Iskandar Malaysia has witnessed a steady increase in interest from the Japanese, due to its proximity to Singapore and conducive environment, revealed United Malayan Land Bhd (UMLand).
According to its group chief executive officer Datuk Charlie Chia Lui Meng, the group’s Iskandar project, for instance, has been getting a lot of Japanese interest which subsequently translated into sales.
He said the group sold 75 units in its landed properties in Sapphire 8, Bandar Seri Alam to Japanese buyers.
“From our purchase profile, they (Japanese) are actually young tenants. They are going to bring their family here. Most probably because of better environment and is closer to Singapore,” said Chia.
UMLand’s Medini Lakeside project also saw Japanese buyers snapping up 30 percent out of the 50 percent released for sale.
UMLand Medini Lakeside Development Sdn Bhd Senior General Manager Mazufi Abdul noted that it was a good sign for the group if the Japanese continue to be interested in acquiring properties in Iskandar.
Meanwhile, Chia earlier inked five agreements with five new partners namely, ONYX Hospitality Group, Ascott Ltd, Regus, Samsung S-1 Security Solutions Korea and MCAT Box Office.
The agreements could raise the group’s status as a lifestyle developer that offers quality and luxury products in all its projects including UMCity Medini Lakeside.
“We are very excited that these international partners are bringing brands that are a class of their own, to help turn the concept of UMCity Medini Lakeside into a reality,” he said.
“Upon completion in 2018, it will have a premium corporate office tower, two international branded serviced residences, a hotel, lakeside shopping centre and a wide range of business suites.”
Metro Homes offers for sales on both its corporate office tower and its adjacent Medini Viridea serviced apartment.