 328 residential units
- Built-up from 618sqft
- Fibre Optic High Speed Internet Ready
- Expansive view of calming lake and lush park
- Retail convenience at your doorstep